The Bankrupt Century, or How We Were Sold in Slavery to the Banks

For all those who are concerned and bewildered by the bank bailouts, the TARP funds and the clear collusion between politicians and bankers, here’s your reason: you, your house and the land it sits on already belong to them. In a nutshell (and in caps to emphasize) THE USA IS IN CHAPTER 11 BANKRUPTCY, THE FED & THE IMF RUN THE TREASURY AND ALL ASSETS PAST, PRESENT & FUTURE BELONG TO THE RECEIVERS… who are the banks getting bailed out. Do you get it now? They are not robbing you now, they are simply coming to claim what they stole from under our very noses 100 years ago. A centuries-old business plan coming to fruition, well tied down by Emergency War Powers (aka the “rule of law”) to ensure the “beneficiaries of the Trust” (me, you & everyone else) give up the goods without a fight when the Trustees (stockholders ie bankers and their ilk) come for what is theirs as legal title holders to ALL properties in the USA… including your person (via your birth certificate number).

Before we dive headfirst into this rabbit hole, be forewarned that this is a long and heavy piece of knowledge that may well get stuck on the way down. No pictures, no jokes, just the bare facts for whoever can stomach it. It is not an easy pill to swallow, but it does help clarify a lot of the apparent craziness going on, and is totally consistent with the banker elite MO.

“The few who can understand the system (check money and credits), will either be so interested in it’s profits, or so dependent on its favors, that there will be no oppositions from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”Rothschild Brothers of London

The world is one big fat business plan. We’ve said it before and we’ll say it again, because it is the underlying reality of our world.

Bankruptcy is a natural part of the business ecosystem, especially in ecosystems where banks perch at the top of the food chain. If the world were a green pond, banks would be the toxic bacteria that rupture healthy cells –hence the term “bank rupture”– to consume its vital fluids. Unfortunately, our pond is not only infested with bank toxins but indeed has been created by the very same bacteria to facilitate their dominance.

The information presented here is on public record, but it is far from being common knowledge. This document is the most compact and clarifying text regarding the true standing of the United States of America as the largest bankrupt company in world history for almost a century. The text reproduced in its entirety (highlights in bold added) are the extended remarks of Congressman James Traficant Jr. (yes, the same one who did time on bribery charges, see comment on this below) to Congress in March 1993. Although his actual remarks on the floor were limited to the first paragraph of this text, he was granted permission to revise and extend his remarks so as to include them in the public record. Traficant took this opportunity to make it clear, once and for all, how and why our economic slavery functions.

To say that this brief text maybe one of the most important documents to fall into the hands of the general public may seem like an exaggeration, and maybe it is. Because, as Don Juan often told Castaneda, knowledge is only useful if one has the power to do something with it. The fact that the USA has been officially bankrupt since 1913 will make little difference to the lives of most people, rendered powerless by manipulation and deceit. But, as Castaneda learned, the power can be acquired, and with it the understanding of what needs to be done.

To better understand how a bankrupt nation does business under the guise of democracy, it is essential to listen, once again, to Freeman John Harris (see video below). It is his tireless work that is bringing to the light the fundamental nature of modern slavery. Although his investigations are centered on the British system to which he used to belong, his conclusions are applicable to many, if not most, modern nation states. Harris discovered that the United Kingdom has been in effective legal bankruptcy for a century too, and then went on to discover how the parliamentary system really works.

In a nutshell, the parliament proposes statutes designed to extract wealth from the slaves, and “sells” them to the banks who are the receivers of the bankruptcy. If the banks consider the proposed regulation is an effective means to service the debt, the politicians then sell it to the voters by any means necessary (most commonly, by lying through their teeth and/or coercion). This is the modus operandi of pretty much all democratic systems, and is applicable to the US as well.

And that’s about the sum of it. Simple, as Harris likes to say. The only thing that makes it complicated is the need to hide the fact that the country no longer belongs to the people that live in it. So far, they have proven successful in maintaining the illusion of freedom, rights and representation, but as we reach the 100 year anniversary of the Federal Reserve Act of 1913, Pandora’s Box lies open for those who dare look inside.

The Bankruptcy of The United States

United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

“Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States?’

Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be “money” in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency.” Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not “money.” A Federal Reserve Note is a debt obligation of the federal United States government, not “money?’ The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any “money.” Most Americans have not been paid any “money” for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are “bankrupt,” along with the rest of the country?

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). Whenever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) – a promise to pay the debt to the Federal Reserve Bank.

There is a fundamental difference between “paying” and “discharging” a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of “good & valuable consideration.” Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.

Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a “Canon Law Trust” as their model, adding stock and naming it a “Joint Stock Trust.” The U.S. Congress had passed a law making it illegal for any legal “person” to duplicate a “Joint Stock Trust” in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “Hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the “informed knowledge” of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt.

Why don’t more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid?

Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country.”

Image: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

Commentary on the Text
In reality, most of the text is self-explanatory and clearly written and devoid of doublespeak garbage. It is evident that Congressman Traficant wanted there to be no confusion as to what he was saying. If ever a document could be considered the opposite of doublespeak, this would be it. In fact, Congressman Ron Paul believes that Traficant’s judicial problems arise precisely from the contents of this text, but even if they don’t, the fundamental truth contained in these words remains unaltered.

Parts of the text highlighted in bold are some of the main facts that hide beneath the modern slavery illusion. Among them, that the sovereign authority of the United States has been dissolved since 1933, that democracy is the new world order imposed by the receivers of the bankruptcy, that federal reserve notes are not money, that inflation is an invisible form of taxation, that the Federal Reserve system is a sovereign power structure operating exclusively under Admiralty Maritime Law and that all property within the US was “hypothecated” to the bankers, along with national parks and birth certificates, as collateral against the federal debt (as a side note, the Spanish word for mortgage is “hipoteca”). Also note that Traficant explains why this debt cannot be payed, only “discharged”.

The point is, it is all 100% legal under Admiralty Maritime Law (based on Canon or Vatican law), the code the Federal Reserve and the International Monetary Fund operate under. Since these entities are receivers of the US bankruptcy, the terms of repayment stand under their jurisdiction. This includes, of course, dictating national policy to best serve the hidden bankruptcy agenda.

Just in case the import of his words were not clear enough, Traficant ends his exposition spelling it out clearly: “This is an undeclared economic war, bankruptcy and economic slavery of the most corrupt order!” As they say in Spanish, you can say it louder, but not more clearly.

Finally, for dessert, a heaping of John Harris. Crack out the alka-seltzer and dig in!

5 thoughts on “The Bankrupt Century, or How We Were Sold in Slavery to the Banks

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