imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Free Yourself America

by jt Friday, Sep. 30, 2005 at 6:49 AM

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


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


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). when ever 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


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


Report this post as:

Local News


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Doxa du lobby A25 2:03AM

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

Shadowgun Legends Hack and Cheats A23 7:24AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy