U.S. Declares Bankruptcy, Amerikan Bankruptcy

There is a lineage of history which declares the U.S. did fall into bankruptcy, and when the gold was confiscated and sent to the Bank of England… well, the citizens of the U.S. of A., Inc. became the surety for those debts- the national debt.


Surety as in, YOU are the collateral for your financial debts; an indentured servant.


A Modern-Day Slave.


Look at your dollar bill, it is a Federal Reserve NOTE.


A NOTE is an I.O.U.


A debt instrument.


Some folks thought communism was obliterated and the fascist tyranny was stopped mid last century… think again.


Here is some text from a website I would not publicly link to keep it online and free from empire affliction:


‘On April 5, 1933, then President Franklin Delano Roosevelt, under Executive Order, issued April 5, 1933, declared: “All persons are required to deliver on or before May 1, 1933 all Gold Coin, Gold Bullion, and Gold Certificates now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”


The order (proclamation) issued by Roosevelt was an undisciplined act of treason. Two months after the Executive Order, on June 5, 1933, the Senate and House of Representatives, 73d Congress, 1st session, at 4:30 P.M. approve House Joint Resolution 192 (HJR-192) 192: Joint Resolution to suspend the Gold Standard and abrogate the Gold Clause, Joint resolution to assure uniform value to the coins and currencies of the United States.


HJR-192 states, in part, that “Every provision contained in or made with respect to any obligation which purports to give the oblige a right to require payment in gold or a particular kind of coin or currency, or in any amount of money of the United States measured thereby, is declared to be against public policy, and no such provision shall be contained in or made with respect to any obligation hereafter incurred. Every obligation, heretofore or hereafter incurred, whether or not any such provisions is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any such coin or currency which at the time of payment is legal tender for public and private debts.”


HJR-192 goes on to state: “As used in this resolution, the term ‘obligation’ means an obligation (including every obligation of and to the United States, excepting currency) payable in money of the United States; and the term ‘coin or currency’ means coin or currency of the United States, including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations.”


HJR-192 superseded Public Law (that which passes as law today is only “color of law”), replacing it with public policy. This eliminated our ability to PAY our debts, allowing only for their DISCHARGE. When we use any commercial paper (checks, drafts, warrants, federal reserve notes, etc.), and accept it as money, we simply pass the unpaid debt attached to the paper on to others, by way of our purchases and transactions. This unpaid debt, under public policy, now carries a public liability for its collection. In other words, all debt is now public.”

Comments

Nick Raymon said…
Which is why the goal of bankruptcy would be to provide an orderly process for resolution of debts, which may include extending the maturity of bonds or other such measures.
And this isn’t necessarily a bad thing for creditors...
Ontario Bankruptcy

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