08 Federal, Corporate United States Government is Perpetually Bankrupt (2024)

- Chapter Eight`

The Global,Debt-Based Economic System is a Casino Gambling Operation Destined forBankruptcy!` BANKRUPTCY`

by Johnny Liberty`

Dedicatedto the thousands of pioneers` who came before and contributed to the research`and creation of this handbook.

The Federal, Corporate United States` Government isPerpetually Bankrupt`

"Mister Speaker. We are here now in Chapter11.

Members of Congress are official trustees` presiding over thegreatest reorganization of` any bankrupt entity in world history,` the U.S.government.”

— James Traficant, Jr. (D-Ohio)` addressing the House onWednesday, March 17,` 1993 — United States Congressional Record,` Volume #33,page H1303 1`

Since the passageof the Federal Reserve Act, the federal` United States government hascontinued to borrow and` spend without limit or accountability.

It took only 20years (1913— 1933) for our power-hungry,` money-crazy elected representativesin the U.S. Congress,` the supposed guardians of the American republic, to`bankrupt the federal United Statesgovernment and sell out` the united states of America. So much for politicians.Has` anything changed?

In 1933, thefederal United Statesgovernment declared` bankruptcy by Presidential Proclamation #2039, issued`March 6, 1933, and #2040 issued March 9, 1933,` temporarily suspending bankingtransactions by member` banks of the Federal Reserve System. Normal banking` functions were resumed onMarch 13, 1933 subject to certain` restrictions.

These PresidentialProclamations took effect after President` Roosevelt’s declaration of anational state of emergency` pursuant to Executive Orders # 6073, 6102, 6111,and 6260` (see Senate Report 93-549, pp. 187, 594; 5 U.S.C.A§903)` underTrading with the Enemy Act of 1917, codified 12` U.S.C. 95a; House JointResolution 192 of June 5, 1933;` confirmed in Perry vs. U.S. (1933), 294 U.S.330-381 and 31` U.S.C. 5112, 5119. 2` TheFederal Reserve foreclosed on the U.S. Department of` the Treasury in1933 and demanded all the gold ($) to satisfy` the interest payment on the debtobligations already` incurred. On June 5, 1933, the U.S. Congress enactedHouse` Joint Resolution 192 to suspend the gold standard.3`

“Whereas the holding or dealing in gold` affects the publicinterest, and are therefore` subject to proper regulation and restriction; and`whereas the existing emergency has disclosed` that provisions of obligationswhich purport to` give the oblige (Federal Reserve) a right to` require paymentin gold.”

— House Joint Resolution 192`

The U.S. Departmentof the Treasury was emptied, all the` gold in FortKnox was removed, and every staterepublic in` the Union went bankrupt as wellby pledging their good faith` and credit (i.e., your future productivity) toaid the national` government.

The Federal ReserveBank directed President Franklin D. Roosevelt to declare a state of nationalemergency and` prohibit the private ownership of gold ($) within the federal` United States.

The American peoplewere ordered to deliver their gold to` the nearest Federal Reserve Bank.Although, by law, this` Executive Order applied only to U.S. citizens,most people` complied (as they didn’t know any better) and handed over` theirreal money ($) in exchange for a paper money` substitute (Ø). So if you wonderwhy you don’t have any` “money” it’s because you were robbed in broad daylightand` didn’t even notice.

Since HJR 192, theAmerican people have not been able to` lawfully “pay” a debt. You can onlyexchange and transfer` debt from one party to another which is what we do when`we exchange FRN’s. The debt can never be paid off. It is` perpetual, growingexponentially and lasting forever (until` bankruptcy do us part).

The suspension ofthe gold standard and an emergency` prohibition against the payment of debts,also removed the` “substance” from the Common law thus effecting the entire`legal system as well.

The substance oflawful consideration was replaced with the` “National Public Credit System”where debt money (FRNs)` was used as legal tender to “discharge” debts insteadof real` “money.” Perpetual debt belongs exclusively to an` Admiralty/Maritimejurisdiction and an International` contract compelling performance.

Thus the Common lawwas also suspended, as there was no` money to consummate any action in law.Note that the court` “excepted” matters governed by the Constitution and actsof` Congress from being governed by state laws.

“Except in matters governed by the federal` Constitution or by Actsof Congress,` the law to be applied in any case is the law of the`state...there is no general federal Common law.”

— Erie R.R. vs. Thompkins, 304 US 64 (1938) 4`

The“principal/creditor” in the fashioning of the “federal` Common law” is the“Admiral” himself, enlarging his powers` over the republic and jurisdictionover the land as a result of` the public policy declared in HJR 192.

The limitedliability for payment of perpetual debt falls` under the federal law merchantand the law of Admiralty` because of the subject matter, and the nature of thecause of` the action.5` Thus, the state andfederal constitutions, and/or Common` “law of the land” has yielded to theAdmiralty/Maritime “law` of the sea.”

The “Admiral,” andwhomever he personifies, has become` King. The CEO has become King. Thesovereignty of the` united states of America has been effectively andinvisibly` transferred to the foreign principals/creditors of the federal`United States.

“If we don’t change our direction,` we’re likely to end up wherewe’re headed.”

— Chinese Proverb`

When the braveCongressman Louis T. McFadden stood up` to the mighty bankers and legislators,and brought` impeachment charges against them, the indictments were` buried inCommittee and never reported to the House floor.

Later he wasbelieved to have been poisoned for daring to` tell the truth. Few of ourelected representatives Washington` D.C. have dared tell the truth since. Thefederal United` States government is perpetually bankrupt. Our children` willinherit this un-payable debt, and the tyranny to enforce` it.7` The American people not only lost their gold in 1933, but`were paid only Ø.59 on the Dollar in worthless paper` currency (Ø) when theyexchanged it.

The U.S. supremeCourt upheld President Roosevelt’s` policies due to his threatening toreorganize the judicial` branch despite the Administration’s clearlyunconstitutional` acts. The Constitution and the Common law was gone,` and themonied powers of the international bankers were` firmly in charge.

The Banking Act of1935 established the Federal Deposit` Insurance Corporation (FDIC), booted outthe Secretary of` the Treasury and the Comptroller of the Currency and finally`decreed that all profits of the Federal Reserve Bank would be` retained by theFederal Reserve Banks.

The federal UnitedStates government has been bankrupt,` financially, legally and morally eversince. Had you seen the` writing on the wall, would you have acted? 8` Instead of correcting this horrible mistake by repealingthe` Federal Reserve Act, or challenging its constitutionality, the` U.S.Congress, and our elected representatives have cowardly` continued toconfiscate the property and income of the` American people through excise andincome taxes, social security` taxes, probate and inheritance taxes,inflationary` monetary policies, seizures, forfeitures, condemnation,malicious` prosecution, bankruptcy proceedings, and outright` grand theft.

The U.S. Congresscontinues to borrow and squeeze until it` hurts the American people, then theyborrow some more.

Every time theyraise the debt ceiling in the U.S. Congress, a` piece of the country and a bitmore of the future is handed` over to the foreign principles/creditors.

Both Republicansand Democrats have perpetrated this` policy to this very day. All this lipservice about balancing` the budget is great political positioning, but itcannot be` done in a debt-based currency system.

Whether seven(Republican) or twelve (Democrats) years,` it’s too little, too late to avoidthe collapse of the American` economy and way of life.

The true cost offunding this federal U.S. government` shopping spree and the internationalbanking cartel, at` public expense, has been the sovereignty of the unitedstates` of America, our lawful sovereign “state” Citizenship, the` integrity ofour justice system and the loss of our` Constitution and Bill of Rights.

"I have never seen more senators express` discontent withtheir jobs...I think the major` cause is that, deep down in our hearts,` wehave been accomplices` in doing something terrible and un-forgivable` to thiswonderful country.

Deep down in our heart, we know that we have` given our childrena legacy of bankruptcy.

We have defrauded our country` to get ourselves elected.”

— John Danforth (R-Missouri) 9`

When the federalUnited States government, or any corporation` or government, becomes bankrupt,it transfers its` sovereignty to its creditors/principals.

As a bankruptentity, the federal United States govern-ment` has no power or authority toinitiate civil or criminal actions` against anyone. No bankrupt entity canissue credit or make` loans. All government loans, supposed benefits andcharity` is a fraud.

The entireconstitutional court system is suspended, and` replaced with military tribunalsoperating under Admiralty /` Maritime law.

Consequently, thepower and authority of the entire federal` United States government resides inthe sovereignty of its` principles/creditors, the Federal Reserve Bank, andits` principles the International Monetary Fund (IMF).

All courts, federaland State, are convened in bankruptcy` proceedings against the citizens of theUnited States, suing` via the Uniform Commercial Code (UCC) in an`Admiralty/Maritime jurisdiction.10`

“A banker is a man who will loan you money` if you can prove youdon’t need it.”

— Mark Twain`

Reorganization of the Federal United States Inc.

Editor’s Note: Whenthe Emergency and WarPowers Acts` are lifted all Federal Reserve Banks willcease to operate.

In 1995, the law forbidsmember banks of the Federal` Reserve System to transact banking business exceptunder` regulations of the Secretary of the Treasury, during an` emergencyproclaimed by the President (12 U.S.C.A§95).

The CFR ParallelIndex of Rules and Authorities, which` begins on page 751 of the 1995 Index tothe Federal Code of` Regulations, demonstrates that the Federal Reserve System`has always been an agency of the self-interested or` geographical United Statesand has never had legitimate` authority applicable to the state republics andthe` population at large.

The only publishedregulation which supports 12 USC §95a,` section 5(b) of the “Trading With theEnemy Act of 1917” pertains to customs; the other under Title 31 is held in`reserve, and there is no regulatory application for Congress'` approval ofemergency powers granted to the executive via` 12 USC §95(b).

Likewise there areno regulations applicable to the state` republics for the statute whichauthorizes federally` chartered financial institutions to monetize public and`private assets with ledger-book creation of debt (12 USC` §101), and there isno regulation extending the Federal` Reserve note as legal tender for paymentof debt to the state` republics (12 USC §§411 & 412).

This is furtherverified by regulations pertaining to federal` tax and loan depositaries at 31CFR §202 et seq. United` States-chartered financial institutions trafficexclusively in` “public money,” which is treated extensively in Chapter 10 of` Title 31, United States Code.

By definition,public money is obligations of the United` States which can legally be in thecustody of agencies of the` United States and officers, agents and employees ofUnited` States agencies. [Editor's Note: This supports the theory` that any use of FederalReserve Notes indicates an` adhesion contract that ties one's Citizenship tothe federal` system.] 11` The passage ofPublic Law 90-269 (March 18, 1968)` declared that the Federal Reserve Notes(FRN’s) you carry` around in your pocket are not redeemable.

The passage ofPublic Law 95-147, 91 Stat. 1227 (October 28,` 1977) declared that all Americanbanking institutions,` including State banks, were under the control anddirection` of the Governor of the International Monetary Fund (IMF).12`

Furthermore, theAct further declared that section 10(a) of` the Gold Reserve Act of 1934 isamended by striking out the` phrase “stabilizing the exchange value of thedollar.”

Furthermore, theAct states that the Joint Resolution to` assure uniform value to the coins andcurrencies of the` United States shall not apply to obligations of the United`States issued after the date of enactment.

Therefore, theinternational organizations, corporations and` associations who had refused topay their debts determined` they could pass the loss of their non-redeemable,noncurrent` notes, bonds and other evidences of debt to others, and` thereforecrown the fraud of the money trust with success.

Several recent U.S.District court decisions have placed the` entire U.S. banking system intoreceivership which is more` prima facie evidence of bankruptcy. During the NewDeal` (1933), when banks were first federalized, they did not` register withthe Secretaries of each respective Union state.

Therefore everycommercial, American bank has been` operating illegally since 1933. All loans,interest and` foreclosures since then have also been illegal contracts (e.g.National Banking Association, Farm Credit System).14` The Federal Reserve System is being absorbed into anentity` called the Federal Banking Commission (FBC) through HR` 1214 (May1993).

This Commissionwill abolish seven systems, including the` Federal Reserve, the NationalBanking Association, Thrift` Associations and the FDIC (though the names mightbe` retained for awhile). Henry Gonzalez (D-TX) addressed the` U.S. Congressand told them about the reorganization plan.15` TheFederal Banking Commission is comprised of Seven` Governors including theSecretary of the Treasury, the` chairman of the Federal Reserve, and the chairmanof the` FDIC.

The Federal DepositInsurance Corporation (FDIC) no` longer protects commercial banks. The nationalbanks have` recently de-federalized, returning to their state charters.

Banks without statecharters will close. Deposits are no` longer guaranteed by the bankrupt FDIC.16`

Sedition &Treason Against the United States` Sixteen nations declared bankruptcy at the first Breton`Woods Agreement in 1930. The Geneva Convention Treaty` (1930) declared thatinternational bankruptcy treaties were` superior to all federal law, and theConstitution.

No treaty with aforeign country or legal entity can` supersede the Constitution, except incases of bankruptcy.

The InternationalMonetary Fund (IMF) and World Bank` was an outgrowth of the Breton Woods Agreement(July` 22,1944), aka “The Final Act of the United Nations` Monetary andFinancial Conference.”

Over 100 nationsdeclared bankruptcy and formed a new` currency system led by the federal UnitedStates government,` the Federal Reserve Bank, and international bank-ers.

The entire monetarysystem of the United States was subverted` and usurped by agents of foreignprincipals. This was` the same year the United Nations was founded.

The Secretary ofthe Treasury, as the chief financial officer of` the federal United States, isthe “Receiver” in bankruptcy` (Reorganization Plan #26, 5` U.S.C. 905, PublicLaw 94-564).41 The federal United States` government is a front for thesovereign creditors, the` Federal Reserve Bank (see Foreign Agents RegistrationAct` of 1938; 22 U.S.C. 286 et seq., 263(a), 285(g), 267(j), 611(c)` (ii) &(iii); Rabinowitz vs. Kennedy, 376 U.S. 605; 11 L Ed 2d` 940; 18 U.S.C. 219,951; Treasury Delegation Order #91).

The Federal ReserveBank is also bankrupt under the` receivership of the International MonetaryFund (IMF).17`The former Presidential CabinetOffice of the “Secretary of` Treasury” and Department of the Treasury no longerexists` except in name only.

The presentSecretary of the Treasury is NOT the same office` as the Treasurer of theunited states of America. Search as` you may for an appointment in the publicrecord including` the Congressional Record and the United States Code, you`will not find one for the present “Secretary of the Treasury.”

But you will findan appointment for Robert Rubin as an` alien, corporate “Governor” of theInternational Monetary` Fund and the International Bank for Reconstruction and`Development (i.e., World Bank), among other interna-tional` appointments.

Check out the“Weekly Compilation of Presidential` Documents.” For example, Rubin’spredecessor, former` Senator Lloyd Bentsen of Texas, is listed in the Weekly`Compilation on January 28, 1993 under Nominations` Submitted to the Senate asfollows: 18`“Lloyd Bentsen of Texas, to be U.S.Governor of the International` Monetary Fund for a term of five years; U.S.Governor` of the International Bank for Reconstruction and Development` for aterm of five years; U.S. Governor of the Inter-` American Development Bank fora term of five years; U.S. Governor of the Asian Development Bank; U.S.Governor of` the African Development Bank; and U.S. Governor of the` EuropeanBank for Reconstruction and Development.”

The Governor of theInternational Monetary Fund is the` present and only “Secretary of the Treasury.”

The corporate andfederal State Governors are also regional` Governors of the InternationalMonetary Fund. These are` the front men for the foreign principals/creditors ofthe federal` United States. These men are agents of a foreign principal`pursuant to 22 U.S.C. §611, 612. They are directed, controlled,` financed andsubsidized by a foreign power that has` nothing whatsoever to do with the“United States” or its` Constitution.

Under 5 U.S.C.§3331, each individual elected or appointed` to an office of honor or profit inthe civil service or` uniformed services, must take an oath to uphold the`Constitution against all enemies foreign and domestic.

You cannot servetwo masters. Acceptance and holding of an` office or employment must notviolate 5 U.S.C. §7311`

Section 7311.Loyalty and striking` Anindividual may not accept or hold a position in the` Government of the UnitedStates or the government of the` District of Columbia if he:`

1. advocates theoverthrow of our constitutional` form of government;`

2. is a member ofan organization that he knows` advocates the overthrow of our constitutionalform of` government.

Under federal law,the “Secretary of the Treasury,”appointed by the President, cannot be employed by the` united states ofAmerica. Neither does the “Secretary of the` Treasury” receive any salary fromthe federal United States` government.

The “Secretary ofthe Treasury” is paid directly by the` International Monetary Fund (IMF). TheIMF also pays the` salaries of federal judges, U.S. Attorneys and U.S.Marshals.

So why are thesepurported government appointees being` paid by a foreign entity? To whom dothey have allegiance?

You cannot servetwo masters. He whom the piper pays` dances.

Title 22U.S.C.§283(a)` Appointment ofofficers; term of office; salary (c) Compensation` No person shall be entitledto receive any salary or` other compensation from the United States forservices as a` governor, alternate governor or executive director.

Reading 5 U.S.C.§782 will shed light on why these` appointees are not being paid by the UnitedStates` government directly. Acceptance of funds or a salary would` be sufficientevidence and cause for indictment for treason.

Of course, there stillis the element of fraud. Did anybody` ever tell you they’re working for aforeign principle? Now, do` you still wonder why many appointees in government`appear to be acting in somebody else best interest, other` than the Americanpeoples? Now, I’m curious who pays the` salaries of the U.S. Congress? 20`

“The giving, loaning, or promising of support` or money or anyother thing of value for any` purpose to any organization shall beconclusively` presumed to constitute affiliation therewith.”

— 5 U.S.C. §782, item 17.

The federal UnitedStates began participation in INTERPOL` in 1938, designating the U.S. AttorneyGeneral as the official` representative to the organization.

The Waco Massacreof the Branch Davidians in Texas was` an INTERPOL operation spearheaded by U.S.Attorney` General, Janet Reno. This enlarges the picture quite a bit.

The U.S. AttorneyGeneral officially designated the Secretary` of the Treasury as the U.S.representative to INTERPOL in` 1958. The U.S. Attorney General is the “permanentmember” to the Secretariat of theInterpol Operation, and the` Secretary of Treasury the “alternate permanentmember.” 21`Representatives to INTERPOL must,pursuant to Article 30` of the “Constitution and General Regulation of Interpol(22` U.S.C. §263 (a)),” renounce their allegiance to their` respectivecountries and expatriate.

The U.S. AttorneyGeneral and the Secretary of the Treasury` have renounced their allegiance tothe united states of` America. One cannot serve two masters. The World Bank is`the agent for the principles/creditors of the federal United` States and is notsubject to American law.22`

> TREASON— offense of attempting by overt acts to` overthrow thegovernment of the state to which the offender` owes allegiance; or of betrayingthe state into the hands of a` foreign power (e.g. international bankers).

> SEDITION— knowingly becoming a member of any` organization that advocatesthe overthrow or reformation of` the existing form of government of this stateby violence or` unlawful means.

Consequently, all“public servants,” officials, congressmen,` senators, politicians, judges,attorneys, law enforcement` personnel, the States and their various agencies,are express` agents of the foreign creditor/principles who have bankrupted` andstolen the united states of America through the paper` money banking swindleand other frauds and treacheries. Is` this treason?

“I know no safe depository of the ultimate powers` of thesociety but the people themselves and if we` think them not enlightened enoughto exercise their` control with a wholesome discretion, the remedy is` not totake it from them, but to inform them.”

— Thomas Jefferson`

Bankruptcy & American Sovereignty`

These undeclaredfederal bankruptcies are directly linked to` the profound changes in theAmerican system of law.

Without substanceand without real “money,” there can be` no Common in law actions.

When the federalUnited States borrowed from the Federal` Reserve Bank in excess of the Americanpeoples ability to` pay the federal government’s obligation in substantive,real` money, and the international banks demanded to be paid in` gold coin, thesovereign states and their respective “state”Citizens lost their sovereignty under the Common law.

Under the influenceand prompting of the Royal Institute for` International Affairs, the AmericanBar Association and` other private organizations accommodated the dilemma by`blending “law” with “equity” in such a way as to not alarm` the AmericanCitizens of their newly acquired subject status.

There would nolonger be any genuine Common law courts,` or distinct jurisdictions (Law,Equity, Admiralty) as required` by the Constitution. All law would be“colorable,” or` commercial. All law would be practiced as “statutory,” or`commercial operating under the rules and procedures of` EQUITY or ADMIRALTY,not the COMMON LAW.

As every “licensed”attorney knows, the rules of “equity” are` quite different from the rules of“law.” Equity compels` performance upon the letter of a contract obligation, orin` the interest of the creditor in case of financial default, but it` allows ajury trial for controversies above $20.00, and it` outlaws debtors’ prisons.

However the equityjurisdiction of international default on` debt is tried in “admiralty” courts,which do not recognize` any of the constitutional protections of the equitycourts.

A jury in anadmiralty court is only advisory to the judge` who may rule contrary to a juryverdict if he/she wishes.

Admiralty courtsimpose criminal penalties on those who` fail to perform. You can recognize theadmiralty jurisdiction` by the gold-fringed flag around the American flag in`virtually every courtroom today.

Balancing the Budget Fiasco` [Editors Note: Any intelligent individual ought to understand`basic arithmetic and the simple realization that in a debtbased` currencysystem you cannot balance the budget. So` what's all the fuss and fiasco in thehalls of Congress? Here’s` an analysis of the balanced budget amendment.]` The government’s practice of burdening the public withdebt` was addressed by Henry George in 1904 with a keen insight` that boiledfrogs have cooked out of them.

As much as thepeople who are in debt are told that they are` actually benefiting from theirnegative condition, it is they` and their children who suffer, he observed.“The institution` of public debts...rests upon the preposterous assumption`that one generation may bind another generation,” he wrote.

He recognized thatfoisting debt upon the public is an` exercise that would involve “a flagrantcontempt for the` natural and unalienable rights of man.”

He says thatdrawing on wealth that has not yet been created` not only robs our progeny butthat it creates dangerous` power certain to be abused. The only ones who gainby such` an arrangement are “those who get control of governments.”

They are able toamass sums clandestinely this way, because` outright taxation to acquire theamounts they want would` immediately arouse indignation and resistance.24`

National DebtNow at $13 Trillion?

The official tallyof the national debt is not somewhere over` $5 trillion, but the real figurecould be closer to $13 trillion,` according to Robert Gaylon Ross writing forMedia Bypass` Magazine. During the government budget crisis shutdowns` lastDecember and January, Treasury Secretary Robert` Rubin admitted he wasborrowing money from trust funds` to keep the government afloat — “a simpleelectronic entry,” he called it.

Unfortunately,there is no real-life container that holds these` trust funds. As money funnelsinto the Treasury it lands in a` general fund. When that fund is empty,anything borrowed` from any purported funds is just another electronic debit`entry.

Investment bankerand chairman of the CFR, Peter G.

Peterson announcedon CSPAN in April of 1994 that the` government had already borrowed over $7trillion from the` Social Security Trust Fund. How much has been raided from`the government's 47 other trust funds? Whatever that figure` is, it isinvisible debt which the government terms` “off budget” items.

The invisible debtis also contributed to by the “Black Budget”which funds our nation's huge intelligence apparatus.

This part of thebudget is off limits to scrutiny because of national` security. Another sourceof off-budget debt is programs` that are currently being underfunded, such asthe federal` pension plan which has been getting shortchanged to` the tune of$1 trillion since 1993. Add all this up and the total` national debt could beat $13 trillion or beyond.25`

Bankruptcy Strategies` There are alternatives to declaring bankruptcy. Bankruptcy` is nota desirable status for sovereign people as it creates a` lien upon not only allyour present assets but your future` productivity.

To declare bankruptcyis to admit that you are not` economically sovereign and incapable of beingfinancially` responsible for your actions. That is a lien-able position to`take. A Chapter7, 11, 12 or 13 bankruptcy court order will` make you a “ward of the court”forever. Not recommended` for aspiring sovereigns.

Accord andSatisfaction`

“Accord &Satisfaction” is a commercial process for` discharging debt. Sovereign “state”Citizens cannot declare` bankruptcy, thus “Accord & Satisfaction” is analternative` for Citizens who get over their head in “credit” money and` cannotmeet their debt obligations.

A third party, onbehalf of the debtor, will offer a creditor` consideration as a conditional“Accord & Satisfaction” in` exchange for the full and complete discharge ofthe debt. If` the consideration is offered and clearly designated as a`conditional Accord & Satisfaction on the negotiable` instrument, andaccepted by the creditor, the debt is legally` discharged in full.

In the case of FordMotor Co., consideration was sent and` accepted, then Ford Motor tried to sendthe check back and` undo the Accord & Satisfaction, which it could not, bylaw,` do.

The cost oflitigation for Ford Motor was prohibitive against` a pro se litigant, so theyeventually settled for a full` discharge of the debt, and a title to the truckfree and clear.

Accord andsatisfaction is one alternative to declaring` bankruptcy.26`

RepudiatingCredit Card Debt Fraud`

[Editor’sNote: Barrie’s methods are not for everyone, but` for those faced with un-payablecredit card debts,` imminent foreclosure on a mortgage or the prospects of`bankruptcy, perhaps this is a remedy.]` Author Barry Konicov advocates fighting bank fraud and the`rip-off of the American people by canceling personal debts.

The modern so-called“money” system, he points out, is` sustained by lies, cheating and thievery.

Bankers (who areall ultimately linked to the Federal` Reserve) create “money” out of thin airevery time a person` activates the debit/credit system.

In a lawful system,borrowers put up collateral (something` real) in order to borrow real wealththat actually comes from` deposits or investments at the bank. In ourfraudulent system,` borrowers are still putting up collateral that was created`by their very real labors, but the banks are loaning credit,` which is createdby electronic computer entries.

As a result, bankcustomers become unwitting enablers to` the fraud of the dishonest bankers, andpay interest for the` privilege.

Taxpayers, who havebecome accustomed to paying the` government for the mere privilege of existing,have been` hoodwinked into the same crooked system of paying back` money thatnever existed in the first place.

The private,for-profit corporation called the Federal` Reserve, creates debt money out ofnothing at the` government's request, then the IRS collection agency` extractsrepayment from the people who assume they have` no other choice but to sweatand pay.

The Great Snow Jobby Barrie Konicov advocates mass` credit card and mortgage debt cancellation,on the basis that` those unlawful debts are perpetrating the fraudulent nature`of the nation's money system; a fraud that is hurling the` country towardimminent financial collapse. 27`

FRN RedemptionStrategies` Eric Madsen of TeamLaw has developed some interesting` redemption strategies for dealing with theIRS or other` government agencies who are demanding payment in` FRN’s. First,offer to pay your IRS bill with gold or silver,` and the IRS will refuse toaccept the payment of lawful` money.

In fact, it’sagainst the law for the IRS to accept payment in` gold or silver. Second,prior-dated FRN’s must be accepted` and exchanged for silver dollars at therate of Ø24 to $1` silver. 28`

Economic Sovereignty` As in all other aspects of sovereignty, we must reclaim what`we’ve lost. To be completely sovereign means reclaiming` spiritual, mental,emotional, political, economic and legal` sovereignty.

Economicsovereignty is a stumbling block for many people` who’ve lived their entirelives in debt, not having been paid` in real “money” of substance, not havingacquired assets` sufficient to be able to be truly independent and free,instead` of dependent upon the New World Order system for their` lifeblood andsupport.

The welfare andco-dependency survival patterns are` pervasive and the attitudes behind themmust be broken` with prosperity and abundance consciousness. Attitude is`everything.

If you feelunworthy of having wealth, of having choice, then` certainly you won’t. If youdon’t believe there’s plenty for` everyone, then certainly there will bescarcity and struggle.

Achieving economicsovereignty morally, ethically and via` the expression of your own talents isthe preferred method` for independence and freedom.

“The best way to help the poor is to` not be one of themyourself.”

First, assess yourpresent financial and economic condition.

Tell the truth. Behonest. Inventory your resources, talents,` skills and dreams. What motivatesyou? What excites you` enough to get out of bed in the morning and be selfmotivated.

Obligation and debtis a poor motivator.

Assess your abilityto make a contribution, your capacity to` generate a right livelihood foryourself and your family, and` to provide goods and services that are neededand wanted.

Success andachieving your goals may not come overnight. It` may take time to break the oldbelief structures and` attitudes that have kept you limited. Be patient, butstay` focused and energized on your goal — being economically` sovereign andfinancially responsible for your actions.

If you’re an“employee” with a “job” consider starting your` own business. You’ll have moreoptions for freedom working` your own business than for someone else, unlessthey’re also` sovereign-minded.

Get independent ofemployee status as soon as possible. Or` be prepared to educate your “employer”and exercise other` tax-reduction strategies.

Declare what youwant and how you'll serve. Extend an` imagination of yourself into the worldaround you and` faithfully assess what is needed and wanted, then provide it.

You must commit toaction to receive the opportunity for` manifestation.

Commit to being andliving debt-free and supporting others` to do the same.

Create a communityof family, friends and neighbors to` support this agenda.

Commit to beingjudgment proof from liens or prosecution.

There are hungry,litigious vultures out there looking to take` advantage of anyone with assetsconnected with their name` or number.

Extract yourself fromboth and live free. Slowly, carefully` and safely remove yourself from theexisting system and` replace it with another system than gives “pure mission”to` manifesting your goals and life’s purpose.

Commit toreorganizing your business and financial affairs` as quickly and wisely aspossible. Set-up and utilize foreign` entities (i.e., LLC's, CLT’s IBC's,PIF’s, SA’s), domestic, nondomestic` and offshore with the assistance of expertcounsel.

Set-up privateoffshore banking in a country with strict` banking privacy laws.

Get rid of yourcredit cards, utilize VISA debit cards, and/or` fiduciary trust accounts to dobusiness outside the` jurisdiction of the federal United States. If you sendless of` your productivity to the principle/creditors of the` government,there’ll be more to invest and allocate where` you choose.

Allocate a portionof your assets into short-term and long-term` investments. Transit from thedebt-based currency to` tangible assets (e.g., gold/silver, land, food, tools)as quickly` as possible.

Organize acommunications network for sovereign` individuals and businesses to buy, selland trade goods and` services. Organize and participate in local scrips forthe` exchange of goods and services and the development of` community-based self-reliance.Invest and establish an` asset-based solar economy with We the People ascreditors.

Let’s deregulatethe Federal Reserve monopoly over legal` tender, and create our own moneysystem for We the People.

Notes and Sources`

BANKRUPTCY`

1. Sourced fromJames Traficant, Jr. (Ohio)` addressing the House on Wednesday, March 17,`1993; United States Congressional Record, Volume` #33, page H1303`

2. Sourced fromSenate Report 93459,pp. 187,594,` under Trading with the Enemy Act of 1917,codified` 12 USC §95a; House Joint Resolution 192 of June` 5, 1933; confirmedin Perry v. US (1933), 294 US` 330-381 and 31 USC §§5112, 5119; See also Velma`Griggs, The Original 13th Amendment, Inyawe`Trust Company p.48 (Treasury of the US and every` State went bankrupt); Seealso California Assembly` and Senate adopted Joint Resolution Number 26.

3. HJR 192(suspended the gold standard).

4. Famous supremeCourt case that signaled the` change from Common law to Negotiable` InstrumentsLaw.

5. See also LimitedLiability Act, 46 USC §1851` (March 3, 1851).

6. Sourced fromAmericans Bulletin, Sep '94 p.11.

7. Sourced fromGoodbye April 15th, by Boston T.

Party, (JavelinPress, Austin, Texas, 1992, pp. 4/3-4/11).

8. Ibid. See alsoGold Reserve Act of 1934, Banking` Act of 1935.

9. Sourced fromArizona Republic, interview on April` 22, 1992.

10. Sourced fromGovernment's Liberty...Brings Death` To Freedom, p.43 (Federal Reservecreditors are` the sovereign powers).

11. Title 12 USCA§95.

12. Public Law95-147, 91 Stat. 1227 (October 28, 1977)` (all American banking institutionswere under the` control and direction of the IMF); Sourced from` JeffGanaposki, Patriot Primer #2, (Living Word, p.99).

13. Sourced fromJohn Prukop` 14. See also EO # 12278 by George Bush (Oct. 23,1991)` (FederalRegister Volume 56, No. 207, Oct. 25,` 1991, p.55195); Not absolutely certainthis is the` proper authority.

15. H.R. 1214 (May1993); See also C-Span (June 8,` 1992 at 2:30 pm).

16. Sourced fromFriendly Fire at the Fed, Business` Week (Dec. 13, 1993).

17. Sourced fromU.S. Congressional Record, Weds.,` March 17, 1993, Vol. #33, p. H1303(bankruptcy of` the federal United States documented); See also` Foreign AgentsRegistration Act of 1938, 22 USC` §286 et seq., 263(a), 285(g), 267(j), 611(c)(ii) &` (iii); Rabinowitz v. Kennedy, 376 US 605; 11 L Ed` 2d 940; 18 USC§§219, 951; Treasury Delegation` Order #91; See also Article IX §3 of theArticles of` Agreement of the IMF which has been made` effective in the UnitedStates by the Bretton Woods` Agreements, 22 USC §§286(h) et seq.

18. Sourced frompatriot researcher John Prukop,` Washington. See also: Reorganization Plan #26,5` USC §905, Public Law 94-564.

19. Sourced from 50U.S.C. §781 (summarizes` Congressional findings of necessity regarding the`control of subversive activities and the existence of` a “world communistmovement.” Read §781, and` sub-parts 6, 7, 9, 12, 13, 14, 15. 20).

20. Sourced from JeffGanaposki, Patriot Primer #2,` (Living Word, p.79).

21. U.S. GovernmentManual, 1993/1994 edition, p.390.

22. Sourced fromU.S. Congressional Record, March` 17, 1993, Vol. #33, p. H1303 (bankruptcy ofthe` federal United States documented); Sourced from` Government'sLiberty...Brings Death To Freedom,` p.43, 137 ; See also Article 30 of theConstitution` and General Regulation of Interpol; 22 USC` §263(a)(US AttorneyGeneral and Secretary of the` Treasury have pledged allegiance to foreign`principles); Sourced from Jeff Ganaposki, Patriot` Primer #2, (Living Word,pp.77-87).

23. Sourced fromThomas Jefferson.

24. Sourced fromHenry George; AntiShyster, Volume` 6, No.3, p.26. Reviewed by Estar Holmes,NANS` Fall ‘96, p.69; For those interested in the elusive` nature of thissection, see The Wall Street Journal,` Tuesday January 31, 1995, page A-18,"A Boon for` the Constitutional Bar" by Mr. Tofel; See also From`Balancing the Budget...the Facts by John William` Kurowski; review authored byDonald Lambro,` Washington Times; Brought to you by:` ralph@TeamInfinity.com; Transcribed to ASCII by the`Legislative Exchange Association.

25. Sourced fromMedia Bypass Magazine, April 1996.

26. Sourced from abrief by patriot researcher Timothy` Lee Richardson, Patriot Resource Center.

27. Reviewed byEsther Holmes, NANS, Spring ‘96, p.73; Commentary by Johnny Liberty; Available for` $14.95 fromE.L.I. Press, c/o 9392 Whitneyville` Rd. SE, Alto, Michigan. Postal Zone:49302. (616)` 891-2217.

28. Sourced fromaudio series by Eric Madsen, Team` Law.

08 Federal, Corporate United States Government is Perpetually Bankrupt (2024)

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