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Thursday, September 20, 2007

Did the USA Declare Bankruptcy?

In 1913, Congress signed a surrender treaty to the international banking cartel. Congress ceded its sovereignty to the Federal Reserve by surrendering its money printing authority. The 16th amendment sold all US citizens into slavery via the income tax. After 1913, bankruptcy was inevitable, although it wasn't formally declared until later.

Under the Federal Reserve System, the Compound Interest Paradox guaranteed that government debt would grow exponentially. Under the Federal Reserve System, the amount of dollars in circulation was greater than the amount of physical gold in the US treasury. This guaranteed an eventual default. People didn't immediately demand to exchange their dollars for gold, because they didn't understand how badly they had been cheated. It wasn't obvious until the banking crisis in 1933.

In 1929, the international banking cartel jacked up interest rates everywhere, causing a worldwide depression. The Compound Interest Paradox caused all the money to drain out of the world economy. The international banks knew about the credit crunch in advance. They stopped issuing loans before the crash and bought assets cheap after the crash.

There were secret meetings where the international banking cartel negotiated with all the major world governments. Every world government secretly declared bankruptcy. Bankruptcy treaties were ratified. The bankruptcy treaty was never formally declared to the public. Laws were gradually implemented that formalized the terms of the bankruptcy proceeding.

In 1933, President Roosevelt formally declared bankruptcy to the US public. He told them that the US government was defaulting on its promise that dollars were backed with gold. He demanded that US citizens turn over their gold in exchange for worthless dollars.

Even though bankruptcy was declared, President Roosevelt kept the US government going by executive order. The US government has been operating under marshal law since 1933, although this has been carefully kept secret from the general public.

Corporations can continue operations even though they are bankrupt. As long as enough interest payments are made to satisfy the creditors, operations may continue. Corporations can operate for years while in bankruptcy protection. As long as the creditors deem it to be in their best interests, they allow operations to continue during the bankruptcy reorganization.

Similarly, the US government has continued operations even though it's formally bankrupt. Technically, the US government has ceased to exist. Its current operations are one protracted bankruptcy proceeding. Its operations vaguely resemble its original structure, so the details of the formal bankruptcy are kept hidden. Interest payments (income taxes) are made to the creditors, so operations are allowed to continue. The US government is allowed to continue to exist with permission from its creditor, the international banking cartel.

That's the reason tax protesters are forbidden from mentioning the Constitution when defending themselves. That's the reason red market enforcers aren't required to cite the specific laws that require people to pay income taxes and disclose all economic activity to the government. In a bankruptcy proceeding, the creditors are running the corporation and making up the rules. The creditor is the international banking cartel. US citizens have to pay income taxes. That's part of the surrender treaty and bankruptcy process.

That's the reason the President, Congress, and Supreme Court are able to flagrantly violate the Constitution. The Constitution has no legal standing anymore.

A bankruptcy proceeding cannot continue forever. At some point, either the creditors convert their debt to equity or a liquidation occurs.

A conversion from debt to equity would involve a repeal of the Federal Reserve Act and a repeal of the 16th amendment. That isn't going to happen. That is the hope of Ron Paul's campaign supporters. If the creditor decides to convert his debt to equity, he will allow Ron Paul to be elected President and pass his reforms.

The purpose of Ron Paul's presidential campaign is not to convert the debt to equity. The purpose is to announce the liquidation. When Ron Paul is cheated out of the Republican nomination, it will be obvious to everyone that it is time for a liquidation. (Maybe not everyone, just those people who are smart enough to count for anything.)

The creditors of the US bankruptcy proceeding have decided that they prefer a liquidation over equity in the US government. Pretty soon, the US government is going to be denied bankruptcy protection. All world governments have declared bankruptcy and surrendered to the international banking cartel. All world governments are going to be liquidated, not just the US government.

I believe that the Supreme Leader of Humanity and the leaders of the international banking cartel have decided that it is time for the final liquidation of this bankruptcy proceeding. They are intentionally allowing the coming agorist revolution to occur, so the US government can finally be liquidated. They will allow the current system to survive until the replacement system is in place. An agorist revolution should be mostly peaceful, so there probably won't be a lot of casualties during the transition. The violence will come from red market agents resisting the liquidation.

15 comments:

Anonymous said...

It's "martial" law, not "marshal". Keep your blogs coming. I wish more people had your understanding.

FSK said...

I looked around, and the "marshal law" typo is reproduced elsewhere.

It could be more accurately described as "'whatever the judge feels like it' law" or "'whoever has the most guns' law".

Anonymous said...

They thought they were going to get our guns this year... THANK GOD... the whole situation is coming to a head...

johngeorge234 said...

Now a days it is a hot topic on world wide.What is going to happen in US about their financial status. As every knows that in US many banks are in loss.But Corporations can continue operations even though they are bankrupt.
***********************************
john
http://www.shepelskylaw.com

The Vision said...

Yes I have seen the same spelling error frequently. But it is, in fact, an error - the correct term is 'martial law', as in 'military rule'.

Other than that, excellent post! Do you list your sources anywhere?

Tony said...

Hi,

Do you have proof the United States declared bankruptcy in 1933? (I am sure it did, but I sure would like proof.)

I wrote the following in a discussion forum (cap's used for emphasis):

You can read House Joint Resolution 192 here...

http://famguardian.org/Subjects/MoneyBanking/Money/1933-HJR192.pdf

On Page 113, note:
"EVERY OBLIGATION SHALL BE DISCHARGED DOLLAR FOR DOLLAR..."

So, what does discharged mean?


Black's Law 4th Edition – discharge
"As applied to demands, claims, rights of action, incumbrances, etc., to discharge the debt or claim is to extinguish it, to annul its obligatory force, to satisfy it. And here also the term is generic; thus a debt, a mortgage, a legacy, may be discharged by payment or performance, or by any act short of that, lawful in itself, WHICH THE CREDITOR ACCEPTS AS SUFFICIENT....To discharge a person is to liberate him from the binding force of an obligation, debt, or claim.

There is a distinction between a "debt discharged" and "A DEBT PAID." When discharged THE DEBT STILL EXISTS though divested of its character as a legal obligation during the operation of the discharge. Something of the original vitality of the debt continues to exist which may be transferred, even though the transferee takes it subject to its disability incident to the discharge. The fact that it carries something which may be a consideration for a new promise to pay, so as to make an otherwise worthless promise a legal obligation, makes it the subject of transfer by assignment....

In Bankruptcy Practice

The discharge of the bankrupt IS THE STEP WHICH REGULARLY FOLLOWS THE ADJUDICATION OF BANKRUPTCY AND THE ADMINISTRATION OF HIS ESTATE. By it he is released from the obligation of all his debts which were or might be proved in the proceedings, so that they are no longer a charge upon him, and so that he may thereafter engage in business and acquire property without its being liable for the satisfaction of such former debts.



In 1933, the United States stopped paying debts, and began discharging them. This transition from debt payment to discharge followed the adjudication of its bankruptcy proceedings.



Tony

FSK said...

In 1933, President Roosevelt defaulted on the dollar and gold-redeemability of the Federal Reserve Note. President Roosevelt confiscated the gold from all US citizens. That is sufficient proof.

Ironically, the authority for the gold confiscation order came under the "Trading with the Enemy Act". Literally, President Roosevelt declared that the American people were his enemy.

If you follow pro-State troll logic, there was no bankruptcy. State parasites can make up whatever rules they want, as long as people are dumb enough to believe them and use their worthless paper as money.

The Federal government, Federal Reserve, and financial industry can print as much new money as desired to pay off their debts. The scam will collapse once people start boycotting the worthless State paper and boycotting the income tax and other stupid State laws.

Anonymous said...

Wow...don't know where to begin after reading so many flawed arguments.

FSK, ...nvm wow i think I'll just leave and save myself some time...you really need to check your arguments...and information. Wow.

dionysusal said...

>I believe that the Supreme Leader of Humanity and the leaders of the international banking cartel have decided that it is time for the final liquidation of this bankruptcy proceeding. They are intentionally allowing the coming agorist revolution to occur, so the US government can finally be liquidated. They will allow the current system to survive until the replacement system is in place. An agorist revolution should be mostly peaceful, so there probably won't be a lot of casualties during the transition.

I hope you're right, dude. I really do. But I suspect it will be far from an orderly transition and that agorism will come about only out of sheer survival necessity.

Anonymous said...

FSK said...

"In 1933, President Roosevelt defaulted on the dollar and gold-redeemability of the Federal Reserve Note. President Roosevelt confiscated the gold from all US citizens. That is sufficient proof."

I'm sorry...it is not, for me.

I would like to see the documentation, the contracts.

After all, if we're under UCC (contract law), there would be.... contracts.

FSK said...

I don't know what Anonymous is smoking. President Roosevelt did really declare gold ownership illegal in 1933. That's part of official State-sanctioned history.

The free market didn't discredit the gold standard. Government violence forced people to forfeit their gold and stop using gold as money. In the present, taxes and regulations make it illegal to use gold and silver as money.

Sheila said...

FSK:...since your post("Did the USA declare Bankruptcy?"),the ground underfoot has become very shaky ground.The events occurring are like something out of the "twilight zone", what to do,what to do...hey man, thars a gale aheadn' our way, be awares... Thanks!!! Watch "Obama the deception" WHEW!!!

Anonymous said...

gold in itself is not money. money is whatever people agree money is. could be see shells or paper. Its just a token that records a transaction. when you give me a peice of gold I become your creditor and you my debtor. when i spend it the seller becomes my creditor and i his debtor. the "money" people save is essentially credit/debt. depending which side of the transaction you are on. the government is no difffernt. It creates a tax to give its money value. If it didn't do this nobody would use it. gold has value in itself but it is subject to the same rules.

Cristian Cambiazo said...

Does anyone know what the details of the bankruptcy are for Canada? I can recall coming across this information but have been unable to find it again. If anyone can point me in the right direction I would be much obliged.

Anonymous said...

How do we let this crap go on??? How much more abuse will American citizens stand for????
Enough is enough, everyone needs to get their head out of the sand!!!!

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