History of Money and Private Central Bank
Ownership by Freemason/Zionists Mafia

author: Alexander James - E-mail address
Source Portland Independent Media Center


Part 4. CONGRESSMAN TRAFICANT'S SPEECH to CONGRESS 1993
On The Fraud of the Federal Reserve.


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). 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." Un-payable 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 un-payable 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 un-payable debt, and the tyranny toenforce 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."[ IS IT ANY WONDER THAT THE "ELITE" ARE OUT TO DESTROY REP TRAFICANT? He is hitting the CFR/TC and the UN where it hurts! LMsr.] Image: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

Added by: Chester L McWhorter Sr: Forming the Federal Reserve System are the primary Federal Reserve "Banks" of: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St Louis, Minneapolis, Kansas City, Dallas, and San Francisco. These banks are not real banks..you cannot cash a check there, open an account, etc. These "banks" are also holding companies of smaller banks. In all of this discussion about income tax, we should be ever mindful of the fact that CONGRESS is the key. CONGRESS votes to spend the money. Congress gives the IRS its power. Congress gives the IRS its OWN budget. Congress is elected by the people. The IRS is A DECOY.

>>>>Disclaimer: This document may be used as you will except: If you change anything in the text, remove my name and other Ident. You may use it without my identification also if you wish...I only ask that people read it and think...think...think. Sources/Ref's if not in the text will be found on the last page of Doc 000.0.0.1 and 000.0.6. CLMsr.<<<<
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NOTE # 1: This is the FIRST doc in a string of about 37 regarding the Income Tax, How it was illegally forced upon us, the collusion of various nation banks, including The Bank of England, the Banks of Europe, the Banks of the USA that make up the Non-Government organization known as the Fed and the bankers themselves dedicated to making this a Socialist Nation. As David Rockefeller reportedly said in 1973 when he and others formed the Trilateral Commission, "We will have this a Socialist Nation by the end of the year 2000." Well, with the help of our past Communist President, he damned well nearly did it. If Comrade Gore had been elected, it would be now! The last doc in this series is a plan that was presented to President Bush when he visited Florida recently. It was put directly into his hands. He has not acted upon it. We The People must initiate a campaign of letters, faxes, e-mails, and phone calls to him and others in our otherwise corrupt government letting them know of our displeasure. For God and Country, Chet.

NOTE # 2: You may forward this to every member of Congress. Nothing beats a letter AND a phone call.

AS/Chester L McWhorter Sr, c/o 504 N. Brighton Rd, Lecanto, Occupied Florida. 34461. Ph: 352-344-9073. Fax: Same. E-mail: robertthebruce@naturecoast.net 01 of 37 100.0.0.0 Rockefeller Quote: We are on the verge of a global transformation. All we [the CFR] need is the right major crisis and the nation[s] will accept the New World Order. End Quote. David Rockefeller: Founder and Honorary Chairman, Council of the Americas; Chairman, Americas Society; Founder, Forum of the Americas; Chairman, Emeritus, Council on Foreign Relations [CFR]; Founder and Honorary Chairman, Trilateral Commission [TC]; Chairman, The Bilderbergs. [How does the 11 Sept 2001 attack upon our country figure into this?] The Bankruptcy of the United States is a 38 part document. The Bankruptcy of The United States Part 1-39

Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10

Part 11 Part 12 Part 13 Part 14 Part 15 Part 16 Part 17 Part 18 Part 19 Part 20

Part 21 Part 22 Part 23 Part 24 Part 25 Part 26 Part 27 Part 28 Part 29 Part 30

Part 31 Part 32 Part 33 Part 34 Part 35 Part 36 Part 37 Part 38 Page 39

THE SECRET OF THE FEDERAL RESERVE

IT'S TIME TO CIRCLE THE WAGONS The Federal Reserve manipulates U.S. currency, interest rates, and inflation for the advantage of its owners. Since 1998, NORFED has provided The Liberty Dollar - an inflation proof currency owned by the people, not the Federal Reserve.

The Short Road To Chaos And Destruction - An Expose of the Federal Reserve Banking System

The End of Ordinary Money, Part I:

The End of Ordinary Money, Part II

President Kennedy, the Federal Reserve and Executive Order 11110

The Federal Reserve Is A PRIVATELY OWNED Corporation "The American Dream" Fire 'em all!

Mathematic PROOF: Federal Reserve CAUSED Great Depression Part 1: Mathematic PROOF the Federal Reserve CAUSED the Great Depression. Part 2: Congressman Louis T. McFadden's famous 1932 Congressional Address. Nature and iniquitous history of the private international banks deceitfully called The Federal Reserve System. A blueprint for irreversible multiplication of debt in proportion to commerce, until world-wide economic collapse under insoluble debt. Tens of thousands of visitors voted this page a Starting Point Hotsite award, November 7, 1998. Hopefully, mathematic proof of a singular prescription for perfected economy will ultimately serve as the impetus for world-wide establishment of mathematically perfected economy. http://www.perfecteconomy.com/principal---federal-reserve-system.html

Who Owns The Federal Reserve? There has been much speculation about who owns the Federal Reserve Corporation. It has been one of the great secrets of the century, because the Federal Reserve Act of 1913 provided that the names of the owner banks be kept secret. However, R. E. McMaster publisher of the newsletter The Reaper, asked his Swiss banking contacts which banks hold the controlling stock in the Federal Reserve Corporation. The Federal System is by the way a private Corporation # 62 domiciled in Puerto Rico. The answer to who owns the Fed and by proxy the entire USA: Rothschild Banks of London and Berlin,Lazard Brothers Bank of Paris ,Israel Moses Sieff Banks of Italy ,Warburg Bank of Hamburg and Amsterdam ,Lehman Brothers Bank of New York ,Kuhn Loeb Bank of New York ,Chase Manhattan Bank of New York ,Goldman Sachs Bank of New York. In The Secrets Of The Federal Reserve, Eustace Mullins indicates that, because the Federal Reserve Bank of New York sets interest rates and controls the daily supply and price of currency throughout the U.S., the owners of that bank are the real directors of the entire system. Mullins states: "The shareholders of these banks which own the stock of the Federal Reserve Bank of New York are the people who have controlled our political and economic destinies since 1914. They are the Rothschilds, Lazard Freres (Eugene Mayer), Israel Sieff, Kuhn Loeb Company, Warburg Company, Lehman Brothers, Goldman Sachs, the Rockefeller family, and the J.P. Morgan interests."

The Federal Zone: Cracking the Code of Internal Revenue

The 545 People Responsible For All of America's Woes

IRS ~ Tax Info Government has its eye on your money !

THE IRS IS ON THE ROPES AND RUNNING SCARED!

NY TIMES: Saying Income Tax Is Illegal

AMERICAN PATRIOT FRIENDS NETWORK [ www.apfn.net & http://www.apfn.org/]

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