The 1933 Bankruptcy of America

Nearly four score and seven years ago this nation declared bankruptcy. I have tried the last few years to get friends and family to understand the implications of this. My efforts have been largely in vain.

The concepts of the nature of money itself (and wealth creation) are foreign to most people. Under the present circumstances why would it be otherwise? These concepts were not alien however to those who wrote our founding documents. These men understood instinctively and intellectually that money, and the wealth it represents, must always be intrinsically real. They institutionalized this into the foundation of the Republic they created. Only the Congress was allowed to create money, and the conditions under which they were allowed to do so were exactly known. This wasn’t by accident. It was of paramount importance to men who were creating a new nation and a largely new paradigm – that enlightened men might govern themselves.

The Founders also knew the nature of the dispensation of power. They understood the goodwill and good faith that may emanate from those in whom power was entrusted, but, more importantly, they understood the tendency for power to corrupt. It was for this reason that much of what they drafted was to restrain this power, not enhance it.

This post will not attempt to define the nature of that power. It will only attempt to establish that the Federal government of the United States, legally or illegally, acting only in its own interest (and that of other private parties), did in fact declare bankruptcy in 1933, and that we have been operating under a bankruptcy receivership ever since. This is a known fact, strangely hidden and never spoken about.

It was not coincidental that this was only 20 years after the passage of the Federal Reserve Act which gave control of the nation’s money supply to international bankers. The Secretary of the US Treasury works not for the American people, but for a Cartel of European Bankers. Again, this is a simple fact, although one to which the majority of US citizens are purposely and woefully unaware.

Social Security is part of this. What people fail to understand however is that it is NOT about security for the people – it is about security for the bankers. The people have literally been pledged as collateral for the national debt. This is bondage. This is slavery. You have unwittingly agreed to this in any number of ways.

“Never in my whole life did I swear allegiance to him.” — Sir William Wallace, in the movie Braveheart

Try today to take your newborn baby from the hospital without it first having been issued a Social Security number – and having blood (DNA) drawn and recorded. This is not conspiracy, it is Twilight Zone… and it is creepy. Did you agree to pledge your child as human collateral to a secret cabal? Of course you didn’t, not intentionally at least, but according to those who deal in legalese you did. This is trickery, and witchcraft. It is unholy.

So who is this Cabal? Much of this site is devoted to figuring that out. It takes time, and you have to be willing to open your eyes and mind. If we are earnest in our goal we may be required to let go of cherished dogmas, and suspend long-held beliefs. Our search may take us anywhere. We can only hope to do so with a pure heart, and trust that the true God of the Universe – whoever or whatever God is – is indeed not a God of chaos.

The following is from the United States Congressional Record, James Traficant (of Ohio), addressing the House of Representatives on 17 March, 1993 Vol. 33, page H-1303 (note that Traficant wound up in federal prison not long afterwards on charges of ‘corruption’)…

“Mr. Speaker, we are here now in Chapter 11 [Bankruptcy]. 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). Whenever 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 to enforce 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.”


  1. Still had a couple of pages open in my browser that accompanied this post. This was at the bottom of one of them…

    In 2002, Traficant was indicted on federal corruption charges for taking campaign funds for personal use. Again, he opted to represent himself, insisting that the trial was part of a vendetta against him dating to his 1983 trial. On April 15, he was convicted of 10 felony counts including bribery, racketeering, and tax evasion. In order to get a conviction the prosecution refused him witnesses, made deals with men who committed more serious crimes for their testimony and as one witness now admits, goaded false testimony out of their witnesses.

    In March 2004, the Federal Bureau of Prisons moved Traficant to the Federal Correctional Institution, Ray Brook. As of July 2007, the Federal Bureau of Prisons listed Traficant at the Federal Medical Center, Rochester, MN, an administrative facility providing specialized mental health services. Traficant has taken up artwork while in prison.

  2. Have attached a comment I had made on another post. Added here for reference…

    I wanted to add a couple of links here for further review or refutation…

    The Bankruptcy of America – 1933 | AntiCorruption Society

    The “U.S. Government” Went Bankrupt in 1933 and is No Longer a Republic

    I have not yet thoroughly read either one, but will let them serve as a foundation for future discussion.

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