Is the country bankrupt?
Roosevelt declared it so by Executive Orders 6073, 6102, 6111, and also by EO 6260 on March 9, 1933 (as proclaimed under the "Trading With the Enemy Act of 65th Congress, Oct. 6, 1917, and as codified at 12 U.S.C.A. 95a, which allows the President exceptional control under a "state of emergency")
On April 5,1933, FDR issued this EO: "All persons are required to deliver on or before May 1, 1933 all gold coins, 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." (see pres. proclomations 2038,2039, 2040 of March 6-9, 1933)
"The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U. S. since the days of Andrew Jackson." -- Pres Franklin D Roosevelt in a letter to Col Edward Mandell House.
President Wilsons most trusted aide, Col. House (Communist Party Official, full time Spy for Russia and known as such to Wilson, FDR, the FBI, the State Department, & others), 23 November 1933. President F. D. Roosevelt had his own most trusted aides, Mr Harry Hopkins, and Mr Alger Hiss, who ironically were well known to the US State Dept, FBI, Members of Congress, and others as full time members of the Communist Party of the USA and a spy for Russia! Well known and tolerated and consulted on policy matters! Why?
In 1942 Democrat Congressman Martin Dies, head of the Special House Committee on Un-American Activities back in the 30's took his list of discovered Communists who where in our Federal Govt at that time, to President Roosevelt and gave the list to him, entreating him to do something about the Communists in office. President Roosevelt responded with: "I have never seen a man who had such exaggerated ideas about this thing. I do not believe in communism anymore than you do but there is nothing wrong with the Communists in this country; several of the best friends I've got are Communists." M. Dies continued his fight against Communist infiltration until 1944 when facing a "purge" by FDR he withdrew from the 1944 Democratic primary in Texas. {Well so much for tackling FDR}. On June 5, 1933, Congress confirmed the bankruptcy. (through the "Joint Resolution to Suspend The Gold Standard And Abrogate The Gold Clause, June 5, 1933"). This was HJR 102, 73rd Congress, 1st session. Then, through another EO issued by President Johnson in 1968, silver backing was removed from our currency. This made the country insolvent. There is nothing backing our currency now, no gold, no silver, no platinum, no Nuclear waste products, no nothing. You will note on your older paper money the logo of the Federal Reserve System, and therein it identifies which bank backs that bill, i.e., Bank of Philadelphia, Bank of Chicago, Bank of New York, Bank of St Louis. On the newer bills you will see a new logo that states simply "The Federal Reserve System". Backing? The FED issues currency no longer redeemable for gold or silver.
Furthermore, the FED is not a government institution. You will never find them listed in phone directories under "government offices". It is a private business commercial corporation owned by approximately 300 Class A stockholders. These people own the FED by owning the stock of the largest member banks in the New York Federal Reserve Bank, which, for all practical purposes, is the Federal Reserve. You will not find one government employee among them. The controlling interest is held by less than a dozen international bankers, whose names, until recently, was one of the best-kept secrets of international finance:
1. Rothschild Banks of London & Berlin.
2. Lehman Bros. Bank of N.Y.
3. Lazard Bros. Banks of Paris
4. Kuhn, Loeb Bank of N.Y.
5. Israel Moses Sief Banks of Italy.
6. Chase Manhattan Bank of N.Y.
7. Warburg Bank of Hamburg & Amsterdam.
8. Goldman, Sachs Bank of N.Y.
The most influential of the European interests is the Rothschild family in London. Each of the American interests is, in various ways, connected to this family, including the Rockefeller's, who are by far the most powerful of the Fed's American stockholders (primarily through the Chase (Manhattan) Bank)). The Chase National Bank of NA and the European branch in Paris were financing the Nazi war machine until 1939 when President Roosevelt issued an executive order freezing all Nazi assets in the United States, and making it a criminal offense for any business in the United States, including banks to do business with Nazi Germany. Mr Henry Morganthau was the Secretary of Treasury under Pres. Franklin D Roosevelt and Pres. Harry Truman during WW II. At the end of the war, he traveled to Paris, France and met with Mr McClintick who was the head of the Paris Office of the Chase Bank which was allowed to continue operations during the war by the NAZI's. During this meeting Mr Morganthau was presented with documentary evidence proving that the Chase Bank, The Bank of England, and The National Bank of Basil, Switzerland financed the German war effort and made many millions of dollars just in interest alone from the manipulation of NAZI loot. Greed knows no limits.
Thomas Jefferson issued this warning: "if the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
The FED, like other central banks, uses a system called "fractional banking." Deposits become the "fraction", allowing the system to "create" as much as 770% of that deposit: i.e.: a $1,000 deposit becomes approximately $7,700 a $10.000 deposit becomes approximately $77,000 in "assets". In addition, examine the "amount due" on your property tax statement: Generally speaking, you will not find a dollar sign affixed to that final payment "amount". Furthermore, the use of the $ sign is missing on virtually all financial statements from virtually all businesses.
The way it works is that "I" put $10,000 in an account, and issue out $77,000 in "Federal Reserve Notes" knowing full well, that they will never come back enough at one time to deplete the $77K. But here is the problem, there's nothing to back up the $77K, it does not exist. The FED issues paper & coin money (printed and stamped by US mints) without anything of value backing it up.
This financial maneuver smells much like the illegal pyramid scam we see lesser individuals going to jail for, doesn't it? This fractional banking method has been employed by the banks for nearly a century, off and on. Why? The Currency Act of 1792, which has never been repealed, defines a dollar as 412.5 grains of 9/10 fine silver (originally 371.25 grains of 11/12 fine silver). Federal Reserve Notes are not redeemable in silver. To affix a dollar sign to the "amount due" would be fraudulent.
The bankers know this and you have not known it.
Article I, Section 8, Clause 5 says that only Congress has the power to..."coin money, regulate the value thereof..and fix the standard of weights and measures." Article I, Section 10, Clause 1 says that No State shall ... make anything but gold and silver coin a legal tender in payment of debts..."
The Federal Reserve operates in violation of the Constitution.
(Additionally, be certain to check Black's Law dictionary for the March 6, 1933 definition. It specifically states that the banks are granted authority to operate, but only under the emergency of war issued by the president in 1933, and authorized by Congress.)
Since Col. House helped establish the Federal Reserve Act, and believed in socialism, is the central bank concept Marxist? Plank 5 of Karl Marx's Communist Manifesto reads: "Centralization of credit in the hands of the State, by means of a national bank with State capital, and an exclusive monopoly." Communist Manifesto by Karl Marx. Col House also knew, that in addition to controlling a nation's monetary system, a method of taxation had to be established, and in 1913, the 16th Amendment was illegally certified as ratified, and then passed. This graduated income tax was hailed by proponents as a "tax on the wealthy" (sound familiar?). A TAX on the Wealthy! HHHhhmmmmmm! We still hear this today from the Socialist Democrats!
However, nothing could have been farther from the truth. As with the passage of the Federal Reserve Act, "Big Business" and the Wall Street bankers publicly denounced, but privately funded its promotion and passage. Why? Through their influence in government circles, they insured the necessary loopholes in the bill were included - tax-exempt foundations. By the time the 16th Amendment was "passed", they had already established the Rockefeller and Carnegie Foundations.
Their wealth was allowed to compound tax-free while their competitors were saddled with tax burdens. The Amendment also allowed Congress to increase and broaden the tax on the general public. Until 1929, the size and cost of the Federal government was Constitutionally limited: it borrowed little money and paid little interest.
The United States has almost always been controlled by the effects of private banking, since the very first bank of the united states opened under Hamilton's hand and with the help of his wealthy european bankers.