Why A Bankrupt America
- From: Raymond <Bluerhymer@xxxxxxx>
- Date: Thu, 27 Jan 2011 16:45:32 -0800 (PST)
Why A Bankrupt America
The Fed violates your 13th Amendment rights and since the Fed is
privately owned, our Congress does not have the power to enforce an
---- abolish it.
Compiled by Project '93
This stand-alone document was created by a Denver area patriot
without the permission of anybody... consider it PatriotWare
The American Patriot Movement
We the People, united in cause:
To Protect and Preserve The Constitution of The United States of
Sharing & Networking The Truth!
Read, Learn and Pass it on...
Ever wonder why...
"How come the national debt just keeps going up and up, and UP...?"
- We Know why! and it's not what you've been told...
WHY A BANKRUPT AMERICA?
The Truth, The Solution
Dear Concerned American:
You know something is wrong in this country. You wonder why the
national debt keeps going up instead of down, despite the bushel
barrel trillions of dollars spent on this debt. You wonder why more
and more taxation keeps producing more and more unemployment and
deficit instead of the other way around. Why?
By reading this booklet, you will discover that the Federal Reserve
System (the Fed) is privately owned and receives no funding from the
U.S. Congress (Lewis vs. U.S. 680 Federal Reporter, 2nd Series, page
1240).What exactly does this mean? Chapter One of this booklet spells
it out in plain language.
By reading this booklet, you will discover that there is no law either
enacted by the U.S. Congress or contained in the U.S. Constitution
that authorizes a personal income tax. Yet, tens of thousands of
Americans have lost their homes, lost their businesses and been thrown
in jail for a law that does not exist. Do we even need a personal
income tax? No. Chapter One of this booklet spells it out in plain
Chapter Two of this booklet defines three of the mechanisms currently
in place which are directly tied to the Fed and the personal income
tax. Every American in this country deserves to know the truth that
has been withheld and that a solution and a game plan exist. Chapter
Three of this booklet provides an instrument (petition) by which We
the People can once and for all bring a sensible solution to our
economic woes in America. We can begin putting our people back to work
and cleaning up the corruption which currently exists in Washington,
This is an American Patriot movement not meant to promote any
political party or agenda, only to expose the truth. You don't have to
join any club organization or send in money for any annual membership.
Project '93 is a First Amendment grassroots organization, period. We
are not affiliated with any group, club, or organization, nor does
Project '93 purport to be in the position to give legal advice on the
Internal Revenue Service. Scams of money-making schemes that enjoin
Project '93 do so in a fraudulent manner. Project '93 is a movement,
by, of, and for Americans. This is not more talk - this booklet brings
action. There is no hidden agenda in Project '93.
Please read through the booklet. There are references following
Chapter Two. The Petition for Redress of Grievances to the U.S.
Congress is our only legal weapon to correct this travesty against We
the People. This is no ordinary petition, as you will see.
Introduction Chapter One
The biggest Fraud in America's History
Exposing The Fraud
Let's begin with this mysterious entity known as the Federal Reserve
Banking System. This entity is not part of our government. It is
privately owned by a select group of private banking cartels. Its
express purpose is to fleece the American people by stealing our money
under the pretext of a central banking system which calls itself
The U.S. Constitution, Article 1 ¤ 8 states: "The Congress shall have
Power To... coin Money, regulate the value there of..." This authority
is vested only in the U.S. Congress. On April 19, 1982, the U.S. Court
of Appeals, Ninth Circuit Court, ruled that the Federal Reserve Banks
are privately owned, locally controlled corporations (Lewis vs U.S.,
~Supra as mentioned above).
Let us examine in the words of several knowledgeable, credible
individuals just how this system really works:
Chairman Louis T. McFadden of the House Banking and Currency
Committee, addressed the House on June 10, 1932:
"Some people think the Federal Reserve Banks are U.S. government
institutions. They are not government institutions. They are private
credit monopolies which prey upon the people of the U.S. for the
benefit of themselves and their foreign and domestic swindlers, and
rich and predatory money lenders."
75 Congressional Record 125950-12603
In a speech delivered before the Washington Chamber of Commerce in
1921, William P.G. Harding, Governor of the Federal Reserve Board,
"From a legal standpoint these banks are private corporations,
organized under a special act of Congress, namely, the Federal Reserve
Act. They are not in the strict sense of the word Government banks."
"If Congress has the right under the Constitution to issue paper
it was given them to be used by themselves, not to be delegated to
individuals or to corporations."
President Andrew Jackson
At 6:00 p.m., on December 23, 1913, while Congress was out of session,
three Senators took it upon themselves to, by voice vote, pass the
Federal Reserve Act of 1913. These three individuals handed over
America's future and our economic system to a handful of private
domestic individuals and foreign banking interests. Our Founding
Fathers would have shouted, "Treason!" This special act by Congress in
1913 is in direct violation of the 16th Corpus Juris Secundum, Section
141, which states that Congress cannot delegate or sign over its
authority to any individual, corporation or foreign nation. Yet that
is exactly what occurred in December of 1913 by a select group of
individuals in the U.S. Congress. That special act was the biggest
fraud in the history of this country.
It is mathematically impossible to pay off the national debt. In
examining the origin of money under this central banking system,
according to William H. Ferkler, Manager of Public Affairs at The
Department of Treasury, Bureau of Engraving & Printing in Washington,
"As we have advised, the Federal Reserve is currently paying the
Bureau approximately $23 for each 1,000 notes printed. This does
include the cost of printing, paper, ink, labor, etc. Therefore,
10,000 notes of any denomination, including the $100 note would cost
the Federal Reserve $230. In addition, the Federal Reserve must secure
a pledge of collateral equal to the face value of the notes."
The Federal Reserve, by printing these notes into existence at a total
cost of $230 to the Federal Reserve, this banking cartel - not the
government of We the People - thereby obtains a pledge of collateral
equal to their face value, namely $1 million. This pledge is made to
the Reserve cartel by Congress, and the collateral which Congress
pledges is the land, labor and assets of the American people. What a
racket! We rent funny money from the private Fed that is so debt
laden, we can never have a balanced budget or pay off this rent, even
if we all lived to be one million years old!
This private entity (the Fed) was incorporated in 1914 and has been
slowly but surely driving our nation into our current state of
bankruptcy. Simply stated: The Fed creates money as debt. The Fed
creates money out of thin air. This is accomplished at the stroke of a
pen when the members of the Federal Reserve System make loans to the
government, to the banks, to businesses and to individuals. This debt
money is the money supply.
The Federal Reserve System's banks charge usury on the created debt
money. We American citizens are obliged to repay this debt money plus
the usury, However, the money to pay the usury on the debt is never
created within the system. Loan repayments to banks reduce the money
supply. To keep the money supply from shrinking, more borrowing is
necessary. It is mathematically impossible to pay off the aggregate
debt principle plus the aggregate usury.
In a futile attempt to avoid the day of reckoning, borrowers are
forced to take on increasing amounts of debt to pay usury. This
escalates debt at an exponential rate until borrowers are forced into
bankruptcy. Individuals, companies and governments are caught in this
same trap. The related consequences are: involuntary unemployment,
inflation, huge usury rates and the calculated loss of our inherited
freedoms and property.
In 1933, the United States first declared bankruptcy, as expressed in
Roosevelt's Executive Orders 6073, 6102, 6111, 6260. This information
is also confirmed in House JR 192 of June 5, 1933, and in Percy vs.
U.S., 294 U.S. 330-381, 79 L.Ed. 912 (1935), and in 31 U.S.C. 5112,
2119 and 12 U.S.C. 95a.
The bankrupt U.S. went into receivership. In 1913, America was turned
over, via receivership, and reorganized in favor of its creditors -
the bankers - a handful of criminals. Recorded intent from the
beginning was to plunder, bankrupt, conquer, and enslave the plum of
the free world - America - into their New World Order.
Again, on March 17, 1993, James Trafficant, Member of Congress, stated
in the Congressional Record, at page 1303H: "Mr. Speaker, we are now
in Chapter 11."
We should the heed the wise words of Daniel Webster:
"A disordered currency is one of the greatest political evils. It
undermines the virtues necessary for the support of the social system,
and encourages propensities destructive to its happiness. It wars
against industry, frugality and economy, and it fosters evil spirits
of extravagance and speculation. Of all the contrivances for cheating
the laboring classes of mankind, none has been more effectual than
that which deludes them with paper money..."
Congressional Record, March 4, 1846
This is what we now have, and if We the People don't force Congress to
rectify the matter, the whole house of paper money is going to fall
down around our heads in a few short years. The ultimate mathematical
equation is complete and total bankruptcy for all but the elite few.
Tens of thousands of Americans have been begging Congress after
Congress to stop this fraud for over 30 years. All we have received is
more and more taxation to fee this monster and the debt it creates.
Lewis T. McFadden, Chairman of the House Banking Commission and Member
of Congress, speaking about the international financial conspirators
during the very time they were taking over the monetary control of
"We have in this country one of the most corrupt institutions the
world has ever known. I refer to the Federal Reserve Board and the
Federal Reserve Banks, hereinafter called the Fed. They are not
government institutions. They are private monopolies which prey upon
the People of the United States for the benefit of themselves and
their foreign and domestic swindlers; rich and predatory
- McFadden died mysteriously in 1936 after three attempts on his life.
George W. Malone, U.S. Senator from Nevada speaking before Congress in
1957 alluded to the families that secretly own the Federal Reserve
Bank and control the finances of the United States:
"I believe that if the people of this nation fully understood what
Congress has done to them over the past 49 years, they would move on
Washington, they would not wait for an election... It adds up to a
preconceived plan to destroy the economic and social independence of
the United States."
By the year 1995, 100% of every federal income tax dollar you are
coerced to pay will go just to service the interest on the national
debt. It cannot be done!
"The actual deficits are almost twice as large as those admitted by
the government. So why hasn't our economy collapsed? Because the
American people still have confidence in 'the system.' The heart of
the system depends on borrowing to fund the budget deficits each year.
The interest on a $3 trillion debt amounts to $240 billion annually,
or about 40 percent of all personal income taxes paid. When the debt
swells to $20 trillion, in nine years or so, the annual interest will
be $1.6 trillion, or about 200 percent of all personal income taxes
projected for that year (at a 33 percent rate)."
Larry Burkett, The Coming Economic Earthquake, pg. 90
We have yet to pay on dime toward the principal of this alleged debt.
Because of the modern banking miracle of compounding interest, this
debt continues to rise unabated. Whose debt is it, anyway? Is this
what you work your fingers to the bone for - to pay usury to a private
group of bankers who make up the Fed? Some of its stockholders are
identified as Rothschild's of London and Berlin; Lazard Brothers of
Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany;
and the Lehman Brothers, Goldman, Sachs, and the Rockefeller families
of New York. They are a consortium of private international banking
families and their stockholders!
The Federal Reserve System takes in roughly one trillion dollars
yearly ($1,000,000,000,000.00). Yet, a manipulated and cowardly
Congress gives them special exemption from paying any taxes on their
illegally obtained income. They pay only real estate taxes while we
pay to make them rich beyond your wildest imagination, and Americans
slide further and further into personal bankruptcy and despair.
The Fed violates your 13th Amendment rights by placing We the People
into involuntary Servitude. By forcing us to use an illegal medium of
worthless currency, indebted with interest that can never be paid
back, we are placed into involuntary servitude to these private
individuals who own the Fed and its branch banks.
"This Act establishes the most gigantic trust on earth. When the
President signs this Act the invisible government by the Money Power,
proven to exist by the Money Trust Investigation, will be legalized.
The new law will create inflation whenever the trusts want inflation.
From now on depressions will be scientifically created."Charles A. Lindberg, Sr. at the time of the
passage of the Federal Reserve Act in 1913.
The Federal Reserve System was Planned in Secrecy.
"Despite my views about the value to society of greater publicity for
the affairs of corporations, there was an occasion, near the close of
1910, when I was as secretive (indeed, as furtive) as any
conspirator... our secret expedition to Jekyl Island as the occasion
of the actual conception of what eventually became the Federal Reserve
Frank Vanderlip, The Saturday Evening Post,
February 9, 1935, page 25.
Colonel Edward Mandell House, chief architect of the Council on
Foreign Relations and author of a book advocating "socialism as
dreamed by Karl Marx" is also characterized as "the unseen guardian
angel" of the Federal Reserve Act, according to House's biographer
Charles Seymour in "The Intimate Papers of Colonel House."
As a matter of fact, On November 23, 1933, FDR, in a letter to House,
"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. History depicts Andrew Jackson as
the last truly honorable and incorruptible American President."
The Federal Reserve is Independent in its Operations.
"Neither Presidents, Congressmen, nor Secretaries of the Treasury
direct the Federal Reserve. In the matters of money, the Federal
Reserve directs them."
Gary Allen, None Dare Call It Conspiracy.
"In the United States we have, in effect, two governments... We have
the duly constituted Government... Then we have an independent,
uncontrolled and uncoordinated government in the Federal Reserve
System, operating the money powers which are reserved to Congress by
Congressman Wright Patman
The Federal Reserve is a Government Granted Private Monopoly.
"By law, the seven members of the Federal Reserve Board are appointed
by the President for a term of fourteen years each. In spite of the
incredible length of these appointments, nevertheless, they are
supposed to create the illusion that the people, acting through their
elected leaders, have some voice in the nation's monetary policies. In
practice, however, every President since the beginning of the Federal
Reserve System has appointed only those men who were congenial to the
financial interests of the international banking dynasties. There have
been no exceptions."
G. Edward Griffin, The Capitalist Conspiracy, page 17.
Henry Ford, founder of the Ford Motor Company, commenting on the
privately owned Federal Reserve scam:
It is well enough that people of the nation do not understand our
banking and monetary system, for if they did, I believe there would be
a revolution before tomorrow morning."
The Federal Reserve Has Never Been Audited.
"In its 60-year history, the Federal Reserve System has never been
subjected to a complete, independent audit, and it is the only
important agency that refuses to consent to an audit by the Congress'
agency, the General Accounting Office... GAO audits of the Federal
Reserve will, moreover, fill the glaring gap that now exists in our
information about the Fed's activities and programs. As things now
stand, the only information that we get on programs of the Fed is what
the Fed itself wants us to have."
Congressman Wright Patman
Congressional Record, May 5, 1975.
Ask yourself: How can an alleged agency of the federal government of
the United States operate for 80 years without ever being audited?
Simple. Since the Fed is privately owned, our Congress does not have
the power to enforce an audit.
In the September 15, 1993, edition of The Wall Street Journal, Milton
Friedman, Nobel laureate in economics and research fellow at the
Hoover Institute on the Fed: "...my 'extreme' proposal is to abolish
What is Money?
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