The Bankruptcy of The United States

United States Congressional Record, March 17, 1993 Vol. 33, page H-1303 (excerpt)

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.

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