The Bankruptcy of The United States

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."

[end quote]

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?'

United States Congressional Record May 4, 1992, page H 2891, Senator and Chairman of the House of Representatives Committee on Banking, Finance and Urban Affairs, Senator Henry Gonzalez (Texas) speaking on NATIONAL AND INTERNATIONAL THIEVERY IN HIGH PLACES: 'We are bankrupted. We are insolvent on every level of our national life, whether it is corporate, whether it is just plain you and I out there with the life of debt that we have all piled up, private debt, credit cards and what not or whether it is the government. We are insolvent. How long will it take before that nasty Mega-truth is conveyed?'

United States Congressional Record January 19, 1976, page 240 Marjorie S. Holt (Maryland): 'Mr. Speaker, many of us recently received a letter from the World Affairs Council of Philadelphia, inviting members of Congress to participate in a ceremonial signing of 'A Declaration of INTERdependence' on January 30 in Congress Hall, adjacent to Independence Hall in Philadelphia. A number of Members of Congress have been invited to sign this document, lending their prestige to its theme, but I want the record to show my strong opposition to this declaration. It calls for the surrender of our national sovereignty to international organizations. It declares that our economy should be regulated by international authorities. It proposes that we enter a 'New World Order' that would redistribute the wealth created by the American people. Mr. Speaker, this is an obscenity that defiles our Declaration of Independence, signed 200 years ago in Philadelphia. We fought a great Revolution for independence and individual liberty, but now it is proposed that we participate in a world socialist order. Are we a proud and free people, or are we a carcass to be picked by the jackals of the world, who want to destroy us? When one cuts through the high-flown rhetoric of this 'Declaration of INTERdependence,' one finds key phrases that tell the story. For example, it states that 'The economy of all nations is a seamless web, and that no one nation can any longer effectively maintain its processes of production and monetary systems without recognizing the necessity for collaborative regulation by international authorities.' How do you like the idea of 'international authorities' controlling our production and our monetary system, Mr. Speaker? How could any American dedicated to our national independence and freedom tolerate such an idea? America should never subject her fate to decisions by such an assembly, unless we long for national suicide. Instead, let us have independence and freedom....If we surrender our independence to a 'new world order'......, we will be betraying our historic ideals of freedom and self-government. Freedom and self-government are not outdated. The fathers of our Republic fought a revolution for those ideals, which are as valid today as they ever were. Let us not betray freedom by embracing slave masters; let us not betray self-government with world government; let us celebrate Jefferson and Madison, not Marx and Lenin?

A dollar is a measure of weight defined by the Coinage Act of 1792 and 1900 which is still in force today. A 'dollar' specifies a certain quantity, 24.8 grains of gold, or 371.25 grains of silver. In Black's Law Dictionary, sixth Edition, Dollar: 'The money unit employed in the United States of the value of one hundred cents, or of any combination of coins totaling 100 cents?' Cent: 'A coin of the United States, the least in value of those now minted. It is the hundredth part of a dollar?'

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.' Unpayable 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 unpayable 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 unpayable 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."

Finding Congressional Record:
Click Here
First Thing: Click on 103rd Congress.
1. Word/Phrase: Chapter 11
2. Member of Congress: Traficant, James A. Jr. (D-Oh.)
3. Check "House Section"
4. Date - From: 03/17/1993 Through: 03/17/1993
5. Click "Search"
6. Click on link "Providing for Consideration of House Concurrent Resolution 64, Concurrent Resolution on the Budget, Fiscal Year 1994 House of Representatives - March 17, 1993.
7. Click on "H1303"

The Bankruptcy of the U.S.

Congressman McFadden's Speech On The Federal Reserve Corp. - 1934 - Congress

The Evil Genius of Withholding - Insight Magazine

Gold and Economic Freedom - Alan Greenspan

The U.S. National Emergency

"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."
David Rockefeller - Baden-Baden, Germany 1991

Grace Commission says 100% of personal income tax pays the interest on the national debt and not one nickel to the government

The United States is Bankrupt

Is Balanced Budget A Scam?

Federal Debt - Dr. Arthur Raymond - Economics


The Public Debt To The Penny

The Public Debt


At the bottom of the "How Congress spends your money" chart there is a statement: "Off Budget (separate source of funding from Federal Budget)". That is plain and simply HOGWASH. BS for those of you in Rio Linda.

General revenue is already being used to pay the interest on the funds that have been borrowed from the Social Security trust fund. In order to meet the benefit payments starting in about 2013, general revenue will also have to be used.

Certainly if one discards the facade of environmentalism, the federal land grab followed by the transfer of certain national assets to the control of international agencies acting as trustees fits the model of a government re-collateralizing its foreign obligations.

If one believes the figures given in the 1040 booklet, our government is unable even to meet the interest payments on the national debt. That has to be a concern to those parties holding that debt. Coupled with that concern is the awareness that Americans resent the high degree of taxation needed to repay loans borrowed without their consent, and are likely to resist quite strongly further attempts to raise taxes.

One thing is clear. If we are to believe the US Government, we are failing to meet even the interest payments on the national debt. Despite the looting of Social Security trust funds to create the illusion of a budget surplus, the national debt continues to climb. One does not need an advanced degree to appreciate that left unchanged, the situation is hopeless.

It is here that the drawback to our political system's terms becomes obvious. Few elected officials think beyond the end of their term. Their decision making is usually limted to what looks good for the present. Each administration and each Congress is well motivated to conceal the true scale of the problem from the people long enough to make it the next administration's/congress's problem. Meanwhile, the tax money keeps rolling in. Once the situation is admitted to be hopeless, the public wll simply decide that rather than go on throwing good money after bad, it's time to hit the reset button.

But by far the most troubling aspect of a government already functioning in bankruptcy mode is that it has no choice but to go on squeezing money out of the public and giving little back for it. And as the crises worsens, the squeezing worsens. It's no surprise that the government is out to grab the guns, even though doing so will increase the crime rate. Once the guns are gone, the squeezing will accelerate, until no more squeezing is possible and the whole thing falls apart, as happened in the USSR.

The end result will still be the same, but along the way, our children will be little more than slaves, shackled to a debt not of their own making.

Since 1960, American taxpayers have paid out 15 TRILLION dollars in interest payments on the National Debt.

That money is gone forever, doing us all about as much good as if we flushed it down the sewer (which being fiat money is about all it's really good for anyway).

The current federal debt is about six trillion. But that's only part of the problem. To service the debt to date, the federal government has had to cut back on state entitlements. This forces the states to brow more money to meet their obligations, and of course they must increase taxes to their citizens to repay those loans. The federal government has concealed the true state of its indebtedness by transferring most of it onto the states. Total debt by all levels of government is estimated at 14 TRILLION dollars. Your share MINUS interest is about $50,000.

In order to balance the budget, the federal government has taken to "borrowing" from the Social Security trust fund. But if it is having to borrow during what are supposed to be grat economic times, just when will the government ever be able to pay it back?

The signs are clear. The government is on the verge of finncial collapse and until it can disarm the public cannot raise taxes, so it loots your retirement funds to stay in power just a bit longer.

This is a no-win situation. No matter how hard we work, no matter how much we sacrifice, no matter how much money is taken from us, the debt is beyond paying. We're being taxed to death for no other purpose than to delay the inevitable crash while those in power party on a bit longer.

The Social Security Siphon

The World Money Powers.

Tax Freedom Day – the day when the average American stops working to put money into government coffers and starts working to put money in the family budget. I believe it fell on May 11 this year. If one factors in regulation and every bit of all the hidden taxes it's somewhere into late June or early July I believe. That's the latest date ever. That means that the average American works 131 days into the year just to pay the tax bill to federal, state and local governments. You're right, that's SLAVERY! That represents everything the Founders fought and died for. I have been trying everything I can to fight the socialist/communist elements that think my money is theirs. Any ideas on planning their defeat? Lately, I've been oiling my gun and braiding rope, but I am a reasonable guy. 8-)

Michael, I believe this is true. What do you think?

"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which through a complex series of steps the banks accept in place of tangible assets and then treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." - Alan Greenspan - Capitalism - Gold and Economic Freedom - Ch. 6 - November, 1967

Michael New - The Story Begins Here

Test your NWO I.Q © 1999, Daniel New
Permission to reprint is granted.

Test your NWO I.Q.

Daniel D. New

    Readers of the internationalist magazine, Foreign Affairs, read this statement by Arthur Schlesinger, Jr., a few issues back:

“In the United States, neo-isolationism promises to prevent the most powerful nation on the planet from playing any role in enforcing the peace system.  If we refuse a role, we cannot expect smaller, weaker, and poorer nations to ensure world order for us.”
Okay, we all know that "Isolationism is bad", that America must carry the banner for solving all the world’s problems.  To do less is to be a selfish Isolationist.  So here’s an easy way to find out if you are part of the problem.  Take this simple test to find your "Internationalist Quotient."   (And I’ll do for you what my teachers never did for me:  Give yourself 10 points as an Isolationist for every False and 10 points as an Internationalist for every True.) (If you live in different country, just substitute that country's name.)

I feel nothing deep inside when Old Glory passes in a parade.

I believe “the American Way” is no better or worse than other countries

If I (or my child) join the military, I would support their having to fight (and maybe die) in a war where no American interest is involved.

I think America really ought to become the policeman to the world.

It’s fine with me if American soldiers are placed under the command of foreign officers who take an oath to serve the UN exclusively;

If it takes a draft to supply men and women to the UN military, I’ll support it.

American Independence is really kind of an out-dated idea – nations should let the UN settle all disputes and put an end to all wars;

Every country ought to have a voice in the UN equal to America, even if they only have the population of New Hampshire and the economy of Arkansas;

If there’s a conflict between a UN treaty and the US Constitution, then the UN treaty should prevail.

I think the “Pledge of Allegiance to the Flag” should be replaced in our schools with a “Pledge to the Planet.”

    Okay, now you know the score. You know if you’re in tune with the policy of the US government to reduce American sovereignty, and to implement a One World Government.  If you answered five or more "F’s" on this test, now you know that you’re the problem, as the government sees it, and until you (or your children) are re-educated, we’ll never have the New World Order promised us by George Bush, and worked for by Bill Clinton.

    If you’re not willing for your children to be forced under the command of foreign officers, and if you’re not willing for them to die in a country you never heard of, "in the service of the United Nations", as Al Gore put it, then you just won’t make in the “Brave New World” of the next Millennium.

    In that Foreign Affairs article mentioned at the top, Schlesinger went on to say,

"We are not going to achieve a new world order without paying for it in blood as well as in words and money.”"
Whose blood do you think he was talking about?
Daniel D. New, fourth generation Texan, lives in Hamilton County, Texas, from whence he lectures, writes and stays in touch with what the United Nations is doing.  He just published his first book, MICHAEL NEW – Mercenary…or American Soldier?, now going into its second edition.  His son, Michael, was the first American soldier to ever be court-martialed for wanting to serve his country in its own uniform.  The case is still under appeal.  For more information, contact the Michael New Action Fund, P.O. Box 100, Iredell, Texas 76649.  Or visit their website at:

© 1999, Daniel New
Permission to reprint is granted.

The same people doing this, are the same people performing the subject matter of this thread.

Wallaby, do you have the time to verify the following incident quoted on the second link? Thanks.

Federal Reserve Bank System - (Page 1)

Federal Reserve Bank System - (Page 2)
"For the purpose of this resolution the Committee is authorized to sit and act during the present Congress at such times and places in the District of Columbia or elsewhere, whether or not the House is sitting, has recessed or has adjourned, to hold such clerical, stenographic, and other assistants, to requnce of such witnesses and the production of such books, papers, and documents, to take such testimony, to have such printing and binding done, and to make such expenditures as it deems necessary."

After some discussion and upon the motion of Mr. Byrns, the resolution and charge was referred to the Committee on the Judiciary.

"Attacks on McFadden's Life Reported"

Commenting on Former Congressman Louis T.
McFaddens's "heart-failure sudden-death"
on Oct. 3, 1936, after a "dose" of "intestinal
flue," "Pelley's Weekly" of Oct. 14 says:

Now that this sterling American patriot has made the Passing, it can be revealed that not long after his public utterance against the encroaching powers of Judah, it became known among his intimates that he had suffered two attacks against his life. The first attack came in the form of two revolver shots fired at him from ambush as he was alighting from a cab in front of one of the Capital hotels. Fortunately both shots missed him, the bullets burying themselves in the structure of the cab.

"He became violently ill after partaking of food at a political banquet at Washington. His life was only saved from what was subsequently announce as a poisoning by the presence of a physician friend at the banquet, who at once procured a stomach pump and subject the Congressman to emergency treatment."
Robert Edward Edmondson (Publicist-Economist)

But by far the most troubling aspect of a government already functioning in bankruptcy mode is that it has no choice but to go on squeezing money out of the public and giving little back for it.

An interesting tidbit is found at:

< a href="http:/www. html>http:/www.

Walter Burien has been digging into Comprehensive Annual Financial Reports CAFR) for years. CAFRs are required of ALL gov't agencies and units and levels of gov't. His best analysis is that, counting CAFRs from all levels of gov't, there are over $30 Trillion held as investments; this is more than enough to clear the national debt and maybe even the unfunded debt, too.

Start looking at YOUR state, county, city and gov't enterprise revenue sources. This can be done by examining the CAFRs

An example is N.J. in 1989; the state gov't took in $5 for every $1 they spent on the public. The $4 difference, they squirreled away in investments and slush funds. (AND , there is MORE! :~)

Walt said when Jesse Ventura was hearing school districts' whine about more (tax)money, he found some via their CAFR, invested. The school board was more concerned with their ROI than they were with their job responsibilities, one of which was fiduciary duty to the People, to not "Eat of our substance."

Examination of YOUR local CAFRs will show this is not unusual. Think of all the interesting questions you can ask your local politicians.

For some reason I can't make a link. Here's the address.


"Why is a video more important than say, confiscating 50% of ones income?"

It's not a question of importance, but one of cowardice.

People are in denial over the seriousness of the situation. Having become emotionally dependent on the government, they depend on the government to solve the problem of the national debt, not realizing that the government's solution is to keep us all slaves to that debt forever. No matter how hard we work, no matter how much we sacrifice, the debt can never be paid off. We just keep on being taxed for the interest payments, $15 Trillion since 1960 (more than the total federal and state principle BTW). Unlike a home mortgage which is eventually paid off, the national debt has grown too large. We can't even make all the interest payments, so the total debt is growing and there is no way to stop it. But our government doesn't want to give up the parties, cigars, and interns in that converted malarial swamp called the District of Columbia, so they just keep on taxing and sending in the interest, so they can keep pretending to be wise rulers.

Once someone realizes that what is best for the government is NOT best for the citizen, one has to accept that the government and the citizens are at unreconcilable conflict. The government, through reckless fiscal policy and shortsightedness, plus plain old fashioned criminal corruption, has created an economic prison from which we can never escape, so long as we continue to play by their rules.

We have reached a stage where logic makes it clear that the only way to free ourselves from this unpayable debt is to scrap the government that created it without our permission. "Dear Government, I am canceling my subscription, please remove my name from your mailing lists."

Of course, once someone takes the step of admitting that what is in the government's best interests isn't in one's own best interests, one faces that most difficult choice of what to do about it. Many people cannot face that choice just yet. They are afraid of having to do something, or worse, admitting they lack the will to do so. On such personal cowardice has been built history's greatest abuses.

But the bottom line is simple. The government that borrowed all that money and those who loaned that government the money like things just as they are. They have no reason to change it. They will oppose, by deception, and then by force, any attempt by the people to free themselevs from the yoke of an unpayable debt founded on a law voted in before the vast majority of us were born.

Just as white people who were alive today cannot be held responsible for the crimes of slavery commited by their ancestors before they were born, so too the argument can be made that children born today are not liable for the bills of a government that spent more money than it had before they were born.

Of course, the government doesn't see it that way. They presume to own your children, and will use the public schools to override your parental rights if need be to make sure that the children unquestioningly accept the burden placed on their shoulders as right, fair, and just.

Just as they did to you.

The Road To Serfdom

Carroll Quigley - A Chilling Review
From above link:

               Who is really running things in America? What is the hidden, powerful force
               that seems to control U.S. policies no matter who is elected? The
               majority of Americans oppose foreign giveaways. What is
the hidden force that
               persuades Congress to vote at least $10 billion
in foreign giveaways year after
               year after year, in direct opposition
to the wishes of their constituents?

               Dr. Quigley is an authority on the world's secret power structure because HE IS
               ONE OF THE INSIDERS. He boasts that he has been associated with many of
               the dynastic families of the super-rich. He writes approvingly of their power,
               influence, and activities. To assure his readers of his own unique qualifications
               for the writing of this book, Dr. Quigley states: 'I know of the operations of this
               network because I have studied it for twenty years and was permitted for two

               years, in the early 1960's, to examine its papers and secret records. I have no
               aversion to it or to most of its aims and have, for much of my life, been close to
               it and to many of its instruments. I have objected, both in the past and recently,
               to a few of its policies. . . but in general my chief difference of opinion is that it
               wishes to remain unknown, and I believe its role in history is significant enough
               to be known.'

               In other words, Dr. Quigley is one of those on the inside of the 'network,' and his
               chief disagreement with his associates is that he wants to tell what the 'network' is
               doing, and the others want to remain secret. Hence the book, Tragedy and Hope, in
               which Dr. Quigley 'tells all,' thereby exposing one of the best-kept secrets in the

               world. The 'Hope' in the title represents the man-made millennium of a collectivist
               one-world society which the world will enjoy when the 'network' achieves its goal
               of ruling the world. He says the 'network' already has such power and influence that
               it is now too late for the little people to turn back the tide. All who resist represent
               the 'Tragedy.' He urges us not to fight the noose which is already around our necks,
               because if we do we will only choke ourselves to death.

Phyllis Schlafly's commentary answers 8 questions. You may read all eight, scroll to, or link to the comments that interest you. The questions proceed as follows:
               1. Who Runs The Establishment?
               2. How the Tax- Exempt Foundations are the Base of Operations.
               3. How The Establishment Helped Give China to the Communists.
               4. The Role of the CFR in The Establishment.
               5. How the Establishment Controls the Universities.
               6. Establishment Influence on the Election of Presidents.
               7. The Influence of Cecil Rhodes.
               8. The One Thing the Establishment Fears.

***1.Who Runs The Establishment? The greatest value of Tragedy and Hope is that it constitutes a bold and boastful admission BY ONE ON THE INSIDE of the Establishment that there actually exists a relatively small but powerful group which has succeeded in acquiring a choke-hold on the affairs of America and Europe. Dr. Quigley identified this group as the 'international bankers,' men who are quite 'different from ordinary bankers in distinctive ways: they were cosmopolitan and international; they were close to governments and were particularly concerned with questions of government debts; they were almost equally devoted to secrecy and the secret use of financial influence in political life.

These bankers came to be called international bankers and, more particularly, were known as merchant bankers in England, private bankers in France, and investment bankers in the United States.'

Dr. Quigley shows that the core of control is in the financial dynasties of Europe and America who have exercised political control through the formation of international financial combines. These monopoly money dynasties learned the elementary lesson that all governments must have sources of revenue from which to borrow in times of emergency. By providing such funds, the international bankers could make both kings and democratic leaders tremendously subservient to their will. Quigley names who they are. He tells how they hid the extent of their immense wealth from the public by keeping their firms unincorporated, usually partnerships, offering no shares, no reports, and usually no advertising.

Dr. Quigley traces the immense power and control exercised by the Rothschilds, the Bank of England, J.P. Morgan, and the Rockefellers. By 1900, according to Dr. Quigley, 'the influence of these business leaders was so great that the Morgan and Rockefeller groups acting together, or even Morgan acting alone, could have wrecked the economic system of the country.'

By the beginning of the twentieth century, the American economy had become so dynamic that the major banking dynasties found it increasingly difficult to maintain a tight control. Furthermore, their control was being challenged as a major political issue in national elections. So the Morgan and Rockefeller dynasties decided to follow the pattern of monopoly control over finance established by the Bank of England, that is a PRIVATELY controlled institution which had the APPEARANCE of an official government institution.

The result was the Federal Reserve Act, originally plotted in a secret meeting on Jekyl Island in 1910 attended by representatives of the Morgan and Rockefeller banks. The Federal Reserve bill was introduced into the Senate by Senator Nelson Aldrich, grandfather of Governor Nelson Aldrich Rockefeller. The original bill failed because Aldrich was too closely connected with Morgan and Wall Street.

The Morgan-Rockefeller group then realized they had to have Democratic backing in order to erase the Wall Street taint of the bill. The opportunity presented itself during the election of 1912. Desperate to defeat President William Howard Taft (who opposed the Aldrich bill), Wall Street poured funds into the campaigns of both Woodrow Wilson and Theodore Roosevelt, in order to split the Republicans and assure the election of Wilson.

The operation of the Federal Reserve is one of the most interesting and mysterious combines in the country. Since it was founded in 1913, it has successfully resisted every attempt to conduct an audit of its affairs. Its most recent political activity was to manipulate the interest rates during 1970 to the highest in 100 years which quickly caused a recession. This was blamed on the Republicans, and insured the election of a Democrat Congress. When David Kennedy, the Nixon Secretary of the Treasury, was asked about the credit-tightening policies of the Federal Reserve, he replied: 'It's not my job to approve or disapprove. It is the action of the Federal Reserve.'

***2. How the Tax-Exempt Foundations are the Base of Operations. Dr. Quigley tells of the panic the Establishment went into at the formation of the Special Committee to Investigate Tax-Exempt Foundations in 1953 with Congressman Carroll Reece of Tennessee as chairman. In substance, Dr. Quigley admits the truth of the excellent book by Rene A. Wormser called Foundations: Their Power and Influence which detailed the facts about foundations as uncovered by the Reece investigation.

Here are some criticisms of tax-exempt foundations given in the Wormser book: a) How they interlock into a monolithic monopoly of power to carry out globalist policies. b) How they develop an elite corps of social engineers with a compulsive drive to remake the world along Socialist lines. c) How the foundation-sponsored Kinsey report was deliberately designed as an attack on Judaic-Christian morality. d) How they imported a Swedish Socialist to produce a study on American Negro which has been used to justify revolutionary activities. e) How they use the ultimatum 'conform or no grant' to subvert American education. f) How they finance and promote Socialist textbooks. g) How they push Rhodes scholars into Government service. h) How they produce history books which keep Americans from learning the truth. I) How they promote the United Nations as the home base for the Socialist-Communist coalition.

Dr. Quigley explains why the Reece investigation did not have the impact it should have had: 'It soon became clear that people of immense wealth would be unhappy if the investigation went too far and that the most respected newspapers in the country, closely allied with these men of wealth, would not get excited enough about any revelations to make the publicity worthwhile, in terms of votes or campaign contributions.'

***3. How The Establishment Helped Give China to the Communists. The Senate Internal Security Subcommittee in 16 volumes of hearings documented beyond any doubt that China was lost to the Communists by the deliberate actions of a group of academic experts on the Far East, and Communist fellow travelers whose work was controlled and coordinated by the Institute of Pacific Relations.

Dr. Quigley adds a new dimension to the China story. He says: 'The influence of the Communists in IPR is well established, but the patronage of Wall Street is less well known.' He shows how the IPR money came from the Carnegie Foundation, the Rockefeller Foundation, and specific Wall Street interests, adding, 'The financial deficits which occurred each year were picked up by financial angels, almost all with close Wall Street connections,' including Frederick Vanderbilt Field, Thomas Lamont, the senior head of J.P. Morgan and Company, and his son, Corliss Lamont.'

Dr. Quigley, in talking about the loss of China, admits the thesis of the great book by John T. Flynn, While You Slept, who was the first to expose how the leading book review journals are loaded to aid the Communists. Dr. Quigley states: 'It is also true that this group, from its control of funds, academic recommendations, and research or publication opportunities, could favor persons who accepted the established consensus and could injure, financially or in professional advancement, persons who did not accept it. It is also true that the established group, by its influence on book reviewing in The New York Times, theHerald Tribune, the Saturday Review, a few magazines, including the liberal weeklies, and in the professional journals, could advance or hamper any specialist's career.

It is also true that these things were done in the United States in regard to the Far East by the Institute of Pacific Relations, that this organization had been infiltrated by Communists, and by Communist sympathizers, and that much of this group's influence arose from its access to and control over the flow of funds from foundations to scholarly activities.'

***4. The Role of the CFR in the Establishment. Dr. Quigley describes the Council on Foreign Relations as one of several 'front' organizations set up by the inner group for the purpose of advancing its conspiratorial schemes. Dr. Quigley explains more specifically that the Council on Foreign Relations 'was a front for J.P. Morgan and Company.' Some idea of the influence of the Council of Foreign Relations may be gleaned from the fact that there were 74 CFR members in the American delegation to the United Nations Conference at San Francisco in 1945, including Alger Hiss (Communist spy), Harry Dexter White (Soviet agent), Owen Lattimore ('a conscious, articulate instrument of the Soviet international conspiracy'), John J. McCloy (formerly head of the Rockefeller Chase-Manhattan Bank), Harold Stassen, Nelson Rockefeller, John Foster Dulles, Philip Jessup and Dean Acheson.

Internationally, the CFR is interlocked with the Bilderbergers, the Pugwash Conferences, the English-speaking Union, the Pilgrims Society, and the Round Table. Within the United States, CFR members are interlocked with the American Association for the United Nations, the Foreign Policy Association, the World Affairs Council, the Committee for Economic Development, Business Advisory Council, Commission on National Goals, American Assembly, National Planning Association, and Americans for Democratic Action.

***5. How the Establishment Controls the Universities. Dr. Quigley explains in detail how for generations the international financiers have dominated American universities through their control of university endowment money. He tells how Columbia University was dominated by J.P. Morgan and Company. and 'its president, Nicholas Murray Butler, was Morgan's chief spokesman from ivied halls.' Butler once said, 'The world is divided in to three classes of people: a very small group that makes things happen, a somewhat larger group that watches things happen, and the great multitude which never knows what happened.'

Dr. Quigley gives many examples of how the international bankers placed their men as presidents of leading universities, including the placement of Dwight Eisenhower as president of Columbia.

Columbia University was the intellectual rostrum of the father of Progressive Education, John Dewey, and his favored disciples, William H. Kilpatrick, Harold O. Rugg, and George S. Counts, author of Dare the Schools Build a New Social Order? which urged teachers to 'deliberately reach for power and then make the most of their conquest.'

***6. Establishment Influence on the Election of Presidents. Dr. Quigley tells how and why the Establishment was determined to defeat and destroy Barry Goldwater in 1964, unleashing a torrent of rage against him with such epithets as 'extremist,' 'racist,' 'atomic bomber,' 'trigger happy,' 'warmonger,' and 'psychologically unfit.'

Dr. Quigley tells how the international financiers manipulated the nomination of Dwight Eisenhower at the Republican National Convention in 1952. As Quigley explains, 'The lower-middle-class groups had preferred Senator Taft as their leader. Eisenhower, however, had been preferred by the eastern establishment of old Wall Street, Ivy League, semi-aristocratic Anglophiles whose real strength rested in their control of eastern financial endowments, operating from foundations, academic halls, and other tax-exempt refuges.'

Dr. Quigley explains Establishment support of John F. Kennedy like this: 'Kennedy, despite his Irish Catholicism, was an Establishment figure. This did not arise from his semi-aristocratic attitudes or his Harvard connections . . . These helped, but John Kennedy's introduction to the Establishment arose from his support of Britain, in opposition to his father, in the critical days at the American Embassy in London in 1938- 40. His acceptance into the English Establishment opened its American branch as well.'

In describing the Communist sympathizers and fellow travelers who took over in the United States under the Roosevelt Administration, Dr. Quigley says: 'It must be recognized that the power that these energetic left-wingers exercised was never their own power or Communist power but was ultimately the power of the international financial coterie.'

***7. The Influence of Cecil Rhodes. The great and lasting influence of the Englishman, Cecil Rhodes, who had the money to propagandize for the strange ideas he believed in, is spelled out in detail by Dr. Quigley: 'In the middle of 1890s Rhodes had a personal income of at least a million pounds sterling a year (then about $5,000,000) which was spent so freely for his mysterious purposes that he was usually overdrawn on his account . . . These purposes centered on his desire to federate the English-speaking peoples and to bring all the habitable portions of the world under their control. For this purpose Rhodes left part of his great fortune to found the Rhodes Scholarships at Oxford . . .'

Rhodes formed a secret society called the 'Circle of Initiates,' along with other fronts for those who were not on the inside. According to Dr. Quigley, 'The power and influence of the Rhodes-Milner group in British imperial affairs and in foreign policy since 1889, although not widely recognized, can hardly be exaggerated.' For example, Dr. Quigley goes on to show how this group dominated The London Times from 1890 to 1912 and 'has controlled it completely since 1912 (except for the years 1919-1922).' [See The Anglo-American Establishment for more on Rhodes.]

What we call the Eastern Establishment is the American branch of the Rhodes organization. J.P. Morgan and Company was the inner core of command, and the Council on Foreign Relations is its principal front. The Eastern Establishment extended its influence in the press in the same way in the United States as the Rhodes group did in England. According to Dr. Quigley, 'The American branch of this English Establishment extended much of its influence through five American newspapers (The New York Times, New York Herald Tribune, Christian Science Monitor, The Washington Post, and the lamented Boston Evening Transcript).'

Dr. Quigley also shows how the Establishment reached out to control the left-wing press as well. He names the Wall Street fortunes which established the New Republic, and says that 'the original purpose for establishing the paper was to provide an outlet for the progressive Left and to guide it quietly in an Anglophile direction. . . . This latter task was entrusted to . . . Walter Lippmann . . . the authentic spokesman in American journalism for the Establishments on both sides of the Atlantic in international affairs.'

***8. The One Thing the Establishment Fears. Dr. Quigley describes the conflict between grassroots Americans and the Establishment as 'the Midwest of Tom Sawyer against the cosmopolitan East of J.P. Morgan and Company, of old Siwash against Harvard, of the Chicago Tribune against the Washington Post or The New York Times . . .' He leaves no doubt as to where the real power centers are.

Dr. Quigley admits that nothing panics the international Establishment like the possibility of a threatened exposure. Whenever the public became somewhat aware of the conspiratorial processes, the vast, interlocking power structure of the whole London-Wall Street combine immediately shifted into high gear to cover up their agents and their tracks.

This is why the Establishment has viciously attacked nearly every Congressional investigation. Congressional hearings are the best sources of unvarnished truth we have had in America in the last 35 years. The Establishment turned all their heavy guns against Democrat Congressman Martin Dies, Republican Congressman Carroll Reece, Democrat Senator Pat McCarrran, and Republican Senator Joseph McCarthy because they were opening up the secrets of the conspiracy for the American people to see.

The American people had been nationally alerted to the fact of Communist infiltration of our Government by the Alger Hiss conviction in 1950, and to the fact that our boys were sent off to fight no-win wars in which the Communists had privileged sanctuaries by the Korean War of 1950-52. By the time of the Communist takeover of Cuba in 1959, nearly everyone knew something had to be terribly wrong at the top.

Unfortunately, the Establishment counteroffensive spearheaded by the Reuther Memorandum and the Fulbright Memorandum has been very successful in intimidating American citizens from taking action and spreading information.

"But there may be even more to this crowd of CS movers and shakers. The most influential CS gentleman of this century, John J. McCloy, head of the Chase Manhattan Bank, Armand Hammer's lawyer, lawyer for the 7-Sisters oil companies, head of the World Bank, chairman of the Ford Foundation and Chairman of the Council on Foreign Relations, undersecretary of War under Stimson [FDR], Member of the Warren Commission and one of LBJ's 'Wise Men', was accused by J. Edgar Hoover as being a Communist spy. Further, in a mole hunt of the same period, the FBI's information pointed strongly to yet another CS top dog: Averill Harriman. Eventually they realized it was Armand Hammer, but the FBI never trusted Harriman. To them the question was is he a card carrying communist, or just a communist sympathizer? When you look at this elite circle of CS from this time period, [and yes, even today], there was clearly, and consistently evidence that many were involved with communists, and sympathized with them, particularly in regards to keeping the rabble at bay. These CS all belonged to the same clubs, the same organizations. They exerted extraordinary influence of government policy, even though they were, mere citizens. Their careers moved fluently between multi-national corporations, government positions, and back again. They were wealthy and powerful."

"...Russia is a major supplier for China, which means the dollars get passed on again with more dangerous security implications for the United States. Radio Moscow has reported that, 'With money earned from the sale of military equipment to China, Russia will be able to fund the development for itself of the most up- to-date types of armaments." Henry Kissinger and George Bush [who both were, coincidentally, mentored by John J. McCloy] were the key persons responsible for creating this trade deficit with China."

America's Germany : John J. McCloy and the Federal Republic of Germany

Warren Report
Letter of Transmittal

September 24, 1964
The President
The White House
Washington, D.C.

Dear Mr. President:

Your Commission to investigate the assassination of President Kennedy on November 22, 1963, having completed its assignment in accordance with Executive Order No. 11130 of November 29, 1963, herewith submits its final report.


Earl Warren, Chairman
Richard B. Russel
John Sherman Cooper
Hale Boggs
Gerald R. Ford
Allen W. Dulles
John J. McCloy

Latest Development on the JFK Assassination

Gloria Steinem and the CIA
"In the summer of 1959, just before McCloy took his family for an extended trip to Europe, C.D. Jackson wrote to remind McCloy that later that summer a World Youth Festival was scheduled to take place in Vienna. Jackson asked McCloy to contribute an article, perhaps on the "benign and constructive aspects" of the U.S. occupation of Germany. The piece would appear in a daily newspaper to be published in Vienna in conjunction with the festival. McCloy agreed, and the article was published (in five languages) in a newspaper distributed by a twenty-five-year-old Smith graduate named Gloria Steinem."

The purpose of the Council on Foreign Relations
"The crowning moment of achievement for the Council came at San Francisco in 1945, when over 40 members of the United States Delegation to the organizational meeting of the United Nations (where the United Nations Charter was written) were members of the Council. Among them: Alger Hiss, Secretary of State Edward R. Stettinius, I.eo Pasvalsky, John Foster Dulles, John J. McCloy, Julius C. Holmes, Nelson A. Rockefeller, Adlai Stevenson, Joseph E. Johnson, Ralph J. Bunche, Clark M. Eichelberger, and Thomas K. Finletter."

Statement By George Bush on The Death of John J. McCloy - March 21, 1989 - The Bush Library

Thoughts on indebtedness.

Let us imagine for a moment that you go to a restaurant, you place an order for a hamburger. The proprietor of the restaurant tells you the cost is $5 for the hamburger, and you pay $5 for the hamburger. You get your food. No problems. Well worth the money you paid for it. No complaints.

Then when you are done eating, the owner of the restaurant shows up at your table, apologizes profusely, explains that he underestimated the real cost of providing you with the hamburger he agreed to serve you and hands you a bill for an additional sum he had to borrow in order to provide the meal plus interest since the start of your meal. Do you pay it? Of course not. You, the customer, entered into a verbal contract with the proprietor of the restaurant to provide you with your meal at the price agreed to by all parties prior to the transaction.

If the proprietor of the restaurant has miscalculated the cost of meeting his agreed-to obligation to the customer, is the customer obligated to cover the shortfall? No. The proprietor of the restaurant is responsible for the error, and if he cannot meet his agreed-to obligations for the agreed-upon price, he should declare bankruptcy, go out of business, and make way for a new restaurant with better fiscal sense.

Simple common sense.

Let us imagine for a moment that you live in a nation, and you request some benefits. The government tells you the cost is $500 for the benefits, and you pay $500 in taxes for the benefits. You get your benefits. No problems. Well worth the money you paid for them. No complaints.

Then when you have your benefits, the government shows up at your door, apologizes profusely, explains that it underestimated the real cost of providing you with the benefits it agreed to provide and hands you a bill for an additional sum it had to borrow in order to provide the services, plus interest since the start of your use of the benefits. Do you pay it? Of course not. You, the citizen, entered into a verbal contract with the government to provide you with your benefits at the taxes agreed to by all parties prior to the transaction.

If the government has miscalculated the cost of meeting the agreed-to obligation to the citizen, is the citizen obligated to cover the shortfall? No. The government is responsible for the error, and if it cannot meet it's agreed-to obligations for the agreed-upon price, it should declare bankruptcy, go out of business, and make way for a new government with better fiscal sense.

The claim is constantly made that "we" (meaning the citizens) have already spent the almost 6 trillion dollars that the Federal Government owes and that therefore "we" (meaning the citizens) must repay it. This is nonsense. No taxpayer alive now ever voted or otherwise agreed to allow the government to borrow money on their behalf and agreed to underwite the resultant ruinous interest obligation. No citizen spent that money. The goverment spent it, to keep promises it had no business making in the first place.

The Federal Reserve Act (Otherwise known as the currency act) was voted into law December 23, 1913. The people who voted in that law are all dead.

No taxpayer alive today had anything to say about repaying any money the goverment borrowed to keep it's promises. We did not have any choice in the matter. We did not choose to accept this obligation. It has been forced on us. It was manufactured for us.

Certainly the young people who are becoming voters and taxpayers this year have had no say at all about the almost 6 trillion dollar debt that our government hands to them and says,"This thou shalt pay". To so encumber our children without their permission is at best indentured servitude; at the worst outright slavery.

We The People didn't borrow that 6 trillion dollars. We The People, those of us alive today, paying taxes today, have never had the opportunity to decide whether or not we are obligated to cover the bad debts of a government that gets elected by selling $5 dollar hamburgers, only to tell us after election day that they really cost $7 and we are now obligated for that additional $2.

Every man, woman, retired senior citizen and even the tiniest newborn baby are being told that they owe $22,556 extra for services that were bought and paid for by an agreed-to tax rate.

Are those tiny newborn babies really obligated for $22,556 because of a law passed 84 years before they were born?

Are those tiny newborn babies really obligated for $22,556 because our government makes promises it cannot keep?

Or is it time for the Federal Government to deeclare bankruptcy and make way for something better?

"Of course, it was all irrelevant since PEOPLE, not gold or land, back up the value of whatever money the nation is using."

People back up the money only where fiat money is used.

Since 1960, We The peoplehave backed up this government's reckless and irresponsible spending habits to the tune of $15 trillion in interest payments alone, and unless and until the people stand up and force the issue, the government will go right on being reckless and irresponsible and stick our kids for another $15 trillion, money extracted for which nothing will be given back.

But the point of this thread is that the situation may be far worse than is openly aknowledged. This is a government of proven liars, crooks, and thieves, after all, so a little "cooking the books" is not improbable. One trick the feds did was to simply return less tax money to the states than was being collected (a violation of the Constitution, BTW). The states were then required to borrow to meet their committments. In effect, this transferred some of the federal govermmnt debt onto the states in order to conceal it. Total govermment debt for both federa and state levels is now estimated to be $14 trillion dollars, quite a worse situation than the $6 trllion figure usually bandied around as the "National Debt".

The warning signs are everywhere. Taxes keep rising, but the programs and services those taxes are supposed to pay for are shrinking. Where is the money going? Last year, the government "borrowed" money from the Social Secuity trust fund, moved it into the general fund as if it were revenues, and declared a surplus just in time for the election season. But if the government is having to borrow money from Social Security when the economy is supposed to be so great, under what economic conditions will they be able to pay it back? And to pay that SS money back, what will the government do? Tax us. That's right, taxpayers get to pay the same money TWICE for those Social Security benefits, or else the benefits we already paid for will not be there.

Be honest, if you saw a home or a business playing games like this, you'ld know they were in serious trouble. The same common sense has to apply to the government.

"But I notice that no one has answered my question: If we are going broke, why are these $ not posted in CONSTANT dollars as a share of GNP?"

I DID answer your question. I told you the GNP was irrelevant in the face of a government unable to meet the interest payments on their debt. Expressing the debt in relation to the GNP is just another way to obfuscate the severity of the problem.

We are being taxed to death, and we don't know just how much of that taxation vanishes into the black hole of government debt, given this government's recent history of deception and mendacity

Nobody alive today got to vote on whether there should be a federal reserve or not. And just as whites living today cannot be held responsible for crimes of slavery committed before they were born, We The people, alive today, are not responsible for the bone-headed numbskullery of the congress that took place before we were born.

The trend is obvious. Despite high taxes, low services, and the looting of the Social Security fund our government sank even deeper into debt this last year, failing to even meet the interest payments on what it owes. And this during what are supposed to be great economic times. The trend is clearly irreversible (or it would have been reversed by now) and all the attempts to conceal the debt with fancy bookkeeping cannot change that. You can express the debt any way you wish, but you cannot alter the fact that the debt continues to grow and will drag our nation down.

It is time for the people to cut their losses, quit throwing good money after bad, and allow this government to go out of business to make way for something better.

Michael. When you get some time, go here. Spend some time clicking on the various graphs and statistics, and reports, etc.

Here's what the socialist professors in our institutions of higher learning are pumping out. In reading his last trojan horse summary you would think his side lost and our side won. I guess that's why so many are so happy with this small, unregulated, taxless government that we have. He sounds almost depressed, as if Thomas Jefferson and George Washington were entering the entrances of universities around the country, handing out copies of the Constitution to poor students and telling them good luck.


If the government issued cash, United States Notes interest free, like President Andrew Jackson, President Abraham Lincoln and President John F. Kennedy, the national debt could be zero, your personal income tax could be zero and the average American could have very little if any debt. History shows President Kennedy was assassinated within a few months of issuing United States Notes. Upon his death, President Johnson immediately replaced the United States Notes with Federal Reserve Notes. If President Kennedy had lived and continued printing United States Notes interest free, tens of trillions of dollars the banks now have would be in the hands of American citizens. If he had lived, the national debt could be zero and your personal income tax cut to zero.

For every dollar of United States Notes issued by the government interest free, the citizens have one less dollar of tax and one less dollar of debt. Economically speaking, a United States Note gives the citizen an economic benefit similar to having gold or silver currency. Only the government can create money giving bankers and non-bankers equal protection. Banks must loan other depositors’ money and stop creating money like a counterfeiter.

The banks demand they print the money and loan it to the government at interest, creating the national debt of five trillion dollars. The banks create money and loan it to citizens as they buy homes, cars and farms. For every dollar the banks print and loan to citizens, the citizens have one more dollar of debt. The banks believe it is good business to create money, loan it out, and force you into more debt paying them interest.

If your neighbor could counterfeit money and loan it out at interest, he would be rich. If he was not stopped he would end up loaning money to nearly every person owning a home, cat, farm or business. Nearly everyone in America would be paying your neighbor interest or he would foreclose and own the property. This is why counterfeiters go to jail. Economically speaking there is little or no difference between your neighbor counterfeiting money and the banks creating money and loaning it out at interest.

The Revolutionary War was fought to stop banks from creating money and loaning it out. The Constitution allowed gold and silver as currency, prohibiting banks from creating money. This is why the media and banks hate the Constitution.

America's history shows that the banking system has changed from one where the government issues the money, to one where the banks issue the money. When enough people wake up, the government will issue the money once again and people will become debt free. If we remain asleep, the banks will continue to create money and the people will end up having huge debts. The people are waking up once more, pushing for the government to follow Presidents Andrew Jackson, Abraham Lincoln and John F. Kennedy. All we need do is follow these great American Presidents and expose those who would support the enemies of our Revolutionary War.

Educated people want United States Notes issued interest free and banks want to create money and loan it out. This is the secret, the media tries to hide, the bankers try to conceal, the judges ignore and the lawmakers support. Obviously they have a financial interest in creating money and loaning it out at interest. If the American population knew the truth and understood why we fought the Revolutionary War, they would vote out every lawmaker, judge and policeman aiding and abetting the banks.

This is why this book is sweeping the nation. People are talking and informing others. Brochures and cassette tapes are being copied and distributed. If we followed President Abraham Lincoln and the Constitution and if the banks paid their debt, the national debt would be eliminated, personal income tax eliminated and people would be out of debt in a short time.

Please join us in exposing the truth. Be a leader. Tell your friends. Get groups of people to pass out the brochures, copy the cassette tape and lend out the book to others. When enough Americans learn the truth and what the media has hidden from us, every real American will want to follow Presidents Jackson, Lincoln and Kennedy and eliminate our debt.

All freedom-loving Americans who believe in the Revolutionary War, the Constitution and the Bill or Rights, join us in getting this message out so we can get the support of the American people. We cannot correct it if we all believe a lie. But we can correct it if enough Americans learn the truth and want out of their loans. It will be up to you to save America.

So, along with the CIA (loss of Cuba), the Mafia (loss of Cuba), Nixon (Loss of the White House) and the Texas oil barons (Loss of the oil depletion allowance), it appars the owners of the Federal Reserve also had reason to prefer JFK dead, rather than lose trillions of dollars in interest payments made from the assasination to the present day.

Well, I sure don't want to let this slip away, will somebody tell me why so few of us understand the mountains of hidden money in our Comprehensive Annual Financial Reports?

"Well, I sure don't want to let this slip away, will somebody tell me why so few of us understand the mountains of hidden money in our Comprehensive Annual Financial Reports?"

The last official act of any government is to loot the populace.

Given the inevitability of a governmental fiscal crash, I suspect the concealed money amounts to some "golden parachute" building by various officials.