Chapter 8 References

CNN - Addressing The National Debt

Eliminating the National Debt in 8 years would mean would mean first balancing the budget, you need Congress for that - good luck. Then you’d have to pay down 2.3 trillion dollars a year.

Presented in the context of describing the conventional approach to addressing the National Debt. 

President Barrack Obama - Addressing Waste

Presented to show a President's approach to reducing waste in government:

What should be easy is getting rid of the pointless waste and stupid spending that doesn’t benefit anybody.
That’s why, starting today, I’ve asked the Vice President [Joseph Biden] to lead a renewed effort to hunt down misspent tax dollars in every agency and department of this government.

Hilary Clinton - Proposed Tariffs

Presented to show a Presidential Candidate's approach to placing tariffs on other countries:

And when countries break the rules, we won’t hesitate to impose targeted tariffs

President Trump - Reducing Interest Rates

Presented to show the effect of reducing interest rates on the National Debt:

I believe we should be three or four points lower so that’s over a trillion dollars we pay every year in interest. And it’s really just a paper calculation, you sign a document and you save almost a trillion dollars, because that number equates very much to the bonds we that have to buy.

Congressional Record - United States Bankrupt

References to the United States being bankrupt within the 109th Congress. July 17, 2006 - Issue: Vol. 152, No. 93:

Professor Laurence Kotlikoff for the Federal Reserve Bank of St. Louis said the United States is indeed bankrupt insofar as it will be unable to pay its creditors, who in this context are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds.

In the 43rd Congress, 1874 Vol. 2, Part 1, Congressman Fernando Wood described the United States as bankrupt:

…I can show, that this Government has been bankrupt for these last two months. It has been unable to meet its obligations.
If I, as a merchant, cannot pay my obligations, I am forced under the law into the bankruptcy court; my affairs are summarily wound up, and I am declared to be a bankrupt.

Declaration of Independence

Reference to a foreign jurisdiction having control over the citizens in bankruptcy:

[The King of England] has combined with others to subject us to a jurisdiction foreign to our constitution.

General Mark Milley Meme

The highest ranking military officer, on the official record in a congressional hearing stating the government was a corporation and that Congress was it’s Board of Directors.

Official transcript on the CNN website:

Congressional Record 1972

In 1972, Congressman Wright Patman stated during the 92nd Congress, 2nd Session. Jul 31 1972, in Vol. 111, part 20. pp 26141. 

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 the Constitution.

Lieutenant General Michael Flynn & Tucker Carlson

Inn an interview with Tucker Carlson. Lieutenant General Michael Flynn said:

We have two separate governments. We have the one that actually gets elected and goes into office, and then you have a government inside of Washington DC that operates under no rules, no authorities, other than their own or who’s ever in charge of their organization

Tucker Carlson said:

An unelected group within Washington effectively runs the country without reference to voters.

United States - A Federal Corporation?

(15) “United States” means—
(A) a Federal corporation;
(B) an agency, department, commission, board, or other entity of the United States; or
(C) an instrumentality of the United States.

Source: 28 U.S. Code § 3002 - Definitions.

Judge Andrew Napolitano

What if the Income Tax was unconstitutional?
What if the 50 states were no longer sovereign entities equals to each other and parents of the Federal Government they voluntarily constituted?
What if the states were mere provinces of a totally nationalized and fully centralized government?
What if the government could write any law, regulate any behavior and tax any event the Constitution be damned?
What if the government could take your property whenever it wanted?
What if the rights and principles guaranteed in the constitution have been so distorted in the past two hundred years as to be unrecognizable but he founders?

Congressional Record 1937

Congressional Record Mar 19, 1937. Vol.1, Part 3 - Bound Edition. 75th Congress - 1st Session. pp. 2527. In the context of how dangerous bankers are according to former Presidents:

A dollar in the hands of selfish greed and money monopoly is more dangerous, more powerful, than shot or shell, than sword or gun. 

President Andrew Jackson's Veto 1832

References what would occur in the event of war when the central bank has foreign ownership: 

Should the stock of the Bank principally pass into the hands of the subjects of a foreign country, and we should unfortunately become involved in a war with that country, what would be our condition? Of the course which would be pursued by a Bank almost wholly owned by the subjects of a foreign power, and managed by those whose interests, if not affections, would run in the same direction, there can be no doubt. All its operations within, would be in the aid of the hostile fleets and armies without; controling our currency; receiving our public moneys, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than the naval and military power of the enemy.

President Thomas Jefferson - Banks Worse Than Armies

Thomas Jefferson, writing to John Tayloy May 28 1816 had this to say about banking establishments:

And I sincerely believe with you, that banking establishments are more dangerous than standing armies; & that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Federal Reserve Bank of Dallas

Money, Banking and Monetary Policy, a book by the Federal Reserve Bank of Dallas:

- Money makes it possible for people to exchange goods and services without having to rely on a system of bartering.
- Banking provides a means for savers to lend their money to borrowers and earn interest in the process.
- Banks actually “create” money when they lend it.

Bank of England

Two Quarterly Bulletins. The first from 2014 Q1:

Rather than banks lending out deposits that are placed with them, the act of lending creates deposits… the reverse of the sequence typically described in textbooks.


Banks Lend Money They Don't Have

Banks can lend money that they don’t actually have. It’s a criminal scandal and it’s been going on for too long. 
We have counterfeiting, sometimes called quantitative easing, but counterfeiting by any other name, the artificial printing of money which if any ordinary person did they’d go to prison for a very long time. And yet governments and central banks do it all the time.

War on Paper Straws

With comparison to a War on Fake Debt - a War on Paper Straws:

U.S. President Donald Trump has declared war on paper straws and is pushing for a return to plastic.
Trump has signed an order in the White House stating that U.S. government departments and agencies should no longer procure and use paper straws in the future.


What Are Enemy Combatants?

Senator Lindsey Graham questions Justice Brett Kavanaugh during confirmation hearings 2018:

Graham: That American citizens who collaborate with the enemy are considered Enemy Combatants.
Graham: There is a body of law, long before 9-11 [terrorist attack] that understood the difference between basic criminal law and the law of armed conflict.

Treason. Article 3, Section 3, Clause 1

Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the testimony of two Witnesses to the same overt Act, or on Confession in open Court.

Treason - Crimes Act 1914 Commonwealth of Australia

Early text. Supposedly changed by the 'current' version that came from the Parliament of Australia, not one of the two defined within the original Constitution:

Any person who within the Commonwealth or any Territory - (b) assists by any means whatever any public enemy, shall be guilty of an indictable offence and shall be liable to the punishment of death.

Voluntary Compliance For the Internal Revenue Service

In the 2006 documentary From Freedom To Fascism, Aaron Russo interviewed a former Sheldon Cohen, former Commissioner and Chief Counsel of the Internal Revenue Service:

What is Voluntary Compliance?
and why doe the IRS Code say its voluntary to comply, not mandatory
The IRS thrives on intimidation and fear, not by law. It’s no different than a criminal protection racket using force to extract your money from you.

Take Action

See if your Congressional Representative supports value meaning promises to pay bank or value created by the people for the people.