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[Nil nisi clavis deest]
"I
believe that banking institutions are more dangerous to our liberties
than
standing armies . . If the American people ever allow private banks to
control the
issue of their currency, first by inflation, then by deflation, the
banks and corporations
that will grow up around . . will deprive the people of all property
until their children wake-up homeless
on the continent their fathers conquered . . The issuing power should be
taken from the banks and
restored to the people, to whom it properly belongs."
[Thomas Jefferson]
INTRODUCTION
As
the title of this series implies, the subject under review is social
security. However, there is much, much more to the “social security
issue” than at first glance, meets the eye.
Obviously,
there is the issue of social security as the social insurance earned
benefit system it is, the purpose of which is to provide benefits
(money), to workers and their family members upon retirement,
disability, or death.
Included
with this “basic issue” designation, is the question of the
financial soundness and viability of the system in general, and how it
relates to the overall financial soundness of our fiscal and monetary
systems in general.
Then
there are even further “issues” regarding social security. These
include the initial creation of the system, and how the social security
system was part and parcel of many similar social programs and policies
of the then current times, often summarily referred to as –
Roosevelt’s New Deal.
We
have already covered a good deal of the “basic issues”, although
there is still a fair amount of ground to cover. Prior to endeavoring to
do such, however, we will first take an initial look at social security
as part of the New Deal, and the why and wherefore of such socialistic
policies and programs.
Included
under this heading will be a discussion of the monetary system current
at the time of creation of the New Deal. Consequently, some patience
from the reader will be asked for, as the direct topic of social
security will take a back seat for a time, to allow for the discussion
of the social security system under the guise of the New Deal.
It
will all come together at the end, as do the many parts of a jigsaw
puzzle upon completion. So sit back and relax, as we go on a journey, to
the land of the modern day Discouri – the Succubus and Incubus
Nemeses. Nasty little apparitions, real yet not real, depending upon
what you choose to accept; a delusional pair of psychic and emotional
vampires, or nothing but shades blowing in the wind.
THE MONEY GAME
It
has been repeatedly shown in earlier series and articles, that our
original money was what is referred to as a hard money system, of silver
and gold coin. This was the monetary system the Constitution mandates,
and the Original Coinage Act of 1792.
See
the Honest
Money series, the Whence
& Pence series, the Silver
Is Money series, and for a shorter discussion see, Gold:
Sovereign of Sovereigns and other articles by the author for a complete detailed work on money.
Also note that a constitutional amendment has never been passed to
change the Constitution – so the hard money mandate still stands as
the Supreme Law of the Land.
Presently
our monetary system is one of paper fiat, of Federal Reserve Notes and
other fiduciary forms of paper money under the guise of credit, by the
use of fractional reserve policy, a most dreaded thing – an
abomination, a succubus incognito. The above listed earlier works
discuss these issues as well.
The
present task before us is of a bit of a different bent: how is a paper
fiat monetary system directly related to the issue of social security,
which in turn are both directly related to the financial soundness of
our great country, and just what policies have led us down this path,
and who is responsible?
Tough
questions. Questions that should be answered by our elected
representatives and officials. Ask your Congressman for some answers –
vote accordingly. And remember, our elected representatives and
officials:
Have
taken an oath of office to uphold the Constitution and to serve We The
People
HOW DID THIS COME TO PASS?
In
1840, legislation was passed for an independent Treasury. The following
year the Whigs in power repealed the law. The Whigs also wanted to
establish a new central bank, but President John Tyler stopped them dead
in their tracks. He did good.
August,
1846, witnessed the reinstatement of an independent Treasury with the
passage of a new Treasury Act, which provided that the public revenues
be retained in the Treasury building and in subtreasuries in other
cities.
The
Treasury was to be completely independent of the banking and financial
system of the nation.
Any
payments by and to the government were to be made in gold and silver.
The complete separation of the Treasury from the banking system was
never completed, however.
One
problem was that the gold and silver payments to and from the government
that were the Treasury’s job to expedite, continued to influence the
money markets because the comings and goings of specie affected the
amount of hard money in circulation.
On
December 23, 1913, the U.S. Congress passed the Federal Reserve Act,
which gave a constitutional power, expressly delegated to Congress, and
only to Congress, over into the clutches and control of a private
corporation – The Federal Reserve – keeper of the Nemeses
Not
a good idea, not to mention that it is unconstitutional.
In
1920, Congress passed the Independent Treasury Act, which called for
shutting down the independent Treasury.
In
1921, the United States abolished the independent U.S. Treasury system.
This allowed all United States money in the private Federal Reserve
Banks to be kept separate from Federal Reserve Notes.
"That,
if any moneys or bullion, constituting part of the trust funds or other
special funds heretofore required by law to be kept in Treasury offices,
shall be deposited with any Federal reserve bank, then such moneys or
bullion shall by such bank be kept separate and distinct from the
assets, funds, and securities of the Federal Reserve Bank and be held in
the joint custody of the Federal Reserve Agent and the Federal Reserve
Bank...”
The
year – 1933, the following Resolution was written by Eugene
Meyers and the New York Banksters. It was given to President
Hoover at 10.00 pm. March 3, 1933.
Resolution
Adopted by the Federal Reserve Board of New York
WHEREAS,
In the opinion of the Board of Directors of the Federal Reserve Bank of
New York, the continued and increasing withdrawal of currency and gold
from the banks of the country has now created a national emergency, and
WHEREAS,
It is understood the adequate remedial measures cannot be enacted before
tomorrow morning,
NOW,
THEREFORE, BE IT RESOLVED, That in
this emergency the Federal Reserve Board is hereby requested to urge the
President of the United States to declare a bank holiday Saturday, March
4, and Monday, March 6, in order to afford opportunity to governmental
authorities and banks themselves to take such measures as may be
necessary to protect the interests of the people and promptly to provide
adequate banking and credit facilities for all parts of the country.
Proposed
Executive Order
EXECUTIVE
ORDER
WHEREAS
the nation's banking institution's are being subjected to heavy
withdrawals of currency for hoarding; and
WHEREAS
there is increasing speculative activity in foreign exchanges; and
WHEREAS
these conditions have created a national emergency in which it is in the
best interest of all bank depositors that a period of respite be
provided with a view to preventing further hoarding of coin, bullion or
currency or speculation in foreign exchange, and permitting the
application of appropriate measures for dealing with the emergency in
order to protect the interests of all the people; and
WHEREAS
it is provided in Section 5 (b) of the Act of October 6, 1917, as
amended, that "The President may investigate, regulate, or
prohibit, under such rules and regulations as he may prescribe, by means
of licenses or otherwise, any transactions in foreign exchange and the
export, hoarding, melting, or earmarking of gold or silver coin or
bullion or currency * * *"; and
WHEREAS
it is provided in Section 16 of the said Act that "Whoever shall
willfully violate any of the provisions of this Act or of any license,
rule, or regulation issued thereunder, and whoever shall willfully
violate, neglect, or refuse to comply with any order of the President
issued in compliance with the provisions of this Act shall, upon
conviction, be fined not more than $10,000, or, if a natural person,
imprisoned for not more than ten years, or both * * *";
NOW,
THEREFORE, pursuant to the authority
granted by said Act, I hereby order, direct and declare that:
1.
From Saturday, the fourth day of March, to Tuesday, the Seventh day of
March, Nineteen Hundred and Thirty Three, both dates inclusive, there
shall be maintained and observed throughout the United States of America
a bank holiday for all of the purposes hereinafter set forth;
2. During said holiday, no
banking institution as hereinafter defined shall pay out, export,
earmark, or permit the withdrawal or transfer in any manner or by any
device whatsoever of any gold or silver coin or bullion or currency or
take any other action which might facilitate the hoarding thereof; nor
shall any such banking institution pay out deposits, make loans or
discounts, deal in foreign exchange, or transact any other banking
business whatsoever.
3. Upon the expiration of
said holiday and until otherwise ordered by the President of the United
States, such banking institutions may pay out, export, earmark or permit
the withdrawal or transfer of gold or silver coin or bullion or
currency, or deal in foreign exchange to extent as may be permitted by
license or otherwise under regulations issued by the Secretary of the
Treasury with the approval of the President.
4. The Secretary of the
Treasury, with the approval of the President, is authorized and
empowered to prescribe such regulations as he may find necessary to
carry out the purposes of the order.
5. The term "banking
institution" as herein used shall include all Federal reserve
banks, national banking associations, banks trust companies, savings
banks, building and loan associations, credit unions, or other
corporations, partnerships, associations or persons engaged in the
business of receiving deposits, making loans, discounting business
paper, or transacting any other form of banking business.”
The
White House
March, 1933.
The
following is a letter sent by President Hoover to Eugene Meyer:
“My
dear Governor Meyer:
I
received at half past one this morning your letter dated March 3rd. I
must assume that this letter was written on the basis of information
received by you prior to 11:30 o'clock last night for the reason that
before your letter was sent you had certain information as follows:
a.
At 11 o'clock last night the President elect had informed me he did not
wish such a proclamation issued.
b.
The Attorney General had renewed the same opinion which he had already
given to the Board that the authorities on which you were relying were
inadequate unless supported by the incoming Administration.
c.
That groups of representative bankers in both Chicago and New York,
embracing members of the Board of Directors of the Federal Reserve Banks
in those cities, were then in conference with the governors of the
states of Illinois and New York, and that the governors of these two
states were prepared to act if these representative groups so
recommended. It appears that the governors did take action under their
authorities, declaring a temporary holiday in these two critical states,
and thus accomplishing the major purposes which the Board apparently had
in mind.
In
view of the above I am at a loss to understand why such a communication
should have been sent to me in the last few hours of this
Administration, which I believe the Board must now admit was neither
justified nor necessary.
Yours
faithfully, Herbert Hoover”
[Hon.
Eugene Meyer, Federal Reserve Board, Washington, D.C.]
THE ISSUES
Needless
to say, the entire contents of both letters are of critical importance.
It would be much easier to explain what isn’t important in the
letters: nothing, it is all extremely vital. Suffice it to say, it is
fairly obvious just how serious of a nature the above communiqués were.
The letters are pretty much self-explanatory in regards to such.
However,
there are three points that stick out like – well, like gold and
silver would stick out in a pile of paper fiat money.
- It
is troubling and puzzling that the Federal
Reserve is recommending, almost dictating, Presidential
policy and subsequent actions they “urge”
to be taken.
- President
Hoover said that President elect
Roosevelt had said that he didn't
see the necessity or urgency in issuing a proclamation concerning
the supposed national emergency.
- So
what transpired for President Roosevelt to diametrically
change his mind just a few hours later? Whatever it was,
it must have been pretty serious to warrant such a turn of events.
SO WHAT’S THE POINT?
So
what does any of this have to do with social security? Hell, Krugman
doesn’t even think that social security has much to do we anything, if
anything, especially government deficits and debt over-issuance. Then
again, Mr. Krugman doesn’t seem to worry about much of anything,
either, accept maybe the “privatizers” – who do seem to get him
worked upped. Hopefully these articles will act as inspiration.
Well,
remember back in part three, The
Debt Demons and The Bond Creatures They Feed On,
it was pointed out how all the graphs took a huge change or turning
point right around 1933:
For
some reason, the years 1930-1933 mark a huge
turning point in the economy, as if we suddenly got a New Deal
Maybe
the above resolutions and whatever Presidential actions that followed,
as were urged by the Federal Reserve, had something to do with the huge
turning point in the economy, as shown on the charts and graphs – all
clustered right around 1933. As major changes of import to our
monetary system were being radically implemented over-night.
Maybe,
maybe not. What do you think? Ask your Congressman what he thinks, and
what he is doing in response to it, if anything. If not – why not?
Isn’t that what they get paid by We The People, to do?
ROOSEVELT’S
FIRST ACTIONS AS PRESIDENT
The
day after Roosevelt took the presidential oath of office, he issued a
proclamation calling Congress into a special session. He also decreed a
national banking holiday, the same exact action that he had refused to
agree with, when Hoover had suggested it, just three days earlier. Hmm
– Interesting.
On
March 9, 1933, President Franklin Delano Roosevelt's signed Executive
Orders 6073, 6102, 6111, and 6260.
The
new President declared a: National Emergency that made it unlawful
for any citizen of the United States to own gold. A nasty incubus
that sucks the life’s breath away from its victim during a false and
delusional sense of ecstasy.
The
ownership of gold – the constitutional form of our hard money currency
was actually declared to be unlawful and illegal to own. This was a very
sad day in our country’s history and future, as:
A
basic right of the Constitution was declared illegal without a
constitutional amendment
and what amounted to a declaration of NATIONAL BANKRUPTCY was decreed.
WHAT NATIONAL EMERGENCY?
What
was the national emergency that prompted Roosevelt to declare that We
The People’s gold was to be confiscated and called in?
By
what authority did Roosevelt declare he had the right to confiscate We
The People’s gold?
We
shall turn to the record to see exactly what the emergency was per our
own government statutes:
1930s:
Emergency Banking Relief Act of 1933
Emergency
Banking Relief Act of 1933
U.S. Statutes at Large (73rd Congress, 1933 p. 1-7)
AN ACT
”To provide relief in the existing national emergency in banking, and
for other purposes.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled, That the Congress hereby
declares that a serious emergency exists and that it is imperatively
necessary speedily to put into effect remedies of uniform national
application.”
So,
as the above clearly states, the emergency was a national emergency in banking
And
by what authority was this national emergency declared and or
authorized? Well let’s once again look to the record as our own
government statutes record in the above quoted Emergency Banking Relief
Act of 1933:
TITLE
I
”Section 1. The actions, regulations, rules, licenses, orders
and proclamations heretofore or hereafter taken, promulgated, made, or
issued by the President of the United States or the Secretary of the
Treasury since March 4, 1933, pursuant to the authority conferred by
subdivision (b) of section 5 of the Act of October 6, 1917, as amended,
are hereby approved and confirmed.
So
the authority was pursuant to the authority of subdivision (b) of
section 5 of the Act of October 6, 1917, as amended, are hereby approved
and confirmed.” This is referring to
The
Trading With The Enemy Act, which comes under The War Powers Act
Notice,
however, the last section that comes right after the date of 1917, which
states:
“as
amended, are hereby approved and confirmed”
So
the original Trading With The Enemy Act wasn’t apparently exactly what
Roosevelt wanted or needed, so he amended the act. Interesting use of
power, to say the least, sort of unlimited powers – yet the whole
purpose of the Constitution was to limit the powers of government. Hmm.
Very interesting.
But
how bad could it be, this amended stuff? I mean, what exactly was
amended? The following are some of the highlights, as to go through all
of the amendments, might be more than most could bare.
The
Amendments
Section
2.
Subdivision (b) of section 5 of the Act of October 6, 1917 (40 Stat. L.
411), as amended, is hereby amended to read as follows:
''(b) During time of war or during any other period of national
emergency declared by the President, the President may, through any
agency that he may designate, or otherwise, investigate, regulate, or
prohibit, under such rules and regulations as he may prescribe, by means
of licenses or otherwise, any transactions in foreign exchange,
transfers of credit between or payments by banking institutions as
defined by the President, and export, hoarding, melting, or earmarking
of gold or silver coin or bullion or currency, by any person within the
United States or any place subject to the jurisdiction thereof; and the
President may require any person engaged in any transaction referred to
in this subdivision to furnish under oath, complete information relative
thereto, including the production of any books of account, contracts,
letters or other papers, in connection therewith in the custody or
control of such person, either before or after such transaction is
completed. Whoever willfully violates any of the provisions of this
subdivision or of any license, order, rule or regulation issued
thereunder, shall, upon conviction, be fined not more than $10,000, or,
if a natural person, may be imprisoned for not more than ten years, or
both; and any officer, director, or agent of any corporation who
knowingly participates in such violation may be punished by a like fine,
imprisonment, or both. As used in this subdivision the term 'person'
means an individual, partnership, association, or corporation.”
Now
that wasn’t too bad – was it? I don’t know. I guess it would
depend on what the original act said, and just what changes or
amendments have been made. Man, they sure made this stuff hard to track
down. But we shall remain undaunted and stand steadfast at the task
before us. So onward to the original act for comparison.
Section
2.
Subdivision (b) of section 5 of the Act of October 6, 1917 (40 Stat. L.
411), as amended, is hereby amended to read as follows:
Within the Act they rewrote Section 5(b) of the "Trading with
the enemy Act" of 1917.
“During
time of war or any other period of national emergency declared by the
President,
That the President may , through any agency that he may
designate, or otherwise, investigate, regulate, or prohibit, under
such rules and regulations as he may prescribe, by means of licenses or
otherwise, any transactions in foreign exchange, export or
earmarkings of gold or silver coin or bullion or currency, transfers
of credit between or payments by banking institutions as defined by
the President, and export, hoarding, melting, or earmarking of gold or
silver coin or bullion or currency, in any form (other
than credits relating solely to transactions to be executed wholly
within the United States);
and transfers of evidence of indebtedness or of ownership of property
between the United States and any foreign country, whether
enemy, ally of enemy or otherwise,
or between residents of one or more foreign countries,
by any person within the United States or any place subject to the
jurisdiction thereof; and he the President may require
any such person engaged in any such transaction referred to in
this subdivision to furnish, under oath, complete information
relative thereto, including the production of any books of account,
contracts, letters or other papers, in connection therewith in the
custody or control of .such person, either before or after such
transaction is completed..."
As
can readily be seen, two points stick out like two swollen thumbs. And
both are of unbelievable importance, with even more important
ramifications and consequences. Another set of nemeses, the Incubus and
Succubus Discouri Twins.
- Transactions
solely and wholly within the United States had been exempt in the
original
[yet
now such transactions were no longer exempt]
- The
act covered property of foreign countries, whether enemy,
ally of enemy
or otherwise
In
the original [in the amended section the designation of enemy is left
out except in the title and the general reason and reference for
confiscation, which makes it seem like we are the enemy]
One
can search from now until the end of time, and you will not find any
mention of enemy or the use of the word enemy in the amended section as
stated in the Emergency Banking Relief Act of 1933. Nor can one find
that transactions solely and wholly within the United States are exempt.
As
a matter of fact, the amendment contains exactly the opposite wording,
meaning, and definitions.
“...any
transactions in foreign exchange, transfers of credit between or
payments by banking institutions as defined by the President.”
“...or
currency, by any person within the United States or any place subject to
the jurisdiction thereof...”
Now,
hopefully I am wrong, and would love to have someone correct me, but it
appears that by taking the words and reference to enemy out of the body
of what is the Trading With The Enemy Act, and replacing it with any
person within the United States, which persons were exempt in the
original act, it now sounds like We The People or any person within the
United States could now be considered “the enemy”. Remember the act
is still designated as The Trading With The Enemy Act. Double Hmm. Major
bummer.
And
because of it’s relevancy to the issue of money and debt, the
following is sited from the Emergency Banking Relief Act of 1933:
A CRYING SHAME
TITLE
IV
Sec. 401. The sixth, paragraph of Section 18 of the Federal
Reserve Act is amended to read as follows:
''Upon
the deposit with the Treasurer of the United States, (a) of any direct
obligations of the United States or (b) of any notes, drafts, bills of
exchange, or bankers' acceptances acquired under the provisions of this
Act, any Federal reserve bank making such deposit in the manner
prescribed by the Secretary of the Treasury shall be entitled to receive
from the Comptroller of the Currency circulating notes in blank, duly
registered and countersigned.
When
such circulating notes are issued against the security of obligations of
the United States, the amount of such circulating notes shall be equal
to the face value of the direct obligations of the United States so
deposited as security; and, when issued against the security of notes,
drafts, bills of exchange and bankers' acceptances acquired under the
provisions of this Act, the amount thereof shall be equal to not more
than 90 per cent of the estimated value of such notes, drafts, bills of
exchange and bankers' acceptances so deposited as security.
Such
notes shall be the obligations of the Federal reserve bank procuring the
same, shall be in form prescribed by the Secretary of the Treasury,
shall be receivable at par in all parts of the United States for the
same purposes as are national bank notes, and shall be redeemable in
lawful money of the United States on presentation at the United States
Treasury or at the bank of issue.
The
Secretary of the Treasury is authorized and empowered of prescribe
regulations governing the issuance, redemption, replacement, retirement
and destruction of such circulating notes and the release and
substitution of security therefore. Such circulating notes shall be
subject to the same tax as is provided by law for the circulating notes
of national banks secured by 2 per cent bonds of the United States.
No
such circulating notes shall be issued under this paragraph after the
President has declared by proclamation that the emergency recognized by
the President by proclamation of March 6, 1933, has terminated, unless
such circulating notes are secured by deposits of bonds of the United
States bearing the circulation privilege.
When
required to do so by the Secretary of the Treasury, each Federal reserve
agent shall act as agent of the Treasurer of the United States or of the
Comptroller of the Currency, or both, for the performance of any of the
functions which the Treasurer or the Comptroller may be called upon to
perform in carrying out the provisions of this paragraph.
Appropriations
available for distinctive paper and printing United States currency or
national bank currency are hereby made available for the production of
the circulating notes of Federal reserve banks herein provided; but the
United States shall be reimbursed by the Federal reserve bank to which
such notes are issued for all expenses necessarily incurred in
connection with the procuring of such notes and all other expenses
incidental to their issue, redemption, replacement, retirement and
destruction.” [Emergency Banking
Relief Act of 1933: TITLE IV Sec. 401]
Pretty
heavy stuff, whatever the hell it means. Where’s Krugman just when you
need him. Well, I’ll give translating the above into English a try.
Remember
how once upon a time, our monetary system was according to the
Constitution – a hard money system of silver and gold coins. Then
eventually paper bank notes were issued and “backed” by silver and
gold in fractional reserve style. Finally, our monetary system devolved
into a dysfunctional mess of purely fiat paper money, backed by nothing
but empty promises or obligations – debt.
Well,
section 401
as above, goes a long, long way in
debasing our original constitutional hard monetary system of real money,
where payment of debt could actually be with or by the currency, because
the currency was not representative of debt or promises to pay, as in
obligations, but was the means to pay off such debt with; to the present
day monetary system where the currency in circulation is backed by
nothing but other government obligations of paper debt, i.e. bonds.
We
went from a monetary system of assets, of real, honest money, in the
constitutional form of silver and gold coin, to a debt system backed by
mere promises to pay, by other obligations of debt, a dishonest monetary
system of wealth transference. This is what the paragraph that reads as
follows is talking about – the Discouri Twins – the Succubus and
Incubus Nemeses of despair:
“When
such circulating notes are issued against the security of obligations of
the United States, the amount of such circulating notes shall be equal
to the face value of the direct obligations of the United States so
deposited as security;”
Our
monetary system just stepped over the edge, into the abyss, we now have:
A
public national credit system where debt is legal tender
money which is allowed to circulate and to be accepted as the Currency.
Such
a system is the elite collectivist’s dream come true, as it is the
perfect wealth transference mechanism. See
Honest
Money Series,
Gold:
Sovereign of Sovereigns, and
Silver
IS Money for
a detailed discussion of this issue.
Suffice
it to say that such a system is a vile and wicked creature – an
abomination that walks the face of the earth in darkness.
To
view the entire Emergency Banking Relief Act of 1933 click on American
History Documents II.
JUST TO BE CLEAR
What
the above says, is that all our good
faith and credit was pledged as the surety for the debt by the
same Congress who created the means that allowed the debt issuance in
the first place. And how was this done, by House Joint Resolution 192,
quite a piece of work all on its own:
On
June 5, 1933, Congress passed House Joint Resolution 192 in order to
suspend the gold standard and to make it appear that the gold
clause in the national constitution had been revoked.
However,
we know that such cannot be lawfully done without a constitutional
amendment, which has never occurred. Since the passing of
this resolution in 1933:
No
person in America has been able to lawfully pay off a debt
House
Joint Resolution 192
States
in part that:
“Whereas
the holding or dealing in gold affect the PUBLIC INTEREST, and are
therefore subject to proper regulation and restriction: and whereas the
existing emergency has disclosed that provisions of obligations which
purport to give the obligee a RIGHT TO REQUIRE PAYMENT in gold or a
particular kind of coin or currency....ARE INCONSISTENT WITH THE
DECLARED POLICY OF CONGRESS IN THE PAYMENT OF DEBTS...........
...........PAYMENT
in gold or a particular kind of coin or currency, or in an amount in
money of the united States measured thereby, IS DECLARED TO BE AGAINST
PUBLIC POLICY:
........................AND...........EVERY
OBLIGATION, HERETOFORE OR HEREAFTER INCURRED, SHALL BE DISCHARGED upon
payment, dollar for dollar, in any coin or currency which, at the time
of payment, is legal tender for public and private debts....
All
coins and currencies of the United States (including Federal Reserve
Notes and circulating notes of Federal Reserve banks and national
banking associations) heretofore, or hereafter, coined or issued, SHALL
BE LEGAL TENDER for all debts, public and private, public charges,
taxes, duties, and dues,....”
[House
Joint Resolution 192, 73d Congress, Sess.I, Ch. 48, June 5, 1933 (Public
Law No. 10 )]
As
I said, it is quite a piece of work, one I would not want on my resume,
especially the one you hand in at the big interview – the reckoning,
prior to being allowed to pass through those big white pearly gates.
It is
no longer possible in this great country of ours, to any longer be able
to lawfully pay a debt. Nor is it possible to truly or lawfully own
anything.
All
one can do, is tender in transfer of debts, to offset one debt with
another, to transfer debt from one owner to another, which means the
debt is perpetual – it can not be paid off under the present monetary
system.
The
suspension of the gold standard, and prohibition against paying debts,
removed real honest money and payment of debt from the system and
replaced it with a national public credit system, where debt is legal
tender money, and is circulated and accepted as the currency.
It
is quite obvious from the above, that Roosevelt not only messed with our
hard money system of the Constitution – he confiscated it, which would
seem to go against the constitutional right of private property and or
just compensation. Which in turn:
Would
also appear to go against his oath of office to uphold and protect the
Constitution
The
year 1933, saw a general banking crisis bad enough for the government to
declare a national emergency, which meant that in only twenty short
years after being given the reigns of control over our monetary system,
the Fed screwed the whole thing up bad enough to warrant a national
crisis, which supposedly was one of the Fed’s raison d’etres for
being – to stop panics, and runs on banks, etc.
To
avert exactly just what they had created – a
National
Emergency and Crisis
And
yet we find that it was the Federal Reserve that was dictating
Presidential Policy to the President as to how to handle the crisis, the
crisis it had caused. It was the Federal Reserve that wrote the
blueprint to save the banks – by confiscating and outlawing We The
People’s Gold, which is one of the most basic and important rights
that the Constitution grants. Where was the protection of our
constitutional rights?
Why
it almost sounds like something the Weimar Republic would do, not the
United States of America – the home of the free and the brave. Now
Remember what was done to save the banks:
We
The People’s Gold Was Called In – Confiscated – Some say it was
Stolen.
It
Became Illegal and a Federal Crime to own Gold, the Original Real Money
of our Constitution
And
these far sweeping changes were implemented in less than 40 minutes by
Congress. Here is what a true representative of the people, and a honest
patriot of the country said about the passage of this bill:
What
had just transpired in the House during the session was best expressed
by
Congressman
Lundeen:
“Mr.
LUNDEEN. Mr. Speaker, today the Chief Executive sent to this House of
Representatives a banking bill for immediate enactment. The author of
this bill seems to be unknown. No one has told us who drafted the bill.
There appears to be a printed copy at the speakers desk, but no printed
copies are available for the House Members. The bill has been driven
through the House with cyclonic speed after 40 minutes debate, 20
minutes for the minority and 20 minutes for the majority.
I
have demanded a roll call, but have been unable to get the attention of
the Chair.
Others have done the same, notably Congressman SINCLAIR of North
Dakota, and Congressman BILL LEMKE, of North Dakota, as well as
some of our other Farmer Labor Members. Fifteen men were standing,
demanding a roll call, but that number is not sufficient; we therefore
have the spectacle of the great House of Representatives of the United
States of America passing, after a 40- minute debate, a bill its
Members never read and never saw, a bill whose author is unknown.
The great majority of the Members have been unable to get a minute's
time to discuss this bill; we have been refused a roll call; and
we have been refused recognition by the Chair. I do not mean to say that
the Speaker of the House of Representatives intended to ignore us, but
everything was in such a turmoil and there was so much excitement that
we simply were not recognized.
I
want to put myself on record against procedure of this kind and against
the use of such methods in passing legislation affecting millions of
lives and billions of dollars.
It seems to me that under this bill thousands of small banks will be
crushed and wiped out of existence, and that money and credit control
will be still further concentrated in the hands of those who now hold
the power.
It
is safe to say that in normal times. after careful study of a printed
copy and after careful debate and consideration, this bill would
never have passed this House or any other House. Its passage could
be accomplished only by rapid procedure, hurried and hectic debate, and
a general rush for voting without roll call.
I
believe in the House of Representatives. I believe in the power that was
given us by the people. I believe that Congress is the greatest and most
powerful body in America, and I believe that the people have vested in
Congress their ultimate and final power in every great, vital question,
and the
Constitution bears me out in that.
I
am suspicious of this railroading of bills through our House of
Representatives, and I refuse to vote for a measure unseen and unknown.
I
want the RECORD to show that I was, and am, against this bill and
this method of procedure; and I believe no good will come out of it for
America.
We must not abdicate our power to exercise judgment. We must not allow
ourselves to be swept off our feet by hysteria, and we must not let the
power of the Executive paralyze our legislative action. If we do, it
would be better for us to resign and go home-and save the people the
salary they are paying us.
I
look forward to that day when we shall read the bill we are considering,
and see the author of the bill stand before the House and explain it,
and then, after calm deliberation and sober judgment-
after full and free debate-I hope to see sane and sensible legislation
passed which will lift America out of this panic and disaster into which
we were plunged by the World War.”
[77
CONG. REC. 83 1933]
Man,
does the above seem awfully reminiscent of the manner in which the
Federal Reserve Act was pushed through Congress on Christmas Eve. Rush,
rush, rush; hurry, hurry, hurry – before anybody has time to figure
out what’s happening. Do you see a pattern of behavior forming in
regards to Federal Reserve policy? Or in the least, within the
legislative acts that involves the Fed?
Who
Died and Left Them King?
Unfortunately,
it seems to becoming clearer and clearer, as to why those earlier charts
and graphs all took a big turn of change right around 1932-1933. Lots of
“stuff” going on in those few years.
What
else could one expect from a national banking emergency and crisis that
was “fixed” by confiscating the people’s gold and giving it to the
banks to bail themselves out with. That should have created some kind of
turbulent repercussions, as that was not subtle behind the scenes action
– that was gut wrenching, pull your heart out, see if you can survive
action.
And
it did send shock waves through the land, some still being felt today.
Some survived, some didn’t. Some still feel the aftershocks even now,
some don’t. But scars have been left behind, covering the face of the
land. Cui Bono?
It
almost sounds like somebody went bankrupt, or would have, if they
didn’t get all that gold into their grimy little clutches. They say
there was a National Crisis, but they got it wrong, again:
The
Real Crisis was Stealing the People’s Gold and Stomping all Over the
Constitution.
1933
was a scary time, as good, honest, hard working people had come upon
hard times, by the tens of thousands. There was pain and suffering
throughout the land. The air was thick and heavy, with a feeling of
despair permeating the air.
Even
the mighty winds dared not blow, and had gone into hiding, as the
dreaded Twins of Nemesis – the Incubus and Succubus creatures, were
out ravaging the land, searching for unwary victims by night, and
trusting souls during daylight.
First,
the people’s gold and silver coin money, the honest money of the
Constitution, was taken from them, and then it was made illegal to own
or have possession of – a right of ownership of private property
granted by the Constitution – The Supreme Law of the Land.
Next,
the people were forced to accept paper money, no longer redeemable in
gold and silver coin. This certainly was a New Deal, sounds more like a
Raw Deal.
Is it any wonder that a social security insurance system would rise from
the ashes of the demise of the hard money system of the Constitution.
Something,
anything, had to be offered to the public, to make it appear that the
government was in control of the fiscal and monetary affairs of the
country, and that the people would be “taken care of”. If the people
are dependent upon the government, then the government has complete
control over them.
So
what talisman did the government offer to the people, tossed as a bone
to a starving dog: Social
Security.
Let’s
hope that Jefferson’s vision of the future is wrong, and his words at
the beginning of this paper do not come to pass, or if they have come to
pass, that they are balanced by the reckoning, so as to wipe the slate
clean, to provide a sound foundation upon which to build. Where
dependence goes, so goes liberty and freedom – that’s why they
called it:
The
Declaration of Independence
Part
five to be forthcoming.
~
Truth and Falsehood ~

"If
your wealth was acquired ... by disturbing the tombs of ancient kings
which are full of gold and treasure,
you deserve not only to be put on your trial, but also to forfeit your
life; for these things are wealth,
no doubt, but of an infamous and inhuman kind."
[Flavius Philostratus, Life of Apollonius of Tyana]

© 2005 Douglas V. Gnazzo
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