James Traficant Jr. Bankruptcy Speech
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.
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, 73 rd Congress m session June 5, 1933 - Joint Resolution To Suspend
The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States
and the official capacities of all United States Governmental Offices, Officers, and Departments and is
further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the
World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are
now operating within a de facto status in name only under Emergency War Powers. With the Constitutional
Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of
government for the United States. This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for America. This act was instituted and
established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of
the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S.
Secretary of Treasury receives no compensation for representing the United States?'
Gold and silver were such a powerful money during the founding of the united states of America, that the
founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver
coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check
was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not
money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or
silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal
Reserve Note is a debt obligation of the federal United States government, not "money?' The federal United
States government and the U.S. Congress were not and have never been authorized by the Constitution for
the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.
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?
https://archive.org/stream/pdfy-e91lgFZ1CSW9t87q/JamesTraficantJr.OhioBankruptsyofUNITEDSTATES_djvu.txt
Emergency Banking Act of 1933
March 9, 1933
Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation was aimed at restoring public confidence in the nation’s financial system after a weeklong bank holiday.
https://www.federalreservehistory.org/essays/emergency_banking_act_of_1933
What was the 'Emergency Banking Act Of 1933'
The Emergency Banking Act of 1933 was a bill passed during the administration of U.S. President Franklin D. Roosevelt in reaction to the financially adverse conditions of the Great Depression. The measure, which called for a four-day mandatory shutdown of U.S. banks for inspections before they could be reopened, sought to restore investor confidence and stability in the banking system. Banks were only allowed to re-open once they were deemed financially sound.
The act was passed during this shutdown, in hopes that Americans would renew their confidence by the time the banks re-opened. It also extended the power of the president during this time of hardship, allowing him the executive power to make the decisions necessary to salvage the economy.
The first banks to re-open were the 12 regional Federal Reserve banks, on March 13. These were followed the next day by banks in cities with federal clearing houses, and the remaining banks deemed fit to operate were allowed to re-open on March 15.
https://www.investopedia.com/terms/e/emergencybankingact.asp