Becraft debunks the fake Traficant speech about US Bankruptcy
Bob Hurt
Attorney Larry Becraft does what few other attorneys bother with. He takes patriot myths in hand, researches the alleged facts at the root of the myths, and then uses actual facts to debunk and refute the myths.
Here I provide a case in point. A patriot myth floats around
that the US Government went bankrupt in 1933. When thinking
patriots inquire as to proof, the myth mongers come up with BUBKES
(goat droppings, or in other words, nothing of value). Some point
to the James Traficant speech in Congress in 1993 in which he
claimed that Congress was presiding over Chapter 11 bankruptcy of
the US Government.
Congress does not preside over bankruptcies. That is under purview of the judiciary. When you read what the myth mongers claim, you see comments vastly different from actual comments by Traficant.
The attached actual record shows the following. Read it and contrast it with what the myth mongers promulgate.
************ Start of Congressional Record excerpt
************************
CONCURRENT RESOLUTION ON THE BUDGET, FISCAL YEAR 1994 (House of
Representatives - March 17, 1993)
Mr. TRAFICANT. 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.
I am going to support the rule. I am not sure yet if I will support this budget. I want to hear an
awful lot more, not being a member of the committee, and I am not going to vote for things I do
not understand or do not like, but let there be no mistake. After 12 years of Ronald Reagan and
George Bush, we are standing here.
Let me say this to the minority party. Every program that Ronald Reagan wanted in 1981, he
got. Reagan got it. There was a Republican Senate majority and there were 70 Democrats in this
House that might as well have been Republicans, and we have the program.
The major assumption was very simple. We are going to cut taxes, put money in the pockets of
the American people, and when they spend this money our gross national product is going to rise
so great that even though we reduced your tax liability on a percentile basis, we will balance the
budget, quoting Ronald Reagan, in 1982. It is going to take the fall of our Congress, I think, for
that to happen.
Mr. Speaker, let us give this new administration a chance. Democrats gave Ronald Reagan a
chance.
But let me give one word of caution here today. America already has race wars, let us be honest
about it. We already have gender wars, let us be honest about it. We already have age wars, let
us be honest about it.
One thing this Congress had better not get involved in and get trapped into is a class war on
money. In America, if you can not earn all that you can, there is something wrong and there is
no more a spirit of free enterprise.
I want to say this to the Members. We may talk about taxing the rich, but the rich people have
already taken their companies and their jobs out of America. Be careful that the rich people do
not take their money out of America, because the government already raises our kids, defends
our families, educates our kids, feeds our kids, houses our kids, and the government it doing a
very poor job of it. I think mom and dad would be better utilized there once again.
not to solve real problems. No more choosing delay over than action; argument over solution.
This week Members have a choice. They can smugly play the role of naysayer, continue business
as usual, aspire to the least common denominator, grasp for gridlock.
Or they can support the most far reaching budget package that the Congress has ever
considered.
The President did his job, and the Budget Committee made the package even better. The
American people overwhelmingly want Congress to give the President's plan a chance.
So, now it is our turn. It is put up or shut up time for Congress.
************** End of Congressional Record Excerpt *********************
-------- Forwarded Message --------
| Subject: | More BS: the fake Traficant speech |
|---|---|
| Date: | Mon, 5 Sep 2016 13:34:49 -0500 |
| From: | Larry <bec...@hiwaay.net> |
The contention that there was some bankruptcy of the United States back in the early '30s got its start about 20 years ago and its basis was the fabricated quote attributed to Traficant appearing in the March 1993 issue of the Congressional Record. When I first encountered the contention, I went to a library and got a copy of that page from the Congressional Record and learned that it was indeed a fabrication. That page I copied then is attached as well as the same page I pulled from the Cong Record posted on the Net. Please read them.
This movement is plagued by gurus who are nothing but liars, conmen, crooks and thieves whose purpose is to mislead this movement and make it useless because too many people believe nothing but lies. This battle will not be won by lies and those who distribute them like Crackpot Arnie.
I analyze just a few of Fake Judge Anna's "arguments" here:
http://home.hiwaay.net/%7Ebecraft/FakeJudgeAnna.html
She makes up garbage and then deceives people. Crackpot Arnie, having honed his skills at being a liar over the decades of his working career, is a willing accomplice to the deceit practiced by the fake judge.
Larry, Chairman
Committee to Lynch the Gurus
On 9/5/2016 4:08 AM, common law wrote:
Dear Larry,
without prejudice; merely to educate you; please do go thru all federal acts and find all the insolvency acts;
South Africa, where we hail from, has no less than 17 insolvency acts since 1916;
here is one for you to refute:
The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Original source link on anf.org
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
“Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.
It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States?’
Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be “money” in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency.” Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not “money.” A Federal Reserve Note is a debt obligation of the federal United States government, not “money?’ The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.
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.”
On 4 September 2016 at 01:32, Arnie Rosner <ar...@arnierosner.com> wrote:
There is no longer any credible history due of the lack of integrity and honor of those who support the same position expressed in this response. the end results stand on their own.
Fraud vitiates all.
On Sep 3, 2016, at 2:10 PM, Larry <bec...@hiwaay.net> wrote:
Hey Fake Judge Anna,
I have learned since I first met you that telling lies is an art form for both you and Crackpot Arnie Rosner. For years, there has been a completely baseless contention floating around, promoted by gurus like you and Crackpot Arnie, that there was a bankruptcy of the United States back in the early 1930s. Of course, lots of gurus have made this argument, but nobody has ever proved it, the contention being nothing but guru mythology, the purpose of which is to deceive the gullible.
You offer below an extract from the Congressional Record that you claim is proof of the 1930s bankruptcy, but let me present the real historical facts. After WWI, Germany was loaded down with war reparations, the payment of which resulted in the downfall of the Weimar Republic due to hyper-inflation in the early 1920s. The financial condition of Germany was exacerbated when the Great Depression hit in late 1929. By 1930 and early 1931, most of Europe was prostrated by the depression, and payment of the WWI reparations, and indeed payments of loans from debtor nations to creditors nations was creating serious economic problems and hardships. The United States was a creditor for Germany, being owed reparations and other debts.
In the summer of 1932, conferences in London and Geneva were held to address these problems, and Prez Hoover sent representatives. See:
https://en.wikipedia.org/wiki/London_Economic_Conference
While a tentative agreement was reached, it still would have required the agreement of Congress after that to relieve debts owed to the United States, including those owed by Germany.
Some historical facts regarding these events may be learned by reading some of Prez Hoover’s statements regarding this matter, posted here:
Telegram to Members of the Congress About the Moratorium on Intergovernmental Debts.
June 23, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22722
White House Statement About Latin American Debts.
June 27, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22725
Statement on the Moratorium on Intergovernmental Debts and Reparations.
July 6, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22735
Message to Senator Arthur Capper About the Domestic Impact of the European Economic Crisis.
July 18, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22748
Statement on the London Conference of Ministers.
July 23, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22750
White House Statement on the American Proposal to the London Conference of Ministers.
July 23, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22751
Messages Congratulating the Secretary of State and the Secretary of the Treasury on Their Roles in the London Conference of Ministers.
July 23, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22752
The President's News Conference.
August 25, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22786
White House Statement About an International Conference on World Trade.
September 15, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22805
The President's News Conference.
September 22, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22811
Message to the Congress on United States Foreign Relations.
December 10, 1931
http://www.presidency.ucsb.edu/ws/index.php?pid=22936
The link immediately above notes that on Dec. 15, 1932, lots of debtor nations were required to make payments on their debts to the United States.
With this background in mind, let me explain the “quote” you make below that is claimed to support your contention of the bankruptcy of the United States in the early 1930s. As usual for you, you cite some legal authority but NEVER provide the actual document that is the source for your quote. I, however, provide as an attachment hereto the several pages from the Dec. 13, 1932, House Congressional Record from which your quote is derived. Your quote is from a resolution offered by Louis McFadden to impeach Prez Hoover. If you read the whole resolution, it is clear that Hoover was engaged in what the historical record reveals: an international effort to provide relief to debtor nations, with the US being their creditor (especially Germany). These facts were recounted in McFadden’s impeachment resolution.
The last page of the attachment shows that McFadden’s resolution to impeach Prez Hoover, offered a mere 2 days before debtor nations were to make payments to creditor United States, was tabled, an overwhelming defeat for McFadden.
What I state above does not mean that I dislike McFadden, who was a man I hold in high regard. However, what you provide below to support your false claim of the bankruptcy of the United States is exposed for the lie that it is.
Larry, Chairman
Committee to Lynch the Gurus
On 9/1/2016 1:53 PM, Anna von Reitz wrote:
Page 400CONGRESSIONAL RECORD – HOUSE DECEMBER 13, 1932
Proof the 1933 Bankruptcy was a staged event as the international bankers met at Basel. This from the Congressional Record – House: December 13, 1932.
“...whereas such agreements entailed the surrender of rights of the United States and whereas the said agreement so made have never been disclosed or submitted to the Congress of the United States for ratification and have never become law in the United States: and whereas a second conference, composed of a committee appointed by direction of the aforesaid London Conference under stipulation it should consist of representatives nominated by the governors of the central bank interested and that it was to take place at Basel under the Bank of International Settlements; and whereas Albert H. Wiggin appeared at the said conference at Basel as the representative of the United States on the nomination of George L Harrison, of the Federal Reserve Bank of New York, an individual who had no power to make the said nomination and whereas control of all the banking system of the United States including the fiscal agents of the United States Government with their control of United States Treasury funds was given to this London Conference committee , consisting of Albert H. Wiggin, Alberto Beneduce, Dr. R. G. Bindschedler, E. Fringul, P. Hofste de de Groot, Walter T. Layton, C. Melchoir, E. Moreau, O Rybeck, T. Tanka, upon which the so-called United States representative was out numbered nine to one by the control of all banking system and all the wealth of the United States and control of the United States Treasury was thus given to foreign powers; and whereas actions taken by the said committee made it impossible for the banks of the United States to withdraw the funds of their depositors and other funds from Germany and obliged the banks of the United States continually to maintain the volume of their funds in Germany and made it impossible for the Treasury of the United States to withdraw moneys unlawfully taken from it and placed in Germany; and whereas such actions in regard to the banks and banking system of the United States were unlawful and where unnecessary for any benefit to Germany, whose economic and budgetary situation according to the report of the London conference did not justify a lack of confidence; and whereas the said actions were taken as measures of deflation against the American people to impound United States funds in Germany under foreign control, to paralyze United States Banks, to injure the United States Treasury, and to keep the United States in a condition of depression until misery and fear and starvation would drive the people of the United States into submission and compel them to cancel the war debt owed to them; and whereas the said Wiggin had no lawful power to represent the banking system of the United States at the said conference at Basel; and whereas the nomination of the said Wiggin by an individual at the direction of the ministers of Great Britain, France, Germany, Belgium, Italy, Japan and the United States was unlawful; and whereas the agreements made and the action taken by the London Conference committee at Basel have never been submitted to the Congress of the United States; and whereas billions of dollars in bank deposits have been lost by American citizens on account of the said agreements, and many United States banks have failed by reason of them and the Reconstruction Finance Corporation has made loans of public money to banks and institutions injured by them and the public debt of the United States and the deficit in the United States Treasury have been increased by the actions of the London Conference committee at Basel; and whereas the said actions were taken on the initiative and by the direction of the said Hoover; and whereas the still-holding agreements entered into at Basel by the said Wiggin was unlawful and was prepared concurrent with the terms of the Hoover moratorium proposal by the said Hoover and others and was presented to the London conference by Henry L. Stimson as a joint product of British and American participation and was a part of a conspiracy designed to force the United States into submission to foreign nations and international bankers and thus to obtain cancellation of the war debts; and whereas in violation of the Constitution and laws of the United States, Herbert Hoover, President of the United States, initiated the London Conference and the Prearranged events which flowed from it; and whereas the London Conference was deceitfully initiated by the said Hoover for the purpose of securing cancellation of the war debts as shown by facts and circumstances; and whereas the Harold Tribune published a report at the close of the London Conference, a part of which reads as follows:
"If, as these British leaders expect, the committee recommends a considerable extension of credits to Germany ; if it indicates, further, that permanent amelioration of that situation depends upon reconsideration of the war debts and reparations problem, and if the interested powers take action along these lines the British admit that something indeed will have been accomplished…."No virus found in this message.
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