The Paradox of Credit and Debt

Which came first the chicken or the egg

The answer is neither. This paradox rests on the assumption, one precedes the other, which is false. The egg and the hen are one, as one cannot exist without the other. The false recursive step also suggests a linear path, which is also quite misleading. Without a Rooster there can be no hen. If there is no left there is no right. No male— no female. What is neither can become both or none at all. Asking a clever question in this case results in a paradox because every answer is false and not the truth. There can be no chickens without roosters and hens, who lay eggs, which when hatched, in turn can be hens or roosters. This is not a paradox. Asking what species of birds gave rise to the current sub-species is also not a paradox. It is only when the question is reduced to a single instance can a paradox arise by excluding everything else known about species of birds which include chickens.

Credit and debt are in the same false paradox trick package, but in this case which precedes the other determines the flow of interest— how odd it is that in all this time— no banker for the government has ever figured out a way to make money for the public, as they do for themselves. In fact, the whole scheme has been a ruthless, manipulation of Public Credit to achieve the banker wet dream of Public Debt pools so massive, why they are in the trillions of synthetic-dollars today, yielding interest-money from nothing. And all propped up “ON” [it is a special word apparently] taxpayers hooked to the giant debt machine, not unlike those poor bastards forever asleep in the false world in the movie Matrix. Which is worse, to be a debt slave or a credit slave?

In America, the citizen is actually caught in the gray area in-between. A story just out Monday the 20th,

“Senate investigators: Apple sheltered $44 billion from taxes.”

Nothing unique about a corporation doing its best to lawfully minimize the liability of the “Incomes Tax” by diversifying the operations of the corporations itself.

From the article:

“However, Apple’s top-tier “offshore holding company,” called Apple Operations International, doesn’t actually have an official tax residence, according to the committee’s new findings. Without residency, it’s able to exploit “the gap between the two nations’ tax laws” — allowing Apple, for example, to rake in income of $30 billion between 2009 and 2012 without filing a corporate income tax return anywhere, the report concludes.” Read more:

Without Residency? If a typical U. S. individual taxpayer tried this “gap method”  no doubt the result would be a lengthy visit to the big house and hefty penalties  and fines. IN another article, Ron Paul re-iterated his stance on the bigger issue as reported by, By David Sherfinski  – The Washington Times:

“Former Rep. Ron Paul of Texas called the recent IRS fiasco troubling — but writes that the only way Congress can protect the freedoms of Americans from a long pattern of suspected IRS abuse is to “shutter the doors” of the agency “once and for all.”

The longtime GOP congressman writes that IRS agents in the 1930s were essentially “hit squads” against opponents of the New Deal, and that allegations of IRS abuse spanned the administrations of Presidents Kennedy, Nixon, Clinton and George W. Bush.”

A quick link leads to another article by the same author, on another leg of the scandal:

“The White House counsel’s office knew that a Treasury Department inspector general’s report about the IRS targeting conservative groups had been completed in April — weeks before the matter became public.

The New York Times reported the revelation as news as White House senior adviser Dan Pfeiffer launched a vigorous defense of the administration in a round of appearances on the Sunday talk shows, reiterating that President Obama knew nothing about the misdeeds within the agency.”

Obviously, the Scholar-in-Chief, can’t be expected to know every single nefarious deed being carried out by low level IRS agents, but he can be expected to at least comprehend that such activities only add to the general perception; that the IRS has a long history of carrying out political hits on behalf of those who seek to use its information, for purposes of their own foul necessity and design. One only needs to ask— who benefits from the action— is to know why the action occurred. Nobody is asking that question specifically. What was gained by these low-level flunkies? Nothing. So why was it important to target these groups? What threat do these people actually pose as tax-exempt conservative groups to the D.C. gang which operates with near impunity? Could it be they are aware of the erosion of unalienable rights? The proper understanding of the Law? Or a political form of retribution for asking too many questions about the Obama-in-chief?

The critical importance of understanding the riddle of credit and debt is who benefits.  A 1946-1964 silver dime on May 21, 2013  has a total melt value of $1.63[rounded up] .  A 1856-1889 Liberty Gold Dollar Type 3  —  $1.00    is worth today —$66.59. The rounded up silver value for the 1878-1921 silver Morgan dollar on May 21, 2013 is  $17.36 .   A debt dollar is worth only what it can purchase. That would be around .04 cents as compared to 1913. A silver dollar is tangible money, a synthetic dollar is intangible because it is a Debt Note—legal tender law— which cannot be redeemed in Coin specie. Does the graven image of a former president actually make it worth something? And would Jackson be appalled that his enemies put him on their Note? The piece of linen is worth no more or less, no matter what picture is printed on the face. As a commodity it slips past the factual meaning of money, add super-hype commercialization SALES BUY SPEND and the greatest racket ever concocted by criminal master-minds keeps those masses … taxpayers right where the syndicate kings want them. Absolutely dependent on that illusion of confidence being sold– which is faith—  there is something in that big top hat after all. There isn’t.

One of my favorite old style conspiracy quotes: “The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.” Franklin D. Roosevelt, U.S. President, in a letter written Nov. 21, 1933 to Colonel E. Mandell House.

Which leads to this old gem of conspiracy fables:

Edward Mandell House had this to say in a private meeting with President Woodrow  Wilson:  “Very soon, every American will be required to register their biological property in a national system designed to keep track of the people [birth certificate?] and that will  operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a charge-back for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.

Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will  be none the wiser, for not one man in a million could ever figure our plans and,  if by accident one or two should figure it out, we have in our arsenal plausible deniability.

After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call “Social Insurance.” Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.”

Which connects to yet another conspiracy blurb from the net:

(author unknown – source: citizens of the United States of America)

Registration” comes from Latin “rex, regis” etc. meaning regal. So think about what occurs to whatever you ‘register’ – you hand legal title over to the Crown. When you register anything with the public, it releases legal title to the government corporation and leaves you with only equitable title – the right to use, not own, and for that use you will pay a ‘use’ tax which is every tax, be it income, sin, sales, property, etc. as opposed to lawful taxes, excise and impost. So that it doesn’t appear that the government now owns the property which you have registered they put it in a name which so much resembles your own that you won’t suspect it, however, the NAME is owned by the government. If you choose rather to record your legal title to your property with the public, you maintain your status as Title Owner. This is one of the most important things you can ever learn for the sake of your commercial affairs.

The best example of the effects of registration is the birth certificate. A bankrupt entity – city, state/ province, country – cannot operate in commerce. So how do they manage? Since USA/CA have been bankrupt for decades, having no substance such as gold and silver to back it, the only asset it has are men and women and our labour. We are the collateral for the interest on the loan of the World Bank. Each of us is registered, via the application for a birth certificate.

The Treasury issues a bond on the birth certificate and the bond is sold at a securities exchange and bought by the FRB/BoC, which then uses it as collateral to issue bank notes. The bond is held in trust for the Feds at the Depository Trust Corporation. We are the surety on said bonds. Our labour/energy is then payable at some future date. Hence we become the ‘transmitting utility’ for the transmission of energy.

The USG/CAG, in order to provide necessary goods and services, created a commercial bond (promissory note), by pledging the property, labour, life and body of its citizens, as payment for the debt (bankruptcy). This commercial bond made chattel (property) out of us all. We became nothing more than ‘human resources’ and collateral for the debt. This was without our knowledge and/or our consent, via the filing (registration) of our birth certificates. When mums apply for a birth certificate, the application is registered. The legal title of her baby is then transferred from mum to the State. Mum is left with equitable title of her baby whom she can use for a fee – a ‘use tax’ – and since the property does not belong to her, she has to treat it in the manner, which the owner wants.”

I included the above examples of conspiracy theory simply because they have been around for awhile and sound plausible enough as an effective explanation for some of the more devious and sinister qualities lurking behind the walls of officialdom and money interests posing as ultimate authority. Those very same interests which apparently employ those non-federal IRS agents to do their dirty work for them across America.

Confessions of an IRS AGENT by Jack W. Wade Jr.,  April 1983

Morley Safer probably thought his report on the blind-siding of Feuer was a shocking expose of an IRS action that turned fifty taxpayers into welfare cases. But the Feuer case is not a story in which an IRS agent has careened out of control or the bureaucracy has mistakenly made a seizure that is not cost-effective for the government. In fact, the IRS never makes calculations of whether closing down a firm will add or subtract from the Treasury’s balance. The shutting down of Feuer Trucking was completely consistent with IRS policy. Perhaps Morley Safer thinks he has struck a mortal blow against the IRS by unveiling its tactics against Feuer Trucking. Instead, you should think of the report as an unpaid fifteen-minute commercial for the IRS, opportunely placed just after the week most folks got their W-2s in the mail and started to look their 1040s over. Morley Safer’s message, intended or not, is this: The IRS is a law unto itself. Watch out!

But from the inside the IRS is not the invincible force most people imagine. Fear and paranoia run from the national headquarters in Washington, D.C., to regional divisions and districts and finally down to the group managers who oversee the foot soldiers of collection – revenue officers. Group managers are berated and harassed by their bosses. They, in turn, berate and harass their revenue officers, who then pass their frustrations on to taxpayers.”

“The system turns revenue officers into basket cases. Unlike most jobs, there is little camaraderie or socializing after hours. In one northern Virginia office, the only thing the officers have in common is a doctor who plies them with Valium for their nerves. Most of my coworkers treated their job like a prison sentence, counting down the years and days until retirement. I never met a revenue officer really happy with his job.”

The job requires you to be the buffer between two desperate people – your group manager and the taxpayer. The taxpayer is desperate for the obvious reasons’ but the group manager is desperate because he needs you to turn out the statistics he needs to please his superiors. The revenue officer may dislike the delinquent taxpayer, but he hates the group manager. The group manager has the power of life and death over the revenue officer’s career. He can pile an overwhelming workload on you if he doesn’t like you. He can go over your cases with a fine-toothed comb and write you up for the slightest violation of IRS policy. Some districts don’t even give out collection manuals to their officers. The collection manual is thousands of pages of confusing instructions. Very little of it is law – most of it is IRS policy and operation procedure that is constantly being updated. Many group managers fear that if they hand it out revenue officers will “waste” time studying it and become too scrupulous in observing taxpayers’ rights. Group managers like Tricky Dicky consider themselves the ultimate manual, anyway. “

I suggest reading the rest of the article on Wade Jr. and asking yourself, what has really changed in all this time?  Too scrupulous of taxpayers Rights? Thousands of pages of confusing instructions? No wonder the IRS agents answering the phone-lines give out the wrong information, of which very little is the Law. The IRS is a law unto itself?  In fact, the IRS never makes calculations of whether closing down a firm will add or subtract from the Treasury’s balance?  And the heat comes down from the top.

Back to the Apple article:

What we intend to do is to highlight that gimmick and other Apple offshore avoidance tactics so that American working families, who pay their share of taxes, understand how offshore tax loopholes raise their tax burden and how those loopholes add to the federal deficit,” said Sen. Carl Levin (D-Mich.), the chairman of the Permanent Subcommittee on Investigations. The panel initiated the probe with the backing of its top Republican, Sen. John McCain of Arizona.

“Apple, meanwhile, emphasized it has contributed more than its fair share of jobs to the U.S. economy — and plenty of big bucks to the U.S. treasury, too. Its prepared testimony, also released Monday, said the company “pays all its required taxes, both in this country and abroad.” And Apple stressed it does not use “tax gimmicks.”

Once again, have those internal policy tactics actually changed, or have corporations, which are large enough to do so, simply moving themselves out of the line-of-fire to a safer haven where they need not fear the inquisitions of the IRS? Is it fair that families who are not liable for an excise tax on the money so earned are treated as tax slaves? Is it fair that any business not so incorporated are destroyed in the name of IRS policies subverting every Right known to the American people? How does destroying jobs and lives validate,  the Treasury mandate for revenue? Damn all the social costs of such mindless destructive policies, as if such social moral-values did not even matter? The right to be evil is not a constitutional power to be delegated, so  this evil emanates from something else…. criminal money syndicates perhaps?

The ludicrous nature of this vicious, little game goes all the way back to the Taft’s address to Congress, which spelled out exactly how the feds were going to be inspecting the “books” of every corporation to ensure compliance with the new Excise incomes tax. Odd, how the word excise is never actually mentioned in the IRS instructions such as, “This is an individual Excise tax” but then again, that would beg the question of how did a working mans property of labor end up in the wrong taxing class? All labor is a commodity on the Market to be bought or sold goes the economic hard-heads. This is where that nasty little bit about the zero cost of labor stipulates ever hour of labor as money earned is a profit and is Taxable Income. Never mind the necessity of following the law of determination, or the procedures and computations prior to taxable income. Policy says taxpayers just do as they are told. But that cannot be written as law– which is why it is invisible to everyone but revenue officers. And federal tax court judges.

On the matter of excise taxes specifically: Excise tax in the United States is an indirect tax on listed items. Excise taxes can be and are made by federal, state and local governments and are not *uniform throughout the United States. [?] Excise taxes are collected by the producer or retailer and not paid directly by the consumer, and as such often remain “hidden” in the price of a product or service, rather than being listed separately. This is thought to explain their appeal to many politicians.

An excise is imposed on listed specific taxable events or products and is usually not collected or paid directly by the consumer. Excise taxes are collected by the producer or retailer and paid to the Internal Revenue Service, state or local tax agency.

Article I, Section 8, Clause 1 of the United States Constitution (the “Taxing and Spending Clause”), specifies Congress’s power to impose “Taxes, Duties, Imposts and Excises,” but Article I, Section 8 requires that, “Duties, Imposts and *Excises shall be uniform throughout the United States.”[2]

Note that the property of labor is not an Excise item by the rule of exclusion.

Some more history on the income tax to clarify the issue:

In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000.[4] This tax was repealed and replaced by another income tax in the Revenue Act of 1862.[5]

After the war when the need for federal revenues decreased, Congress (in the Revenue Act of 1870) let the tax law expire in 1873.[6] However, one of the challenges to the validity of this tax reached the United States Supreme Court in 1880. In Springer v. United States, the taxpayer contended that the income tax on his professional earnings and personal property income violated the “direct tax” requirement of the Constitution. At this time, it was difficult for the Supreme Court to be interested in a case involving a tax that expired seven years earlier. The Court unanimously sided with the government. In effect, the Supreme Court concluded that the income tax was an “excise tax”, and was neither a *capitation tax (based on population) nor a property tax. [*This is quite mis-leading and pretty much false— a capitation tax was on labor. What people are forced to pay today is in fact a mass-capitation tax as dreamed up by treasury officials to raise as much war revenue(tax) as possible.]

In Pollock v. Farmers’ Loan and Trust Company (1895), a taxpayer sued the corporation in which he owned stock, contending that they should never have paid the income tax because it was unconstitutional.

This time, the Supreme Court took the argument seriously and in a 5-4 decision, ruled that the income tax was unconstitutional. A few days after the initial vote, the Court re-voted and reached the same result.

The Court held an unapportioned tax based on receipts from the use of property to be unconstitutional. The Court held that taxes on rents from real estate, on interest income from personal property and other income from personal property (which includes dividend income) were treated as direct taxes on property, and therefore had to be apportioned. Since apportionment of income taxes is impractical, this had the effect of prohibiting a federal tax on income from property. The power to tax real and personal property, or that such was a direct tax, was not denied by the Constitution.[10] Due to the political difficulties of taxing individual wages without taxing income from property, a federal income tax was impractical from the time of the Pollock decision until the time of ratification of the Sixteenth Amendment. Thus, the tax law was ruled unconstitutional and was effectively repealed.

Once again just a tad bit mis-leading. A capitation tax is quite impractical and also unconstitutional because it trespasses on unalienable Rights of labor property. Note the mis-direction of the Direct tax power. Congress sent a tax Bill “Direct” to the States— not the people and it was balanced by the rules so added to keep the States–NOT the people— from lowering the census to diminish the tax share with losing representation. Why in the hell is this finer point of logic always ignored is not that much of a mystery when the current scam is held in the proper focus.  Let me put it this way—slavery and capitation taxes go hand-in-hand… one requires the other. Ending slavery ended capitation taxes period. Not that Congress, or those treasury slime-balls give a rats ass about that specific truth of the Law.

In 1909, fifteen years after Pollock, Congress took two actions to deal with their increasing revenue needs.

1. Corporate income (“excise”) tax. First, they passed a corporate income tax, but labeled it an “excise tax.” The tax was set at 1% on all incomes exceeding $5,000. In 1911, the U.S. Supreme Court upheld this corporate “excise tax” as constitutional in Flint v. Stone Tracy Company, in which the court ruled that the tax was a special excise tax on the privilege of doing business.

2. Sixteenth Amendment. More importantly, in 1909 Congress passed the Sixteenth Amendment, which would do away with the apportionment requirement of the Constitution if enacted.

This amendment reads as follows:

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.[11]

The concept of “income” is never really defined in the Internal Revenue Code. The closest that Congress comes to defining income is found in IRC Section 61, which is largely unchanged from its predecessor, the original Section 22(a) definition of income in the Revenue Act of 1913:
Sec. 22(a). “Gross income” includes gains, profits, and income derived from salaries, wages or compensation for personal service (including personal service as an officer or employee of a State, or any political subdivision thereof, or any agency or instrumentality of any one or more of the foregoing), of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatsoever.[13]

1918 – The 75 year Canadian Tax treaty is signed and Section 213 (Section 22(a) in the 1939 Code – now Section 61) are added to the United States Code, defining the sources of taxable income from the Canadian sources subject to the income tax under the new tax treaty. Income earned in a foreign country under a tax treaty is taxable income, and therefore, is subject to the income tax.

Section 22 in the 1939 references of the Code Tables

1991 Enabling sections
26 U.S.C. (1939 I.R.C.)
22 ………………………. 26 Part 519
40 ………………………. 26 Part 1
62 ………….26 Parts 509,513,514,520,521
143-144 ………………….. 26 Part 521

519 Canada ……………………

Section 61 defines Income all right —but only if the individual is foreign and specifically in the above case Canadian. My that is tricky— and so very deceptive by leaving out that the tax treaty with Canada is no longer the law due to being expired. If Americans do not use section 61 by law that means the 861 argument is indeed correct. Which is why it is standard practice for the IRS per “policy”  to claim using that section correctly is frivolous. Which is why the IRS is just plain evil.

“According to the Government Printing Office, all of these subjects are located in Section 861. Coincidence? Frivolous? Even “Exempt income” is legally defined (codified exclusively) in Sec. 861.”

1954 Sec 931. Income from sources within possessions of the United States.

(a) General rule. In the case of individual citizens of the United States, gross income means only gross income from sources within the United States if the conditions of both paragraph (1) and paragraph (2) are satisfied:

(1) 3-year period. If 80 percent or more of the gross income of such citizen… was derived from sources within a possession of the United States; and
(2) Trade or business. If 50 percent or more of his gross income … was derived from the active conduct of a trade or business within a possession of the United States either on his own account or as an employee or agent of another.

And the reason why this section and meaning is now missing is because of the defining quality of gross income as relating to:

“Trade or Business” Defined (IRS) page:

The term trade or business generally includes any activity carried on for the production of income from selling goods or performing services. It is not limited to integrated aggregates of assets, activities, and goodwill that comprise businesses for purposes of certain other provisions of the Internal Revenue Code. Activities of producing or distributing goods or performing services from which gross income is derived do not lose their identity as trades or businesses merely because they are carried on within a larger framework of other activities that may, or may not, be related to the organization’s exempt purposes.

NO wonder small business owners hate the IRS… they make NASA look saintly by comparison.

Florida State University Law Review
WINTER, 1984

Author E. John Lopez
Excerpt   I. Introduction

The phrase “trade or business” is used repeatedly throughout the Internal Revenue Code. 1 Despite its widespread use, the phrase is not defined either in the Code 2 or in the Treasury Regulations. 3 However, the phrase has been developed and refined over the years through judicial interpretation. 4 One court has stated that the question of whether a particular set of facts comes within the realm of trade or business appears to be, like many other legal points, one which is being marked out by the judicial process of inclusion and exclusion most commonly associated with distinctions of degree rather than kind. 5   Unfortunately, courts have chosen different paths in their search for a definition. One is left with much uncertainty as to whether any particular set of facts constitutes a trade or business.

The question of whether an income-producing activity constitutes a trade or business is important in determining which, and to what extent, expenses attributable to that activity can be deducted. Although the Code and the Regulations do not provide a definition, the Internal Revenue Service has defined “trade or business” as an activity carried on for livelihood or for profit. For an activity to be considered a business, a profit motive must be present and some type of economic activity must be involved. It is distinguished from an activity engaged in purely for personal satisfaction.

IRS (26) Trade or business:
The term “trade or business” includes the performance of the functions of a public office.

Apparently the above definition based on the special word “includes” means everything under the sun as well. The rules and regulations making up the Code is riddled with special meanings which torture logic, reason and sanity in the name of policy.

Definition of INDIVIDUAL: As a noun, this term denotes a single person as distinguished from a group or class, and also, very commonly, a private or natural person as distinguished from a partnership, corporation, or association ; but it is said that this restrictive signification is not necessarily inherent in the word, and that it may, in proper cases, include artificial persons. See Bank of U. S. v. State, 12 Smedes & M. (Miss.) 400; State v. Bell Telephone Co.. 30 Ohio St. 310, 38 Am. Rep. 583; Pennsylvania it. Co. v. Canal Com’rs, 21 Pa. 20. —Blacks Law

It is interesting to note that there are no references for liability for taxes as in American Citizens–shall pay. Calling the IRS does no good as they simply insist that you are a taxpayer and that is all you need to know.

However, American citizens brought into Court do win against the IRS– IF they are able to convince a jury of the facts of the Law:

Long’s attorneys also brought out a case entitled “Simins v Arehns” wherein the court ruled that the income tax was neither a property tax nor a tax upon occupations of common right, but was an excise tax. 

Next the defense turned to the case of “Redfield v Fisher.” In this instance, the court ruled that an individual, unlike the corporation, cannot be taxed for the mere privilege of existing, but that the individual’s right to live and own property was a natural right upon which an excise cannot be imposed. Defense also pointed to several studies done by the Congressional Research Service showing the INCOME TAX is an EXCISE.

A Tennessee Supreme Court case, “Jack Cole v Commissioner,” provided the fifth defense argument. Here, the court ruled that CITIZENS ARE ENTITLED BY RIGHT TO INCOME OR EARNINGS AND THAT RIGHT COULD NOT BE TAXED AS A PRIVILEGE.

Finally, Long’s legal team pointed to another Tennessee Supreme Court case, “Corn v Fort,” in which the court ruled that individuals have a right to combine their activities as partnerships; and that this is a natural right, independent and antecedent of government.


What’s interesting to note here is that the prosecution did not challenge or attempt to refute any of the cases cited, or the conclusions of the courts. Furthermore, on the following defense, once again the prosecution did not challenge or attempt to refute the point made by Long’s attorneys, nor were they able to show a statute that made anyone liable for income tax.

This testimony, brought out by Defense was the fact that NOWHERE IN THE ENTIRE INTERNAL REVENUE CODE (some 9,722 separate Sections, as of 1992!) WAS ANYONE [American Citizen] ACTUALLY MADE LIABLE FOR THE INCOME TAX.

So now it is time to apply the “Knowledge of Rights”  and logic to refute the lies and deceptions surrounding this infernal Code of Policy.

When did the property of a mans labor become a corporate activity? The Right to earn a living is unalienable. This is not a grant or a privilege. Keep in mind that the incomes tax was supposed to reach out to those “Intangible” and “Tangible”  aggregates of wealth in a time when Silver and Gold were money. Stocks Bonds etc were passive Income, which did not fall under State property taxes or federal taxes and was usually the favored class used by the wealthy.  The ultra-rich already had their Foundations set up prior to the passage of the 16th  and thus knew, such an excise  tax, no matter how it was worded, did not touch this wealth period. More importantly, the 16th did NOT include any wording that specifically repealed any previous sections of the Constitution!

As a special class of “Excise” taxes the “income” was not the target of the tax, but the “Measure” of the tax on the privilege “making of Money” as in profit or gain for an artificial person. Money was to become a “Commodity” just like grains or fruit and that was the underlying reason why this scam was worked through the years until it was perfected after the Specie dollar was removed from circulation as money. Debt money is credit money as one cannot be created without the other as lent. Minting “Specie Coin” of silver, gold copper etc is not the same animal and requires laws of measures and weights.

By changing the “money” into a separate class of artificial value, a Pandora’s box was opened, which the criminals had no intentions of closing.

Meanwhile, a foreigner working in the United States was taxed on the privilege, of making money where Income was the measure of the tax. Federal employees are taxed by the very same principle and corporations are treated as “persons” for the purpose of the income excise tax, further confusing the proper classifications of citizens and individuals in policy legalese.

The damning fact is the wording of the 16th was just vague enough to be exploited as a gap between direct and indirect taxes! Much the way Apple is exploiting the non resident function to file no Returns. The original constitutional Direct tax is also always mis-conveyed to express an improper meaning, to make it appear Congress had this power all along to tax a mans labor as if he was no better than a slave. A direct absurdity in conflict with the unalienable Rights so enshrined by the sovereign Declaration and permanently reflected in the federal constitution. All institutions are by nature fictions. Fictions  do not have the same Rights as Living Beings. To say otherwise is an absurdity due to the salient fact they cannot speak for themselves. The apparent purpose of Marxism was to confuse the issue, by falsely asserting “Atheist States” were to have the ultimate authority when in fact no State, atheist or otherwise,  has ever said such a thing at all. Go ahead and ask one—-?

The Marxism-Leninist world view promotes atheism as a fundamental tenet.[32][33] Marxist-Leninist atheism has its roots in the philosophy of Ludwig Feuerbach, Georg Wilhelm Friedrich Hegel, Karl Marx, and V.I. Lenin.[34] Materialism, the philosophical standpoint that the universe exists independently of human consciousness consisting of only atoms and physical forces, is central to the world view of Marxism–Leninism in the form of dialectical materialism. Vitaly Ginzburg, a Soviet physicist, wrote that the “Bolshevik communists were not merely atheists but, according to Lenin’s terminology, militant atheists.”[35] Therefore, many Marxist-Leninist states, historically and currently, are also atheist states.[36] Under these regimes, several religions and their adherents were targeted to be “stamped out.

Karl Marx apparently never achieved a quality of awareness sufficient to comprehend what consciousness is, much less, why it exists at all. The central thesis of Materialism is pure bunkum. None of these fools has ever been anywhere else in the Universe and I doubt such grand delusions can be tested without consciousness. These “militant atheists” derided the Soul as the seat of awareness— an awareness as a fractal expression of a larger whole which has no boundary of scale. Mankind is greater than the mere sum of his atomic parts— but what does a militant wanna be dictator care about such finer points of conscience. Marx was wrong about so many finer points of human existence it is mind boggling just how wrong these militant atheists were about human social relationships. The roman Catholic church has severe defects as well, as dictators always claim ultimate Rights for themselves and never question the absurdity even as they pronounce it Divine.    

Proof does not arise from assertions no matter how well meaning they may be, but from the application of the knowledge so learned. Which is why skeptics will rightly say, but how does Jefferson know, what he claims to know is true…. in all potentials of that specific statement— We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness— how do we know that is Truth and not merely a political sentiment? A religious belief only shared by those of the same convictions? A means to a end? How does one resolve the contradictions involved when making such a statement, while making sure those slaves are ready for plantation work as soon as possible?

Did the Creator simply make some men less than others? The Founding fathers did not create slavery as an institution— and technically even if slavery was immediately abolished here in America, the slave trades would have simply continued elsewhere as they were already being practiced. Slavery itself goes back into the very earliest periods of history so making any claim that southern Norman descendants were inventing something foreign to mans nature, considering the English as well, is simply absurd.  The conflict is that these men were claiming to be establishing something new and yet saw no problems with decimating the natives in conquering the new lands. They made the “Creator” a party to their hypocrisy to validate something that was true [Rights] with that which was patiently false [slavery]. The defect was set in motion that would end by destroying the balance of political powers between the States and in a very critical sense ended the notion of rule by Law.

If a man asks the government for a Right, that right is alienable. The federal government cannot give a right it does not possess from the beginning. Institutions are created “THINGS” which is why they have only alienable rights as things not of Nature. Only a natural being can have a natural right. When the feds gave slaves the Right to be citizens blacks only received alienable rights. The sad truth is they already had unalienable Rights, they simply did not know to play the game to enforce them. How those Rights are used defines the character of the man not his race. All woman had the same unalienable Rights as men, but social mores not Law determined the proper form of the Rights to be expressed.

How about the Right to health-care? Do the Feds have the right to enforce Obama-care— NO. The feds do not have the right to impose or enforce on any American citizen any policy period. No law can be written which excludes the sovereign rights or it is null and void. Look at the language in that Act— only taxpayers are included. If you see the word taxpayer it is only binding on artificial persons, but corporations do not need medical care you say… exactly. That Patient protection Act is just another excise tax disingenuously disguised as medical reform. The real purpose is to re-capture lost revenue from the people no longer suffering from taxpayer fear. Plus, linking medical data with  bio-identification plans no doubt waiting in the wings.

Another look at a dark period of history:

During the economic boom of the Roaring Twenties, the traditional values of rural America were challenged by the Jazz Age, symbolized by women smoking, drinking, and wearing short skirts. The average American was busy buying automobiles and household appliances, and speculating in the stock market, where big money could be made. Those appliances were bought on credit, however. Although businesses had made huge gains — 65 percent — from the mechanization of manufacturing, the average worker’s wages had only increased 8 percent.

The imbalance between the rich and the poor, with 0.1 percent of society earning the same total income as 42 percent, combined with production of more and more goods and rising personal debt, could not be sustained. On Black Tuesday, October 29, 1929, the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world. It spread from the United States to the rest of the world, lasting from the end of 1929 until the early 1940s. With banks failing and businesses closing, more than 15 million Americans (one-quarter of the workforce) became unemployed.

President Herbert Hoover, underestimating the seriousness of the crisis, called it “a passing incident in our national lives,” and assured Americans that it would be over in 60 days. A strong believer in rugged individualism, Hoover did not think the federal government should offer relief to the poverty-stricken population.”

If I was in Hoovers shoes— so to speak— does my position on Natural rights offer any better solutions? Cause and effect— the stock market was a giant casino— people were lured in— some by rapacious greed— others going along with the social trends— Hoover did not grasp the fundamentals or he chose to ignore the obvious— the stock market was a suckers operation— the federal reserve board banks were up to their eye-balls in treachery— so how about telling people the truth? Better yet, charging the criminals with crimes so committed and their lackeys in high places. Most of all getting the money back from the evil bastards who looted the banks.

Letting people starve when there is no shortages of food is evil. Money is not all that clever. It has no rights and no purpose whatsoever except to serve the good of a nations people. Hoover was a worthless political hack and a slacker who had no interest in stopping the looting of the Banks. His position on helping the poverty stricken also demonstrates he did not understand even the most basic functions of Rights. He had no Right to do nothing at all, or stop those unlike himself from taking charge. He was useless as a leader and an immoral fool for pretending otherwise. He was the wrong man for the people, which they knew too late, but perfect for the slime-balls gutting the American dream.

Another must read to understand the other side of the story:

The Federal Reserve-A Corrupt Institution

“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

“Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. “Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.

“In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.

“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to control us from the top downward, and from the cradle to the grave.

“The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.

“The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing. While being perpetrated, everything the world would rake up to sell us was brought in here at our expense by the Fed until our markets were swamped with unneeded and unwanted imported goods priced far above their value and make to equal the dollar volume of our honest exports, and to kill or reduce our favorite balance of trade. As Agents of the foreign central banks the Fed try by every means in their power to reduce our favorable balance of trade. They act for their foreign principal and they accept fees from foreigners for acting against the best interests of these United States. Naturally there has been great competition among among foreigners for the favors of the Fed.

“What we need to do is to send the reserves of our National Banks home to the people who earned and produced them and who still own them and to the banks which were compelled to surrender them to predatory interests.

“Mr. Chairman, there is nothing like the Fed pool of confiscated bank deposits in the world. It is a public trough of American wealth in which the foreigners claim rights, equal to or greater than Americans. The Fed are the agents of the foreign central banks. They use our bank depositors’ money for the benefit of their foreign principals. They barter the public credit of the United States Government and hire it our to foreigners at a profit to themselves.

“All this is done at the expense of the United States Government, and at a sickening loss to the American people. Only our great wealth enabled us to stand the drain of it as long as we did.

“We need to destroy the Fed wherein our national reserves are impounded for the benefit of the foreigners. “We need to save America for Americans.


“Mr. Chairman, when you hold a $10.00 Fed Note in your hand, you are holding apiece of paper which sooner or later is going to cost the United States Government $10.00 in gold (unless the Government is obliged to go off the gold standard). It is based on Limburger cheese (reported to be in foreign warehouses) or in cans purported to contain peas (but may contain salt water instead), or horse meat, illicit drugs, bootleggers fancies, rags and bones from Soviet Russia (of which these United States imported over a million dollars worth last year), on wines whiskey, natural gas, goat and dog fur, garlic on the string, and Bombay ducks.

“If you like to have paper money- which is secured by such commodities- you have it in Fed Note. If you desire to obtain the thing of value upon which this paper currency is based, that is, the Limburger cheese, the whiskey, the illicit drugs, or any of the other staples- you will have a very hard time finding them.

“Many of these worshipful commodities are in foreign Countries. Are you going to Germany to inspect her warehouses to see if the specified things of value are there? I do not think that you would find them there if you did go.

“On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there is a shipment of gold to Germany. These shipments are not made for profit on the exchange since the German marks are blow parity with the dollar.

“Mr. Chairman, I believe that the National Bank depositors of these United States have a right to know what the Fed are doing with their money. There are millions of National Bank depositors in the Country, who do not know that a percentage of every dollar, they deposit in a Member Bank of the Fed, goes automatically to American Agents, of the foreign banks, and that all their deposits can be paid away to foreigners, without their knowledge, or consent, by the crooked machinery of the Fed and the questionable practices of the Fed.

“Mr. Chairman, the American people should be told the truth by their servants in office. In 1930, we had over a half billion dollars outstanding daily to finance foreign goods stored in or shipped between several billion dollars. What goods are these on which the Fed yearly pledge several billions of dollars? In its yearly total, this item amounts to several billions of dollars of the public credit of these United States.

“What goods are those which are hidden in European and Asiatic stores have not been seen by any officer of our Government but which are being financed on the public credit of the United States Government? What goods are those upon which the 17 United States Government is being obligated by the Fed to issue Fed Notes to the extent of several billions of dollars a year?

The Bankers’ Acceptance Racket

“The Fed have been International Banks from the beginning, with these United States as their enforced banker and supplier of currency. But it is none the less extraordinary to see these these twelve private credit monopolies, buying the debts of foreigners against foreigners, in all parts of the world and asking the Government of these United States for new issues of Fed notes in exchange for them. “The magnitude of the acceptance racket as it has been developed by the Fed, their foreign correspondents, and the predatory European born bankers, who set up the Fed here and taught your own, by and of pirates, how to loot the people: I say the magnitude of this racket is estimated to be in the neighborhood of 9,000,000,000 per year. In the past ten years it is said to have amounted to $90,000,000,000.00. In my opinion it has amounted to several times that much. Coupled to this you have to the extent of billions of dollars, the gambling in the United States securities, which takes place in the same open discount market- a gambling on which the Fed is now spending $100,000,000.00 per week.

“Fed Notes are taken from the U.S. Government in unlimited quantities. Is is strange that the burden of supplying these immense sums of money to the gambling fraternity has at last proved too heavy for the American people to endure? Would it not be a national [calamity to] again bind down this burden on the backs of the American people and by means of a long rawhide whip of the credit masters, compel them to enter another seventeen years of slavery?

“They are trying to do that now. They are trying to take $100,000,000.00 of the public credit of the United States every week, in addition to all their other seizures and they are sending that money to the nefarious open market in a desperate gamble to reestablish their graft as a going concern.

“They are putting the United States Government in debt to the extent of $100,000,000 a week, and with the money they are buying our Government securities for themselves and their foreign principals. Our people are disgusted with the experiences of the Fed. The Fed is not producing a loaf of bread, a yard of cloth, a bushel of corn, or a pile of cord-wood by its check-kiting operations in the money market.

“Mr. Speaker, on the 13th of January of this year I addressed the House on the subject of the Reconstruction Finance Corporation. In the course of my remarks I made the following statement: In 1928 the member banks of the Fed borrowed $60,598,690,000. from the Fed on their fifteen-day promissory notes. Think of it. Sixty billion dollars payable on demand in gold in the course of one single year. The actual amount of such obligations called for six times as much monetary gold as there is in the world. Such transactions represent a grant in the course of one single years of about $7,000,000 to every member of the Fed.

“Is it any wonder that American labor which ultimately pays the cost of all banking operations of this Country has at last proved unequal to the task of supplying this huge total of cash and credit for the benefit of the stock market manipulators and foreign swindlers?In 1933 the Fed presented the staggering amount of $60,598,690,000 to its member banks at the expense of the wage earners and tax payers of these United States. In 1929, the year of the stock market crash, the Fed advanced $58,000,000,000 to member banks.

“In 1930 while the speculating banks were getting out of the stock market at the expense of the general public, the Fed advanced them $13,022,782,000. This shows that when the banks were gambling on the public credit of these United States as represented by the Fed currency they were subsidized to any amount they required by the Fed. When the swindle began to fall, the bankers knew it in advance and withdrew from the market. They got out with whole skins- and left the people of these United States to pay the piper. “My friend from Kansas, Mr. McGugin, has stated that he thought the Fed lent money on re-discounting. So they do, but they lend comparatively little that way. The real discounting that they do has been called a mere penny in the slot business. It is too slow for genuine high flyer’s. They discourage it. They prefer to subsidize their favorite banks by making them $60,000,000,000 advances and they prefer to acquire assistance in the notorious open discount market in New York, where they can use it to control the price of stocks and bonds on the exchanges.

“For every dollar they advanced on discounts in 1928, they lent $33.00 to their favorite banks for whom they do a business of several billion dollars income tax on their profits to these United States.

The John Law Swindle

“This is the John Law swindle over again. The theft of Teapot Dome was trifling compared to it. What King ever robbed his subject to such an extent as the Fed has robbed us? Is it any wonder that there have been lately ninety cases of starvation in one of the New York hospitals? Is there any wonder that the children are being abandoned?

“The government and the people of these United States have been swindled by swindlers deluxe to whom the acquisition of American or a parcel of Fed Notes presented no more difficulty than the drawing up of a worthless acceptance in a Country not subject to the laws of these United States, by sharpers not subject to the jurisdiction of these United States, sharpers with strong banking “fence” on this side of the water, a “fence” acting as a receiver of a worthless paper coming from abroad, endorsing it and getting the currency out of the Fed for it as quickly as possible exchanging that currency for gold and in turn transmitting the gold to its foreign confederates.

Ivar Kreuger, the Match King!

“Such were the exploits of Ivar Krueger, Mr. Hoover’s friend, and his rotten Wall Street bankers. Every dollar of the billions Kreuger and his gang drew out of this Country on acceptances was drawn from the government and the people of the United States through the Fed. The credit of the United States Government was peddled to him by the Fed for their own private gain. That is what the Fed has been doing for many years.

“They have been peddling the credit of this Government and the [signature of this] Government to the swindlers and speculators of all nations. That is what happens when a Country forsakes its Constitution and gives its sovereignty over the public currency to private interests. Give them the flag and they will sell it.

“The nature of Kreuger’s organized swindle and the bankrupt condition of Kreuger’s combine was known here last June when Hoover sought to exempt Krueger’s loan to Germany of $125,000,000 from the operation of the Hoover Moratorium. The bankrupt condition of Krueger’s swindle was known her last summer when $30,000,000 was taken from the American taxpayers by certain bankers in New York for the ostensible purpose of permitting Krueger to make a loan to Colombia. Colombia never saw that money.

“The nature of Krueger’s swindle was known here in January when he visited his friend, Mr. Hoover, at the White House. It was known here in March before he went to Paris and committed suicide.

“Mr. Chairman, I think the people of the United States are entitled to know how many billions of dollars were placed at the disposal of Krueger and his gigantic combine by the Fed, and to know how much of our Government currency was issued and lost in the financing of that great swindle in the years during which the Fed took care of Krueger’s requirements.

“A few days ago, the President of the United States with a white face and shaking hands, went before the Senate of behalf of the moneyed interests and asked the Senate to levy a tax on the people so that foreigners might know that these United States would pay its debt to them.

“Most Americans thought it was the other way around. What does these United States owe foreigners? When and by whom was the debt incurred? It was incurred by the Fed, when they peddled the signature of the Government to foreigners- for a Price. It is what the United States Government has to pay to redeem the obligations of the Fed.

Thieves Go Scot Free

“Are you going to let these thieves get off scot free? Is there one law for the looter who drives up to the door of the United States Treasury in his limousine and another for the United States Veterans who are sleeping on the floor of a dilapidated house on the outskirts of Washington?

“The Baltimore and Ohio Railroad is here asking for a large loan from the people, and the wage earners and the taxpayers of these United States. It is begging for a handout from the Government. It is standing, cap in hand, at the door of the R.F.C. where all the jackals have gathered to the feast. It is asking for money that was raised from the people by taxation and wants this money of the poor for the benefit of Kuhn, Loeb and Co., the German International Bankers.

“Is there one law for the Baltimore and Ohio Railroad and another for the hungry veterans it threw off its freight cars the other day? Is there one law for sleek and prosperous swindlers who call themselves bankers and another law for the soldiers who defended the flag? “The R.F.C. is taking over these worthless securities from the Investment Trusts with United States Treasury money at the expense of the American taxpayer and the wage earner.

“It will take twenty years to redeem our Government. Twenty years of penal servitude to pay off the gambling debts of the traitorous Fed and to vast flood of American wages and savings, bank deposits, and the United States Government credit which the Fed exported out of this country to their foreign principals.

“The Fed lately conducted an anti-hoarding campaign here. They they took that extra money which they had persuaded the American people to put into the banks- they sent it to Europe- along with the rest. In the last several months, they have sent $1,300,000,000 in gold to their foreign employers, their foreign masters, and every dollar of that gold belonged to the people of these United States and was unlawfully taken from them.

Fiat Money

“Mr. Chairman, within the limits of the time allowed me, I cannot enter into a particularized discussion of the Fed. I have singled out the Fed currency for a few remarks because there has lately been some talk here of “fiat money”. What kind of money is being pumped into the open discount market and through it into foreign channels and stock exchanges? Mr. Mills of the Treasury has spoken here of his horror of the printing presses and his horror of dishonest money. He has no horror of dishonest money. If he had, he would be no party to the present gambling of the Fed in the nefarious open discount market of New York, a market in which the sellers are represented by 10 discount corporations owned and organized by the very banks which own and control the Fed.

“Fiat money, indeed!

“What Mr. Mills is fighting for is the preservation, whole and entire, of the banker’s monopoly of all the currency of the United States Government.

“Mr. Chairman, last December, I introduced a resolution here asking for an examination and an audit of the Fed and all related matters. If the House sees fit to make such an investigation, the people of these United States will obtain information of great value. This is a Government of the people, by the people, for the people. Consequently, nothing should be concealed from the people. The man who deceives the people is a traitor to these United States.

“The man who knows or suspects that a crime has been committed and who conceals and covers up that crime is an accessory to it. Mr. Speaker, it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurers.

“Every effort has been made by the Fed to conceal its powers- but the truth is- the Fed has usurped the Government. It controls everything here and it controls all of our foreign relations. It makes and breaks governments at will.

“No man and no body of men is more entrenched in power than the arrogant credit monopoly which operated the Fed. What National Government has permitted the Fed to steal from the people should now be restored to the people. The people have a valid claim against the Fed. If that claim is enforced the Americans will not need to stand in the bread line, or to suffer and die of starvation in the streets. Women will be saved, families will be kept together, and American children will not be dispersed and abandoned.

“Here is a Fed Note. Immense numbers of the notes are now held abroad. I am told that they amount to upwards of a billion dollars. They constitute a claim against our Government and likewise a claim against our peoples’ money to the extent of $1,300,000,000 which has within the last few months been shipped abroad to redeem Fed Notes and to pay other gambling debts of the traitorous Fed. The greater part of our money stock has been shipped to other lands.

“Why should we promise to pay the debts of foreigners to foreigners? Why should the Fed be permitted to finance our competitors in all parts of the world? Do you know why the tariff was raised? It was raised to shut out the flood of Fed Goods pouring in here from every quarter of the globe- cheap goods, produced by cheaply paid foreign labor, on unlimited supplies of money and credit sent out of this Country by the dishonest and unscrupulous Fed.

“The Fed are spending $100,000,000 a week buying government securities in the open market and are making a great bid for foreign business. They are trying to make rates so attractive that the human hair merchants and the distillers and other business entities in foreign land will come her and hire more of the public credit of the United States Government to pay the Fed outfit for getting it for them.” —Congressman McFadden

The Scheme of the Fed

“In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement: “The whole scheme of the Fed with its commercial paper is an impractical, cumbersome machinery- is simply a cover to secure the privilege of issuing money, and to evade payment of as much tax upon circulation as possible and then control the issue and maintain, instead of reducing interest rates. It will prove to the advantage of the few and the detriment of the people. It will mean continued shortage of actual money and further extension of credits, for when there is a shortage of money people have to borrow to their cost.’ “A few days before the Fed passed, Senator Root denounced the Fed as an outrage on our liberties. He predicted: ‘Long before we wake up from our dream of prosperity through an inflated currency, our gold- which alone could have kept us from catastrophe- will have vanished and no rate of interest will tempt it to return.’

If ever a prophecy came true, that one did.

“The Fed became law the day before Christmas Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it.

“The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known. When the proponents of the act saw that the Democratic doctrine would not permit them to let the proposed banks issue the new currency as bank notes, they should have stopped at that. They should not have foisted that kind of currency, namely, an asset currency, on the United States Government. They should not have made the Government [liable on the private] debts of individuals and corporations, and, least of all, on the private debts of foreigners. “As Kemerer says: ‘The Fed Notes, therefore, in form, have some of the qualities of Government paper money, but in substance, are almost a pure asset currency possessing a Government guarantee against which contingency the Government has made no provision whatever.’

“Hon. L. J. Hill, a former member of the House, said, and truly: “They are obligations of the Government for which the United States received nothing and for the payment of which at any time, it assumes the responsibility: looking to the Fed to recoup itself.’

“If this United States is to redeem the Fed Notes, when the General Public finds it costs to deliver this paper to the Fed, and if the Government has made no provisions for redeeming them, the first element of unsoundness is not far to seek.

“Before the Banking and Currency Committee, when the bill was under discussion Mr. Crozier of Cincinnati said: ‘The imperial power of elasticity of the public currency is wielded exclusively by the central corporations owned by the banks. This is a life and death power over all local banks and all business. It can be used to create or destroy prosperity, to ward off or cause stringencies and panics. By making money artificially scarce, interest rates throughout the Country can be arbitrarily raised and the bank tax on all business and cost of living increased for the profit of the banks owning these regional central banks, and without the slightest benefit to the people. The 12 Corporations together cover and monopolize and use for private gain- every dollar of the public currency and all public revenue of the United States. Not a dollar can be put into circulation among the people by their Government, without the consent of and on terms fixed by these 12 private money trusts.’

“In defiance of this and all other warnings, the proponents of the Fed created the 12 private credit corporations and gave them an absolute monopoly of the currency of these United States- not of the Fed Notes alone- but of all other currency! The Fed Act providing ways and means by which the gold and general currency in the hands of the American people could be obtained by the Fed in exchange for Fed Notes- which are not money- but mere promises to pay.

“Since the evil day when this was done, the initial monopoly has been extended by vicious amendments to the Fed and by the unlawful and treasonable practices of the Fed.”

What is note-worthy is not a single charge which was made by Congressman McFadden, was ever acted on by Congress, nor was a single charge refuted much less addressed. He was silenced and ignored and the people got this instead:

“Focusing on a trickle-down economic program to help finance businesses and banks, Hoover met with resistance from business executives who preferred to lay off workers.

Blamed by many for the Great Depression, Hoover was widely ridiculed: an empty pocket turned inside out was called a “Hoover flag;” the decrepit shantytowns springing up around the country were called “Hoover-villes.”

Franklin Delano Roosevelt, the rich governor from New York, offered Americans a New Deal, and was elected in a landslide victory in 1932. He took quick action to attack the Depression, declaring a four-day bank holiday, during which Congress passed the Emergency Banking Relief Act to stabilize the banking system. During the first 100 days of his administration, Roosevelt laid the groundwork for his New Deal remedies that would rescue the country from the depths of despair.”

McFadden made his speech in 1934 so Roosevelt had to know what was going on as well, which makes that “New Deal” quite the scam as well.

McFadden’s speech continued:

World Enslavement Planned

“Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here which would make the savings of the American school teacher available to a narcotic-drug vendor in Acapulco. They did not perceive that these United States was to be lowered to the position of a coolie country which has nothing but raw material and heart, that Russia was destined to supply the man power and that this country was to supply the financial power to an “international superstate”.  [A superstate controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure? That would be the new world order.]

“The people of these United States are being greatly wronged. They have been driven from their employments. They have been dispossessed from their homes. They have been evicted from their rented quarters. They have lost their children. They have been left to suffer and die for lack of shelter, food, clothing and medicine.

“The wealth of these United States and the working capital have been taken away from them and has either been locked in the vaults of certain banks and the great corporations or exported to foreign countries for the benefit of the foreign customers of these banks and corporations. So far as the people of the United States are concerned, the cupboard is bare.

“It is true that the warehouses and coal yards and grain elevators are full, but these are padlocked, and the great banks and corporations hold the keys.

The sack of these United States by the Fed is the greatest crime in history.

“Mr. Chairman, a serious situation confronts the House of Representatives today. We are trustees of the people and the rights of the people are being taken away from them. Through the Fed the people are losing the rights guaranteed to them by the Constitution. Their property has been taken from them without due process of law. Mr. Chairman, common decency requires us to examine the public accounts of the Government and see what crimes against the public welfare have been committed.

“What is needed here is a return to the Constitution of these United States.

“The old struggle that was fought out here in Jackson’s time must be fought our over again. The independent United States Treasury should be reestablished and the Government should keep its own money under lock and key in the building the people provided for that purpose.

“Asset currency, the devise of the swindler, should be done away with. The Fed should be abolished and the State boundaries should be respected. Bank reserves should be kept within the boundaries of the States whose people own them, and this reserve money of the people should be protected so that the International Bankers and acceptance bankers and discount dealers cannot draw it away from them.

“The Fed should be repealed, and the Fed Banks, having violated their charters, should be liquidated immediately. Faithless Government officials who have violated their oaths of office should be impeached and brought to trial.

“Unless this is done by us, I predict, that the American people, outraged, pillaged, insulted and betrayed as they are in their own land, will rise in their wrath, and will sweep the money changers out of the temple.

“Mr. Chairman, the United States is bankrupt: It has been bankrupted by the corrupt and dishonest Fed. It has repudiated its debts to its own citizens. Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasury making inventory arranging terms of liquidations!

Great Britain, Partner in Blackmail

“Mr. Chairman, the Fed has offered to collect the British claims in full from the American public by trickery and corruption, if Great Britain will help to conceal its crimes. The British are shielding their agents, the Fed, because they do not wish that system of robbery to be destroyed here. They wish it to continue for their benefit! By means of it, Great Britain has become the financial mistress of the world. She has regained the position she occupied before the World War.

“For several years she has been a silent partner in the business of the Fed. Under threat of blackmail, or by their bribery, or by their native treachery to the people of the United States, the officials in charge of the Fed unwisely gave Great Britain immense gold loans running into hundreds of millions of dollars. They did this against the law! Those gold loans were not single transactions. They gave Great Britain a borrowing power in the United States of billions. She squeezed billions out of this Country by means of her control of the Fed.

“As soon as the Hoover Moratorium was announced, Great Britain moved to consolidate her gains. After the treacherous signing away of American rights at the 7-power conference at London in July, 1931, which put the Fed under the control of the Bank of International Settlements, Great Britain began to tighten the hangman’s noose around the neck of the United States.

“She abandoned the gold standard and embarked on a campaign of buying up the claims of foreigners against the Fed in all parts of the world. She has now sent her bailiff, Ramsey MacDonald, here to get her war debt to this country canceled. But she has a club in her hands! She has title to the gambling debts which the corrupt and dishonest Fed incurred abroad.

“Ramsey MacDonald, the labor party deserter, has come here to compel the President to sign on the dotted line, and that is what Roosevelt is about to do! Roosevelt will endeavor to conceal the nature of his action from the American people. But he will obey the International Bankers and transfer the war debt that Great Britain should pay to the American people, to the shoulders of the American taxpayers.

“Mr. Chairman, the bank holiday in the several States was brought about by the corrupt and dishonest Fed. These institutions manipulated money and credit, and caused the States to order bank holidays.

“These holidays were frame-ups! “They were dress rehearsals for the national bank holiday which Franklin D. Roosevelt promised Sir Ramsey MacDonald that he would declare.

“There was no national emergency here when Franklin D. Roosevelt took office excepting the bankruptcy of the Fed- a bankruptcy which has been going on under cover for several years and which has been concealed from the people so that the people would continue to permit their bank deposits and their bank reserves and their gold and the funds of the United States Treasury to be impounded in these bankrupt institutions.

“Under cover, the predatory International Bankers have been stealthily transferring the burden of the Fed debts to the people’s Treasury and to the people themselves. They [stole] the farms and the homes of the United States to pay for their thievery! That is the only national emergency that there has been here since the depression began.

“The week before the bank holiday was declared in New York State, the deposits in the New York savings banks were greater than the withdrawals. There were no runs on New York Banks. There was no need of a bank holiday in New York, or of a national holiday.

“Roosevelt did what the International Bankers ordered him to do!

“Do not deceive yourself, Mr. Chairman, or permit yourself to be deceived by others into the belief that Roosevelt’s dictatorship is in any way intended to benefit the people of the United States: he is preparing to sign on the dotted line! “He is preparing to cancel the war debts by fraud!

He is preparing to internationalize this Country and to destroy our Constitution itself in order to keep the Fed intact as a money institution for foreigners. “Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Fed. The statement that gold would be taken from its lawful owners if they did not voluntarily surrender it, to private interests, show that there is an anarchist in our Government.

“The statement that it is necessary for the people to give their gold- the only real money- to the banks in order to protect the currency, is a statement of calculated dishonesty!

“By his unlawful usurpation of power on the night of March 5, 1933, and by his proclamation, which in my opinion was in violation of the Constitution of the United States, Roosevelt divorced the currency of the United States from gold, and the United States currency is no longer protected by gold. It is therefore sheer dishonesty to say that the people’s gold is needed to protect the currency.

“Roosevelt ordered the people to give their gold to private interests- that is, to banks, and he took control of the banks so that all the gold and gold values in them, or given into them, might be handed over to the predatory International Bankers who own and control the Fed.

“Roosevelt cast his lot with the usurers. “He agreed to save the corrupt and dishonest at the expense of the people of the United States.

“He took advantage of the people’s confusion and weariness and spread the dragnet over the United States to capture everything of value that was left in it. He made a great haul for the International Bankers.

“The Prime Minister of England came here for money! He came here to collect cash!

“He came here with Fed Currency and other claims against the Fed which England had bought up in all parts of the world. And he has presented them for redemption in gold.

“Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I see no reason why the general public should be forced to pay the gambling debts of the International Bankers.

Roosevelt Seizes the Gold

“By his action in closing the banks of the United States, Roosevelt seized the gold value of forty billions or more of bank deposits in the United States banks. Those deposits were deposits of gold values. By his action he has rendered them payable to the depositors in paper only, if payable at all, and the paper money he proposes to pay out to bank depositors and to the people generally in lieu of their hard earned gold values in itself, and being based on nothing into which the people can convert it the said paper money is of negligible value altogether.

“It is the money of slaves, not of free men. If the people of the United States permit it to be imposed upon them at the will of their credit masters, the next step in their downward progress will be their acceptance of orders on company stores for what they eat and wear. Their case will be similar to that of starving coal miners. They, too, will be paid with orders on Company stores for food and clothing, both of indifferent quality and be forced to live in Company-owned houses from which they may be evicted at the drop of a hat. More of them will be forced into conscript labor camps under supervision.

“At noon on the 4th of March, 1933, FDR with his hand on the Bible, took an oath to preserve, protect and defend the Constitution of the U.S. At midnight on the 5th of March, 1933, he confiscated the property of American citizens. He took the currency of the United States standard of value. He repudiated the internal debt of the Government to its own citizens. He destroyed the value of the American dollar. He released, or endeavored to release, the Fed from their contractual liability to redeem Fed currency in gold or lawful money on a parity with gold. He depreciated the value of the national currency.

“The people of the U.S. are now using unredeemable paper slips for money. The Treasury cannot redeem that paper in gold or silver. The gold and silver of the Treasury has unlawfully been given to the corrupt and dishonest Fed. And the Administration has since had the effrontery to raid the country for more gold for the private interests by telling our patriotic citizens that their gold is needed to protect the currency.

“It is not being used to protect the currency! It is being used to protect the corrupt and dishonest Fed. “The directors of these institutions have committed criminal offense against the United States Government, including the offense of making false entries on their books, and the still more serious offense of unlawfully abstracting funds from the United States Treasury! “Roosevelt’s gold raid is intended to help them out of the pit they dug for themselves when they gambled away the wealth and savings of the American people.


“The International Bankers set up a dictatorship here because they wanted a dictator who would protect them. They wanted a dictator who would issue a proclamation giving the Fed an absolute and unconditional release from their special currency in gold, or lawful money of any Fed Bank.

“Has Roosevelt relieved any other class of debtors in this country from the necessity of paying their debts? Has he made a proclamation telling the farmers that they need not pay their mortgages? Has he made a proclamation to the effect that mothers of starving children need not pay their milk bills? Has he made a proclamation relieving householders from the necessity of paying rent?

Roosevelt’s Two Kinds of Laws

“Not he! He has issued one kind of proclamation only, and that is a proclamation to relieve international bankers and the foreign debtors of the United States Government.

“Mr. Chairman, the gold in the banks of this country belongs to the American people who have paper money contracts for it in the form of national currency. If the Fed cannot keep their contracts with United States citizens to redeem their paper money in gold, or lawful money, then the Fed must be taken over by the United States Government and their officers must be put on trial.

“There must be a day of reckoning. If the Fed have looted the Treasury so that the Treasury cannot redeem the United States currency for which it is liable in gold, then the Fed must be driven out of the Treasury.

“Mr. Chairman, a gold certificate is a warehouse receipt for gold in the Treasury, and the man who has a gold certificate is the actual owner of a corresponding amount of gold stacked in the Treasury subject to his order.

“Now comes Roosevelt who seeks to render the money of the United States worthless by unlawfully declaring that it may No Longer be converted into gold at the will of the holder.

“Roosevelt’s next haul for the International Bankers was the reduction in the pay of all Federal employees.

“Next in order are the veterans of all wars, many of whom are aged and inform, and other sick and disabled. These men had their lives adjusted for them by acts of Congress determining the amounts of the pensions, and, while it is meant that every citizen should sacrifice himself for the good of the United States, I see no reason why those poor people, these aged Civil War Veterans and war widows and half-starved veterans of the World War, should be compelled to give up their pensions for the financial benefit of the International vultures who have looted the Treasury, bankrupted the country and traitorously delivered the United States to a foreign foe.

“There are many ways of raising revenue that are better than that barbaric act of injustice.

“Why not collect from the Fed the amount they owe the U.S. Treasury in interest on all the Fed currency they have taken from the Government? That would put billions of dollars into the U.S. Treasury.

“If FDR is as honest as he pretends to be, he will have that done immediately. And in addition, why not compel the Fed to disclose their profits and to pay the Government its share?

“Until this is done, it is rank dishonesty to talk of maintaining the credit of the U.S. Government. “My own salary as a member of Congress has been reduced, and while I am willing to give my part of it that has been taken away from me to the U.S. Government, I regret that the U.S. has suffered itself to be brought so low by the vultures and crooks who are operating the roulette wheels and faro tables in the Fed, that is now obliged to throw itself on the mercy of its legislators and charwomen, its clerks, and it poor pensioners and to take money out of our pockets to make good the defalcations of the International Bankers who were placed in control of the Treasury and given the monopoly of U.S. Currency by the misbegotten Fed. “I am well aware that the International Bankers who drive up to the door of the United States Treasury in their limousines, look down with scorn upon members of Congress because we work for so little, while they draw millions a year. The difference is that we earn, or try to earn, what we get- and they steal the greater part of their takings.

Enemies of the People They Rob

“I do not like to see vivisections performed on human beings. I do not like to see the American people used for experimental purposes by the credit masters of the United States. They predicted among themselves that they would be able to produce a condition here in which American citizens would be completely humbled and left starving and penniless in the streets.

“The fact that they made that assertion while they were fomenting their conspiracy against the United States that they like to see a human being, especially an American, stumbling from hunger when he walks. “Something should be done about it, they say. Five-cent meals, or something! “But FDR will not permit the House of Representatives to investigate the condition of the Fed. FDR will not do that. He has certain International Bankers to serve. They not look to him as the man Higher Up who will protect them from the just wrath of an outraged people.

“The International Bankers have always hated our pensioners. A man with a small pension is a ward of the Government. He is not dependent upon them for a salary or wages. They cannot control him. They do not like him. It gave them great pleasure, therefore, to slash the veterans.

“But FDR will never do anything to embarrass his financial supporters. He will cover up the crimes of the Fed.

“Before he was elected, Mr. Roosevelt advocated a return to the earlier practices of the Fed, thus admitting its corruptness. The Democratic platform advocated a change in the personnel of the Fed. These were campaign bait. As a prominent Democrat lately remarked to me; “There is no new deal. The same old crowd is in control.”

“The claims of foreign creditors of the Fed have no validity in law. The foreign creditors were the receivers- and the willing receivers- of stolen goods! They have received through their banking fences immense amounts of currency, and that currency was unlawfully taken from the United States Treasury by the Fed.

“England discovered the irregularities of the Fed quite early in its operations and through fear, apparently, the Fed have for years suffered themselves to be blackmailed and dragooning England to share in the business of the Fed. “The Fed have unlawfully taken many millions of dollars of the public credit of the United States and have given it to foreign sellers on the security of the Debt paper of foreign buyers in purely foreign transactions, and when the foreign buyers refused to meet their obligations and the Fed saw no honest way of getting the stolen goods back into their possession, they decided by control of the executive to make the American people pay their losses!”

The new world order of criminals have been running the show ever since and to this day, the people of this Nation are still paying the debts arising from these crimes. Vast sums of wealth were stolen from the peoples banks and the nations treasury. Wealth which never had the opportunity to be realized for the good of the real economy. I call this quality of loss—the lost potential of money. Money which was never used for the good of the country, or any citizen on their own behalf. A vast sum removed from circulation, to induce constrictions otherwise never possible. The damning fact that the people never needed this swindle of credit, as debt to make up the loss of purchasing power from inflation. An economic system based on lies so scientific, few can argue intelligently against them even when they know they are right. The trick was to always give a false solution to a problem so conceived in secrecy and deception. Thus the control of the out-comes was the desired result.

The Law did not fail the People, phony statesmen sold them down the river to debt hell. The time-debt bomb needs to be canceled out as it is a product of lies and deceptions going back well over a century. The current administration strikes me as cowards of the worst stripe. Cowards who have not a drop of courage to raise a single action of Justice, simply rely on the media to keep the attention of the people as always focused on the trivial while the real crimes go answered and un-punished.

Any deeper examination of Human Rights, as an expression of a Creator must be universal in order to be Truth. All people upon this Earth have Unalienable rights, in addition to Inalienable rights and can also have any number of alienable rights. One does not displace or exclude another. The institutions of man have only alienable rights, as they cannot rise above the truth of what they are in fiction. Nature does not produce governments, or States, or any other class of fictions claiming Rights. Until people recognize themselves as spiritual beings having a human life experience; the fog of doubt and uncertainty will continue to cloud their perceptions, and thus judgment of what is Existence— not just reality. If you can question your existence you have proven the primary principle of unalienable rights—who you are is greater than mere identity alone.

The problems of this world are many, so are the solutions, but they will not come from that worm-eaten monstrosity lording over D.C. or the goons claiming authority where none can exist. Rights are many and authority is limited that is the Law not a policy. The public servants have been kissing the money lords asses for so long their lips have turned blue. Money despite all the claims to the contrary is not the property of the federal reserve or Congress. Money is inalienable by nature or it could not be exchanged. The principle of money is unalienable because it belongs to the people whose creative acts bring it into the world at large. People create credit and debt as an expression of their sovereign Rights, therefore no institution can dictate what is money, they can only by Law maintain the standards of Coin as minted and issued. That was the responsibility the People by consent asked of their institution.  That purpose was mutilated into something so foreign it has no meaning left— and it has no Rights. Congress, has nullified its own authority by abuse of the power so enumerated.

That would be the truth no politician has the courage to speak. I can only hope one day enough Americans will speak it for them. On that day the tyranny of the money lenders ends again.


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One Response to “The Paradox of Credit and Debt”

  1. lynda Says:

    We seem to have a long history of corruption in high places.


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