America is Bankrupt – Here’s Why

Patrick Herbert, Contributor
Waking Times

The United States 1754 – 1863

On April 25^th 1863 Lincoln bankrupted a commercial company known as the original United States.

Prior to this, Lincoln had formed a Delaware Corporation doing business as The United States of America, Inc. in order to continue to keep the wheels of government moving following the departure, on March 27^th 1861, of eleven congressional delegates that represented the Southern States, an action which forcefully adjourned congress without having established a future date to re-convene.

The United States of America, Inc. would claim to be a successor to the commercial company known as the United States; however, there was never any contract binding the original United States to any successor corporation. Lincoln essentially substituted his corporation as a successor trustee with the remaining members of congress acting as a corporate Board of Directors.

On April 24^th 1863, Lincoln issued General Order 100 placing the Grand Army of the Republic in charge of the fate of the nation and then on April 25^th 1863, Lincoln bankrupted the original United States.

By the time the Armistice is signed in April 1865, war had ravaged the country. The Southern States were in ruins and under military occupation and the Northern States were bankrupt. With the original Congress of the Constitution having been dissolved and replaced by a “Congress” acting as a corporate Board of Directors operating a private, for-profit, commercial corporation called The United States of America, Inc., the period of 1867 – 1868 and the passing of the Reconstruction Acts were a time of great deceit.

The corporate “Congress” engaged in the creation of five military districts in ten Southern States and allowed the military district commanders to appoint “judges” to run civil tribunals, essentially creating a form of law called “Special Admiralty” which is not and has never been authorized by the constitution. To this day the identification of this court is to be found by the presence of a gold fringed Stars and Stripes with the judge acting as the “captain” or “master” of the ship or enclave.

READ: FRACTIONAL RESERVE BANKING – HOW TO CREATE MONEY OUT OF THIN AIR

In 1868, this same corporate “Congress” proceeded to publish its corporate articles as a deceptive look-alike and sound-alike constitution. The title was purposefully given a similar name to the original constitution. Where the original constitution by the founding fathers was called “The Constitution for the united States of America” (the lower-case ‘u’ is intentional), the new document was called the “Constitution of the United States of America” and it was written in similar tone and language as the original.

With this new corporate charter, the articles and by-laws of this new commercial corporation no longer required any ratification of amendments by the states. This paved the way for the unratified Fourteenth Amendment to be born into law by a simple proclamation of it having been passed in 1868.

The Fourteenth Amendment was designed to establish the underlying debt of the Government to the international bankers. From then on, every person born was born into private corporate limited liability as a corporate entity called a “citizen of the United States” and the banks established maritime salvage liens against every man, woman, child, all land, and every business in America (see: We the Subjects).

The United States of America, Inc. 1868 – 1933

In February 1871, the corporate “Congress” formed a corporation, commercial agency, and government for the “District of Columbia” (see: Treason and the Act of 1871). With this, “Congress” declared itself to be the successor of all “United States corporations” and the property of all said corporations claiming complete ownership of every corporation in America. This claim extends to all the natural-born inhabitants (now called citizens) and all of their assets.

Not content with the semantic deceit wrought by both the new corporate charter posing as the constitution and the Act of 1871, which created a separate foreign government in the 10-square mile parcel of land known as Washington, D.C., the corporate “Congress” sought to legitimize itself through the creation of a separate nation using federal territories and possessions as “states” complete with their land jurisdictions. The permission for this was derived from a series of Supreme Court cases known as the Insular Tariff Cases. This “union” of “states” operating as “the United States of America (Minor)” in place of the Continental United States is composed of Guam, Puerto Rico, and American Samoa.

By 1912, the bonds that were owned by the bankers keeping the government-funded came due, and by that time a strategy was already well underway by European banking interests to gain exclusive control of the money supply for the government with a private, commercial, and mostly foreign owned association called the Federal Reserve. This association bought the United States of America, Inc. and all of its “state” franchises and “agencies”.

The use of the word “Federal” in the title was for the purposes of deceiving the population into believing that the bank was a part of the federal government. The Federal Reserve Act was signed into law by President Woodrow Wilson without being ratified by any state in 1913. In response to this, Congressman Charles A. Lindbergh famously said: “From now on, depressions will be scientifically created.”

In 1917, the corporate “Congress” acting in accord with their international banking bosses conscripted all private property in America through the passing of the “War Powers Act”. Prior to this time there has never been any mention of anything called “War Powers” or any avenue that could be pursued that would entitle any government entity to the private possessions of every man, women, and child in America for military use. This was an illegal and unconstitutional power grab.

Following the cessation of military involvement in the First World War, the corporate “Congress” and various Presidents continued to declare “states of emergency” and “states of war” in order to retain control of all assets belonging to the states and state citizens. It is for this reason that the United States of America, Inc. would be in possession of these assets when bankruptcy would eventually be declared in 1933.

Leading up to this bankruptcy was a boom known as the “Roaring Twenties”. The 1920’s saw massive leveraged investment speculation as the Federal Reserve was excessively printing money with the bankers allowing markets to build along with a comfortable population making increasingly risky investments hoping for a fortune in an overvalued market.

In 1929, the Federal Reserve abruptly and purposefully cut off the money supply and, as a result, triggered a depression. Businesses were closed and real estate prices dropped. The bankers, however, were positioned to benefit from this fallout immensely and make a tremendous amount of real estate acquisitions for pennies.

READ: A BRIEF HISTORY OF THE FEDERAL RESERVE

At this same time, the US Treasury was paying interest to the Federal Reserve Corporation in gold certificates, coin, and bullion that were then shipped off to the European banks controlled by the elite. By 1933 the Treasury was drained and the government was insolvent.

On March 6^th 1933, Roosevelt proclaimed the bankruptcy of the United States of America, Inc.

The Fourteenth Amendment had established a “citizen of the United States” that all “Governors” of 48 federal “State” franchises pledged “the good faith and credit” of as an asset to finance the Chapter 11 re-organization expenses and pay interest in perpetuity to the creditors on the “national debt”. Conveniently, the Fourteenth Amendment states that the payment of this debt “shall not be questioned”.

The creditors, of course, were the Federal Reserve bankers.

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