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Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913)
"Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate.
In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System. In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.
The Bankruptcy of the United States
Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?
Originally posted by Amethyst
I don't like the sound of that.
You got all these big-spenders to thank for that one--especially Bush. (Just my take.)
Now what exactly does it take for us to be in a depression?
Originally posted by Seekerof
No debt [other than one Stafford loan to be paid off by 2010].
House paid for [inherited].
No private loans.
Federal Reserve can kiss me behind.
seekerof
[edit on 17-7-2005 by Seekerof]
Originally posted by Seekerof
No debt [other than one Stafford loan to be paid off by 2010].
House paid for [inherited].
No private loans.
Federal Reserve can kiss me behind.
seekerof
Originally posted by billybob
did you pay the national debt off, too? YOU are responsible for that, too, you know.
Originally posted by Thomas Crowne
Ok, does anyone have any doubt as to why Jim Trafficant was tossed into jail?
Amythest, no need in getting wrapped around the axels about Bush's spencing (in regard to this) as we weren't ever going to repay it, anyway.
Those in power never wish the debt repaid, they never wish the people freed of their chattel state they are now in. The reason they imprisoned Jim is because he blurted out what he was not supposed to tell us.