Posted on 03/07/2009 2:46:40 AM PST by 2ndDivisionVet
The stock market has plunged to its lowest point in decades, unemployment is up, and home foreclosures are sweeping the country. Still, Americans think it can get even worse – a lot worse. Fully 61 percent of Americans think it is possible the United States government could literally go bankrupt. That’s according to a new Fox News poll released Thursday.
And what about the billions of dollars the government has spent since last fall to get the economy back on track? Many Americans think its simply not working: 44 percent say “things would be the same as they are today or even better” without the spending, while 38 percent think “things could have been a lot worse,” without the spending. Another 14 percent think it is too soon to tell.
Some 60 percent of Americans now describe themselves as confident “about the future security of your job,” down from 64 percent in September 2008 and 82 percent in October 2007.
Lower earning workers are the least confident in their job security. Nearly half (45 percent) of households with annual incomes under $50,000 are confident in their job security, compared to 70 percent of higher earning households.
Opinion Dynamics Corp. conducted the national telephone poll of 900 registered voters for FOX News from March 3 - March 4, 2009. The poll has a 3-point error margin.
Even with these growing concerns about financial stability at the national and household levels, most Americans remain optimistic that the policies of President Obama will provide some relief.
A 63 percent majority of Americans believe Obama’s priorities and policies are more likely to “significantly help the country,” while 25 percent believe they are more likely to “seriously harm the country.” Democrats nearly unanimously (90 percent) believe Obama’s policies will help...
(Excerpt) Read more at foxnews.com ...
By what definition are we not?
If someone took the prinintg presses away from the Treasury we would be Bankrupt.
Then how do 63% support this jackasS?
“......most Americans remain optimistic that the policies of President Obama will provide some relief.”
Most Americans are going to be gravely disappointed as Obambi has no favor from God to succeed.
TRAFFICANTE: ON THE BANKRUPTCY OF AMERICA
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund.
THIS IS ALSO WHY PEOPLE CALL US
A DEMOCRACY INSTEAD OF A REPUBLIC!
United States Congressional Record March 17, 1993 Vol. #33, page H-1303 Speaker-Senator James Traficant, Jr. (Ohio) addressing the House: “Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.”
It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress in session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States.”
United States Congressional Record May 4, 1992, page H 2891, Senator and Chairman of the House of Representatives Committee on Banking, Finance and Urban Affairs, Senator Henry Gonzalez (Texas) speaking on “NATIONAL AND INTERNATIONAL THIEVERY IN HIGH PLACES” “We are bankrupted. We are insolvent on every level of our national life, whether it is corporate, whether it is just plain you and I out there with the life of debt that we have all piled up, private debt, credit cards and what not, or whether it is the government. We are insolvent. How long will it take before that nasty Mega-truth is conveyed?”
United States Congressional Record January 19, 1976, page 240 Marjorie S. Holt (Maryland): “Mr. Speaker, many of us recently received a letter from the World Affairs Council of Philadelphia, inviting members of Congress to participate in a ceremonial signing of “A Declaration of INTERdependence” on January 30 in Congress Hall, adjacent to Independence Hall in Philadelphia. A number of Members of Congress have been invited to sign this document, lending their prestige to its theme, but I want the record to show my strong opposition to this declaration. It calls for the surrender of our national sovereignty to international organizations. It declares that our economy should be regulated by international authorities. It proposes that we enter a “New World Order” that would redistribute the wealth created by the American people. Mr. Speaker, this is an obscenity that defiles our Declaration of Independence, signed 200 years ago in Philadelphia. We fought a great Revolution for independence and individual liberty, but now it is proposed that we participate in a world socialist order. Are we a proud and free people, or are we a carcass to be picked by the jackals of the world, who want to destroy us? When one cuts through the high-flown rhetoric of this “Declaration of INTERdependence,” one finds key phrases that tell the story. For example, it states that ‘The economy of all nations is a seamless web, and that no one nation can any longer effectively maintain its processes of production and monetary systems without recognizing the necessity for collaborative regulation by international authorities.’ How do you like the idea of “international authorities” controlling our production and our monetary system, Mr. Speaker? How could any American dedicated to our national independence and freedom tolerate such an idea? ....America should never subject her fate to decisions by such an assembly, unless we long for national suicide. Instead, let us have independence and freedom....If we surrender our independence to a “new world order”........,we will be betraying our historic ideals of freedom and self-government. Freedom and self-government are not outdated. The fathers of our Republic fought a revolution for those ideals, which are as valid today as they ever were. Let us not betray freedom by embracing slave masters; let us not betray self-government with world government; let us celebrate Jefferson and Madison, not Marx and Lenin.”
A dollar is a measure of weight defined by the Coinage Act of 1792 and 1900 which is still in force today. A “dollar” specifies a certain quantity, 24.8 grains of gold, or 371.25 grains of silver. In Black’s Law Dictionary, sixth Edition, Dollar: “The money unit employed in the United States of the value of one hundred cents, or of any combination of coins totaling 100 cents.” Cent: “A coin of the United States, the least in value of those now minted. It is the hundredth part of a dollar.”
Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be “money” in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency.” Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not “money.” A Federal Reserve Note is a debt obligation of the federal United States government, not “money.” The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.
It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any “money.” Most Americans have not been paid any “money” for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are “bankrupt,” along with the rest of the country?
Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). When ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs. Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.
There is a fundamental difference between “paying” and “discharging” a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of “good & valuable consideration.” Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.
Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.
The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a “Canon Law Trust” as their model, adding stock and naming it a “Joint Stock Trust.” The U.S. Congress had passed a law making it illegal for any legal “person” to duplicate a “Joint Stock Trust” in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]
The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same. Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.
Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “Hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve,-in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.
In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.
This has been going on for over eighty years without the “informed knowledge” of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt. Why don’t more people own their properties outright? Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?
We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.
America has become completely bankrupt in world leadership, financial credit, and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country. Join AWARE to network with others who feel the same way you do!
YOUNGSTOWN — The operator of an Ohio halfway house says former congressman James Traficant will arrive March 9 for the final months of his eight-year federal sentence.
Community Corrections Association Chief Executive Richard Billak says the nonprofit organization in Youngstown received a call from federal prison officials Monday. Billak says he answered “Sure” when asked if CCA’s 28-bed facility would accept a high-profile placement.
Democrat Traficant represented the Youngstown area in Congress for 17 years. He was convicted of charges he received gifts and free labor from businessmen for his political help, and took cash kickbacks and free labor from staff.
Billak says Traficant will have to find a full-time job and will be allowed to go home for limited weekend visits.
My guess - just like the Oval Office, that particular support poll is full of foreigners?
financially bankrupt - maybe !
morally bankrupt - certainly
So lets see... Who exactly is greedy here? They see somebody else with something more than they have and they want to take it from them. It doesn't matter that the person with something worked hard for it. Expecting to be rewarded for one's hard work is "greedy" but taking it from them by force of law isn't greedy at all.
If America is bankrupt, does this dissolve the compact between the states and a federal government? If so, why are we spending money to elect and pay “representatives” to a non-entity? Now comes the $787,000,000,000 question: If America is bankrupt, why are we paying taxes?
This moral and financially bankrupt body needs to be exorcised. Its proclamations, acts, bills and laws have no standing, only implied force behind it. I REFUSE!
I suspect that home foreclosures are up because homeowners listen to Obama say that the government is going to help them. Why struggle to pay your mortgage when your neighbor just went belly up to qualify for more freebies from the government? Homeowners are merely reacting to Obama's promise to help.
” only implied force behind it “
There’s nothing ‘implied’ about it....
“financially bankrupt - maybe!
morally bankrupt - certainly”
Amen - And while we could survive financial bankruptcy, moral bankruptcy will destroy us.—JM
So much for Full Faith and Credit.
If 61% think the US can go bankrupt, then 61%(at least) should stand up and tell the US to quit borrowing money it has no chance o f repaying.. How simple does it get?
Glenn Beck had a theory that it was because he made (some) people feel good. Kind of like FDR.
As an opinion it's as good as any but I wondered if it was because some people were so PCed that they were afraid how it'd look to say they disagreed with someone who is, uh, has, uh, big ears. Yeah, that's it, big ears.
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