September 15, 2011 in United States
The next topics in Congressman Traficant’s 1993 speech were currency and the Federal Reserve.
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.
For the first time, I understood why dollars are not money. I realized changing the government structure to a democracy effectively voided at least part of the United States Constitution. It took government’s responsibility to issue money and transferred it to the Federal Reserve to create currency, an exchange system built on debt. (I explore the possibility that this system is being used to create a new definition of wealth in the Finance section of this website.)
From there, Traficant went on to elaborate about the dangers of substitute money and to question the legality of the Federal Reserve. Rather than continue to evaluate his speech, I’ll let you do that if you want by using this link.
My purpose is to respond to news and life from a peaceful perspective so let’s look at how to respond to this information peacefully.
The first steps to responding in a peaceful manner to anything is to understand it. Here are the items discussed in the speech:
- The United States Federal Government went bankrupt in 1933.
- This bankruptcy is managed by international bankers.
- The Federal Reserve is managed by the same bankers.
- The reorganization voided at least part of the Constitution.
During my research on this topic, I discovered that Traficant may not have had all the facts. Apparently, there are two governments: a Republic and a Democracy. This dualistic system produces confusion at many levels and allows those with legal expertise to manipulate the system to accomplish personal agendas.
This is the country I live in today. How can we respond peacefully to this situation? Leave your thoughts below.
FOOTNOTE – By the way, I realize that some may deny that Traficant made this speech. Others may say he made the speech and his statements are inaccurate. After all, something isn’t true just because something was said “on the record” by a politician. My research shows that he made the speech and it is accurate. If you have additional information that shows otherwise, I would welcome the opportunity to review it.