The United States, in Congress assembled proclaims the existence of a default on the guarantee of a republican form of government!



The United States, in Congress assembled proclaimed the existence of a default on the guarantee of a republican form of government offered by United States inc. LINK In fact, the default happened in 1933. Since that time the United States inc. has been attempting to and operate under a socialist form of regime which is nothing more than a dictatorship.

The plan started in 1913 and possibly earlier, with the Federal Reserve Act of 1913 wherein the policy of the act is in full force and effect today. The U.S. Department of Treasury had the following to say about the federal reserve system, its agreements, and describes an implementation of nothing more than a property grab and a bogus first lien holder status against everything its federal reserve notes touch:

Quote: What are Federal Reserve notes and how are they different from United States notes?
Federal Reserve notes are legal tender currency notes. The twelve Federal Reserve Banks issue them into circulation pursuant to the Federal Reserve Act of 1913. A commercial bank belonging to the Federal Reserve System can obtain Federal Reserve notes from the Federal Reserve Bank in its district whenever it wishes. It must pay for them in full, dollar for dollar, by drawing down its account with its district Federal Reserve Bank.

Federal Reserve Banks obtain the notes from our Bureau of Engraving and Printing (BEP). It pays the BEP for the cost of producing the notes, which then become liabilities of the Federal Reserve Banks, and obligations of the United States Government.
Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States securities. This provides backing for the note issue.

The idea was that if the Congress dissolved the Federal Reserve System, the United States would take over the notes (liabilities). This would meet the requirements of Section 411, but the government would also take over the assets, which would be of equal value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are “backed” by all the goods and services in the economy. end quote LINK

The proclamation lays out the scheme to force everyone into a socialist dictatorship which in fact has been happening since the majority of us were born. It appears there will always be someone that enjoys the control over others when their own lives are a mess and wholly unorganized. There will be more to come on this issue at a future date certain.