Legal Law

The Lost Pages of American History Part III

Many of us are taught that the Constitution of the United States is the law of the land. Unfortunately, the Constitution has been ignored, deemed unreasonable in the 21st century, and otherwise rendered irrelevant to the way Congress has acted for the past 160 years. The desecration of our Original Constitution by Congresses, past manipulations to circumvent certain articles, has opened a Pandora’s box of contingencies that are little known to the American public. All of which continues to enrich Power Brokers to control the destinies of countless millions of Americans.

Finance is where the American citizen has been and continues to be at the mercy of government meddling. A government that has stripped many of our liberties and liberties. Now we are faced with a dilemma about the constitutionality of not only the US dollar, but also the ever-invasive cyber currencies such as Bitcoin and other cyber-type currencies. Since 1934, when Congress amended Section 16 of the Federal Reserve Act, the US dollar has been stripped of its gold backing. And, since 1960, the dollar has been stripped of its silver backing. So now the US dollar is fiat money, which means that the only endorsement of our currency is the faith of the US government.

The main concern now is that the US dollar is just fiat money. Bitcoins and other cyber currencies are also fiat money backed by one who knows good faith and credit. Then there are the bank transfer systems. The question is who controls them? These transfer systems are the conduits that allow interbank money transfers. But, many times, whoever controls them can intercept, transfer money to other accounts, retain it earning interest, prevent it from transferring money and even confiscate it for bailouts, as happened in the 2008 financial crisis. The other concern is that, according to the Constitution, states that no currency will be created unless it is asset backed. All of these asset-backed currencies are still represented as promissory notes. We must remember that asset-backed notes are certificates of ownership of a real product or real money with the product embedded in the currency itself. The problem is that the asset-backed value of money is that the currency has been stolen or sold to anonymous parties.

When we put all this together, the US currency, the dollar now lacks unilateral support and is therefore unconstitutional by acts of Congress. In other words, Congress has been charged with amending and passing laws that clearly circumvent the intent of our foundation and our Constitution. We must also remember that when the Federal Reserve Act was passed in 1913, Congress did so without the constitutional authority to do so. Now our currency is only backed by what is called a Government Sponsored Company. It is a quasi-governmental entity established again by Congress to improve the flow of credit to specific sectors of the US economy. Fannie Mae, Goldman Sacs, and Freddie Mac are all examples of government-sponsored businesses. And we all know what these financial institutions did to the American public before 2008. They created the worst financial disaster since the Great Depression.

What Congress has done over the years has created smoke and mirrors for financial institutions. All of which has now created the largest wealth disparity gap in history, created the largest national debt in history, and fueled not a Great Depression, but several depression-like economic catastrophes that have left a sobering understanding that Congress acted in good faith by adhering to the Constitution many of our current currency crises would have been avoided. Instead, we are left with a nation that is on the brink of the greatest financial disaster in history. All because Congress did not comply with the Original Constitution.

Leave a Reply

Your email address will not be published. Required fields are marked *