Is the US bankrupt?


Bankruptcy of U.S in 1933 & State of Emergency, War Powers & Trading with the Enemy Act of 1917


The United States went “bankrupt” in 1933. [President Roosevelt Executive Order 6073, 6102,
6111, 6260; Senate Report 93-549, pgs. 187 & 594, 1973]

In 1950, declared “bankruptcy and reorganization”. Secretary of Treasury appointer receiver in
the bankruptcy [Reorganization Plan, No. 26, 5 U.S.C.A. 903; Public Law 94-564; Legislative
History, Pg. 5967]

The Secretary of the Treasury is the “Governor” of the International Monetary Fund, Inc. of the
U.N. [Public Law 94-564, supra, pg. 5942; U.S. Government Manual 1990/91, pgs. 480-81;
26 U.S.C.A. 7701(a)(11); Treasury Delegation Order No 150-10]

On Oct. 28th 1977, the United States as a “Corporator” and “State” declared insolvancy. State
banks and most other banks were put under control of the “Governor” of the “Fund” (I.M.F.). 26
IRC 165 (g)(1); U.C.C. 1-201(23), C.R.S. 39-22-103.5, Westfall vs. Braley, 10 Ohio 188,
75 Am. Dec. 509, Adams vs. Richardson, 337 S.W. 2d. 911 Ward vs. Smith, 7 Wall 447

“Mr. Speaker, we are now in Chapter 11. Members of Congress are official Trustees presiding
over the greatest reorganization of any bankrupt entity in world history, the United States
government…” — (Mr. Trafficant from Ohio, Congressional Record, pg. H1303, March 17th, 1993)
“…the United States obligations in the International Monetary Fund…” — Public Law 94-564,
94th Congress, Sec. 10(a)

State of National Emergency

“Since March 9th, 1933, the United States has been in a state of declared national emergency…”
(Senate Resolution 9, 93d. Congress, 1st. Session, Foreward, 1973)

“When Congress declares an emergency, there is no Constitution…” (Congressman Beck,
Congressional Record, Farm Bill, 1933)

“A majority of people of the United States have lived all of their lives under emergency rule. For
40 years, freedoms and governmental procedures guaranteed by the Constitution have in varying
degrees been abridged by laws brought into force by states of national emergency…” — Senate
Report 93-549 (Introduction) 1973

“The President may: Seize property, organize commodities, assign military forces abroad, institute
Martial Law, seize and control and transportation and communication, regulate operation of private
enterprise, restrict travel, and in a plethora of particular ways, control the lives of all American
citizens”. — Senate Report 93-549; Senate Resolution 9, 93d Congress, 1st. Session (III) 1973
See: Chapter 1, Title 1, Section 48, Statute 1, March 9, 1933; Proclamation 2038; Title 12 U.S.C 95(b)

Currently, permanent state of national emergency. — 22 U.S.C.A. 286d. 1977;
See: Executive Order 12919 signed by President Clinton

Trading with the Enemy Act of 1917 & 1933 (People Declared the Enemy)
Oct. 6, 1917, under the Trading with the Enemy Act, Section 2, subdivision (c), Chapter 106 –
Enemy defined “other than citizens of the United States…”
March 9, 1933, Chapter 106, Section 5, subdivision (b) of the Trading with the Enemy Act of
Oct.6 1917 (40 Stat. L. 411) amended as follows “…any person within the United States..”
See H.R. 1491 Public No.1


does a bear shit in the woods?

at 16T down the drain its all over..but are they in fact legally bankrupt as well?..and if does that work and why are they AAA rated now?..the other legislation looks equally nasty..would love an explanation of how this all works and wether its legit..


~ by seeker401 on December 9, 2012.

2 Responses to “Is the US bankrupt?”

  1. and Barry wants to raise the debt ceiling so he can keep going on those 4 mill dollar vacations to do absolutely nothing. Americans should be outraged, protesting outside the white house, when Obama lands on his vacation, they should be there to raise hell over the job he’s doing, but no as long as American Idol comes on and the lights still turn on, they don’t care.

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