Actually the banksters’ debt. See http://monetary.org/ for a way out of this colossal scam.
We commonly use two misleading expressions; “money out of thin air” and “government printing press” both imply that our money has no backing. And often, the term “fiat” money is used to imply the same misconception. The truth is that every dollar (FRN) issued by the private banks is backed by the good faith and credit of “We the People.”
It is true that the money is created for free by the private banks and it is true that the banks add neither any banking or reserves but; it is not free for “We the People.” The banks use our credit which means we are backing the money. If you are wondering why we as a nation; are paying private banks interest and principal for money created via OUR credit – you are catching on – but that’s another story!
I have often wondered what the reckoning might look like when we finally begin to default on our national debt. What’s on the other side of national bankruptcy? In some other bankrupt countries, we’ve seen natural resources taken and public infrastructure privatized in leiu of debt repayment. This article provides some other possibilities and a plan for what may be coming:
A listener sent me a copy of a report of the FOURTH WORLD WILDERNESS CONGRESS, which was held in Denver in 1987. Over 1500 people from sixty countries were told that wilderness lands were to protect the reindeer, the spotted owl and other endangered species. Ninety percent of the group consisted of conservationists, ecologists, government and United Nations bureaucrats. The other ten percent were world banking heavyweights, such as David Rockefeller of Chase Manhattan Bank, London banker Edmund de Rothschild and the Secretary of the U.S. Treasury, James Baker, who gave the keynote address. George W. Hunt, an investment councilor, served as official host and sat in on all the meetings. It was George Hunt that wrote the report from which I have gleaned much of my information.
During the first three days, the group was told that the WILDERNESS CONGRESS was about beating the ozone deterioration and bringing the rain forests back. The following days were closed to the public. With only the bankers in attendance, the topics discussed centered on the creation of a “WORLD CONSERVATION BANK” with collateral being derived from receipt of wilderness properties throughout the world.
This bank would have central bank powers similar to the Federal Reserve. It would create currency and loans and engage in international discounting, counter-trade, barter and swap actions. Rothschild personally conducted the monetary matters and the creation of this WORLD CONSERVATION BANK. This bank would refinance by swapping debt for assets. A country with a huge national debt would receive money to pay off the debt by swapping the debt for wilderness lands. The plan was to swap one trillion dollars of Third World Debt into this new bank. In the long term, when the countries won’t be able to pay off the loans, governments from around the world will give title to their wilderness lands to the bankers.
George Hunt wrote: “Title to the lands will go to the World Wilderness Land Inventory Trust. This Trust will float into the World Conservation Bank by the unanimous decree of the world’s people, saying, God bless you for saving our reindeer.”…
The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. 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 m 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?’ …
What is the collateral on the US federal debt?
It’s quite a revelation to see that communism was always a bankster plot, since it pits the poor against the middle class instead of against their common enemy. That’s why the russian revolution was bankrolled by the banking cabal. https://www.voltairenet.org/IMG/pdf/Sutton_Wall_Street_and_the_bolshevik_revolution-5.pdf
Banksters are not interested in ideology or philosophy except as levers of mental control. That’s why they’re as comfortable with islamic fundamentalists as they are with fascists. It’s all about the structure of social organization in such societies: top down pyramidal control. What they don’t want is people cooperating with each other on a community level. Not only are communities harder to control politically, they’re harder to skim profits from. That’s why the destruction of the family is job one. http://thoughtcrimeradio.net/2014/02/the-war-on-empathy-love-and-family/
Is there a connection between the above and the BLM/rancher confrontations of late? http://www.naturalnews.com/044738_Bureau_of_Land_Management_foreign_interests_American.html Not only is the land already inventoried, but self-sufficiency seems to be a sin.