The Lost Pages of American History Part III

Many of us are taught that the United States Constitution is the law of the land. Unfortunately, the Constitution has been ignored, deemed unreasonable in the 21st century, and otherwise made irrelevant to the way Congress has acted for the last 160 years. The desecration of our Original Constitution by past manipulations by Congress 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 the Power Brokers to control the destinies of countless millions of Americans.

It is in the areas of finance that the American citizen has been and continues to be at the mercy of government intrusion. A government that has stripped us of many of our liberties and freedoms. Now we are faced with a dilemma about the constitutionality of not only the US dollar, but also the ever-invading cyber currencies like 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, from 1960, the dollar was stripped of its silver backing. So now the US dollar is fiat currency, which means that the only backing 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 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 them, transfer money to other accounts, hold it for interest, prevent you from transferring money, and even seize it for ransom, as happened in the 2008 financial crisis. The other concern is that, according to The Constitution states that no currency shall be created unless it is backed by assets. All of these asset-backed currencies are still represented as notes. We must remember that asset-backed notes are certificates of ownership of a real commodity or real money with the commodity embedded in the currency itself. The problem is that the value of asset-backed 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 has no unilateral backing and is therefore unconstitutional by acts of Congress. In other words, Congress has taken it upon itself to amend and pass legislation that clearly circumvents the intent of our founding 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. This is a quasi-governmental entity newly established by Congress to improve the flow of credit to specific sectors of the US economy. Fannie Mae, Goldman Sacs, and Freddie Mac are examples of government-sponsored companies. 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 in financial institutions. All of which has now created the largest wealth disparity gap in history, created the largest national debt in history, and fostered not one Great Depression but several depression-like economic catastrophes that have left a sobering realization that if Congress Had it acted in good faith by adhering to the Constitution, many of our current currency crises would have been averted. 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.