David Merrill,
I was looking at the topic of the 'bankruptcy', and I was contemplating it from this prespective:
If the People gave all the gold to the US to prevent the bankruptcy, then is the US bankrupt, or just in debt to the People?
Something about the US being able to go into an unlimited debt to the People, and the People have an unlimited credit with the US comes to mind, and something about the difference of getting a loan and being extended credit also seems to come to mind (... where did I read/hear that?).
Then I started looking at the 14th amendment (
keeping in mind this is binding on government), specificaly this part:
Section. 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
I don't think it is the People that owe the debt, nay, I know its not, it is the U.S.
et al. that is the debtor, and so it would be proper for people acting in the person of U.S. employee/person to say "We owe the debt.", but not proper for the People to say they do, they are the creditors to the debt, this position of creditor is an indefeasable right of any heir apparent (
someone born on the part of earth called by the name of one of the 50 states).
I would have to say the U.S. isn't bankrupt, just unable to pay its debt, but the creditors arn't calling the Note due, yet... are they? They seem to be
enjoying the bliss of ignorance!!! (did the sarchasm translate well at the end?)
In this light, would the People be considered 'international bankers' in relation to the US
et al.?
ThomPaine, There is the
reality of the legal fiction, and then there is simply
reality.
When I get lost in the
reality of the fiction, I seek refuge in
reality.
In
reality, is the exchange of "paper and ink" for a "burger", at a place setup and willing to make such exchanges, anything other then "barter" between People willing to make such an exchange?