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NORTH AMERICA: WHO IS REALLY RUNNING THE U.S.?PUYALLUP, WA - We received the following comment from a TiM reader responding to this writer's column - "Wall Street's Imperialism" - CHRONICLES (March 1998). His message has been abbreviated to fit our length. As you can see, this TiM reader is alleging that we have a "figurehead president," with the bankers pulling his (and our) strings and running the country: "Get this - the Treasury Secretary told the President what sort of a deal HE had cut with his Wall Street banking pals! This kind of sums up who is really running this country and for whose benefit." [the preceding was a quote from this writer's column in the CHRONICLES.] "The truth of the matter is that Robert Rubin IS more powerful than the President! When you search for the Oath of Office for the 'Secretary of Treasury' you will NOT find one. What you will find is Rubin's APPOINTMENT as the alien, corporate 'Governor' of 'The Fund' and 'The Bank,' and other INTERNATIONAL organizations for a period of five years. The de jure Office of the Secretary of Treasury was formerly a cabinet level position, but after the creation of the INDEPENDENT TREASURY in 1920-21, the funds were COMMINGLED and the Treasury of the United States of America was ABOLISHED. With the creation of the Federal Reserve System in 1913, it set up the mechanism to economically overthrow the de jure monetary system and replace it with paper on a 'float'. Section 16 of the Federal Reserve Act, which is codified at 12 USC 411, declares that 'Federal Reserve Notes' are 'obligations of the United States.' The 'full faith and credit' of the United States was thereby hypothecated and re-hypothecated to the lending institutions for the issuance and emission of bills of credit as legal tender. The paper circulation and transactions accounts could then be inflated by 60% and the purchasing power depreciated and reduced by an equivalent amount. By becoming a member in the IMF, the United States re-hypothecated its obligations and the full faith and credit to the International Organization, under pretense of the Gold Reserve Act and the Articles of Agreement of the IMF. Of course, when a government becomes a voting share stockholder in any corporation, it RELINQUISHES its SOVEREIGN CHARACTER and takes on the character of the corporation. (See: Bank of the United States vs. Planters Bank of Georgia, 6 L.Ed 244). As of 1976, the United States had 19.96% of the voting share stock in the IMF, the largest of any other Nation-State. [As of 1996, the U.S. voting share was 17.78%, more than three times higher than the next two highest countries - Germany and Japan, at 5.54% each. TiM Ed.]. After the passage of Public Law 90-269, on March 18, 1968, the United States declared it no longer guaranteed the uniform value of the coins and currency of the United States. This act REMOVED the remaining reserve requirements on circulating notes and obligations. Approximately $1.3 BILLION in gold was 'pledged' against 'gold certificates' and held as reserves against the Federal Reserve's circulating notes and obligations at this time. Under this Act, the gold certificates were WITHDRAWN and RETIRED, the gold then considered as 'free gold' was paid out to foreign interests at $35 per ounce at a time when the world price of gold was nearly $120 per ounce. The monetary system of gold was then replaced by a mechanism of 'Special Drawing Rights' (SDR's) within the framework of the IMF. Now here is the rub: (1) The operations of the Exchange Stabilization Fund...and now the SDR's...are under the 'exclusive control of the Secretary of Treasury' and 'are NOT REVIEWABLE by any other officer of the United States'; (2) anything in the Exchange Stabilization Fund remains in the Fund, for the use of the Fund; (3) the new program is subject to the Articles of Agreement of the IMF in accordance with Section 3 of the SDR Act of 1968; and the Secretary of Treasury is the 'Governor' of the IMF, (4) and is NOT an officer of the United States. The Secretary (Governor-IMF) issues an international letter of credit called a 'Special Drawing Rights certificate' to the Federal Reserve banks 'in such form and in such determination as HE may determine'. The SDR is then deposited in the Federal Reserve banks, which in turn credits the account of the Exchange Stabilization Fund with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the 'collateral security for Federal Reserve Notes'. The term 'dollar' was thereafter valued in direct and inseparable proportion to Special Drawing Rights, NOT TO 'DOLLARS,' gold and silver Coin. The 'dollar' became mere 'book entries in special accounts of the International Monetary Fund.' (See: Senate Report 1164). Needless to say, the Constitution for the United States of America expressly provided for 'gold and silver coin'. These same metals have an intrinsic value because of their natural scarcity, and the expenditures necessary to extract, mill and refine them. The duty and obligations to maintain the purity of such a dual metallic monetary standard were determined by the Supreme Court in a case entitled, U.S. vs. Marigold, 13 L.Ed. 257, at pages 260-261. In short, Congress is 'accordingly authorized and BOUND IN DUTY to prevent its debasement and expulsion, and the destruction of the general confidence and convenience, by the influx and substitution of a spurious coin in lieu of the constitutional currency.' But par-value requirements and the uniform value of the coins and currency of the United States were eliminated, and with the enactment of Public Law 95-147 on Oct. 28, 1977, this Act placed ALL FINANCIAL INSTITUTIONS - meaning your local bank and credit union - under the DIRECT CONTROL AND SUPERVISION of the alien, corporate, 'Governor of The Fund' and 'The Bank'. There is no longer any obligation to stabilize the exchange value of the 'dollar'. Congress no longer has any control or authority over the de facto monetary system. It has ALL been transferred to the IMF and WORLD BANK via the 'Governor' of the same. Robert Rubin, who is also called the 'Secretary of Treasury' - a former cabinet level position that exists ONLY under PRETENSE OF NAME. The United States exists only as the ALTER-EGO of the IMF and WORLD BANK under the United Nations. Therefore, ALL so-called 'FEDERAL' funding to the several States the Union, indestructible under the Constitution for the United States of America, is in fact and law originating NOT from the 'NATIONAL/FEDERAL GOVERNMENT,' but through and from AGENTS OF FOREIGN PRINCIPALS - International Organizations - that have nothing to do at all with the United States of America. There is no mathematical solution to this problem. The solution does, however, lie in removing this Nation from the Articles of Agreement of The Fund and The Bank. But since Congress are mere willing agents of their foreign principals, the likelihood of this happening is remote. These are just some of the sordid details of this story. It is long and very complex. As they say, tyranny is always cloaked in complexities." ######################################################################## John Prukop, Legal Researcher Citizens for a Constitutional Washington Washington (state) [TiM Ed.: No wonder the U.S. taxpayers are being spent out of house and home by our government! Budget deficits are soaring and our national debt has gone through the roof. The U.S. is now the world's No. 1 debtor nation, according to Peter Peterson, chairman of Blackstone Group, a former chairman of the Council on Foreign Relations and the U.S. Secretary of Commerce in the Nixon administration (see his 1993 book "Facing Up"). Between 1970 and 1990, the federal government borrowing had gone from 15% of private savings to 71%. Meanwhile, guess who is sitting pretty while the U.S. taxpayers are being gouged? The folks who collect the interest - the global bankers which, according to Mr. Prukop, have practically hijacked the U.S. government. Every year, they help themselves to several hundred billion dollars of our money in interest payments alone (the cost of our national debt was $200 billion in 1992, Peterson said, up 10 times since 1972!). And then they have the nerve to come back for more public funds in IMF-led bailouts, such as in Mexico or Southeast Asia. That's not globalism; that's feudalism, with taxpayers in the role of serfs!].