Is this the current theory?
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Basically the US defaulted in the 1880's because of the Civil War and corporations robbing the country blind due to poor regulatory oversight. The Congress went to the Rothschild bank in London (most likely because of mutual cult affiliations) and asked for a huge loan to keep the country running. In return for the money they put us under a Second Constitution which allowed our laws to go from protecting our rights by virtue of them being god given to being protected in relation to the needs of the country's leaders. Similar to how a company hires and fires people based on it's budget.
This whole concept is a giant mindfuck we were never told about growing up, going through school etc... Never told this truth. The USA has been run as a corporation and every man, woman and child has been a franchisee of said corp.
This franchisee is a "legal fiction" or a "strawman" that is subject to both maritime law and law of the land. And our taxes are paid to the royal crown of the UK as tribute to the original Virginia co that created the USA Inc to begin with.
Check this vid when you get a chance.
TRUTH BOMBS
I know. My school really briefly brushed over the post Civil War stuff. Just that we expanded our borders and killed some native Americans. I only knew about the corruption scandals and kleptocracy from independent research years later.
Good link...long read http://usavsus.info/