Jim Rickards is sounding the alarm on what he’s calling the “greatest cover-up in American financial history.” According to Rickards, a $150 trillion “national trust” as he calls it—hidden for over 160 years—could soon be unlocked, thanks to a quiet but pivotal Supreme Court decision.
(www.globenewswire.com)
🧐 Research Wanted 🤔
To whom are we in "debt" to?
Ourselves.
Well then, I demand my share. $428,571.
And the whole world. US keeps on issuing debt on top of debt internationally as well as to itself.
I genuinely hope the entire structure is under close scrutiny because its ridiculous.
Debt based system. What is a Federal Reserve note besides a promissory note? Oh ya, legal tender dollars. Debts are paid with more debt. Pfft!
And all the while they short the debt itself through constant diluting effect of inflationary note manufacture. The only end result of that is eventual bankruptcy... collapse of the nation itself... or a massive shift away from that system bringing back a strong stable currency once again.
Therefore we pay ourselves back... I like the way you think.
To anyone who owns Treasury Bills.
Fictional negotiable instruments backed by fictional negotiable instruments, issued by fictional corporate entities (USA, Inc. + private Fed) that can be printed into infinity. None of it based on anything "real".
Thus, the "national debt" isn't "real". It's a fiction. And the vast majority of T-BIll holders know this, as they are also in the business of issuing their own fictional negotiable instruments. A giant circle-jerk of epic proportions where we-the-people always end up as the "bag-holders" in relation to those who understand what's really going on.
Some day...soon I hope...the script is gonna flip and the new bag-holders will be all these fictional corporate entities known as "nations" or "states" running the ruse.
All this to say, the "national debt" is not we-the-people's concern, and those not in on the ruse will ultimately be made whole, instead of continuing to be the bag-holders they've been since time immemorial.
How are T bills fictional? Even within a fiat system a contract is a contract.
The entire monetary and legal system's basis is fictional - dead - unreal. All based on "corporations" (orating corpses), i.e. "USA, Inc.". Thus, a fiction can only generate more fictions - fiat currency, U.S. citizens, artificial persons, residents, taxpayers, drivers, defendants, plaintiffs. All fictions.
Gold is money, everything else is credit (debt) - J.P. Morgan.
A real and true contract is based on 6 basic elements, the one missing in the fiat system is "awareness". As in, the brainwashed masses are not aware of the essence of the contract, deliberately withheld by the fictional entity on the other side (USA, Inc. - Federal Reserve). In short, there is not truly a "meeting of the minds". The yield/coupon is not really what it appears to be in relation to inflation (legal theft) and fraudulent CPI figures generated by those on the other side of the contract. It's all an illusion.
We could even go one step further in regards to contracts, by investigating whose "mind" -- like exactly - the mind of another man or woman, are you meeting with? You're not, right? It's your mind on one side, meeting with a fictional entity. Thus, no "meeting of the minds" if you want to be extra strict about the definition of a valid contract. There is no man or woman on the other side that could ever be "in breach of contract" with you. Thus, there's no actual contract, only a fictional one.
The way the legal system makes it work, is they have to turn you, a man/woman into a fictional entity in order to deal with their fictional entity. So "contractually", you are LEGALLY, but unlawfully converted, into something like an "investor" or a "buyer" or "creditor" or "tenant in common" or "lienholder" or "registrant" or "taxpayer", etc. You can be a million fictional things in their contracts, but never a man/woman - something "real".
Effectively, the contract is also a "fictional entity". As in the legal system. As in, Tom Smith, -acting as the honorary judge Smith in the course of a legal proceeding. Tom is a "real man" for most of his life, but when "acting as judge", he is something else - a fictional entity - a BAR judge - a totally made up entity. And in his capacity, he's required to uphold the fictional over the real if the parties involved don't understand how the system works.
And we're not meant to understand any of this. This is their "game". This is the "matrix" in a very real sense.
They could pull the plug on all of it tomorrow and there's not a thing anybody could do about it. FedBux, Treasuries, bonds, etc. all literally just pieces of paper in an instant!
In one sense, that would restore the power to the people and the realm of the "real" in short order. But there would be immense chaos as the masses slowly came to terms with the fictional realm they'd been enmeshed in all their lives.
Real people cannot contract with corporations. Only corporations can contract with another corporation. Let that sink in.
Corporations are fictional financial entities known as persons. Or vice versa.
https://www.williamsandwilliamslawfirm.com/a-treatise-on-the-word-person
That's the standard line, but it's not really true. Or at least there's a LOT more to the story than that.
First, these "Treasury Bills" aren't from the Treasury, they are from the Fed, which is a distinct entity.
Second, they are Bonds, which means they are "money," which means they don't actually exist. I suppose I should go through that a bit.
Money, as we currently conceive of it, is actually a Federal Reserve Note (FRN). It isn't "US money," it is a FRN. FRNs are "debt instruments," which means, it doesn't actually exist. It is a "promise" that you can get a real asset from future human labor. Both sides of that equation doesn't actually exist. Where does this non-existent thing come from? It is fabricated out of thin air. A Bond (or any "money") is the creation of two things; a debit (Debt), and a credit (Money) They are both worth exactly 0. The debit and the credit together then, also add to 0. No matter how big they are, they are both together exactly zero:
Money = Debt --> Money - Debt = 0.
So it seems like someone is getting something, and someone is losing something. But in reality, nothing has changed hands. There are no assets there. It is just a belief that at some point you might be able to give your non-existent thing to someone else and they will be stupid enough to trade you for it.
To pay off a "debt" then, you would have to give a creditor your "money." But it's a zero sum game, and the Creditor is (in the case of Bonds) the same entity who created the Debt in the first place. To pay off ALL the debt that exists, you would have to pay off ALL the money that exists. The economy would cease to exist (as formed).
I don't think people realize what that means, but here's where it gets interesting. Let's add "interest" to the equation.
Current Debt = Money + Interest
As I said before, all the Money in the world = all the Starting Debt in the world. This means that the Current Debt = Starting Debt + Interest. In other words there isn't enough Money in the world to pay for all the Current Debt. The Interest is residual, in the form of Future Human Labor. The Interest is Future Human Labor that CAN'T be paid off. And that Interest is owned by someone. If "indebted to unpayable Future Human Labor" sounds like slavery, well, maybe that's because it was designed to be.
More formally, through the 14th Amendment, We The People of the United States are, legally speaking, responsible for all the debt, and are thus all Indentured Servants. The Bond on that Indenture is owned by the entities who own the "Treasury Bonds". That Indenture can never be paid.
So some entities own some of our US Bonds, but who owns ALL the Debt?
First, lets look who actually owns the Bonds. Most of those Bonds are owned by the Fed itself; the very entity that created them out of thin air. Most of the others are held (owned, as Trustee) by other Central Banks. But ALL Central Banks in the world are just part of the same, single entity called the Bank of International of Settlements (BIS). So who owns all the Bonds? The One and Only Single Bank In The World, the BIS. Who owns the BIS? That was created by Rockefeller and Rothschild (in 1931 iirc).
Interestingly (as an aside), they created the BIS to pay the Nazis so they could fix the German economy. You see, the German economy was broken, completely fubar. Why were they fubar? Because Rockefeller and his friends broke it through a "reparations" agreement from WWI that they couldn't possible pay for. Of course the BIS became much more powerful after that ("humble" beginnings).
This diatribe doesn't talk about the people who also own a good portion of the Interest (debt) that doesn't come from the Bonds themselves.
Look at the Fed. Who owns the Corporation we call The Fed? That is owned by the banks that hold the stock in the Fed. Who is that? It's banks like JP Morgan Chase, Mellon, Bank of America, and a few others I don't remember off the top of my head (around five of the biggest banks hold 80% of the assets iirc). Of course most of those Banks are all really just the same bank, all owned by the Rockefeller Dynasty Trust, but that's another discussion. The stock holdings from the member banks get 8% per anum (a little less 8% for the largest Banks mentioned, but we'll call it that for now). Since it's been going strong for 112 years, that amounts to a few Trillions (from the last official report that I could find from 1998). All of that money comes from Income Taxes (as does all of the other interest from the Bonds)..
All of those holdings then are a part of the National Debt.
So who are we indebted to?
The people who created the Central Banks, AKA the Rockefeller and Rothschild Dynasty Trusts (or rather, the Trustees of those Trusts).
Very nice concise summary.