I want to know how the bankruptcy of 1933 effected our constitutional sovereignty. In
going through your history of the constitution, Brion McClanahan says “once you have
sovereignty, you can’t get rid of it.” It has recently come to my attention that we lost
our sovereignty when this country was declared bankrupt in 1933 and we became “debt-
slaves” to the Federal Reserve. Apparently, we were placed under martime law as opposed to
civil law. This is according to James Trafficant, Congressional Record, March 17, 1993, Vol 33.
The Bankruptcy of The United States United States Congressional Record, March 17, 1993 Vol. 33,
page H-1303 Representative James Traficant, Jr. (Ohio) addressing the House
Is this true? If so, was this legal and what can be done about it if it continues
to be assumed by congress?
Some people on the web say that this was fraud, but congress and FDR bought into
it. At any rate, American citizens were no longer allowed to hold gold. While they were
paid $20.00 an oz. for their gold, almost immediately thereafter, gold was revalued at
$35.00 an oz.
Sovereignty cannot be lost, annihilated, destroyed, etc. It can be usurped, as the general government and the political class in D.C. have done.
Dr. Woods and Gutzman have a great chapter on this issue in their “Who Killed the Constitution.” I think that would be a good place to start to answer your question. I am sure one or both will chime in on this question in the near future.