The Emergency Banking Act and the Bankruptcy of America: A Lot More Happened as a Result of this Act Than Just the Confiscation of the People’s Gold
From A Special Report on the National Emergency in the United States of America
Research of Dr Eugene Schroder
. . . in 1913, The Federal Reserve Act was passed, authorizing the creation of a [private] central bank, the thought of which had already been noted in the Constitution. The basic idea of the central bank was, among other things, for it to act as a secure repository for the gold of the people. We, the People, would bring our gold to the huge, strong vaults of the Federal Reserve, and we would be issued a note which said, in effect, that, at any time we desired, we could bring that note back to the bank and be given back our gold which we had deposited.
Until 1933, that agreement, that contract between the Federal Reserve and its depositors, was honored. Federal Reserve notes, prior to 1933, were indeed redeemable in gold. After 1933, the situation changed drastically. In 1933, during the depths of the Depression, at the time when We, the People, were struggling to stay alive and keep our families fed, the bankers began to say, “People are coming in now, wanting their gold, wanting us to honor this contract we have made with them to give them their gold on demand, and this contractual obligation is creating a national emergency.”
On March the 2nd, 1933, however, we find that Herbert Hoover had written a letter to the Federal Reserve Board of New York, asking them for recommendations for action based on the over-all situation at the time. The Federal Reserve Board responded with a resolution (Exhibit 15) which they had adopted, an excerpt from which follows:
“Resolution Adopted By The Federal Reserve Board Of New York. Whereas, in the opinion of the Board of Directors of the Federal Reserve Bank of New York, the continued and increasing withdrawal of currency and gold from the banks of the country has now created a national emergency….”
. . . on March 4, 1933, Franklin Delano Roosevelt was inaugurated as President of the united States. On March 5, 1933, President Roosevelt called for an extraordinary session of Congress to be held on March 9, 1933, as can be seen in Exhibit 17:
“Whereas, public interests require that the Congress of the united States should be convened in extra session at twelve o’clock, noon, on the Ninth day of March, 1933, to receive such communication as may be made by the Executive.”
On the next day, March 6 ,1933, President Roosevelt issued Proclamation 2039, which has been included in this report, starting at the bottom of Exhibit 8. In Exhibit 32, we find the following:
“Whereas there have been heavy and unwarranted withdrawals of gold and currency from our banking institutions for the purpose of hoarding . . .”
Right at the beginning, we have a problem. And the problem rests in the question of who should be the judge of whether or not my gold, on deposit at the Federal Reserve, with which I have a contract which says, in effect, that I may withdraw my gold at my discretion, is being withdrawn by me in an “unwarranted” manner. Remember, the people of the United States were in dire economic straits at this point. If I had gold at the Federal Reserve, I would consider withdrawing as much of my gold as I needed for my family and myself a “warranted” action. But the decision was not left up to We, the People.
It is also important to note that it is stated that the gold is being withdrawn for the “purpose of hoarding”. The significance of this phrase becomes clearer when we reach Proclamation 2039, wherein the term “hoarding” is inserted into the amended version of Section 5 (b). The term, “hoarding”, was not to be found in the original version of Section 5(b) of the Act of October 6, 1917. It was a term which was used by President Roosevelt to help support his contention that the United States was in the middle of a national emergency, and his assertion that the extraordinary powers conferred to him by the
" >War Powers Act were needed to deal with that emergency.
Where had our gold gone? Our gold had already been moved offshore! The gold was not in the banks, and when We, the People lined up at the door attempting to have our contracts honored, the deception was exposed. What happened then? The laws were changed to prevent us from asking again, and the military was brought in to protect the Federal Reserve. We, the People, were declared to be the same as public enemy and placed under military authority.
Going now to another section of 48 Statute 1 (Exhibit 35):
“Whenever in the judgment of the Secretary of the Treasury such action is necessary to protect the currency system of the (U)nited States, the Secretary of the Treasury, in his discretion, may require any or all individuals, partnerships, associations and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals, partnerships, associations and corporations.” Notice now to whom we refer as “owning” the money!
By this Statute, everyone was required to turn in their gold. Failure to do so would constitute a violation of this provision, such violation to be punishable by a fine of not more than $10,000.00 and imprisonment for not more than ten years. It was a seizure. Whose property may be seized without due process of law under the Trading With the Enemy Act? The enemy’s. Whose gold was seized? Ours — the gold of the people of the united States. Are you seeing the fraud here now? Who did they make the ‘enemy’? We the People!
The Federal Reserve criminals removed and shipped out all of the gold that was stored in their banks and then proceeded to steal the remaining gold that was physically in We the People’s possession. Rep Louis McFadden said of these criminals:
“Some people who think that the Federal Reserve Banks are the United States Government’s institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”
Hence the people’s legitimate claims to their own gold became ‘hoarding’ and they were forced to surrender the gold in their possession to thieves at the behest of their new President (FDR) who aptly called this tragedy The New Deal. It certainly was a New Deal . . . for the international banksters and the Robber Barons. They hit pay dirt!
From Dr Schroder:
“To summarize briefly: On March 9,1933 the American people in all their domestic, daily, and commercial transactions became the same as the enemy. The President of the united States, through licenses or any other form, was given the power to regulate and control the actions of enemies. He made We, the People, chattel property; he seized our gold, our property and our rights; and he suspended the Constitution.
And we know that current law, to this day, says that all proclamations issued heretofore or hereafter by the President or the Secretary of the Treasury are approved and confirmed by Congress.”
Dr Schroder’s research has uncovered the true and sinister plot of the federal reserve to rob American’s of their gold and other rights, however his research has led him and others to conclude that the contitution has been suspended from this point, which appears to be an erroneous conclusion.
The following is excerpted from Judge Dale’s The Great American Adventure – Secrets of America.
On March 9, 1933, House Joint Resolution No. 192-10 by the 73rd Congress, was voted into law, which is the Emergency Banking Act. This Act declared the Treasury of the United States, ‘Bankrupt’, which is an impossible feat since the U. S. Treasury was secretly closed by the Congress twelve years earlier in 1921. The Emergency Banking Act succeeded in abrogating America’s gold standard and hypothecated all property found within the United States to the Board of Governors of the Federal Reserve Bank.
All Sovereign American Citizens residing within the Republic of States suddenly and falsely were expatriated from their Sovereign American status without their knowledge or consent and their labor, souls, children, property, sweat equity and credit became the financial collateral for the public debt, which had then been converted into a Public Trust, which had been scripted after the ancient Roman Trusts.
“Script” money or [negotiable debt instruments] was issued by a private corporation, which is owned by a group of Sabbatean European
“The Federal Reserve Act” was designed and written by a German National who was repatriated into the United States in 1903 through Ellis Island of New York. His name was Paul Warburg, and who was a carbon copy of Alexander [Levine] Hamilton. Mr. Warburg was a Sabbatean German Jewish Banker and CFO of the Rothschild Banking Empire. Mr. Warburg’s assignment was to craft a piece of legislation designed to control the finances of the United States Corporation from Europe. The Federal Reserve Act is approximately 1500 pages and places the currency and finance for the United States Corporation under a private corporation called, “The Federal Reserve.” The Federal Reserve is owned lock, stock and barrel, by the Sabbatean/Rothschild Banking Empire and not by the people or the corporate government of the United States.
Following the 1933 bankruptcy; most American’s were not aware that HR 1491 or HR 4960 had been secretly passed, wherein the US Congress actually relinquished our right to have or accumulate gold and silver. The Congress eventually repealed part of this legislation to accommodate jewelers but all Americans’ are still prohibited from having or accumulating solid gold and silver. Hence, our coins are no longer solid gold or silver but are tin and nickel plated, carbon filled coins. Pennies are tin and copper plated carbon filled coins. These Acts also established the requirement of licensing and then with the enactment of ‘The Trading with the Enemy Act’ under War and National Defense; the Confiscation Act, the Reconstruction Act and the Lieber Code were all tied together to create the secret fascist government of the United States.