Forget the Audit: Just Abolish the Fed by Jim Traficant

On March 17, 1993, I addressed the House of Representatives in one of the many “budget” debates. Over the past 16 years, many publications and books have reprinted my speech. They viewed my speech as being on target.

Researchers have written to me regarding the speech, confused because it was printed in two areas of the Congressional Record. My floor remarks were brief, but I inserted the entire speech into the “extension of remarks” section of the record.

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Nevertheless, the speech stands today as prophetic. America is bankrupt, and it’s growing worse by the day. The U.S. government was technically dissolved by the “Emergency Banking Act” of March 9, 1933. That’s a fact.

If you have any doubt, just look around. Foreclosures and unemployment run rampant. The dollar is dropping so low it could fit under a closed door with a top hat on, yet every day the mainstream media is trying to convince us that the recession is over. Who’s kidding whom? If you take Social Security and Medicare out of our economy, it’s a full-blown depression—a total belly-up depression.

The real rub emanates from the fact that the “trustees” who preside over U.S. bankruptcy are the international bankers, via the United Nations, the World Bank and the International Monetary Fund.

I proclaim that all U.S. offices, officials and departments are now operating within a de facto status in name only under “Emergency War Power.”

Our constitutional form of government was technically dissolved and replaced by a so-called “democracy,” a government in actuality being a socialist-communist order under a new governor for America.

You must be thinking that I’ve lost my marbles by now—I don’t blame you. But, here come the facts. This chicanery occurred when authority was transferred and placed in the Office of the Secretary of Treasury under the governor of the International Monetary Fund. [Public Law 94-564].

In essence, the dollar was changed from a “promise to pay a dollar in silver or gold” to a “federal reserve note.” Now think about it: the dollar became a “promise,” not “money.”

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