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James Traficant Addresses the Congress
"America's Bankruptcy"

Subject:  .The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

 "Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States."

Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money?' The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any "money." Most Americans have not been paid any "money" for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are "bankrupt," along with the rest of the country?

 Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt throughinflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

 Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.  There is a fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of "good & valuable consideration." Un-payable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.  Their lust is for power and control. Since the inception of central
banking, they have controlled the fates of nations.

 The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a "Canon Law Trust" as their model, adding stock and naming it a "Joint Stock Trust." The U.S. Congress had passed a law making it illegal for any legal "person" to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific perf mance in paying the interest, or premiums are the same.

 Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

 Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) "Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.

 In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the un-payable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

 Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

 This has been going on for over eighty years without the "informed knowledge" of the American people, without a voice protesting loud enough. Now it's easy to grasp why America is fundamentally bankrupt.

 Why don't more people own their properties outright?

 Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?  We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this un-payable debt, and the tyranny to enforce paying it.

 America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country."


The Bankruptcy of the United States is a 38 part document.
See Contents on left column.

The Bankruptcy of The United States Part 1-39

Part 1   Part 2   Part 3   Part 4   Part 5   Part 6   Part 7   Part 8   Part 9   Part 10

Part 11   Part 12   Part 13   Part 14   Part 15   Part 16   Part 17   Part 18   Part 19  Part 20

Part 21  Part 22  Part 23  Part 24  Part 25  Part 26  Part 27  Part 28  Part 29  Part 30

 Part 31  Part 32  Part 33  Part 34   Part 35  Part 36  Part 37  Part 38   Page 39



James Anthony Traficant, Jr. (born May 8, 1941) is a former Democratic Representative in the United States Congress from Ohio (from 1985 to 2002). He represented the 17th Congressional District, which centered around his hometown of Youngstown and included parts of three counties in northeast Ohio's Mahoning Valley. He was expelled after being convicted of taking bribes, filing false tax returns, racketeering, and forcing his aides to perform chores at his farm in Ohio and on his houseboat in Washington, D.C.,[1] and was released from prison on September 2, 2009, after serving a seven-year sentence.

Traficant signed a limited, three-month contract to work as a part-time weekend talk radio host for Cleveland news/talk station WTAM in January 2010. His contract permitted him to quit if he chose to run for office.[2] As of July 2010, it remains unclear if Traficant will return to the station; the WTAM website currently makes no mention of him.[3]

Traficant ran for his old seat in the 2010 general election as an independent;[4] he was defeated by incumbent Tim Ryan.[5]



 Early life and career

Born into a working-class, Catholic family in Youngstown, Ohio, Traficant graduated from Cardinal Mooney High School in 1959 and the University of Pittsburgh in 1963 (where he was a standout in football), was drafted into the NFL in the twentieth round (276th overall) by the Pittsburgh Steelers in 1963, and obtained a master's degree from the University of Pittsburgh and another from Youngstown State University. He was the executive director of the Mahoning County Drug Program from 1971 to 1981 and Sheriff of Mahoning County from 1981 to 1985. While serving as Sheriff, Traficant made national headlines by refusing to execute foreclosure orders on several unemployed homeowners, many of whom had been left unemployed by the recent closures of steel mills. This endeared him to the local population, which had long derived its wealth from steel and steel-associated businesses.[6] In 1983, he was charged with racketeering for accepting bribes. Traficant, who represented himself in the criminal trial, argued that he accepted the bribes only as part of an undercover investigation into corruption. Traficant was acquitted of the charges, becoming the only person ever to win a Racketeer Influenced and Corrupt Organizations Act (RICO) case while representing himself.

Publicity from the RICO trial increased Traficant's local visibility. He was elected as a Democrat to Congress from Ohio's 17th District, defeating Lyle Williams, a three-term Republican incumbent. He was reelected eight times without serious opposition.

On April 12, 2002, after a two-month federal trial, a jury found Traficant guilty of bribery and other charges. He was sentenced to a federal prison, where he served seven years. He was expelled from the U.S. Congress on July 24, 2002.

 2010 Independent candidate for the US House of Representatives

In September 2010, Traficant was certified to run for the same seat he held in the US House of Representatives before his expulsion.[4] Traficant lost the election to former aide Tim Ryan, to whom he lost an earlier race in 2002.[4]

 Independent voice

In the House, Traficant was known for his flamboyant and eccentric style. He was a constant thorn in the side of the Democratic caucus with his eccentric behavior, an image he embraced. He often dressed poorly[citation needed], with narrow neck ties (then out of style), wide-lapelled sportcoats and an occasional denim suit. He also sported an ugly, unkempt pompadour, which he jokingly claimed he cut with a weed whacker (it was revealed, after his conviction, that he wore a toupée). Casting himself as a rough-hewn populist and "regular guy," he gave speeches that were far outside the staid norms of political speaking. Many people tuned into C-SPAN just to watch his one-minute speeches at the beginning of each day's sitting.[citation needed] His trademark closing lines were "Beam me up... I yield back the fact..." His Website featured a picture of him swinging a two-by-four with the words "Bangin' away in D.C."

After the Republicans took control of the House in 1995, Traficant tended to vote more often with the Republicans than with his own party. On abortion, for instance, Traficant voted the pro-life position of the National Right to Life Committee (NRLC) 95% of the time in the 105th Congress, and 100% of the time in the 106th and 107th Congresses. However, he voted against all four articles of impeachment against Bill Clinton. After he voted for Republican Dennis Hastert for Speaker of the House in 2001, the Democrats stripped him of his seniority and refused to give him a committee assignment. Because the Republicans did not assign him to any committee, Traficant became the first member of the House of Representatives in over a century without any committee assignment who was not in a leadership position.[citation needed]

Traficant championed the unpopular cause of John Demjanjuk, a Ukrainian-born autoworker from Seven Hills, who had been convicted in Israel and sentenced to hang for having been the brutal concentration camp guard "Ivan the Terrible."[7] For almost a decade, Traficant (along with Pat Buchanan) insisted that Demjanjuk had been denied a fair trial, and been the victim of mistaken identity; the Supreme Court of Israel eventually overturned the conviction, on the basis of doubt, in 1993. Demjanjuk was later deported to Germany on May 11, 2009, after the Israeli Supreme Court refused to overturn his deportation order.

While in Congress, Traficant was a supporter of immigration reduction,[8] and a strong opponent of illegal immigration. In the controversy surrounding the defeat of Congressman Bob Dornan (R-CA) by Democrat Loretta Sanchez, Traficant was the only Democratic member of Congress who advocated a new election, due to possible voting in that race by illegal aliens. Sanchez would later introduce a bill expelling Traficant from the House of Representatives.[9]

 Indictment, conviction, testimony to House Ethics, and expulsion from Congress

In 2002, Traficant was indicted on federal corruption charges for taking campaign funds for personal use. Again, he opted to represent himself, insisting that the trial was part of a vendetta against him dating to his 1983 trial. On April 15, he was convicted of 10 felony counts including bribery, racketeering, and tax evasion. As per House rules, he lost his right to vote on legislation pending an investigation by the House Ethics Committee.

Eventually, the House Ethics Committee recommended that Traficant be expelled from Congress. On July 24 the House voted 420-1 to expel him. Gary Condit was the lone "no" vote, and nine members voted "present." Traficant was the first representative to be expelled since Michael Myers's expulsion in 1980 as a result of the Abscam scandal.

After his expulsion, Traficant ran as an independent candidate for another term in the House while incarcerated at the Federal Correctional Institute, Allenwood.[10] He received 15 percent of the vote (27,487 votes) and became one of only a handful of individuals in the history of the United States to run for a federal office from prison. The election was won by one of his former aides, Tim Ryan.[4]


James A. Traficant, Jr. had the Federal Bureau of Prisons ID # 31213-060.[11] Traficant served his first 17 months in prison at FCI Allenwood and shortly after, he was shackled and put in solitary confinement for causing a riot after telling a guard, "People can't hear you. Speak up."[12] For nine months, beginning in March 2004, he served with 20 inmates in one locked room at the Federal Correctional Institution Raybrook with a public commode, and with four in a room at Federal Medical Center, Rochester for three years. He was admonished by prison officials in Raybrook he was only a "few points away" from a penitentiary. In the seven years of incarceration, he refused any visitors because he didn't want anyone to see him. He wore his hair in a pony tail without his trademark hairpiece. Traficant took up artwork while in prison; according to his wife, he did not have access to a computer there.[13] "I understood the dynamics of prison life." Regarding the overcrowded prison system he said, "And now what you have is, they want to keep the prisons open, keep the jobs going. They're putting 20, 30 years on some of these young people, and it's out of hand." He was released on September 2, 2009, at age 68, and is subject to three years of probation.[14]

While in prison, Traficant received support from David Duke, who urged visitors to his personal website to donate to Traficant's canteen fund. Duke also posted a letter written by Traficant stating that he was targeted by the U.S. Department of Justice for, among other things, defending John Demjanjuk. Traficant also claimed, in the letter, that he knew facts about "Waco, Ruby Ridge, Pan Am Flight 103, Jimmy Hoffa and the assassination of President John F. Kennedy", which he may divulge in the future. Author Michael Collins Piper, who initially helped circulate Traficant's letter, said that "There's stuff I've written about Traficant that's showing up in places I don't even know. It's like (six) degrees of separation with the Internet now," and denied that Traficant had any direct connections to Duke.[13]

 Release from prison

Traficant was released from prison on September 2, 2009.[11] On September 6, 2009, 1200 supporters welcomed him home at a banquet with an Elvis impersonator and a Traficant look-a-like contest. "Welcome home Jimbo" was printed on T-shirts. "I think it's time to tell the FBI and the IRS that this is our country and we're tired -- tired of the pressure, tired of the political targeting, tired of a powerful central government that is crippling America," he said. Traficant said he hasn't decided yet whether he will run again for Congress. He also said he doesn't care about what anyone did to him or does to him in the future. "I'm going to say what I think is right, I'm going to do what I think is right," he said. "And if it offends some people, then so be it. You see, because I'm still, I guess, the same jackass I was."[15][16][17]

 Current political views

In an interview with Fox News' Greta Van Susteren in September, 2009,[12] he said he was the top target of AIPAC and the U.S. Justice Department. On the subject of Israel, he stated:

They [Israel] are controlling much of our foreign policy. They're influencing much of our domestic policy. Wolfowitz as undersecretary of defense manipulated President Bush number two back into Iraq. They've pushed definitely, definitely to try to get Bush before he left to move into Iran. We're conducting the expansionist policy of Israel and everybody's afraid to say it. They control much of the media, they control much of the commerce of the country, and they control powerfully both bodies of the Congress. They own the Congress.

He claimed he had predicted another economic depression, but people at the time had just laughed at him.[18][19][20] Traficant has also expressed his support of the Fair Tax plan and criticized President Obama's stimulus bill. He has said of Congress, "I think it is a big whorehouse and they better start taking care of America and stop worrying about the Middle East and worry about the Midwest."[21]

After his release from prison, he was featured as a guest speaker at a Tea Party Protest in Columbiana, Ohio.[22] He has also committed to speaking at an American Free Press-sponsored event in Washington D.C. in February.[23] In May 2010, Traficant filed petitions to run as an independent in the 17th district, and said that his platform would be to repeal the 16th Amendment to the United States Constitution.[24] Traficant ultimately received 16% of the vote, finishing third to Democratic incumbent Ryan (54%) and Republican challenger Jim Graham (30%). [25]

 See also


  1. ^ "Archives". April 11, 2002. Retrieved 2007-11-12. 
  2. ^ Traficant lands a part-time job on radio
  3. ^
  4. ^ a b c d "In less than a minute, Traficant is on the ballot". Associated Press. 2010-09-01. Retrieved 2010-09-04. 
  5. ^ "ELECTION UPDATE: Ex-congressman James A. Traficant Jr. loses new bid for Congress". The New York Times. 2010-11-02. Retrieved 2010-11-17. 
  6. ^ Peyko, Mark C (February 28, 2002). "Notes From Youngstown: The Angry Voice of a City Left Behind". The New York Times. Retrieved 2008-03-24. 
  7. ^ Traficant says he would testify for Demjanjuk, Jewish Telegraphic Agency
  8. ^ "All Immigration Votes of Representative James Traficant." NumbersUSA. Accessed January 6, 2008.
  9. ^ "Congress beams up Traficant." In the Crossfire. CNN. July 25, 2002. Accessed January 6, 2009.
  10. ^ "Traficant arrives at federal prison". CNN. 2002-08-06. Retrieved 2009-11-13. 
  11. ^ a b "JAMES A TRAFICANT JR." Federal Bureau of Prisons. Retrieved on May 29, 2010.
  12. ^ a b Van Susteren, Greta (2009-09-10). "Exclusive: Traficant - 'I Was a Target. ... I Must Have Been Doing Something Right'". Fox News.,2933,549164,00.html. Retrieved 2009-11-13. 
  13. ^ a b "White nationalists, conspiracy theorists join Traficant’s cause". Retrieved September 21, 2009. 
  14. ^ Merchant, Norman (2009-09-02). "Ex-congressman Traficant freed". Canton Rep. Associated Press. Retrieved 2009-09-29. 
  15. ^ Disgraced Fmr. Rep. James Traficant Released From Prison by Lindsey Ellerson, ABC News, September 2, 2009.
  16. ^ Ex-Con Jim Traficant Weighs Reelection to House by Devin Dwyer, ABC News, September 15, 2009.
  17. ^ Traficant Completes Sentence for Bribery by Mary Jordan, Washington Post, September 3, 2009.
  18. ^ Traficant: I could have been hurt while in prison, Associated Press (posted on, September 10, 2009.
  19. ^ Traficant rips 'enemies' at welcome-home party by Janet Okoben, The Plain Dealer ( September 07, 2009.
  20. ^ Traficant: Israel has ‘stranglehold’ on U.S. gov’t, Jewish Telegraphic Agency (JTA), September 13, 2009.
  21. ^ "Jim Traficant: 'Stimulate this'". Retrieved September 24, 2009. 
  22. Retrieved September 16, 2009. 
  23. ^ "Jim Traficant: 'I'm going to run'". Retrieved December 30, 2009. 
  24. ^ "Traficant files petitions to be candidate for Akron congressional district". Retrieved May 3, 2010. 
  25. ^

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