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Birth Certificate Bonds The Story
This story is a variation of the older Bogus Sight Drafts/Bills of Exchange Drawn on the Treasury scam.
The common tale offered in this scam states: When the United States went off the gold standard in 1933, the federal government somehow went bankrupt. With the help of the Federal Reserve Bank, the government became a corporation (sometimes called "Government Franchise") and converted the bodies of its citizens into capital value, supposedly by trading the birth certificates of U.S. citizens on the open market and making each citizen a corporate asset (sometimes referred to as a "Strawman") whose value is controlled by the government.
Scams vary in methods for citizens to gain control of their alleged assets, such as:
filing a UCC-1 Financial Statement,
activating a TreasuryDirect Account (TDA), or
creating bonds by using the Savings Bond Calculator.
These blogs and videos promise that your birth certificate bond will be able to wipe out all your debt or help you collect monies/securities. Some internet sites even offer to sell videos, webinars, and coaching on how to do this. No one has profited from the Treasury Department by using these tactics. But, the scammers intend to profit from this story by selling their bogus wares.
The Reality
There is no monetary value to a birth certificate or a social security number/EIN, and TreasuryDirect accounts must be funded by the owner (from the owner's personal bank account) to have any value.
The Savings Bond Calculator is merely a tool to calculate the value of a bond based on an issue date and denomination entered. This information could be the issue date and denomination from a real bond, or it could just be a random choice of a date and denomination. The calculator only checks that the issue date and denomination entered are a valid combination - it will not verify whether a bond exists. The calculator will not verify the validity of a serial number or confirm bond ownership.
Please be advised that trying to defraud the government by claiming rights to bogus securities is a violation of federal law, and the Justice Department can and has prosecuted these crimes. Federal criminal convictions have occurred in several cases. The scam artists who post blogs and videos are trying to defraud you into buying their fake product. Do not fall victim to their schemes.
You can search the web/YouTube/Rumble/Bing/Quara and on and on... with the Cestui que vie "trust" name, and find literally hundreds of "gurus" all charging "money" (there is no money just debt notes since our gold was confiscated and we were reduced to a 'no gold standard' by President Nixon) that will give a "process" to cash in on the "trust" set up for you when you were born, via your birth certificate. It is an endless waste of time, money and, in the end, you will get nothing, but another "process" and pay more money to these scammers.
The United States Corporation is not releasing any money to "the people". That is just the hard facts of the scam. Many have tried, many are still wasting their time and energy on criminals in charge of our Treasury, IMF, Fed Reserve, Central banks, IRS or I.R.S which are all part of the "corporation" government.
Has the United States ever declared bankruptcy or defaulted on its loans?
Originally Answered: Has the US ever defaulted on its debt? Yes, several times.
The biggest defaults occurred after the Revolutionary War, during the Civil War and during the Great Depression.
After the Revolutionary War, the US redeemed Continental dollars at 0.1% of the promised amounts and Congress also repudiated domestic and foreign borrowings, although partial compensation was later paid. In today's dollars, that was about $6 trillion.
During the Civil War and for a decade thereafter, the US government refused to honor debt it had promised to repay in gold. As a result, the value of the debt fell dramatically, although in 1875 gold redemption was resumed.
During the Great Depression, the US did the same thing with Liberty Bonds and gold and silver certificates, offering holders approximately 40% of value.
In addition there have been many smaller events such as missing promised payments under treasury securities (1979), reneging on promised payments under legislation (all the time) and unilaterally changing the terms on financial instruments (also common).
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