Is it true? Some people claim you can get out of all sorts of trouble by invoking your individual sovereignty and rejecting the assertion that you and all caps YOU are one and the same. There are two reasons why I think this portion of the conspiracy theory is utter bullshit.
All members of the political class are cut from the same cloth. Even if someone could prove he was "foreign born", what is going to happen? He would have to leave office and some other carefully groomed figurehead would take his place and do the exact same things.
I finished John Perkins' Confessions of an Economic Hit Man, as well as some lighter reading, on the way to and from London a few weeks ago. To be quite honest, once I started reading it I couldn't put it down. If you haven't read it, I definitely recommend it.
