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Thread: JFK The Federal Reserve And Executive Order 11110

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    finataxia24's Avatar
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    JFK The Federal Reserve And Executive Order 11110

    On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
    With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business.


    http://www.john-f-kennedy.net/executiveorder11110.htm
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    The Samurai's Avatar
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    I don't see the point in having the Federal Reserve. It is a private bank that loans money to the U.S. Why should the government have to go through a private bank to issue out their own money? Damn Rockefellers.
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    Dolphins9954's Avatar
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    Quote Originally Posted by The Samurai View Post
    I don't see the point in having the Federal Reserve. It is a private bank that loans money to the U.S. Why should the government have to go through a private bank to issue out their own money? Damn Rockefellers.

    It's actually Unconstitutional. The constitution clearly states that only the government has the power to coin and print money. And when the government does it we don't have to pay interest on it.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
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