i would like to know who is the major beneficiaries of the September 15, 2006 1:02 PM
federal reserve. what most people do not know is that the federal reserve is actually a private bank. as long as the bank makes money, they are happy. this is accomplished by messing with the interest rates.
[send green star]
On June 4, 1963, President John Fitzgerald Kennedy signed the Presidential Decree, Executive Order -11110, which stripped the Federal Reserve Banking System of its power to loan money to the United States Federal Government at interest. This decree meant that for every ounce of silver in the U.S. Treasury's vault, the U.S. government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 trillion in United States Notes were never circulated, but were being printed by the Treasury Department when Kennedy was assassinated.
Kennedy knew that if the silver backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. Thus giving the U.S. Treasury the Constitutional authority to coin U.S. money once again, thus preventing the national debt from rising due to "usury" that the American people are charged for "borrowing" the FRN's.
Only 5 months after Executive Order -11110 was signed, President Kennedy was assassinated. President Kennedy was assassinated on November 22, 1963, and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continue to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper"currency" circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if Congress coined and regulated money, as the Constitution states, the national debt would be reduced by not paying interest to the 12 credit monopolies. This in itself would have allowed the American people freedom of money that they earned, enabling the economy to grow.
It is interesting to note that Executive Order -11110 is still in effect, though no U.S. President has followed it. The Christian Common Law Institute has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
The Bible states, "through lack of knowlege, my people perish". As American people, it is our duty to question the Federal Reserve System, and the power that has been given to them.
[report anonymous abuse]
anonymous
April 10, 2007 8:57 PM
Donna, this is the missing link that I referred to that could form the foundation of a petition to demand the shut down of the federal reserves:
The item has been 'mysteriously' removed from the above law link
AMENDMENT OF EXECUTIVE ORDER NO. 10289, AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY
By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended --
(a) By adding at the end of paragraph 1 thereof the following subparagraph (j):
"(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and
(b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof.
SEC. 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
I have a sneaking suspicion that things are going to get a lot worse in a hurry. Sealing off borders, arresting people and holding them without trial, no access to council. Starting to sound a lot like the Nazis to me.
[report anonymous abuse]