Is It Time To Legislate The Federal Reserve Out Of Business ?

[Trojan]

December 23, 1913 !

How have they done ? Were the Founders of the USA Constitution right ? Are Americans ready to do the right thing for themselves ?

Feedback is important and Welcome !

[Trojan]

1. All You Need To Know About The Federal Reserve !

Link to research material:

http://www.sedm.org/Forms/MemLaw/MoneyScam.pdf

[Warpy]

2. No, but it's certainly past time to nationalize it.

[Waiting For Everyman]

3. Yes! I for one, am ready for that.

The Fed is nothing but an expensive middleman in the way. It's like driving a car from the back seat. Idiotic!

Nationalize the banks that are sick into a Bank of the U.S., set some low usury caps, fund it directly, and refi these mortgages and other debts at low rates. Bundle them WHOLE, untranched, and I'll bet there would be investors for them - if only here among our own people, which would be fine. Then we could get on with fixing the rest of the economy, beginning with trade.

We should ban derivatives forever. Ban shorting, put a tax on stock trades and limit CEO income.

We need a system which is motivated by what's in the whole PUBLIC'S interest, and not by private profit.

[dixiegrrrrl]

4. YES YES YES YES YES

Extra YES in there for Ron Paul.

Congress needs to grab back the Constitutional Authority to regulate money.
Voters need the accountability to regulate Congress.



"War is God's way of teaching Americans geography."
Ambrose Bierce

[Trojan]

5. It Can Be Done !

Are you ready to join in to change things. I am a Canadian citizen and I can say that it can be done if enough Americans understand why changes are needed. You cannot count on the mainstream media to assist. It needs to be organized on the internet in a calm rational way without any polemics. If you are a citizen of the world and want to join in let us brainstorm on this thread and develop a plan.

Read Napoleon Hill "Think And Grow Rich"

Anything that the mind of Woman and Man can concieve and believe they can achieve !

Are you ready to work for the benefit of all and the challenge of changing things.

Nothing is IMPOSSIBLE except if you do not try.

Let's DO IT !

All comments welcome ...

[Waiting For Everyman]

7. It seems inevitable.

Expanding on Warpy's reply #2, if enough banks get nationalized (which seems likely) as Fannie, Freddie, and AIG already did, and then Fed itself gets nationalized (which seems likely), we'd end up in pretty much that place. I don't see how it can be avoided.

The thing is though, if it happens that way going through the steps from "A" to "B", and then "C", it's going to cost a LOT MORE than going from "A" to "C". Hopefully, someone will realize that.

I think that's going to happen to most of the countries involved. The only other thing they can do, which I doubt they have the nerve to do, is to void out all the derivatives to close to zero value.

[Trojan]

6. Did You Know ?

On June 4th, 1963 President Kennedy signed executive order 11110 which allowed the US government to make it's own money and bypass the Federal Reserve. The 4+ billion dollars of United States Notes (backed by US gold and silver) were put in to circulation in denominations of $2 and $5. The $10's and $20's were printed but never released as he was assassinated and the program was shut down.

If JFK had lived the odds are good the Federal Reserve would be out of business now.

[Waiting For Everyman]

8. Yes, I did know that.

That and Dulles' firing as a first step to dismantling the CIA, were the reason for his assassination.

JFK understood what was rotten in the government, but too late. He was already surrounded by them.

[Oak2004]

9. I say we follw in the footsteps of the founder of the modern Democratic Party

(one of the few things he got right), Andrew Jackson, and stick a stake in the vampiric hearts of the latter-day Biddles.

The Fed has got to go.

[Trojan]

10. Oak2004

I have a question for you and anyone else reading this post. Ron Paul is without doubt one of the few honest, ethical and credible politicians in America. He ran for President. He has excellent knowledge. He speaks publically to Bernake and the others in front of all Americans who watch.

Here is the question ? Why do Americans ignore what he says ? The answer to this question is the beginning of the solution.

All answers are welcome...

[endthewar]

11. The Federal Reserve is destroying our country

[Trojan]

12. Will Obama Enforce Executive Order 11110 ?

http://www.john-f-kennedy.net/executiveorder11110.htm

Snippet:

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. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America's debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America's debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, ifso, is he willing to pay the ultimate price for doing so?

Executive Order 11110 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-

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 denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

and --

Byrevoking subparagraphs (b) and (c) of paragraph 2 thereof.

Sec. 2. The amendments 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.

John F. Kennedy The White House, June 4, 1963.

Of course, the fact that both JFK and Lincoln met the the same end is a mere coincidence.