Federal Reserve system unnecessary because the U.S. government can print the money without paying interest.
Corruption, World news Sunday, February 6th, 2011Americans have been scammed for TRILLIONS FROM THE FEDERAL RESERVE by charging them interest to print “money,” when the U.S. government USE TO PRINT MONEY FOR FREE WITHOUT CHARGING INTEREST!
JFK, Ron Paul, Woodrow Wilson, Milton Friedman, Ronald Reagan, and many others have spoken against the horrible Federal Reserve system the United States now has which is unnecessary because the U.S. government can print the money without paying interest to the privately owned, profiteering Federal Reserve.
While the U.S. government can print money for free, the people who own the privately owned Federal Reserve have made $trillions off of counterfeiting the US money. They loan money to the US government at interest, when the U.S. government could print it without them, for free.
JFK tried to get rid of the Federal Reserve by printing United States Notes because he realized that if private super rich bankers own the Federal Reserve and they loan money to the government, they essentially own the government. On November 22, 1963 he was assassinated for trying to abolish the Federal Reserve by printing interest free U.S. money.
On June 4, 1963, 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 (US Central Bank). 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. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. With the stroke of a pen, President Kennedy was on his way to putting the Federal Reserve Bank 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. After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid.
The Federal Reserve is the MAJOR reason why the United States has declined financially! The Federal Reserve can be abolished and the United States government can get the United States out of debt by printing money with United States Notes instead of the Federal Reserve Notes. This will save the United States $trillions!
The Federal Reserve is THE MAJOR REASON why the poor is increasing in numbers and the rich continue to get richer. The Federal Reserve caused the 1907, 1920 and 2007 banking crisis. They are solely responsible for millions of Americans losing their jobs, their homes to foreclosures and their life savings. If you are now homeless and jobless and you want to know who is to blame, it is the privately owned Federal Reserve bankers.
John F. Kennedy, Executive Order 11110.
“By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows: 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”…JOHN F. KENNEDY, THE WHITE HOUSE, June 4, 1963
U.S. Constitution – Article 1 Section 8
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
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