The Fraudulent Federal
"And I sincerely believe, with you, that banking establishments
are more dangerous than standing armies; and that the principle of spending money to be
paid by posterity, under the name of funding, is but swindling futurity on a large
scale.", Thomas Jefferson, letter to John Taylor, May 28, 1816
We should have paid more attention to
Between 1929 and 1942, a time during
which the US was supposedly having such hard economic times, the Personal Savings rate increased
from 5% to 20%, leaving us with one of the highest net amounts of Personal Savings in the
world, at $200 billion. Even though Japan has consistently saved 33% of GDP since
WWII, at that time our Personal Savings rate was even higher than Japan's. Total
Personal Income between 1940 and 2001 has been $180 trillion, and if our Personal Savings
rate had continued at the rate it was in 1942, the US would now have $36 trillion in
Personal Savings. Instead, Japanese personal savings now
exceed this amount.
We were the only industrialized nation
in the world with a negative Personal Savings rate last year, going as low as -2%. By
1955, our Personal Savings rate had plunged to almost a
tenth of what it was in 1942, at 2.18%, and has steadily declined ever since then, never
to recover, while numerous other countries around the world increased their Personal
Savings rates dramatically--Singapore to 52% of GDP, Korea to 39%, and Japan to 33%, to
name a few.
Even though we had a gross savings rate
of 15% last year, our debts had grown so dramatically that this gross savings rate didn't
even cover the interest payments on the debts, yet the mainstream media hardly bothered
with this dramatic story, and instead promoted the mantra that "the US is the last
superpower" and spent an inordinate amount of its resources riveting our attention on
911, while the most dramatic plunge in stock market values in world history crashed all
around us. It's no surprise that the creation of the Federal Reserve System is seen
as the root problem, just as it was during the "Black Tuesday" which
preceded the Great Depression:
The U.S. economy was already past the peak of the business cycle when
the stock market crashed in October of 1929. So it looks as though the Federal Reserve did
"overdo it"--did raise interest rates too much, and bring on the recession that
they had hoped to avoid.
The stock market did crash in October of 1929; "Black
Tuesday", October 29, 1929, saw American common stocks lose something like a tenth of
their value. That it was ripe for a bursting of the bubble is well known; the exact
reasons why the bubble burst then are unknowable; more important are the consequences of
the bursting of the bubble.
In just two years, the NASDAQ was down
76% and the NYSE was down 34%, a $7.2 trillion loss which makes
this 10% loss on "Black Tuesday" trivial by comparison.
Our jewish and government controlled
news media was intentionally manipulated to focus our attention on some incredibly trivial
events, though, in order to head off open discourse on the root problem--the control of
our national bank by the exact foreign enemy Mr. Jefferson warned us about more than two
centuries ago--the jews. All of the things that could have been done to bring about
another "Great Depression" were done:
To cripple our vast investment in
transportation, the most critical element--the airlines--were needlessly shut down.
To destroy confidence in the stock
market, women suddenly and mysteriously became CEOs of key
companies in key industries, causing a loss to stockholders of those companies alone of
more than $200 billion.
To justify the gutting of The U.S.
Constitution that so many of our Founding Forefathers spilt blood to create, we declared
war on a person--Osama bin Ladin--for the first time in our short history.
To really get the point across that
this nation is no longer under the control of its Christian citizenry, the government
destroyed with impunity a church in Waco and Carly Fiorina
single-handedly banned Easter Vacation for .
What kind of "superpower" has
citizens and taxpayers with a *negative* Personal Savings rate? Which citizen cares
that we can bomb dirt farmers in Afghanistan into a stonier age when they probably have a
higher Personal Savings rate than we do? What are the long term prospects for the
survival of such a failed economy?
Where we SHOULD have had Personal
Savings in the amount of $360,000 per household, each American houseshold now has a net
worth of a negative $77,000.
Is there any doubt that jews control
both our banking system and the Federal Reserve System, and are thus directly responsible
and should be held directly accountable for this THEFT of $437,000 from each American
family? NO! Whether they did it on purpose or not, whether they were the only
problem or not, is irrelevant--they were in charge of the money when it happened, and they
are the ones to be charged with the crime.
Legislation Introduced To Abolish
The Federal Reserve
By Rep. Ron Paul, MD
In the House of Representatives, September 10, 2002
Mr. Speaker, I rise to introduce legislation to restore financial stability to
America's economy by abolishing the Federal Reserve. I also ask unanimous
consent to insert the attached article by Lew Rockwell, president of the
Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed
and restoring the gold standard, into the record.
Since the creation of the Federal Reserve, middle and working-class Americans
have been victimized by a boom-and-bust monetary policy. In addition, most
Americans have suffered a steadily eroding purchasing power because of the
Federal Reserve's inflationary policies. This represents a real, if hidden,
tax imposed on the American people.
From the Great Depression, to the stagflation of the seventies, to the burst
of the dotcom bubble last year, every economic downturn suffered by the
country over the last 80 years can be traced to Federal Reserve policy. The
Fed has followed a consistent policy of flooding the economy with easy money,
leading to a misallocation of resources and an artificial "boom" followed by a
recession or depression when the Fed-created bubble bursts.
With a stable currency, American exporters will no longer be held hostage to
an erratic monetary policy. Stabilizing the currency will also give Americans
new incentives to save as they will no longer have to fear inflation eroding
their savings. Those members concerned about increasing America's exports or
the low rate of savings should be enthusiastic supporters of this legislation.
Though the Federal Reserve policy harms the average American, it benefits
those in a position to take advantage of the cycles in monetary policy. The
main beneficiaries are those who receive access to artificially inflated money
and/or credit before the inflationary effects of the policy impact the entire
economy. Federal Reserve policies also benefit big spending politicians who
use the inflated currency created by the Fed to hide the true costs of the
welfare-warfare state. It is time for Congress to put the interests of the
American people ahead of the special interests and their own appetite for big
Abolishing the Federal Reserve will allow Congress to reassert its
constitutional authority over monetary policy. The United States Constitution
grants to Congress the authority to coin money and regulate the value of the
currency. The Constitution does not give Congress the authority to delegate
control over monetary policy to a central bank. Furthermore, the Constitution
certainly does not empower the federal government to erode the American
standard of living via an inflationary monetary policy.
In fact, Congress' constitutional mandate regarding monetary policy should
only permit currency backed by stable commodities such as silver and gold to
be used as legal tender. Therefore, abolishing the Federal Reserve and
returning to a constitutional system will enable America to return to the type
of monetary system envisioned by our nation's founders: one where the value of
money is consistent because it is tied to a commodity such as gold. Such a
monetary system is the basis of a true free-market economy.
In conclusion, Mr. Speaker, I urge my colleagues to stand up for working
Americans by putting an end to the manipulation of the money supply which
erodes Americans' standard of living, enlarges big government, and enriches
well-connected elites, by cosponsoring my legislation to abolish the Federal
WHY GOLD? By Llewellyn H. Rockwell, Jr. As with all matters of investment,
everything is clear in hindsight. Had you bought gold mutual funds earlier
this year, they might have appreciated more than 100 percent. Gold has risen
$60 since March 2001 to the latest spot price of $326.
Why wasn't it obvious? The Fed has been inflating the dollar as never before,
driving interest rates down to absurdly low levels, even as the federal
government has been pushing a mercantile trade policy, and New York City, the
hub of the world economy, continues to be threatened by terrorism. The
government is failing to prevent more successful attacks by not backing down
from foreign policy disasters and by not allowing planes to arm themselves.
These are all conditions that make gold particularly attractive.
Or perhaps it is not so obvious why this is true. It's been three decades
since the dollar's tie to gold was completely severed, to the hosannas of
mainstream economists. There is no stash of gold held by the Fed or the
Treasury that backs our currency system. The government owns gold but not as a
monetary asset. It owns it the same way it owns national parks and fighter
planes. It's just another asset the government keeps to itself.
The dollar, and all our money, is nothing more and nothing less than what it
looks like: a cut piece of linen paper with fancy printing on it. You can
exchange it for other currency at a fixed rate and for any good or service at
a flexible rate. But there is no established exchange rate between the dollar
and gold, either at home or internationally.
The supply of money is not limited by the amount of gold. Gold is just another
good for which the dollar can be exchanged, and in that sense is legally no
different from a gallon of milk, a tank of gas, or an hour of babysitting
Why, then, do people turn to gold in times like these? What is gold used for?
Yes, there are industrial uses and there are consumer uses in jewelry and the
like. But recessions and inflations don't cause people to want to wear more
jewelry or stock up on industrial metal. The investor demand ultimately
reflects consumer demand for gold. But that still leaves us with the question
of why the consumer demand exists in the first place. Why gold and not sugar
or wheat or something else?
There is no getting away from it: investor markets have memories of the days
when gold was money. In fact, in the whole history of civilization, gold has
served as the basic money of all people wherever it's been available. Other
precious metals have been valued and coined, but gold always emerged on top in
the great competition for what constitutes the most valuable commodity of all.
There is nothing intrinsic about gold that makes it money. It has certain
properties that lend itself to monetary use, like portability, divisibility,
scarcity, durability, and uniformity. But these are just descriptors of
certain qualities of the metal, not explanations as to why it became money.
Gold became money for only one reason: because that's what the markets chose.
Why isn't gold money now? Because governments destroyed the gold standard.
Why? Because they regarded it as too inflexible. To be sure, monetary
inflexibility is the friend of free markets. Without the ability to create
money out of nothing, governments tend to run tight financial ships. Banks are
more careful about the lending when they can't rely on a lender of last resort
with access to a money-creation machine like the Fed.
A fixed money stock means that overall prices are generally more stable. The
problems of inflation and business cycles disappear entirely. Under the gold
standard, in fact, increased market productivity causes prices to generally
decline over time as the purchasing power of money increases.
In 1967, Alan Greenspan once wrote an article called Gold and Economic
Freedom. He wrote that: "An almost hysterical antagonism toward the gold
standard is one issue which unites statists of all persuasions. They seem to
sense ï¿½ perhaps more clearly and subtly than many consistent defenders of
laissez-faire ï¿½ that gold and economic freedom are inseparable, that the gold
standard is an instrument of laissez-faire and that each implies and requires
the other. . . . This is the shabby secret of the welfare statists' tirades
against gold. Deficit spending is simply a scheme for the confiscation of
wealth. Gold stands in the way of this insidious process. It stands as a
protector of property rights."
He was right. Gold and freedom go together. Gold money is both the result of
freedom and its leading protector. When money is as good as gold, the
government cannot manipulate the supply for its own purposes. Just as the rule
of law puts limits on the despotic use of police power, a gold standard puts
extreme limits on the government's ability to spend, borrow, and otherwise
create crazy unworkable programs. It is forced to raise its revenue through
taxation, not inflation, and generally keep its house in order.
Without the gold standard, government is free to work with the Fed to inflate
the currency without limit. Even in our own times, we've seen governments do
that and thereby spread mass misery. Now, all governments are stupid but not
all are so stupid as to pull stunts like this. Most of the time, governments
are pleased to inflate their currencies so long as they don't have to pay the
price in the form of mass bankruptcies, falling exchange rates, and inflation.
In the real world, of course, there is a lag time between cause and effect.
The Fed has been inflating the currency at very high levels for longer than a
year. The consequences of this disastrous policy are showing up only recently
in the form of a falling dollar and higher gold prices. And so what does the
Fed do? It is pulling back now. For the first time in nearly ten years, some
measures of money (M2 and MZM) are showing a falling money stock, which is
likely to prompt a second dip in the continuing recession.
Greenspan now finds himself on the horns of a very serious dilemma. If he
continues to pull back on money, the economy could tip into a serious
recession. This is especially a danger given rising protectionism, which
mirrors the events of the early 1930s. On the other hand, a continuation of
the loose policy he has pursued for a year endangers the value of the dollar
How much easier matters were when we didn't have to rely on the wisdom of
exalted monetary central planners like Greenspan. Under the gold standard, the
supply of money regulated itself. The government kept within limits. Banks
were more cautious. Savings were high because credit was tight and saving was
rewarded. This approach to economics is the foundation of a sustainable
We don't have that system now for the country or the world, but individuals
are showing their preferences once again. By driving up the price of gold,
prompting gold producers to become profitable again, the people are expressing
their lack of confidence in their leaders. They have decided to protect
themselves and not trust the state. That is the hidden message behind the new
luster of gold.
Is a gold standard feasible again? Of course. The dollar could be redefined in
terms of gold. Interest rates would reflect the real supply and demand for
credit. We could shut down the Fed and we would never need to worry again what
the chairman of the Fed wanted. There was a time when Greenspan was nostalgic
for such a system. Investors of the world have come to embrace this view even
as Greenspan has completely abandoned it. What keeps the gold standard from
becoming a reality again is the love of big government and war. If we ever
fall in love with freedom again, the gold standard will once more become a hot
issue in public debate.
Dr. Ron Paul is a Republican member of Congress from Texas.
JFK vs. The Federal Reserve
On June 4, 1963, a virtually unknown Presidential decree, Executive Order
11110, was signed with the authority to basically strip the Federal Reserve
Bank of its power to loan money to the United States Federal Government at
interest. With the stroke of a pen, President Kennedy declared that the
privately owned Federal Reserve Bank would soon be out of business. 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
When President John Fitzgerald Kennedy - the author of Profiles in Courage -
signed this Order, it returned to the federal government, specifically the
Treasury Department, the Constitutional power to create and issue currency -
money - without going through the privately owned Federal Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed
further below] gave the Treasury Department the explicit authority:
"to issue silver certificates against any silver bullion, silver, or
standard silver dollars in the Treasury."
This means that for every ounce of silver in the U.S. Treasury's vault, the
government could introduce new money into circulation based on the silver
bullion physically held there. 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. It appears obvious
that President Kennedy knew the Federal Reserve Notes being used as the
purported legal currency were contrary to the Constitution of the United
States of America. "United States Notes" were issued as an interest-free and
debt-free currency backed by silver reserves in the U.S.
In the illustrations below, we compare a "Federal Reserve Note" issued from
the private central bank of the United States (the Federal Reserve Bank
a/k/a Federal Reserve System), with a "United States Note" from the U.S.
Treasury issued by President Kennedy's Executive Order. They almost look
alike, except one says "Federal Reserve Note" on the top while the other
says "United States Note". Also, the Federal Reserve Note has a green seal
and serial number while the United States Note has a red seal and serial
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 continued 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 the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes.
This is a very simple matter of economics. The USN was backed by silver and
the FRN was not backed by anything of intrinsic value. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new "money". Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
Again, according to our own research, just five months after Kennedy was
assassinated, no more of the Series 1958 "Silver Certificates" were issued
either, and they were subsequently removed from circulation. Perhaps the
assassination of JFK was a warning to all future presidents not to interfere
with the private Federal Reserve's control over the creation of money. It
seems very apparent that President Kennedy challenged the "powers that exist
behind U.S. and world finance". With true patriotic courage, JFK boldly
faced the two most successful vehicles that have ever been used to drive up
debt: 1) war (Vietnam); and, 2) the creation of money by a privately owned
central bank. His efforts to have all U.S. troops out of Vietnam by 1965
combined with Executive Order 11110 would have destroyed the profits and
control of the private Federal Reserve Bank.
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 -
(a) By adding at the end of paragraph 1 thereof the following
"(j) The authority vested in the President by paragraph (b)
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.
SECTION 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
JOHN F. KENNEDY
THE WHITE HOUSE,
June 4, 1963
Once again, Executive Order 11110 is still valid. According to Title 3,
United States Code, Section 301 dated January 26, 1998:
Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as
EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617
The 1974 and 1987 amendments, added after Kennedy's 1963 amendment, did not
change or alter any part of Kennedy's EO 11110. A search of Clinton's 1998
and 1999 EO's and Presidential Directives has also shown no reference to any
alterations, suspensions, or changes to EO 11110.
The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private
Black's Law Dictionary defines the "Federal Reserve System" as:
"Network of twelve central banks to which most national
and to which state chartered banks may belong. Membership rules require
investment of stock and minimum reserves."
Privately-owned banks own the stock of the FED. This was explained in more
detail in the case of Lewis v. United States, Federal Reporter, 2nd Series,
Vol. 680, Pages 1239, 1241 (1982), where the court said:
"Each Federal Reserve Bank is a separate corporation owned
commercial banks in its region. The stock-holding commercial banks elect two
thirds of each Bank's nine member board of directors".
The Federal Reserve Banks are locally controlled by their member banks. Once
again, according to Black's Law Dictionary, we find that these privately
owned banks actually issue money:
"Federal Reserve Act. Law which created Federal Reserve
banks which act
as agents in maintaining money reserves, issuing money in the form of bank
notes, lending money to banks, and supervising banks. Administered by
Federal Reserve Board (q.v.)".
The privately owned Federal Reserve (FED) banks actually issue (create) the
"money" we use. In 1964, the House Committee on Banking and Currency,
Subcommittee on Domestic Finance, at the second session of the 88th
Congress, put out a study entitled Money Facts which contains a good
description of what the FED is:
"The Federal Reserve is a total money-making machine. It can
money or checks. And it never has a problem of making its checks good
because it can obtain the $5 and $10 bills necessary to cover its check
simply by asking the Treasury Department's Bureau of Engraving to print
Any one person or any closely knit group who has a lot of money has a lot of
power. Now imagine a group of people who have the power to create money.
Imagine the power these people would have. This is exactly what the
privately owned FED is!
No man did more to expose the power of the FED than Louis T. McFadden, who
was the Chairman of the House Banking Committee back in the 1930s. In
describing the FED, he remarked in the Congressional Record, House pages
1295 and 1296 on June 10, 1932:
"Mr. Chairman, we have in this country one of the most
institutions the world has ever known. I refer to the Federal Reserve Board
and the Federal reserve banks. The Federal Reserve Board, a Government
Board, has cheated the Government of the United States and he people of the
United States out of enough money to pay the national debt. The depredations
and the iniquities of the Federal Reserve Board and the Federal reserve
banks acting together have cost this country enough money to pay the
national debt several times over. This evil institution has impoverished and
ruined the people of the United States; has bankrupted itself, and has
practically bankrupted our Government. It has done this through the
maladministration of that law by which the Federal Reserve Board, and
through the corrupt practices of the moneyed vultures who control it".
Some people think the Federal Reserve Banks are United States Government
institutions. They are not Government institutions, departments, or
agencies. They are private credit monopolies which prey upon the people of
the United States for the benefit of themselves and their foreign customers.
Those 12 private credit monopolies were deceitfully placed upon this country
by bankers who came here from Europe and who repaid us for our hospitality
by undermining our American institutions.
The FED basically works like this: The government granted its power to
create money to the FED banks. They create money, then loan it back to the
government charging interest. The government levies income taxes to pay the
interest on the debt. On this point, it's interesting to note that the
Federal Reserve Act and the sixteenth amendment, which gave congress the
power to collect income taxes, were both passed in 1913. The incredible
power of the FED over the economy is universally admitted.
Some people, especially in the banking and academic communities, even
support it. On the other hand, there are those, such as President John
Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken
about in Jim Marrs' 1990 book Crossfire:
"Another overlooked aspect of Kennedy's attempt to reform
society involves money.
Kennedy apparently reasoned that by returning to the
which states that only Congress shall coin and regulate money, the soaring
national debt could be reduced by not paying interest to the bankers of the
Federal Reserve System, who print paper money then loan it to the government
at interest. He moved in this area on June 4, 1963, by signing Executive
Order 11110 which called for the issuance of $4,292,893,815 in United States
Notes through the U.S. Treasury rather than the traditional Federal Reserve
System. That same day, Kennedy signed a bill changing the backing of one and
two dollar bills from silver to gold, adding strength to the weakened U.S.
Kennedy's comptroller of the currency, James J. Saxon, had been
with the powerful Federal Reserve Board for some time, encouraging broader
investment and lending powers for banks that were not part of the Federal
Reserve system. Saxon also had decided that non-Reserve banks could
underwrite state and local general obligation bonds, again weakening the
dominant Federal Reserve banks".
In a speech made to Columbia University on Nov. 12, 1963, ten days before
his assassination, President John Fitzgerald Kennedy said:
"The high office of the President has been used to foment a
destroy the American's freedom and before I leave office, I must inform the
citizen of this plight."
In this matter, John Fitzgerald Kennedy appears to be the subject of his own
book... a true Profile of Courage.
This was my written article:
According to the Constitution of the United States, (Article 1 Section 8),
only Congress has the authority to coin Money, regulate the Value thereof,
and of foreign Coin, and fix the Standard of Weights and Measures.
However, since 1913 this Amendment has not been followed.
In 1913, the Federal Reserve System was created, giving a private owned
corporation the authority to "create" and coin the money of United States.
The Federal Reserve is comprised of 12 private credit monopolies who have
been given the authority to control the supply of the "Federal Reserve
Notes", interest rates and all the other monetary and banking phenomena.
The way the Federal Reserve works is this: 12 private credit monopolies
"create", (or print), Federal Reserve Notes which are lent to the American
government. The government granted its power to create money to the FED
banks. They create money, then loan it back to the government charging
interests. The government levies income taxes to pay the interest on the
debt. It is interesting to note that the Federal Reserve Act and the
sixteenth amendment which gave congress the power to collect income taxes,
were both passed in 1913. The Federal Reserve Notes are not backed by
anything of "intrinsic" value. (i.e. gold or silver).
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 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
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
Only 5 months after Executive Order 11110 was signed, President Kennedy was
assassinated. Five months later, no more of the Series 1958 "Silver
Certificates" were issued and they were subsequently removed from
circulation. 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
It is interesting to note that Executive Order 11110 is still in effect,
though no U.S. President has followed it. The Bible states, "through lack
of knowledge, my people perish". As American people, it is our duty to
question the Federal Reserve System, and the power that we have given them.
The class listened intently as I spoke of the Federal Reserve, explaining
how FRN's are backed by nothing but the United States Notes were backed by
silver, which is held in the U.S. Treasury. I even brought in a 1957 silver
dollar certificate that I have in my possession, which shows that the silver
certificate may be exchanged for it's value in silver.
After the report was completed, the class clapped. Many were amazed at
their lack of knowledge in the Federal Reserve and can not believe this has
not been taught.
The "marketing" instructor thanked me and told me the report was wonderful.
That was Monday.
Today I went into class and was called out to the hallway by the marketing
instructor, who is filling in for the "business" teacher. I was told that
the business teacher will not accept that report, that she is giving me a
"0" for it and has yet to decide if she will allow me to do another report
in place of that one. I was told that I mislead the class with erroneous
information and that when "Gwen" returns to class, she will probably speak
to the class about the false information I gave them. I was also told that
I was not allowed to have a Biblical Scripture in a report and that the
Business class is "just not the place for this". The marketing instructor
told me that "Gwen" looked up some information regarding Kennedy and the
Federal Reserve and that there was a Congressional report following
Kennedy's death regarding the intent of the "new money"... that it no way
was it intened to put the Federal Reserve out of business. I kindly told
the marketing teacher that not all can agree on what they believe, but this
is something that I firmly believe to be truth. Had I chosen an article
from one of the "media" sources, I would not believe I would be giving full
truth of that article. From my discussion with the "marketing" teacher, I
gathered the problem was more that I was insinuating that Kennedy was
assasinated due to the "new currency", which is not what was implied in my
report at all.
This is the information that I have:
I was told that the article needed to be from the previous day, which is
also stated in the syllabus, (it is not stated in the syllabus that it must
be from the previous day, only that it need to be from a business source,
i.e. Forbes, Wall Street Journal, etc.)
I was told that I presented only one side of the argument and that all my
information was erroneous.
I am prohibited from reciting a Biblical Scripture in my report, or to the
What I am needing is information. "Gwen" returns on to class on Monday,
I'm certain she and I will go head to head on this, (and many other) issues.
While I understand the class is a Business class, I am determined to share
my views to any and all. I will not cast aside what I hold to be truth...
that being the Sovereignty of America.
I have considered going to the dean regarding this, but will wait to see
what is said to me by "Gwen" and what is addressed in class.
Is there anything you can give me that will help me in this situation,
articles or reports would be appreciated... as well as my legal standing
should I fight this to the hilt.
Thank you for your time.
The Creature from Jekyll Island -
Why a Federal Reserve Note isn't worth a Dollar -
The Federal Reserve: An Astounding Exposure 1934 -
How To Restore Constitutional Money: The Challenge -
Billions for the Bankers, Debts for the People -
JFK Assassinated after outlating The Federal