“You will not have to be told how periods of inflation and depression originate.” (President James A. Garfield, 1881)
By Daniel at 5 December, 2009, 12:12 am
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President James A. Garfield was inaugurated in 1881 and was the second American president to be assassinated. He was shot by Charles J. Guiteau on July 2, 1881 and later died from medical complications on September 19. Two weeks before being shot, President Garfield is attributed with saying,
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” (President James A. Garfield, 1881)
President John Kennedy looked his fiscal budget and noticed that the largest line item expenditure was to the Federal Reserve….see the federal reserve charges OUR government interest on money that it borrows from the FEDERAL reserve aka Private Banks…so this is what John Kennedy did….
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.
President Kennedy’s Executive Order 11110 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.
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.
President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation.
You think the Federal Reserve (Private Bankers) might have been a bit upset not collecting their interest??
- TheRed.PillPlease
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