CHOICE AND SYSTEM FOR THE PLANET
A Holistic Common Sense Structure for
Liberation of All
without War Through the New Foundation for the New World Vision
President Kennedy's Brave Act to
Return the Money Supply to The People
From The Final Call, Vol15, No.6, on January 17, 1996 (USA)
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
certificates 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 government 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never repealed by any U.S. President through an Executive Order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, if so, is he willing to pay the ultimate
price for doing so?
Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289
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):
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.
Monetary Policy, 1865 (Page 91 of Senate document 23.)
Money is the
creature of law and the creation of the original issue of money
should be maintained as the exclusive monopoly of national
Money possesses no value to the State other than that given to it by circulation.
Capital has its
proper place and is entitled to every protection. The wages of men
should be recognised in the structure of and in the social order as
more important than the wages of money.
No duty is more
imperative for the Government than the duty it owes the People to
furnish them with a sound and uniform currency, and of regulating
the circulation of the medium of exchange so that labour will be
protected from a vicious currency, and commerce will be facilitated
by cheap and safe exchanges.
supply of Gold and Silver being wholly inadequate to permit the
issuance of coins of intrinsic value or paper currency convertible
into coin in the volume required to serve the needs of the People,
some other basis for the issue of currency must be developed, and
some means other than that of convertibility into coin must be
developed to prevent undue fluctuation in the value of paper
currency or any other substitute for money of intrinsic value that
may come into use.
The monetary needs
of increasing numbers of People advancing towards higher standards
of living can and should be met by the Government. Such needs can be
served by the issue of National Currency and Credit through the
operation of a National Banking system .The circulation of a medium
of exchange issued and backed by the Government can be properly
regulated and redundancy of issue avoided by withdrawing from
circulation such amounts as may be necessary by Taxation, Redeposit,
and otherwise. Government has the power to regulate the currency and
credit of the Nation.
stand behind its currency and credit and the Bank deposits of the
Nation. No individual should suffer a loss of money through
depreciation or inflated currency or Bank bankruptcy.
possessing the power to create and issue currency and credits money
and enjoying the right to withdraw both currency and credit from
circulation by Taxation and otherwise need not and should not borrow
capital at interest as a means of financing Governmental work and
public enterprise. The Government should create, issue, and
circulate all the currency and credit needed to satisfy the spending
power of the Government and the buying power of the consumers. The
privilege of creating and issuing money is not only the supreme
prerogative of Government, but it is the Governments greatest
By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.
Some information on
the Federal Reserve The Federal Reserve, a Private Corporation One
of the most common concerns among people who engage in any effort to
reduce their taxes is, "Will keeping my money hurt the government's
ability to pay it's bills?" As explained in the first article in
this series, the modern withholding tax does not, and wasn't
designed to, pay for government services. What it does do, is pay
for the privately-owned Federal Reserve System.
Dictionary defines the "Federal Reserve System" as, "Network of
twelve central banks to which most national banks belong 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:
Reserve Bank is a separate corporation owned by commercial banks in
its region. The stock-holding commercial banks elect two thirds of
each Bank's nine member board of directors.
Federal Reserve Banks, though heavily regulated, are locally
controlled by their member banks. Taking another look at Black's Law
Dictionary, we find that these privately owned banks actually issue
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 FED banks, which are privately owned, actually issue, that is, 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 issue 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 them.
As we all know, anyone 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 what the 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.
Constantly pointing out that monetary issues shouldn't be partisan,
he criticized both the Herbert Hoover and Franklin Roosevelt
administrations. 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 corrupt 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. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. Those 12 private credit monopolies were deceitfully and disloyally foisted 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, both in the past and in the present, that speak out against
it. One of these men was President John F. Kennedy. His efforts were
detailed in Jim Marrs' 1990 book, Crossfire:
aspect of Kennedy's attempt to reform American society involves
money. Kennedy apparently reasoned that by returning to the
constitution, 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
11,110 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. currency.
comptroller of the currency, James J. Saxon, had been at odds 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
A number of
"Kennedy bills" were indeed issued - the author has a five dollar
bill in his possession with the heading "United States Note" - but
were quickly withdrawn after Kennedy's death. According to
information from the Library of the Comptroller of the Currency,
Executive Order 11,110 remains in effect today, although successive
administrations beginning with that of President Lyndon Johnson
apparently have simply ignored it and instead returned to the
practice of paying interest on Federal Reserve notes. Today we
continue to use Federal Reserve Notes, and the deficit is at an
The point being
made is that the IRS taxes you pay aren't used for government
services. It won't hurt you, or the nation, to legally reduce or
eliminate your tax liability.
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