JFK was attempting to duplicate Lincoln policy that had saved taxpayers $4 billion

Its "profits" belong to the People. It is the Peoples' monies to the extent government securities are backed by taxes.

 

no, the net-profits belong to the treasury dept

you can think it belongs to the people, but in reality, it belongs to a government agency, not the people

what does that have to do with the fed?

 

Lincoln,like Kennedy,also paid the price for his actions with the banker cartel.This is the speech that got him killed.HIs signing of the greenbacks was the final curtain for him.

Abraham Lincoln also warned about possible abuses by private bankers. After the National Bank Act was passed in 1863, he wrote:

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations [of banking] have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the Republic destroyed. (Quoted in ibid., p. 9.)

this good read here is why Jfk and Lincoln were both killed.

http://www.michaeljournal.org/lincolnkennedy.htm


woodrow wilson matter of fact told the american people he basically betrayed them and sold them down the river regretting that he signed the federal reserve act stating these words in 1919.

I have unwittingly ruined my country. A 
great industrial nation is now controlled by its system of credit. We are
 no longer a government by free opinion, no longer a government by 
conviction and the vote of the majority, but a government by the opinion
and duress of a small group of dominant men.” ~ Woodrow Wilson 1919.


http://dont-tread-on.me/?p=22466

 

Isn't our government of the People, by the People and for the People?

It has to do with acceptance of our fiat money.

 

Abraham Lincoln,Thomas Jefferson,Andrew Jackson,and Charles Lindburg all understood the dangers the fed would present.they were all very intelligent men all ahead of their time.what they talked about back then is whats going on RIGHT NOW AS WE SPEAK!!!!!!

JEFFERSON-Thomas Jefferson understood the danger of putting the power to control the currency of a nation in the hands of a few individuals in the form of a monopolistic central bank. This is why he opposed Alexander Hamilton's scheme to establish the First Bank of the United States. Let me repeat what he said in 1791:

"If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied."

JEFFERSON gave this speech as well-

In a letter to Thomas Jefferson, 1787)
Congressman Louis T. McFadden said the following during a speech before Congress 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 the 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 defects of the law under which it operates, through the maladministration of that law by 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 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 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."

JACKSON-President Andrew Jackson also understood the danger. He refused to renew the charter (a grant of monopoly) of the Second Bank of the United States. In 1836 Jackson said to the bankers trying to persuade him to renew their charter (so they could continue their harmful monopoly):

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."

There was ironically,an assassination attempt on Jacksons life as well.





LINCOLN-The Treasury notes were printed with green ink on the back, so the people called them “Greenbacks”.

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

Shortly after that happened, “The London Times” printed the following: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun(*)tries will go to North America. That govern(*)ment must be destroyed, or it will destroy every monarchy on the globe.”

LINDBURGH-On December 22, 1913, the day before President Woodrow Wilson signed the Federal Reserve Act, Congressman Charles A. Lindberg Sr. (father of the famous aviator) said to the House:

"This Act establishes the most gigantic trust** on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts** will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress... The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government."

http://www.buildfreedom.com/tl/rape3.shtml

 

do you think that means that any citizen can just go to the treasury and withdraw money?

quit being ridiculous

what are you talking about?

 

so we in fact,lost our freedoms and became a facist dictatership on dec 25th,1913 when the federal reserve act was passed.

Here is a great video on it that everybody here should watch called FREEDOM TO FASCISM.its a 1 and a half hour long video but its well worth the time. funny that Russo who produced this videos,died later on.coincidence? yeah right.

http://www.youtube.com/watch?v=gKToYTOE128

 

its a game called DODGEBALL he always plays.hee hee.

 

that video is a great example of how liars are trying to fool people

it's full of lies, half truths, misinformation and looney tax protestor propaganda

at 3:44 russo said, "President Wilson, who signed the Federal Reserve Act into law, later said in regret, "i am a most unhappy man. I have unwittingly ruined my country.""

it's not true, it's a complete fabrication and wilson never said that, see the article below for a complete explanation

[video=youtube;gKToYTOE128]http://www.youtube.com/watch?v=gKToYTOE128[/video]

russo had bladder cancer for 6 years, then died from it


here's the article below:


The unhappiness of Woodrow Wilson

Did the president lament the day he "unwittingly ruined" his country by creating the Federal Reserve?

BY ANDREW LEONARD - FRIDAY, DEC 21, 2007

Did Woodrow Wilson bitterly regret his role in creating the Federal Reserve? Some readers of my post yesterday on Ron Paul and the Federal Reserve believe so. Two of them proffered an identical quote as evidence.

I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world -- no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.

On the hundreds of Web sites on which this quote appears, it is typically taken as proof of Wilson's remorse at handing over control of the nation's money supply to a cabal of Wall Street money men. A common framing: "Woodrow Wilson signed into effect the Federal Reserve Act on December 23, 1913. And said the following just six years later." Even the Wikipedia page for Woodrow Wilson includes the quote, as proof that "Historians generally agree that Wilson hated the Federal reserve, and it made him, by his own word, "a most unhappy man..."
Frequency of repetition doesn't make for reliable sourcing, however, and convincing documentary evidence that Wilson uttered such words, in reference to his role creating the Federal Reserve, is hard to come by. In fact, the available evidence suggests that the quote is an after-the-fact fabrication made by splicing together passages of different Wilson statements that have nothing at all to do with the Federal Reserve.
Two separate portions of the quote appear in The New Freedom: A Call for the Emancipation of the Generous Energies of a People," published in 1913. "The New Freedom" is a distillation of campaign speeches Wilson made while running for President in 1911.
On page 185 there is the following section:

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

And on page 201:

We are at the parting of the ways. We have, not one or two or three, but many, established and formidable monopolies in the United States. We have, not one or two, but many, fields of endeavor into which it is difficult, if not impossible, for the independent man to enter. We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world -- no longer a government by the opinion and the duress of small groups of dominant men.

Now, this is all good rabble-rousing stuff, but its relevance to the creation of the Federal Reserve is nonexistent. The speeches these quotes were adapted from were delivered before the Federal Reserve was created. And as for the melodramatic utterance: "I am a most unhappy man. I have unwittingly ruined my country," well, so far, the sourcing well is coming up dry.

Some may question whether such historical nitpicking is relevant to the current presidential campaign. They may do so as they please. But if you want to engage in conspiracy theory, it's a good idea to get your facts straight.

UPDATE: Via e-mail, John M. Cooper, a professor of history at the University of Wisconsin, and the author of several books on Woodrow Wilson, writes:

"I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride."

http://www.salon.com/2007/12/21/woodrow_wilson_federal_reserve/

 

Here again is this link that settles it all once and for all that Kennedy,like Lincoln,was killed by the bankers.
Kennedy was the only president since Lincoln to try and do soemthing about the federal reserve and he paid the price for it.
http://www.michaeljournal.org/lincolnkennedy.htm

sometimes things have to be repeated around here since people go into things only reading PARTS of posts and only see what they WANT to see. as i said at least 3 times before,Johnson just ONE DAY LATER after kennedys assassination,stopped his executive order and stopped the printing of united states notes backed by silver which the federal reserves notes we have now,arent backed by anything and why we have the debt we do now.Its all tied into the kennedy assassination.

everything else discussed in this thread is all irrelevent to this link here.

 

oh look more looney propaganda from you, that crazy lie was debunked long ago

do you not get tired of having your misinformation refuted so fast and easy

or do you just ignore the verifiable facts and reliable references i post?

Kennedy wrote executive order 11110 to phase out silver certificate currency, not to issue more of it. Records show Kennedy and the Federal Reserve were almost always in agreement on policy matters. He even signed legislation to give the Fed more authority to issue currency.

by Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C.

Presidential Executive Order 11110 is quite infamous among conspiracy buffs. Jim Marrs, author of Crossfire: The Plot that Killed Kennedy, writes that the order instructs the Treasury secretary to issue about $4.2 billion in silver certificates as a form of currency in place of Federal Reserve Notes.1 Written by John F. Kennedy, Marrs also speculates this order was part of a larger plan by Kennedy to reduce the influence of the Federal Reserve by giving the Treasury more power to issue currency. The order was signed June 4, 1963. A few months later, of course, Kennedy was killed, and conspiracy theorists hypothesize a link between the murder and E.O. 11,110. They argue that the Federal Reserve was somehow involved in the assassination to protect its power over monetary policy.

The executive order modifies a pre-existing order issued by Harry Truman in 1951. E.O. 10,289 states "The Secretary of the Treasury is hereby designated and empowered to perform the following-described functions of the President without the approval, ratification, or other action of the President..." The order then lists tasks (a) through (h) which the Treasurer can now do without bothering the President. None of the powers assigned to the Treasury in E.O. 10,289 relate to money or to monetary policy. Kennedy´s E.O. 11,110 then instructs that

SECTION 1. Executive Order No. 10289 of September 9, 1951, as amended, is hereby further amended (a) 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 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 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 any may be enforced as if said amendments had not been made.

John F. Kennedy, THE WHITE HOUSE, June 4, 1963.


To understand exactly what Kennedy´s order was trying to do, we must understand the purpose of the legislation which gave the order its underlying authority. The Agricultural Adjustment Act of May 12, 1933 (ch. 25, 48 Stat 51) to which Kennedy refers permits the President to issue silver certificates in various denominations (mostly $1, $2, $5, and $10) and in any total volume so long as the Treasury has enough silver on hand to redeem the certificates for a specific quantity and fineness of silver and that the total volume of such currency does not exceed $3 billion. The Silver Purchase Act of 1934 [ch. 674,48 Stat 1178] also grants this power to the Treasury Secretary subject to similar limitations. Nowhere in the text of the order is a quantity of money mentioned, so it is unclear how Marrs arrived at his $4.2 billion figure. Moreover, the President could not have authorized such a large issue because it would have exceeded the statutory limit.2

As economic activity grew in the fifties and sixties, the public demand for low denomination currency grew, increasing the Treasury´s need for silver to back additional certificate issues and to mint new coins (dimes, quarters, half-dollars). However, during the late fifties the price of silver began to rise and reached the point that the market value of the silver contained in the coins and backing the certificates was greater than the face value of the money itself.2

To conserve the Treasury´s silver needs, the Silver Purchase Act and related measures were repealed by Congress in 1963 with Public Law 88-36. Following the repeal, only the President could authorize new silver certificate issues, and no longer the Treasury Secretary. The law, signed by Kennedy himself, also permits the Federal Reserve to issue small denomination bills to replace the outgoing silver certificates (prior to the act, the Fed could only issue Federal Reserve Notes in larger denominations). The Treasury´s shrinking silver stock could then be used to mint coins only and not have to back currency. The repeal left only the President with the authority to issue silver certificates, however it did permit him to delegate this authority. E.O. 11,110 does this by transferring the authority from the President to the Treasury Secretary.2

E.O. 11,110 did not create authority to issue new silver certificates, it only affected who could give the order. The purpose of the order was to facilitate the reduction of certificates in circulation, not to increase them. In October 1964 the Treasury ceased issuing them entirely. The Coinage Act of 1965 (PL 89-81) ended the practice of using silver in most U.S. coins, and in 1968 Congress ended the redeemability of silver certificates (PL 90-29). E.O. 11,110 was never reversed by President Johnson and remained on the books until 1987 when there was a general cleaning-up of executive orders (E.O. 12,608, 9/9/87). However, by this time the remaining legislative authority behind E.O. 11,110 had been repealed by Congress with PL 97-258 in 1982.2

In summary, E.O. 11,110 did not create new authority to issue additional silver certificates. In fact, its intention was to ease the process for their removal so that small denomination Federal Reserve Notes could replace them in accordance with a law Kennedy himself signed. If Kennedy had really sought to reduce Federal Reserve power, then why did he sign a bill that gave the Fed still more power?

Marrs also makes some other factual errors in his conspiracy tale that suggest he is not very familiar with the Federal Reserve or the financial system. He writes that a source of tension between the Federal Reserve and the Kennedy Administration was the Treasury´s desire to allow banks to underwrite state and local government bonds, thereby weakening the "dominant" Federal Reserve banks. However, such a move, which was later permitted by Congress, would not have affected the Federal Reserve system because it had never been involved in underwriting bond issues. Marrs also claims that Kennedy signed a bill that changed the backing of small denomination currency from silver to gold to "add strength to the weakened U.S. currency." This is completely false. U.S. currency has not been on the gold standard since 1934, and silver certificates, as their name suggests, had never been redeemable in anything but silver. In addition, U.S. currency was not "weak" during Kennedy´s time: There had not been any significant inflation since the late forties, and the exchange rate value of the dollar was fixed according to the Bretton Woods agreement.

In the introduction to his book, Marrs advises the reader not to trust his book. This appears to be good advice.

References:

1. Marrs, Jim (1989), Crossfire: The Plot that Killed Kennedy, New York: Carroll & Graf Publishers.

2. Woodward, G. Thomas (1996), "Money and the Federal Reserve System: Myth and Reality," Congressional Research Service.


http://www.publiceye.org/conspire/flaherty/flaherty9.html

 

being disingenuous without a Cause is even more "ridiculous". It has to do with We the People, forming a more perfect Union.

Our fiat money is legal tender for all debts, public and private.

 

my genuine cause is to debunk lies being told about the fed

all you have to do to see the veracity in that is look at post #84 & 86

that really has little to do with the fact that the federal reserve doesn't use taxpayer's money

again with the ridiculous, irrelevant remarks

you're obviously the one being disingenuous

 

where did the fed get the money for the bailout?

 

not from taxpayers

 

if it was fiat money that bailed out those corporate welfare recipients, how did the Fed get the fiat money to pay multimillion dollar bonuses?

 

what bonuses?

 

and stuff like this:

 

notice how it says nothing about the fed in that article

do you understand the difference between the federal reserve and commercial banks?

 

People will not tell massive off the scale lies for pennies.................Have you ever seen the Burzynski film about how various organizations gave him such a hard time?

Imagine the salary level for Dr. D..... S...... and Dr. D.... K.....???

http://articles.mercola.com/sites/a...ce=dnl&utm_medium=email&utm_campaign=20130119

Case Dismissed! Texas Ends 15-Year Fight Against Cancer Doctor Burzynski

 

That particular part has to do with Income Transfers to the wealthiest in our republic, as a privilege and immunity; only the right has that much cognitive dissonance.

 

again, that's not anything to do with the federal reserve

you implied that the federal reserve had something to do with bonuses

either show me your source or admit admit you're wrong

 

I believe I was answering this particular question when asked, unlike those of the opposing view.

 

but you didn't answer the question, you posted something completely unrelated to the federal reserve

just admit you don't know what you're talking about

 

As a public sector means of production and lender of last resort, it must use the People's money to make more money especially when our federal Congress is running massive deficits instead of massive surpluses.