pahunkboy -> RE: H.R2755, Federal Reserve Board Abolition Act (11/28/2008 3:59:46 PM)
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the congress totally bit our hands! that is a good question, how does one scam the congress. bloomburg is sueing the fed res under FOIA, to learn the details of the so-called transparent use of bail out $. how is it that so many need this or a sim bail out? some this is the 2nd time around too. ======================= On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day 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. 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. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous. /snip http://www.john-f-kennedy.net/executiveorder11110.htm
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