but JFK passed Executive Order 11110 on June 4th, 1963 that was designed to put new currency, backed by silver, into curculation. Soon after his assassination this money was removed from curculation.How and why does the Fed have so much power? According to the section 8 of the Constitution congress is the only entity that has the right to do this.
Yes it bothers me and it particularly bothers me that I am not allowed by law to use a competing, metal-backed currency which would actually hold its value independent of the federal reserve's self-serving inflation techniques. Several answers here have summed it up very well, so I only want to add a couple of things for anyone interested in this extremely important issue. First, something that has not changed in a thousand years, and never will: ????Bankers have no loyalty except to money, and no nationality but Profit. Second, a prophetic quote from one of our first presidents: History records that money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” — James Madison
You bet it does and it should you too. It was voted in while Congress was in recess over Christmas in 1913 . Check it out on you tube . It's partly the cause of the Great Depression !!!
You bet, We all need to know that the Fed. Res. Bank is not a part of the Fed. Gov. But A privately owned Bank that is owned by private share holders that loan the money to the Fed. Gov. That's why on all our dollar bills it is labeled Federal Reserve Note. A Note is a loan,iecar note,promissory note.ect. and then the Fed. Gov. illegally forces us to pay Fed. Income Tax to pay back the loan from these LOAN SHARKS!!!!!!!!!! TO ANSWER YOUR QUESTION I'M MAD AS HELL!!! SO WHAT ARE WE GOING TO DO ABOUT IT!
