The US Dollar Bubble - Fact or Fiction?

I am a fairly regular contributor to Marketwatch's discussion boards. It gives me various viewpoints on the economy and current issues being discussed in the media.  One of the most interesting topics has been on the US dollar and Real Estate. It is no secret to many that the 'so called' 'recession' is really not a recession but a 'Greater Depression' meaning it will eventually become worse than the Great Depression from 1929-1938. The following video gives a very clear view of where we as a nation are headed. The brakes on this vehicle are not working very well, we've just scaled a mountaintop road and are beginning to head down the windy road. We're in a very precarious situation. Our driver is knowledgeable but is not a very good driver.
This video will educate you as to what is happening right now.

Video on the Dollar Bubble:


New Rich Dad video on Silver - #1 Investment Today

Why Buy Silver Now?  Here's the best way I've found to begin trading fiat money in to buy 'real' money that will hold its value no matter what happens.


>From Congressman Ron Paul, in his weekly ''Texas Straight Talk'' column on his House of Representatives website, posted on December 14th:


"Because of legal tender laws that force acceptance of the dollar, the Fed has absolute power over the currency. This absolute power is leading to the absolute corruption of our currency. The money supply has doubled in the last year or so, which is extremely dangerous. The banks seem to be hoarding liquidity now but once these dollars make their way into the economy, hyperinflation and economic chaos will be a real possibility.

Every time hyperinflation rips through an economy, the middle class gets completely wiped out. It is very alarming to watch the purchasing power of an entire life savings reduced to that of a few pennies. Those savings represent years of real labor, real time, effort and sacrifice exchanged for corruptible pieces of paper that politicians and bankers can destroy at whim.

Legal tender laws force the people to become subject to this risk for the benefit of the rulers. Artificial demand for currency allows the authorities to create arbitrary amounts of it to pay for wasteful projects, like frivolous wars and an ever-expanding public sector. This saps the private economy of jobs and purchasing power, yet the temptation proves too great for politicians, time and time again. Our government is no different. Although our dollar has taken nearly a century to lose 98% of its purchasing power, the fact that we are all obliged to participate in this slow burn of the economy on pain of imprisonment is anathema to the principles of liberty.''

Buy Silver Coins - Collectors angered as U.S. rations 'silver eagles'

This was an old edition of the Wall Street Journal but deserves a refresh. We often forget the fact that American Silver Eagle Dollars are currently being rationed as a result of a shortage of silver.  Prices for gold and silver have risen since this article. Many are still trying to corner the silver market. Manipulation in both the Gold and silver markets over the past few years has held the markets down. That manipulation has been uncovered and is about to end with a dramatically swift rise in the prices of both of these precious metals.

The price of gold has already hit $1150 per oz and most agree it will rise much further in the next 24 months. Silver is on track to see a dramatic shift upwards since it has been discovered that there is really more aboveground gold by far than there is aboveground silver.  In fact, silver is getting very difficult to find.

The best way to stay ahead of the game at this point is to buy silver coins - either Maple Leaf Silver coins or US Silver American Eagles.  Inflationary forces are building quickly and the US Dollar is rapidly losing its value relative to other world currencies. The only affordable alternative for smaller middle class investors who wish to hold 'real' money (as opposed to fiat cash that loses value every year) is to buy silver coins.

One of the best programs I've seen to date to accumulate American Silver Eagle Coins is to join a silver accumulation affiliate program like Silver Snowball. As you accumulate silver coins every month from the program, you have the chance to earn extra silver coins by attracting people to a company website with your id on it. For every two sales made from your silver affiliate website, you earn one free silver eagle coin. 

To learn more about it click Why Buy Silver Coins Now

Til next time,

Bruce Santucci
Buy Silver Coins


U.S. Begins Rationing Popular 'Silver Eagles"

By Ianthe Jeanne Dugan
The Wall Street Journal
Friday, May 23, 2008

The government rationed food during World War II and gasoline in the 1970s. Now it's imposing quotas on another precious commodity: 2008 dollar coins known as silver eagles.

The coins, each containing about an ounce of silver, have become so popular among investors seeking alternatives to stocks and real estate that the U.S. Mint can't make them fast enough. In March the mint stopped taking orders for the bullion coins. Late last month it began limiting how many coins its 13 authorized buyers worldwide are allowed to purchase.

"This came out of nowhere," says Mark Oliari, owner of Coins 'N Things Inc. in Bridgewater, Mass., one of the biggest buyers of silver eagles. With customers demanding twice as many as they did last year, Mr. Oliari would like to buy 500,000 a week. But the mint will sell him only around 100,000.

The coins have a face value of $1. But the mint sells them for the going price of silver, plus a small premium, to a handful of wholesalers, brokerage companies, precious-metals firms, coin dealers, and banks. The dealers mark the coins up a bit more and sell them to the public.

For Coins 'N Things alone, the shortage is costing hundreds of thousands of dollars in lost sales of silver eagles. The firm sells about $1 billion worth of precious metal every year, including silver, gold, and platinum coins. Mr. Oliari, a 50-year-old numismatist who has been in the business since 1973, sniffs: "You can't print what I want to say about the mint."

The mint, a bureau of the U.S. Treasury, has offered little explanation beyond a memo last month to its dealers. "The unprecedented demand for American Eagle Silver Bullion Coins necessitates our allocating these coins on a weekly basis until we are able to meet demand," the mint wrote. A spokesman declined to elaborate.

... 'Poor Man's Gold'

The rare shortage offers a glimpse into the growing love of a commodity known as "poor man's gold." With more silver mined than gold traditionally, silver has always been far cheaper than gold and today has less than 2% of gold's value.

But silver is growing in popularity, and some investors are betting that its value will surge as inventory shrinks. Big investors are loading up on silver eagles, which are the only American silver coins allowed in individual retirement plans. For small investors, they are an accessible way to get into the metal boom.

"Unlike gold, these coins can be bought by regular citizens," says J.R. Roland, a Brownsville, Tenn., judge who recently began buying the coins -- and trading them on eBay. "In these economic hard times, silver coins are a great way to invest."

In March, sales of silver eagles surged more than ninefold from the previous month, to 1.85 million. This year, the mint has sold 6.8 million, representing more than twice last year's pace. Still, numismatists are clamoring for millions more as the price of silver soars. It has more than doubled in the past three years.

Linda Wood, a 57-year-old Pittsburgh accountant, scours eBay, coin shops, and flea markets in search of silver eagles. One by one, she has accumulated about 300 in the past few months and stores them in a bank safe-deposit box.

Traditional coin collectors may be impressed with the government's written description of silver eagles as "one of the most beautiful coins ever minted." But Ms. Wood isn't in it for aesthetics. She became a silver bug after she and her husband saw the value of their individual retirement accounts decline by $2,500 -- a "significant" chunk. "I just need bullion," she says. "I wouldn't care if the coins were ugly."

Amid the mint caps, shady silver-eagle hawkers are thriving. Mr. Roland says that he had to wait a month after ordering some on eBay recently, because the sellers didn't even have the goods. "I can't wait long, because you never know what's going to happen with the price," he says.

In Manitowoc, Wis., Dan Zirk, owner of Manitowoc Card & Coin, has sold twice as many silver eagles as he did last year. So he has stashed away his remaining handful of 2008 coins, betting the price will rise. He says customers, meanwhile, are asking for earlier years and other forms of silver.

... Lady Liberty

The government began producing silver eagles in 1986, basing its design on Adolph Weinman's 1916 "Walking Liberty" half dollar. The front features a flag-draped Lady Liberty striding toward the sunrise, carrying branches of laurel and oak symbolizing civil and military glory. On the reverse, a design by John Mercanti features an eagle with a shield, olive branch, and talon and arrows.

The coins are made at an armored facility in West Point, N.Y., alongside the military academy. Dealers say they heard the mint had run out of planchets -- round metal disks ready to be struck into coins. The disks are used for various coins, and the companies producing the blanks also are busy, limiting the mint's ability to increase production. The mint won't comment on the planchets.

... Coins Divvied Up

Each Monday morning now, the mint divides its silver coins into two pools. It divvies up the first equally among authorized purchasers. The second is allocated proportionately, based on the buyer's past purchases. The mint limited purchases once before -- in the late 1990s, when investors loaded up on silver, wrongly anticipating that a failure by the world's computers to adjust to the new millennium would cripple the economy.

Jim Hausman, head of the Gold Center in Springfield, Ill., one of eight companies in the U.S. authorized to buy silver eagles, estimates that the rationing will cut his expected annual sales of four million silver eagles in half.

And the result, he says, is almost un-American.

Increasingly, investors are taking a shine to alternatives. The Royal Canadian Mint saw its sales of silver Canadian maple-leaf bullion coins rise 40% last year, to 3.5 million, according to a spokesman.

Some investors expect the craze to end badly. They draw comparisons to what happened to silver in the 1970s. A rich Texas family poured billions of dollars into silver, and prices surged above $50 an ounce in 1980, only to plunge again after government intervention.

"It's akin to what happened when the Hunt brothers tried to corner the silver market," says Wendell Curry, who owns McAllen Gold & Silver Exchange in McAllen, Texas. "The silver hawks are now trying to corner silver American eagles. And it's making it harder for mom and pop to buy these for their grandchildren."

Why Now is the Best Time To Buy Silver Coins

Why Buy American Eagle Silver Dollar Coins?

We all have seen gold prices rise to over $1100/oz in the past month. News pundits everywhere tell us that it is rising as the US Dollar Index (DXY) is falling. But did you know that there is a much larger supply of gold in the world than there is silver? In fact, all the silver in the world could fit into a room that is 36' X 36' X 36'. After all the silver manipulation over the past few decades, industrial markets and investors have finally recognized that silver may be even more precious than gold today.

Investors,out of long-held habit, tend to try to buy gold when they perceive a breakout in the world spot gold index. There's nothing wrong with that. The problem isn't with investors who understand the precious metals markets. The problem lies with most of the remaining populations holding fiat cash created by the Governments of the world. History tells us that as fiat cash is created by government central banks, cash loses its value. So instead of a loaf of bread costing $2.50, the price rises to $3.50 a loaf. It takes more of our cash to buy the same things we are used to buying.

The only solution to protect us from the falling value of fiat currencies like the US Dollar is to use those US dollars to buy precious metals. Precious metals rise as the US dollars falls. I and many others recommend that the middle-class citizen in the US and elsewhere buy US Silver Eagle Dollars while they are still available because of their low cost compared to gold and in order to avoid the many scams that are perpetrated whenever a shortage of something valuable appears.

American Eagle Silver Dollars are congressionally authorized and produced by the United States Mint at West Point, New York and are legal tender coins with a face value of one dollar (though they are worth considerably more since the market price of one ounce of silver has been many times greater than one dollar for more than four decades). Unlike silver medallions, silver bars, or art bars, American Eagles are Official Legal Tender guaranteed by the U.S. Government as to silver weight and silver purity.

Since the first day American Eagle Silver Dollars were released in 1986, they've been the most highly prized and most popular Silver Bullion Coins in the world! Many consider the design of the coin to be one of the most beautiful coins ever produced. Requiring no assaying, American Eagles are easily converted to cash at any time.

The obverse (front) of the coin features Adolph A. Weinman's stunning Walking Liberty design originally used on U.S. Silver Half Dollars from 1916 through 1947. The reverse design is a rendition of a heraldic eagle by John Mercanti and also features a shield, with 13 stars, representing the 13 original American colonies, positioned above the eagle's head. Highly prized for their historical beauty and pure silver content, American Eagle Silver Dollars are the largest Silver Dollars ever issued by the U.S. Mint. (These are impressively large and substantial coins.) By law, each coin contains one full troy ounce of pure silver. Each coin contains 1.0000 troy ounce of 99.9% pure silver and is 40.6 mm (1.598 inches) in diameter.

Every Silver Eagle is a work of art, minted to exacting standards by the United States Mint. These classic coins are among the most affordable ways to own government minted bullion coins.

These coins are commonly used as investments or gifts or collected or as protection in case of national disasters or bank failures. (SILVER COINS ARE STANDARD RECOMMENDATIONS FOR ALMOST ALL SURVIVAL AND NATIONAL DISASTER SITUATIONS WHEN BANKS MAY FAIL OR CLOSE AND PAPER MONEY IS USELESS - ONLY SILVER AND GOLD IS ACCEPTED EVERYWHERE IN EVERY EMERGENCY.)

The world economic crisis we are currently warming up to qualifies as the perfect time to buy silver coins. Accumulating American Eagle Silver coins a little at a time as this situation unfolds is one of the smartest things American citizens can do to protect themselves from the results of a hyperinflationary episode where cash money becomes virtually worthless. Buying silver coins assures you won't be a victim during the next 5 years of the forced US Dollar devaluation in progress now.

One of the best ways to accumulate American Eagle Silver Coins is to particpate in a reputable silver coin accumulation program like the one at Silver Snowball. Click Buy Silver Coins for more information. The best part of what they are doing is their affiliate program that allows you to share what you know with others in order to earn extra Silver Eagles. Every two orders at your free website earns you a free Silver Eagle. It's the only program of its kind currently online.

There is a shortage of silver in the world today. Silver is consumed and is a store of value. Gold is primarily a means of storing value but is not consumed like silver. What's left of our silver supply will at some point during the next two years be more highly valued than ever because of the US Government and Treasury fiscal policies. Those who own physical real money will thrive, those who continue to depend on credit and cash will sorely regret their short-sightedness. Buy silver coins now - while you still can.

Congress Must Repeal the Federal Reserve Act of 1913

All right, things are getting serious. Like dominos, our financial institutions are failing and the Federal Reserve Bank is also in danger of failing. It's survival hangs on the continuing faith of the United States Citizenry to continue to allow it to fabricate money from nothing for its own ends. The Fed is not a Government-owned institution. It is in fact comprised of a consortium of Banks that include Chase Manhatten and two other US banks. These US banks own 35% of the Fed. The other owners include foreign banks who own the other 65% of the Fed. Something has to be done to save the United States and the one thing we can do to start anew is by requiring Congress to Repeal the Federal Reserve Act of 1913 and put money creation back into the hands of the Congress and therefore the people of the United States. The Federal Reserve is unconstitutional and illegal. Those who cannot see it are simply blind. Those who defend it do so because their way of life depends on it.

Here is a blog or website I found that does a good job explaining exactly how and why and by whom the Federal Reserve was created:

The Sad Story Of The Privately Owned Federal Reserve Bank

Document 100.1.2.1.0......27 of 38.....

WE BET YOU DO NOT KNOW
The Sad Story Of The Privately Owned Federal Reserve Bank
"The money powers prey upon the nation in times of peace and conspire
against it in times of adversity. It is more despotic than a monarchy, more
insolent than autocracy and more selfish than a bureaucracy. It denounces,
as public enemies, all who question its methods or throw light upon its
crimes. I have two great enemies, the Southern Army in front of me and the
bankers in the rear. Of the two, the one at the rear is my greatest foe."
PRESIDENT ABRAHAM LINCOLN - 1866

"We have given the People of this Republic the greatest blessing they have
ever had-their own currency to pay their own debts." (No privately owned
Federal Reserve or other central bank)
PRESIDENT ABRAHAM LINCOLN - 1867

"The high office of the President has been used to foment a plot to destroy
the Americans freedom and before I leave office I must inform the Citizen of
his plight."
PRESIDENT JOHN F. KENNEDY(10 days before he was murdered)

"Like it or not, you are a slave. You admit you are a slave every April
15th! That's when you sign forms that "voluntarily" lay bare to the
government the most private details of your life! And few people realize
the income tax is a slave tax. It can never be compatible with the life of
a free people.
ALAN KEYES - Republican Nominee for President

YOU OWE IT TO YOURSELF AND YOUR COUNTRY TO LEARN HOW EASILY AND QUICKLY MOST
OF AMERICAS PROBLEMS COULD BE SOLVED.
WHO OWNS THE PRIVATELY OWNED FEDERAL RESERVE?
The privately owned Federal Reserve is not a government agency. The
privately owned Federal Reserve Bank (The Fed) is privately owned by a group
of primarily foreign bankers. In 1913, Congress sank America into eternal
debt by giving the power to issue currency and control the American economic
system to the privately owned Federal Reserve Bank. Who are the owners or
chief shareholders of the privately owned Federal Reserve? Originally,
there were reportedly 203,053 shares of privately owned Federal Reserve
stock, of which approximately 65% were owned by foreigners and approximately
35%(72,000 shares) were:
1. Rockefellers' National City Bank = 30,000 shares
2. Chase National = 6,000 shares (currently Chase Manhattan and owned by
David Rockefeller)
3. The National Bank of Commerce = 21,000 shares (now known as Morgan
Guaranty Trust)
4. Morgans' First national Bank = 15,000 shares
Interestingly, the total shares owned by Rockefellers interests equal
36,000 shares and the total of Morgans' equals 36,000 shares.
Although the privately owned Federal Reserve Act of 1913 provided the names
of the owner banks be kept a secret, R.E. McMaster, publisher of the
newsletter" The Reaper" discovered, through confidential Swiss banking
connections, that the following banks have controlling interest in the
privately owned Federal Reserve
1. Rothschild Banks of London and Berlin
2. Lazard Brothers Bank of Paris
3. Israel Moses Sieff Banks of Italy
4. Warburg Bank of Hamburg, Germany and Amsterdam
5. Kuhn Loeb Bank of New York
6. Lehman Brothers Bank of New York
7. Goldman Sachs Bank of New York
8. Chase Manhattan Bank of New York (Controlled By Rockefellers)

In his impeccably researched book "Secrets of the Privately Owned Federal
Reserve", Eustace Mullins states: "Because the privately owned Federal
Reserve Bank of New York sets interest rates and controls the daily supply
of price of currency throughout America, the owners of that bank are the
real directors of that whole system. These shareholders have controlled our
political and economic destinies since 1913." Those shareholders making up
Mullins' list are almost identical to the one compiled by the Swiss banking
source.
1. The Rothschild's
2. Lazard Freres (Eugene Mayer)
3. Israel Sieff
4. Kuhn Loeb Company
5. Warburg Company
6. Lehman Brothers
7. Goldman Sachs
8. The Rockefeller family and J.P. Morgan interests

Sounds like a real group of American Patriots, doesn't it!
THE INVISIBLE GOVERNMENT
The day before the privately owned Federal Reserve Act passed, Congressman
Charles Lindberg Sr. said: "The money trust deliberately caused the 1907
money panic and thereby forced Congress to create a National Monetary
Commission which led to the ultimate creation of the privately owned Federal
Reserve Bank. The Federal Reserve Act establishes the most gigantic
monetary trust on earth. When the President signs the bill, the invisible
government of the Monetary Powers will be legalized. The people must make a
declaration of independence to relieve themselves from the Monetary Powers,
by taking control of Congress!... 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!" How did the monetary powers manipulate the passage of the
Federal Reserve Act?
Senator Nelson Aldrich was named as chairman of the Monetary Commission,
which was like naming a cat to design the canary cage. Aldrich was the
maternal grandfather of Nelson Aldrich Rockefeller of Standard Oil and Chase
Manhattan Bank, through the marriage of his daughter, Abby Greene Aldrich to
John D. Rockefeller Jr. The Rockefellers have been the largest
beneficiaries of the privately owned Federal Reserve Bank. The chief
architect of the plan was Paul Warburg, a Rothschild agent who was salaried
at $500,000.00 a year (equivalent to about 5 million dollars today).
Another member of the monetary commission was Jacob Schiff of Kuhn-Loeb and
Co., who helped finance the Bolshevik revolution in Russia with a $20
Million contribution. Schiff was born in a home shared with the Rothschild'
s in Frankfurt, Germany.
On November 22, 1910, Aldrich and the rest of the Monetary Commission met
at a private hunting club of J.P. Morgan on Jekyll Island, Georgia, to draft
a bill that would put the economic future of the United States into the
hands of a few private Money Powers. The original bill was the highly
unpopular Owen-Glass Bill. The name of the bill was later changed to the
Federal Reserve Act. The timing of the vote for the Federal Reserve Act was
engineered by its promoters. It was passed hastily in effort to break for
Christmas on December 23, 1913, while the majority of opposing Congressmen
were on Christmas vacation. Then, when elected, the banker financed
Woodrow Wilson immediately signed the Federal Reserve Act.
Within months of starting the privately owned Federal Reserve, individual
Income Taxes were created to pay for this new bankers' interest expense.
The taxes of American Citizens pay the interest on all new "debt
certificate" currency and credit issued by the privately owned Federal
Reserve. Where does the privately owned Federal Reserve spend the mass
profits it extorts from the labor of our People? Dr. Antony Sutton, author
of "Wall Street and the Bolshevik Revolution" (Arlington House Publishers,
Rochelle, N.Y., 1974), provides some insight. He conducted exhaustive
research through American, Canadian and German government archives and
discovered solid evidence, which he painstakingly documented, proving that
many American Capitalists, primarily the JP Morgan (US Steel) interests
provided financial support for the Bolshevik Revolution in Russia.
Also, William B. Thompson, Director of the US Federal Reserve Bank of New
York, provided the Bolsheviks significant monetary support. Dr. Sutton
stated "If Thompson had not been in Russia in 1917, subsequent history might
have followed quite a different course. Without the financial, diplomatic
and propaganda assistance given by Thompson and his associates to Trotsky
and Lenin, The Bolsheviks may well have quickly withered away.
MONEY FROM NOTHING
Ask yourself this question, "If you were given a monetary printing press
and a legal contract to print and issue all the money you would ever need to
run your household at no cost to you, would you, instead, give that printing
press and contract to a banker and agree to borrow your money from him, to
be repaid in full with interest?" I don't think so. The government has
done exactly that. The most awesome power America has is the power to
CREATE, using as collateral the future productivity of its Citizens, all of
the currency and credit we would ever need to run our government,
prosperously! Instead, America has legislated away this priceless power of
monetary and credit creation to a group of primarily foreign, self-serving
bankers! According to the Supreme Court, this transfer of power is in
direct violation of the law.
"Congress may not abdicate or transfer to others its legitimate functions"
Schechter Pultry v U.S. 29 U.S. 495, 55 U.S. 837.842 (1935) Following is a
simplified explanation of the inane method in which currency
and credit is currently created in the United States. This system benefits
a few elitists at an exorbitant cost to We the People! The average American
contributes one third of his hard earned dollars to support this corruption!
Let's say, for example, that to carry out its legitimate functions, the
United States needs $300 billion in credit and $100 million in currency :
1. The U.S. Bureau of Printing and Engraving at the U.S. Treasury is
instructed to print $100 million in Federal Reserve Notes, as currency for
the privately owned Federal Reserve.
2. The privately owned Federal Reserve System pays the U.S. Bureau of
Printing and Engraving $20.60 per 1000 bills it prints! That is
approximately two and a half cents for each bill, regardless of their face
denomination, ie. $1, $5, $10, $20, $50, $100 bill. WHAT A DEAL!!
3. Next, the United States orders the same U.S. Bureau of Printing and
Engraving to print $300 billion, $100 million worth of U.S. Treasury Bonds.
4. The privately owned Federal Reserve then purchases $100 million of U.S.
Treasury Bonds (redeemable at full face value plus interest) from the United
States. To pay for these, the Fed uses the privately owned Federal
Reserve Notes that they just purchased for two and a half cents per bill!
Next, the privately owned Federal Reserve purchases the other $300 billion
in U.S. Bonds with a simple ten second computer entry that transfers $300
billion in "credit" into the United States' Treasury account. Where did the
privately owned Federal Reserve System get the $300 billion? It created it
from NOTHING.
The People are then obligated to repay the privately owned Federal Reserve,
with their tax dollars, at full face value, plus interest (which is
converted to gold at par, through the International Monetary Fund). The
privately owned Federal Reserve Notes and federal government credits were
created for virtually nothing.
Conversely, the repayment of just the interest on these bonds requires a
Citizens' physical labor from approximately January 1st until May 1st and
giving 100% of their substance to the privately owned Federal Reserve. What
does the privately owned Federal Reserve or the federal government give back
to We the People in exchange for the sweat of our brow? NOTHING! ZIP! NADA!
That constitutes servitude without just compensation.
COST TO WE THE PEOPLE: $300 Billion, $100 Million, plus continuously
compounding interest.
COST TO THE PRIVATELY OWNED FEDERAL RESERVE: About $26,000

"PERMIT ME TO CONTROL THE CURRENCY OF A NATION AND I CARE NOT WHO MAKES ITS
LAWS!" Baron de Rothschild
THE POWER OF MONETARY AND CREDIT CREATION
Where does the privately owned Federal Reserve get its money? IT CREATES IT
FROM THIN AIR!
The privately owned Federal Reserve has created a debt based economy. It
creates nothing. Every dollar that America spends, it borrows from someone
else. Every privately owned Federal Reserve note in your wallet is nothing
more than a debt certificate. America has given its greatest power,
monetary creation, to the privately owned Federal Reserve.
MONEY FACTS: House Banking and Currency Committee, 1964, pp. 9, states:
"The privately owned Federal Reserve Banks create Federal Reserve Notes out
of thin air to buy government bonds from the United States
Treasury by lending into circulation at interest and by bookkeeping entries
of checkbook credit to the United States Treasury. The Treasury writes up
an interest bearing bond for one billion dollars. The privately owned
Federal Reserve gives the Treasury a one billion dollar credit for the bond,
it has created from nothing. This is one billion dollar debt which the
American people are obligated to pay full, with interest."
A publication called, "PUTTING IT SIMPLY", by the Boston Federal Reserve
Bank, sums it up as:
"When you or I write a check there must be sufficient
funds in our account to cover that check, but when the privately owned
Federal Reserve writes a check, it is CREATING money."
LOGIC ECONOMICS
In reality money is not created from thin air. The backing or value of the
dollar does NOT exist at its creation, but by its redemption. It is not
gold or silver that backs our currency but the willingness by the American
people to exchange that currency for raw materials, goods, services,
manpower and brainpower! In other words, the REAL collateral behind the
dollar is the American Peoples productivity. This is a commodity in which
America is extremely rich in! If you use currency to buy food, it is the
food that gives the currency value. The food has value without the
currency, but the currency has no value without the food or other valuable
substance or service. The creator of the currency merely prints "Notes"
that we exchange among each other for goods and services. Currency is,
simply put, barter certificates. Although gold and silver, because of their
intrinsic value, are an excellent hedge against FED engineered inflation. It
is the productivity of the American people that gives currency its
purchasing value. If we all refused to use privately owned Federal Reserve
notes for our exchanges, the Feds currency would have absolutely NO VALUE.
Someone has to create currency if we are to have a medium of exchange other
than direct bartering. The biggest mistake in American history was to give
this awesome creative power to the privately owned Federal Reserve! Because
it is the productivity of the people that is collateralizing the currency,
it should be
the people that benefit by its creation. the Congress should immediately
take back the power of legislative monetary and credit creation, with
safeguards, for the benefit of prosperity of the American People!
THE LINCOLN ASSASSINATION
John Wilkes Booth, who assassinated Lincoln, was a member of the Knights of
the Golden Circle which was controlled by the bankers. Bismark, the
Chancellor of Germany, made the following comments about the death of
Lincoln. "The death of Lincoln was a disaster for Christendom. There was
no man in the United States great enough to wear his boots and the bankers
went anew to grab the riches. I fear that foreign bankers with their
craftiness and tortuous tricks will entirely control the exuberant riches of
America and use it systematically to corrupt modern civilization."
THE NATIONAL BANKING ACT OF 1863
After Lincolns' unborrowed Greenbacks were sufficiently and
falsely discredited by inflation creating shenanigans of the bankers, the
Greenback Act was revoked and replaced by the National Banking Act of 1863.
Americans, once again, became the servants of the monetary powers! The
National Banking Act of 1863 was passed after Salmon P. Chase, Secretary of
the Treasury, and the Congress succumbed to the pressure of the bankers.
Initially, the Greenbacks and Bank Notes were both utilized as
currency. However, after President Lincolns' assassination, the end of the
Greenback came with an Act passed on April 12, 1866. This banker supported
Act authorized the Secretary of the Treasury to sell bonds and use the
proceeds to retire all United States currency, including the Greenbacks. At
a time when the money supply should have been increased to reconstruct the
United States after the civil War, the money powers, instead contracted it
over the next ten years, as more and more money was destroyed and not
replaced. Bankruptcies and business losses soared! this was because when
money is scarce, banks loan fewer and fewer businesses the money they need
to stimulate the economy. Then the businesses lay off workers, who lose
their homes because they can't make their mortgage payments. The bankers
then make a clean sweep with property foreclosures, picking up businesses
and citizens property for pennies on the dollar. They have created credits
out of thin air and converted them into real property! This is exactly what
is happening today, on an even more disastrous scale. Now the bank goes
bankrupt, the FDIC (a federal government agency) seizes the bank. Then when
the federal government can no longer make its interest payments, the
privately owned Federal Reserve and International Monetary Fund will seize
the assets of the federal government. Businesses and private homes
ultimately end up in the hands of the International Government..... no
private ownership, no free enterprise... instant socialism without a shot
fired! Like others who sold out their Country to the bankers before him,
Secretary of Treasury, Chase, had a stab of conscience before dying stating:
"Promoting the National Bank Act, through my agency, was the greatest
financial mistake of my life! It has built up a monopoly which effects
every interest in the country. It should be repealed." Without a doubt, if
America is to be saved, the Federal Reserve Act must also be repealed! It
is more corrupt and detrimental to America than any Banking Act in history!
How have the monetary powers managed to buffalo the Congress and the People
for so long? Following is an example of the smoke-screen propaganda created
by the bankers and fed to Congress. This is the type of ridiculous rhetoric
that has kept banking vultures in power for over 80 years!
House of Representatives 88th Congress, 32nd Session ".....it has
long been one of the political facts of life that private banks must be able
to create the lions' share of the money, if not all the money. Thus there
is little opposition to the government's printing bonds and then permitting
the banks to create the money with which to buy these bonds; but proposals
that the government itself create the money instead of the bonds have always
set off tremendous political upheavals (among who? Other bankers!) Bankers
are politically very powerful. For example,
Abraham Lincoln set off a political furor when he insisted upon having the
government issue $346 million dollars instead of issuing interest-bearing
bonds and paying interest.
A free thinking American might ask, "Why is this ridiculous
policy of giving the banks power to create money out of thin air to buy U.S.
Treasury Bonds at full face value plus interest a political fact of life!"
It is the American workers tax dollars that must pay the interest and
eventually the full principal on these bonds! Who was setting off these
political upheavals? Certainly not the Americans who would no longer have
to pay income taxes... not the Americans who would no longer have their hard
earned dollars eaten away by the rampant inflation we have experienced since
the FED took over our monetary system in 1913...It is not the American
People who have had all their gold and silver stolen by the FED and who
would, without a doubt, be the greatest beneficiaries of a debt free
currency. Of course, it was and still is, the ulterior motivated FED
banking powers themselves and the corrupt pockets they are filling who are
creating this furor.
Why are they so "furious"? The answer appears in this
editorial which appeared in the London Times, a paper controlled by the
Rothchild banking dynasty. It was written at the time Lincoln was taking
action to create an un-borrowed currency. READ THIS MORE THAN ONCE.. Its
"arguments" summarize the magnificent benefits of creating Americas' own
debt-free un-borrowed currency! These are the exact reasons that our
Country SHOULD create a currency and credit of its own.
QUOTE: If this mischievous financial policy (of creating a debt-free
currency), which has its origin in the American Republic, shall become
permanent, then that government will furnish its own money without cost! It
will pay off its debs and be without debt. It will have all the money to
carry on its commerce. It will become prosperous without precedent in the
history of the world. The brains and the wealth of all countries will go to
America. That government must be destroyed or it will destroy every
monarchy on the globe! END QUOTE.
A debt-free American Currency would be a sad day in the
history of the monetary powers. However, it would be the happiest day in
the history of America! Logic confirms that America must have its own
debt-free, unborrowed currency. Ultimately, to be lawful money, it must be
backed by gold and silver: but even un-backed debt-free American Currency
is superior to un-backed privately owned Federal Reserve debt Notes!
LINCOLN DEFIES THE BANKING VULTURES!
When the civil war was instigated, the Union originally looked to the
European Bankers to loan them money to finance the war. Thinking they had
Lincoln at their mercy, they overstepped themselves by demanding 24%-36%
interest. This was Lincoln's opinion of bankers: "The money powers prey upon
the nation in times of peace and conspire against it in times of adversity.
It is more despotic than a monarchy, more insolent than autocracy and more
selfish that a bureaucracy. It denounces, as public enemies, all who
question its methods or throw light upon its
crimes. I have two great enemies, the Southern Army in front of me and the
bankers in the rear. Of the two, the one at the rear is my greatest foe."
Angered at the bankers, in Acts of February 25th and March 4th, 1862,
Abraham Lincoln persuaded Congress to authorize the U.S. Treasury to issue
$450 million dollars in United States Notes (currency) to finance the Civil
War. These issues of currency were full legal tender and debt-free and
interest-free. Because of the green ink used on the back of these bills,
they were called "greenbacks." Lincoln not only [ as an aside action ]
freed Black Americans from human slavery, he temporarily freed all Americans
from monetary slavery!
After the Congress passed this powerful law, Lincoln said this:
"We have given the People of this Republic the greatest blessing they have
ever had, their own currency to pay their own debts." A debt-free currency
was a blessing for Americans and the "kiss of death" for the world bankers.
The bankers fought back furiously with incredible amounts of money!
It is a fallacy to think, as many do, that the greenbacks were
inflationary. This was propaganda, again used by the money powers to
erroneously convince the people a national currency was destructive.
Following is a summary of their tactics. Within four days of the issuance
of the greenbacks, outraged bankers met to propose a scheme to lobby
Congress to strip the Greenbacks of their full legal tender status. They
succeeded by influencing Congress to add an "Exception Clause" to the law.
This clause required that duties on imports and interest on the public debt
(owed to the bankers) could be paid only in gold. The bank then added a
185% surcharge on the price of gold purchased with Greenbacks! This meant
importers had to exchange $285 dollars in greenbacks for $100 dollars worth
of gold! This exchange, in itself, made the People think that Greenbacks
must be inflationary. Of course, the
importers then had to take this 185% increase and add it to the cost of
their goods. This resulted in dramatic price increases causing People to
falsely believe the Greenbacks were inflationary. It was the bankers and
their outrageous surcharges on Greenbacks that created the price increases.
NOT THE GREENBACKS!
The Prosperity Of UnBorrowed Currency and Credit. There were a few times
in history that nations used the power of creating an unborrowed currency to
eliminate their debts and bring their country into prosperity. However,
when the nations stopped borrowing money from the world bankers, a furor
was always created, not among the People but among the banking vultures.
The bankers would use their vast sources of money and power to artificially
engineer problems that they could blame on the unborrowed currency!
When Henry I became King of England in 1100 A.D., he found the treasury
completely empty. England's entire supply of gold and silver had gone with
the Crusaders to Palestine. Rather than borrow money from world
banks, he issued into circulation Englands' own unborrowed currency called
"tallies". That was the richest time in England 's history. There was no
debt, no interest, and no inflation. For almost 700 years, England used
this unborrowed money created and issued by the King. This caused a
prosperous utopia for the working people of England. This is the
unprecedented period in the history of creative genius known as the
Renaissance. The death toll for the prosperous Renaissance era came in 1694
when King William of Orange granted a charter to William Paterson and his
world banker associates to establish the Bank of England as a fractional
reserve central bank. The Bank of England has had a direct bearing on
banking in America.
The roots of our War of Independence can be traced back to the Kings
objection to the creation and issuance by the colonies of their own paper
money, beginning with 7000 pounds issued by Massachusetts in 1690, and
culminating with the issue of 'Colonials' as an unborrowed currency by the
Continental Congress. In 1763, Benjamin Franklin was in England and was
asked to explain why the colonies were so prosperous, while England was
suffering. He said "That's simple. It's only because in the Colonies we
issue our own money called 'Colonial Script'.
When this conversation got back to the Bank of England, they forced
England's Parliament to pass a Bill prohibiting the Colonies from issuing
their own money. Franklin said "Within one year from the date Parliament
passed this Bill, the streets of the Colonies were filled with unemployed
Americans." Later he stated that the War of Independence was caused by
taking away the Citizens' unborrowed Colonials. In Franklins' words "The
Colonies would gladly have borne the little tax on tea and other matters,
had it not been that England took away from the Colonies their money, which
created unemployment and dissatisfaction." During the war, a new unborrowed
currency called "Continentals" was issued.
THE DEBAUCHED CONTINENTALS
The English then debauched (corrupted) the Continentals by bringing in
massive shiploads of counterfeit Continentals to the colonies. This caused
a significant "overabundance" of money in circulation, which created
inflation. Although who creates the currency has no effect on inflation,
too much currency in circulation, competing for identical goods and services
can competitively increase prices.
The People did have 73 years of debt free prosperity before the English
bankers and their engineered inflation succeeded in debauching their debt
free currency! Thomas Jefferson once stated that if he could change just
one part of the Constitution, it would be to prohibit the United States from
borrowing!

THE BOAZ TRUST
777 River Run Road
Canton, North Carolina 28716
http://www.1040taxfree.com/FederalReserve.htm

Subject: JFK vs. The Federal Reserve.
"The high office of the President has been used to foment a plot to
destroy the Americans freedom and before I leave office I must inform the
Citizen of his plight." PRESIDENT JOHN F. KENNEDY(10 days before he was
murdered)
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. The
Christian Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress and can now safely
conclude that this Executive Order has never been repealed, amended, or
superceded by any subsequent Executive Order. In simple terms, it is still
valid.
When President John Fitzgerald Kennedy - the author of Profiles in
Courage -signed this Order, it returned to the federal government,
specifically the Treasury Department, the Constitutional power to create and
issue currency -money - without going through the privately owned Federal
Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed
further below] 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. "United States Notes" were issued as an interest-free and
debt-free currency backed by silver reserves in the U.S. Treasury.
In the illustrations below, a "Federal Reserve Note" issued from the
private central bank of the United States (the Federal Reserve Bank a/k/a
Federal Reserve System), is compared with a "United States Note" from the
U.S. Treasury issued by President Kennedy's Executive Order. They almost
look alike, except one says "Federal Reserve Note" on the top while the
other says "United States Note". Also, the Federal Reserve Note has a green
seal and serial number while the United States Note has a red seal and
serial number.
President Kennedy was assassinated on November 22, 1963 and the United
States Notes he had issued were immediately taken out of circulation.
Federal Reserve Notes continued to serve as the legal currency of the
nation. According to the United States Secret Service, 99% of all U.S. paper
"currency" circulating in 1999 are Federal Reserve Notes.
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. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new "money". Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
worth something.
Again, just five months after Kennedy was assassinated, no more of the
Series 1958 "Silver Certificates" were issued either, and they were
subsequently removed from circulation.
Perhaps the assassination of JFK was a warning to all future
presidents not to interfere with the private Federal Reserve's control over
the creation of money. It seems very apparent that President Kennedy
challenged the "powers that exist behind U.S. and world finance". With true
patriotic courage, JFK boldly faced the two most successful vehicles that
have ever been used to drive up debt: 1) war (Vietnam); and, 2) the creation
of money by a privately owned central bank. His efforts to have all U.S.
troops out of Vietnam by 1965 combined with Executive Order 11110 would have
destroyed the profits and control of the private Federal Reserve Bank.

Subject: DOLLARS ??????? Date: 09 April, 2002 5:01 PM
The following are excerpts from "MONEY FACTS 169 Questions and Answers on
Money - A Supplement to A Primer on Money", prepared by the Subcommittee on
Domestic Finance, House of Representatives, 88th Congress, 2d Session:
Question 1 - "Who has the right to create money in the United States?"
Answer - "Under the Constitution, it is the right and duty of Congress
to create money. It is left entirely to Congress."
Question 2 - "To whom has the Congress delegated this money-creating
right?"
Answer - "To the banking system, that is, to the Federal Reserve
System and to the commercial banks in the country."
Question 6 - "Does Congress supervise Federal Reserve policymaking?"
Answer - "No. In practice, the Federal Reserve is "independent" in its
policy-making. The Federal Reserve neither requires nor seeks the approval
of any branch of Government for its policies. The System itself decides what
ends its policies are aimed at and then takes whatever action it sees fit to
reach those ends."
Question 7 - "What problems are raised by an "independent" Federal
Reserve?"
Answer - "There are two major problems. One is the problem of
political responsibility for the country's economic policies. The other is
the problem of final control over the Government's action in the economic
sphere."
Question 8 - "What is the problem of political responsibility?"
Answer - "Since the Federal Reserve is independent it is not
accountable to anyone for economic policies it chooses to pursue. But this
runs counter to normally accepted democratic principles. The President and
Congress are responsible to the people on election day for the past economic
decisions. But the Federal Reserve is responsible neither to the people
directly nor indirectly through the people's elected representatives. Yet
the Federal Reserve exercises great power in controlling the money-creating
activities of the commercial banks."
Question 35 - "Has the United States gone off the gold standard?"
Answer - "Yes, except in its international transactions."
Question 38 - "To whom does the Constitution give the power over
money?"
Answer - "The Congress. The Constitution provides "the Congress shall
have power to coin money, regulate the value thereof." The Supreme Court has
interpreted this clause, again and again over a period of 150 years, to mean
that "whatever power there is over the currency is vested in Congress."
Question 41 - "What is fractional reserve method of banking?"
Answer - "The fractional reserve method of banking originated with the
goldsmiths - the predecessors of our present bankers. It is the method of
banking used today. Briefly, it is a system whereby bankers maintain as
reserves only a fraction of the amount needed to meet all claims against
them. (The vast bulk of the claims against the banks are the deposits you
and I hold. These are obligations which the bank must pay on demand.) The
goldsmiths struck upon this method by noticing that the people who deposited
gold with them for safekeeping only claimed a small portion of this gold at
any one time. Therefore, the goldsmiths realized that they could lend out a
good portion of the gold left with them. They then made loans, which in fact
were not gold but warehouse receipts for gold. These receipts circulated as
money. Notice, the gold - actually certificates of ownership - being loaned
by the goldsmith was not his to lend. He did not own it, In other words, the
goldsmith wrote receipts to people who were not depositing gold, i.e. to
borrowers. So receipts for more gold meet the claims against him. This is
the fractional reserve system. When the banks of the United States kept
their reserves in gold, their reserves amounted only to a small fraction of
the amount of money they had issued, all of which was guaranteed to be
redeemable in gold."
[Editor's note: Could this be the reason many goldsmiths were taken out to
a tree and hung, when the people discovered the fraud that had been
perpetrated upon them?]
Fraud - "A false misrepresentation of a matter of fact, whether by words or
by conduct, by false or misleading allegations, or by concealment of that
which should have been disclosed, which deceives or is intended to deceive
another . . . A generic term, embracing all multifarious means which human
ingenuity can devise, and which are resorted to by one individual to get
advantage over another by false suggestions or by suppression of the truth,
and includes all surprise, trick, cunning, dissembling, and any unfair way
by which another is cheated . . . `Bad faith' and `fraud' are synonymous,
and also synonymous of dishonesty, infidelity, faithfulness, perfidy,
unfairness, etc. . . ." (Black's Law Dictionary, 6th Edition)
Question 47 - "Where does the Federal Reserve get the money with which
to create bank reserves?"
Answer - "It doesn't `get' the money, it creates it. When the Federal
Reserve writes a check, it is creating money . The Federal Reserve is a
total moneymaking machine. It can issue money or checks. And it never has a
problem 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 Printing and Engraving to print them."
Question 69 - "If the Government can issue bonds, why can't they issue
money and save the interest?"
Answer - ". . . There is little opposition to the Government's
printing bonds and then permitting the banks to create the money with which
to buy those bonds; but proposals that the Government itself create the
money instead of the bonds have always set off tremendous political
upheavals. For example, Abraham Lincoln set off a political furor when he
insisted upon having the Government issue $364 million in money, the
so-called "greenbacks" instead of issuing interest-bearing bonds and paying
interest on the money."
Question 70 - "If the Government issued more money instead of
Government bonds, isn't there a danger that the Government would issue to
much money and cause inflation?"
Answer - "No. It is no more or less inflationary for the private banks
to create $1 billion of new money than it is for the Government to create $1
billion of new money . . ."
Question 91 - "What are the sources of revenue of the Federal
Reserve?"
Answer - "By far the largest is interest on its holdings of U.S.
Government securities. This accounts for almost 99 percent of the Federal
Reserve income."
Question 125 - "Do private banks enjoy a special relationship with the
Federal Government?"
Answer - "Yes, a very special relationship. The business of banks is
to lend money. The profits comes from the difference between the cost of
creating money and the price they charge borrowers for that money. Now the
cost of creating money is negligible . . . The banks do not pay a license
fee or a payment charge for their reserves. Thus the raw materials the banks
use cost them nothing . . . Further, the Federal Government provides private
banks with the protection from competition and the hazard of failure."
Question 131 - "Do private banks perform a service in buying
Government bonds?"
Answer - "No, because they create the money - an obligation of
Government - simply to buy bonds guaranteed by the Government. There is no
risk involved . . . Their reward for buying bonds with money they create is
the "subsidized" profits they enjoy."
Question 132 - "What is the burden of U.S. Government bonds, held by
the private banking system?"
Answer - "The burden is the heavy bond interest payments, borne by the
taxpayers, that go to private bankers when the same amount of money could be
created by an agency of the government. Then the taxpayers would not bear
this tremendous cost on Government bonds purchased with the reserves given
to private bankers."
Question 161 - "Are the effects of money policy so unique that the
monetary policymakers need to be free from all accountability?"
Answer - "No. It is hard to see what is so mysterious about monetary
policy. Everyone is affected by tax and expenditures and by foreign policy.
In both areas, the Government must take `unpopular action.' Raising taxes is
unpopular. Sending men to fight in Korea is unpopular. No one suggests that
we should have an independent `defense policy board' or an independent `tax
policy board.' Why then an independent money policy board?"
Question 163 - "Is the Federal Reserve independence inefficient?"
Answer - "Absolutely . . . It is pure luck if the motor is not
constantly stalling. We have not always been lucky. This is no way to run
economic policymaking . . . Controlling the economy should come from one,
and only one source - which must be the Congress in our democracy."
The following are excerpts from "MONEY FACTS 169 Questions and Answers
on Money - A Supplement to A Primer on Money", prepared by the Subcommittee
on Domestic Finance, House of Representatives, 88th Congress, 2d Session:
Question 164 - "Is the trustee notion of monetary policymaking alien
to America democracy?"
Answer - "Of course. The claim that the people do not know what is
good for them, and therefore a small group of men should be given the power
to make decisions and then to take action without being held accountable to
the people is 100 percent undemocratic. The essence of democracy is that the
people decide for themselves, through their elected officials, what is good
or bad for them. Further, to give monetary control to a group like the
Federal Reserve is to hand over enormous power unfettered by responsibility
to anyone. In a democracy, especially the American form, the holders of
power, almost without exception, are responsible to the people, through
their elected officials in the use of this power. The Federal Reserve's
ideas that they should be considered trustees rather than stewards runs
counter to anything that Americans have believed about power and
responsibility since the founding of the Republic."
Question 165 - "Who favors Federal Reserve independence?"
Answer - "The private banks who control the System, together with some
allies - notably, Wall Street newspapers and other members of the financial
community."
If you think you have money in the bank, check this conversation out.

Note: [ Of special interest to our Brothers in England ] As goes our
nation in the push by the Socialist Council on Foreign Relations, so goes
the rest of the "free" world. The CFR through its enforcement arm, the
Communist United Nations, will eventually eliminate all freedom in this
world. Only you and I can stop it. Removing the funding provided directly
by the US Taxpayer (all of our income taxes go out of the country) will be a
huge blow to the Elitists who seek to be the world dictator thru the UN.

We have a Constitution and our Bill of Rights (the first 10 amendments) that
makes us free. Right? Then visit:
http://www.trimonline.org http://www.getusout.org
http://www.thenewamerican.com http://www.givemeliberty.org
http://www.jbs.org Http://www.getawarrant.com
Then take a look at these sites: http://www.dixierising.com
http://www.dixienet.org http://www.palmetto.org
http://www.southerncaucus.org http://www.spofga.org
http://www.southern-style.com http://www.nca.mybravenet.com
{ Only Notes 1 & 2 are duplicates of previous messages text. All text
preceding these notes is new. }
NOTE # 1: This is the TWENTY SEVENTH doc in a string of about 38 regarding
the Income Tax, How it was illegally forced upon us, the collusion of
various nation banks, including The Bank of England, the Banks of Europe,
the Banks of the USA that make up the Non-Government organization known as
the Fed and the bankers themselves dedicated to making this a Socialist
Nation. As David Rockefeller reportedly said in 1973 when he and others
formed the Trilateral Commission, "We will have this a Socialist Nation by
the end of the year 2000." Well, with the help of our past Communist
President, he damned well nearly did it. If Comrade Gore had been elected,
it would be now! The last doc in this series is a plan that was presented to
President Bush when he visited Florida recently. It was put directly into
his hands. He has not acted upon it. We The People must initiate a campaign
of letters, faxes, e-mails, and phone calls to him and others in our
otherwise corrupt government letting them know of our displeasure. For God
and Country, Chet.
NOTE # 2: [ Should you wish to be removed from my mailing list, please
send a message with the word remove in the subject line. If you got this
from a mail list, such as xxxxxx@xxxxxgroups.com or something like that,
then it is up to the moderator or owner of the list to remove my access
based upon complaints of my material, abuse, or removal of your access if
you request it. ] Should you wish a copy of a numbered message
(this is the 27th one) that you may have missed, please e-mail me off net
for a copy of it and I will be very happy to provide it. Chet.

You may forward this to every member of Congress by using a Mail Blaster
application available on the Internet as follows:
Step 1. Access your web browser. Step 2. Type in the search block:
http://www.mailblasterdot.com
Step 3. Click on Send Batch E-Mail which is on the left end of the
screen.
Step 4. Type in your E-mail Address. Step 5. Click on Subject: Type in
the subject of your document.
Step 6. Click on Message: Now here you can type in your message or you can
paste a previously copied file here. You can also edit your message after
you finish with the message and before sending it.
Step 7. Then click on select a file. Here you may click on:
demhouse.txt (Socialist Democrat House Members) or,
democsen.txt (Socialist Democrats Senate Members) or,
newsorg.txt (Many of the "anchor" news folks have their email address here
for you to use) or,
rephouse.txt (Republican House of Representatives Members) or,
repubsen.txt (Republican Senate Members) or,
senators.txt (All Senators).
Step 8. After selecting the group to receive your message then click on
send batch. It will go to everyone listed in the batch.
Remember: Nothing beats a letter AND a phone call.
A
Chester L McWhorter Sr, c/o 504 N. Brighton Rd, Lecanto, Occupied Florida.
C.S.A. 34461. Ph: 352-344-9073. Fax: Same. E-mail:
robertthebruce@naturecoast.net
27 of 38 100.1.2.1.0 End

"Beware the leader who bangs the drums of war in order to whip the
citizenry into a patriotic fervor, for patriotism is indeed a double-edged
sword. It both emboldens the blood, just it narrows the mind. And when the
drums of war have reached a fever pitch and the blood boils with hate and
the mind has closed, the leader will have no need in seizing the rights of
the citizenry. Rather, the citizenry, infused with fear and blinded by
partiotism, will offer up all of their rights unto the leader and gladly so.
How do I know? For this is what I have done. And I am Caesar."--Julius
Caesar.

Abolish the Federal Reserve Act of 1913. It must be done. It should have been done 80 years ago. It wasn't. It remains a job left to do.

sandwalker

9-11 still isn't resolved

9-11 was a tragedy that has changed the United States. Here's a video I happened to run across while searching for newer evidences or investigations that would prove that 9-11 was not a conspiracy. No new evidence. Instead I found a nicely compiled series of news media coverage and interviews that once again establish that explosive devices planted in the infrastructure of the building were used to bring down the twin towers.

My latest speculation is that the Al-Qaeda terrorists planned and carried out part of the attack with foreknowledge of the US Government but were 'helped' by operatives inside one of the US Govt. Agencies to make the event bigger than planned for some reason.

Anyway, here's the video that doesn't lie or distort. The many witnesses themselves tell the stories.

The precedents for repealing the Federal Reserve Act of 1913

Here's information that was compiled in 1996 but is especially relevant today.
I've taken the information from the JFK Website. Cedric X has hit the nail on the head. The fact is that JFK's Executive Order Still Stands today and any president brave enough can use it to help rid us of the interest on the national debt that we currently pay through our income taxes. I'm always amazed by the status quo'ers whose primary argument often comes down to "well, our income taxes pay for our national security and all the other services of the Federal Government" . These people (victims) are living and defending a horrible illusion. Our taxes go to pay the interest on the debts of our Federal Government. Perhaps our next President will take up President Kennedy's mantle and begin to help us out of the mess the United States is currently in. Let's hope so. Enjoy the info below:


by Cedric X

From The Final Call, Vol. 15, No.6, On January 17, 1996

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.

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 certificats 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 gevernment 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, ifso, is he willing to pay the ultimate price for doing so?

Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289

AS AMENDED, 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):


(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 denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

and --

Byrevoking 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.

Abraham Lincoln's 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 Government.

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.

The available 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 creditof the Nation.

Government should 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.

Government possessing the power to create and issue currency and creditas 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 issueing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.

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.

Black's Law 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:

Each Federal 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.

Similarly, the 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 money:

Federal Reserve 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, that:

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 enoughmoney 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 UnitedStates; 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 camehere 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:

Another overlooked 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.

Kennedy's 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 banks.

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 all-time high.

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.

A Little Disturbing 9-11 Evidence

Here's an interesting film clip demonstrating what I have believed for quite some time:

The Connections Between the Bush Family & Fascism

The Bush Family has been exposed for what they stand for by this investigative journalist: President George W. Bush has wreaked untold damage on the American People and its bill of rights and its constitution: The evidence is clear and unambiguous but I fear it may be too late. The damage has been done and the American people are under assault.



And who will stand up and say it isn't so?