The Federal Reserve Scam

[Toro]

When I studied monetary theory and the economic history of the United States to earn my Honours degree in economics, I never read anything about JFK wanted to end the Fed.

Oh, but wait, that's a conspiracy too! All the academics are just a bunch of socialists!

 

[gipper]

Post hoc ergo propter hoc fallacy.

Lee Harvey Oswald shot Kennedy. He acted alone. The end.

Hey dipshit I have not stated anywhere that JFK was murdered because of his actions against the Fed. ******* learn how to read.

You are not saying it directly because you are a coward, but you are implying it. Your links imply it. And the only people who push the horseshit lie that JFK was trying to end the Fed are people who believe he was assassinated for it.

**** off. You think you know my mind? Are you ******* crazy?

I’m merely stating a fact. JFK was working to take control of the currency from the Fed. This is a fact.

No, that is not a fact. It is the opposite of fact.

The US was transitioning from silver certificates to Federal Reserve Notes. All JFK's EO did was delegate the President's authority to the Treasury secretary so that silver certificates could be issued, if necessary, during that transition. The end goal was to eliminate silver certificates entirely and JFK was simply making that process easier.

At the same time silver certificates were being phased out, the Federal Reserve was authorized to start printing low denomination Federal Reserve notes.

You have been totally hoaxed. It is a total myth that JFK was trying to end the Fed.

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

 

[g5000]

Hey dipshit I have not stated anywhere that JFK was murdered because of his actions against the Fed. ******* learn how to read.

You are not saying it directly because you are a coward, but you are implying it. Your links imply it. And the only people who push the horseshit lie that JFK was trying to end the Fed are people who believe he was assassinated for it.

**** off. You think you know my mind? Are you ******* crazy?

I’m merely stating a fact. JFK was working to take control of the currency from the Fed. This is a fact.

No, that is not a fact. It is the opposite of fact.

The US was transitioning from silver certificates to Federal Reserve Notes. All JFK's EO did was delegate the President's authority to the Treasury secretary so that silver certificates could be issued, if necessary, during that transition. The end goal was to eliminate silver certificates entirely and JFK was simply making that process easier.

At the same time silver certificates were being phased out, the Federal Reserve was authorized to start printing low denomination Federal Reserve notes.

You have been totally hoaxed. It is a total myth that JFK was trying to end the Fed.

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

Yeah, it's not a conspiracy. It is just a lie. You have been hoaxed.

 

[gipper]

When I studied monetary theory and the economic history of the United States to earn my Honours degree in economics, I never read anything about JFK wanted to end the Fed.

Oh, but wait, that's a conspiracy too! All the academics are just a bunch of socialists!

Proving you didn’t learn every much. Ask for your money back.

 

[gipper]

You are not saying it directly because you are a coward, but you are implying it. Your links imply it. And the only people who push the horseshit lie that JFK was trying to end the Fed are people who believe he was assassinated for it.

**** off. You think you know my mind? Are you ******* crazy?

I’m merely stating a fact. JFK was working to take control of the currency from the Fed. This is a fact.

No, that is not a fact. It is the opposite of fact.

The US was transitioning from silver certificates to Federal Reserve Notes. All JFK's EO did was delegate the President's authority to the Treasury secretary so that silver certificates could be issued, if necessary, during that transition. The end goal was to eliminate silver certificates entirely and JFK was simply making that process easier.

At the same time silver certificates were being phased out, the Federal Reserve was authorized to start printing low denomination Federal Reserve notes.

You have been totally hoaxed. It is a total myth that JFK was trying to end the Fed.

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

Yeah, it's not a conspiracy. It is just a lie.

Idiot.

 

[g5000]

**** off. You think you know my mind? Are you ******* crazy?

I’m merely stating a fact. JFK was working to take control of the currency from the Fed. This is a fact.

No, that is not a fact. It is the opposite of fact.

The US was transitioning from silver certificates to Federal Reserve Notes. All JFK's EO did was delegate the President's authority to the Treasury secretary so that silver certificates could be issued, if necessary, during that transition. The end goal was to eliminate silver certificates entirely and JFK was simply making that process easier.

At the same time silver certificates were being phased out, the Federal Reserve was authorized to start printing low denomination Federal Reserve notes.

You have been totally hoaxed. It is a total myth that JFK was trying to end the Fed.

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

Yeah, it's not a conspiracy. It is just a lie.

Idiot.

You are the one who believes a hoax, so it is pretty clear who the idiot is.

It's right there in your own link, idiot.

JFK: "Except for its use in coins, silver serves no useful monetary function."

 

[gipper]

No, that is not a fact. It is the opposite of fact.

The US was transitioning from silver certificates to Federal Reserve Notes. All JFK's EO did was delegate the President's authority to the Treasury secretary so that silver certificates could be issued, if necessary, during that transition. The end goal was to eliminate silver certificates entirely and JFK was simply making that process easier.

At the same time silver certificates were being phased out, the Federal Reserve was authorized to start printing low denomination Federal Reserve notes.

You have been totally hoaxed. It is a total myth that JFK was trying to end the Fed.

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

Yeah, it's not a conspiracy. It is just a lie.

Idiot.

You are the one who believes a hoax, so it is pretty clear who the idiot is.

It's right there in your own link, idiot.

JFK: "Except for its use in coins, silver serves no useful monetary function."

Tell me how the following is a conspiracy or a hoax.


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.

 

[Toro]

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

You're right. It's not a conspiracy because it didn't happen. It's a conspiracy theory, one that is propagated by people who don't know history and don't understand economics.

 

[gipper]

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

You're right. It's not a conspiracy because it didn't happen. It's a conspiracy theory, one that is propagated by people who don't know history and don't understand economics.

So, it’s your opinion JFK never signed Executive Order #11110. Could you kindly post a valid source backing your belief?

 

[g5000]

People who are prone to conspiracies will see a conspiracy even if what they cite as evidence completely contradicts their theory.

And that's what's happened with gipper.

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

Yeah, it's not a conspiracy. It is just a lie.

Idiot.

You are the one who believes a hoax, so it is pretty clear who the idiot is.

It's right there in your own link, idiot.

JFK: "Except for its use in coins, silver serves no useful monetary function."

Tell me how the following is a conspiracy or a hoax.


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.

"In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation."

A hoax. Untrue. False.

And nowhere in the EO does it say "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."

And when you are plagiarizing from a hoax-peddling web site, you should link to it: John-F-Kennedy.net - JFK, The Federal Reserve And Executive Order 11110 by Cedric X

 

[Toro]

Proving you didn’t learn every much. Ask for your money back.

I've had a successful career in investments understanding this shit. I've studied it. I've lived it. I've eaten, breathed and slept it.

And the nonsense you are propagating belongs in the loony bin.

 

[g5000]

What part of "Except for its use in coins, silver serves no useful monetary function" do you not understand, gipper?

JFK was clearly working toward taking us AWAY from silver-backed dollars. He clearly believed our money should not be backed by silver.

 

[gipper]

Proving you didn’t learn every much. Ask for your money back.

I've had a successful career in investments understanding this shit. I've studied it. I've lived it. I've eaten, breathed and slept it.

And the nonsense you are propagating belongs in the loony bin.

So you got nothing.

 

[gipper]

What part of "Except for its use in coins, silver serves no useful monetary function" do you not understand, gipper?

JFK was clearly working toward taking us AWAY from silver-backed dollars. He clearly believed our money should not be backed by silver.

LOL. You clearly have no clue.

 

[gipper]

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

You're right. It's not a conspiracy because it didn't happen. It's a conspiracy theory, one that is propagated by people who don't know history and don't understand economics.

So, it’s your opinion JFK never signed Executive Order #11110. Could you kindly post a valid source backing your belief?

Come on Toto! Prove that the EO is a hoax and a conspiracy. You’re smart.

 

[g5000]

What part of "Except for its use in coins, silver serves no useful monetary function" do you not understand, gipper?

JFK was clearly working toward taking us AWAY from silver-backed dollars. He clearly believed our money should not be backed by silver.

LOL. You clearly have no clue.

BWA-HA-HA-HA-HA!

Explain how a president who says, "Except for its use in coins, silver serves no useful monetary function" is trying to end the Fed.

This should be ******* hilarious.

I'll be back later this evening to read your fairy tale.

 

[g5000]

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

You're right. It's not a conspiracy because it didn't happen. It's a conspiracy theory, one that is propagated by people who don't know history and don't understand economics.

So, it’s your opinion JFK never signed Executive Order #11110. Could you kindly post a valid source backing your belief?

Come on Toto! Prove that the EO is a hoax and a conspiracy. You’re smart.

The EO is not a hoax.

Your reading of it is. Your belief that it was an attempt to end the Fed is the hoax.

All caught up now?

"Except for its use in coins, silver serves no useful monetary function." - John F. Kennedy

 

[gipper]

What part of "Except for its use in coins, silver serves no useful monetary function" do you not understand, gipper?

JFK was clearly working toward taking us AWAY from silver-backed dollars. He clearly believed our money should not be backed by silver.

LOL. You clearly have no clue.

BWA-HA-HA-HA-HA!

Explain how a president who says, "Except for its use in coins, silver serves no useful monetary function" is trying to end the Fed.

This should be ******* hilarious.

I'll be back later this evening to read your fairy tale.

You don’t understand the context. You are misunderstanding the meaning. Read a few more times. Maybe it will sink in.

 

[Toro]

I mean, you just had to read into the second paragraph of gipper's Wiki link to show he has zero clue what's going on!

On November 28, 1961, President Kennedy halted sales of silver by the Treasury Department. Increasing demand for silver as an industrial metal had led to an increase in the market price of silver above the United States government's fixed price. This led to a decline in the government's excess silver reserves by over 80% during 1961. Kennedy also called upon Congress to phase out silver certificates in favor of Federal Reserve notes which, according to the Associated Press at that time, were still backed by gold.​

Kennedy halted the sales of silver because there was a run going on. Why would he do that if he wanted - allegedly - no silver-backed notes? Why would he want to keep a stock of silver in the first place? He could have just let the silver reserves run-off and voila! No silver-backed notes.

This is seems to escape the loons who have zero academic knowledge and zero practical experience in these things.

As that paragraph states, the currency was backed by gold. US dollars were convertible into gold by foreigners, though not be Americans. In the late 1960s and early 1970s, there was a run on gold as foreigners began to call away the US gold supply because the US was financing a large deficit to fund the Vietnam War. The budget deficit - as it often does - led to a trade deficit, and foreigners wanted to be paid in gold fearing the devaluation of the dollar. On August 15, 1971, Nixon suspended gold convertibility. But Kennedy didn't know this would happen. It makes zero sense to have a gold and silver backed currency, especially when there isn't enough silver in the country to back the currency in the first place.

 

[gipper]

It’s not a conspiracy that JFK was trying to return control of the currency to the government, rather than the Fed. Dumb ass.

You're right. It's not a conspiracy because it didn't happen. It's a conspiracy theory, one that is propagated by people who don't know history and don't understand economics.

So, it’s your opinion JFK never signed Executive Order #11110. Could you kindly post a valid source backing your belief?

Come on Toto! Prove that the EO is a hoax and a conspiracy. You’re smart.

The EO is not a hoax.

Your reading of it is. Your belief that it was an attempt to end the Fed is the hoax.

All caught up now?

"Except for its use in coins, silver serves no useful monetary function." - John F. Kennedy

LOL. You totally are misconstruing JFK’s statement. Think. Think.