Executive Order 11110

res · 06-13-2008, 02:20 PM

Executive Order 11110

Most of you have probably already come across this piece of legislation but to me this was a revelation. After I stumbled upon this I tried finding out more about the topic and as it turned out this JFK's order was melting away American debt. After less than five months from being introduced it enabled JFK to print around 4.5 billion Us dollars thus drastically reducing US debt.

Interesting is the fact that he was killed five months after introducing this decree. It was one of the first things LBJ revoked and stopped it's use after becoming president.

michaelr · 06-13-2008, 02:24 PM

Quote:

Originally Posted by res

Executive Order 11110

Most of you have probably already come across this piece of legislation but to me this was a revelation. After I stumbled upon this I tried finding out more about the topic and as it turned out this JFK's order was melting away American debt. After less than five months from being introduced it enabled JFK to print around 4.5 billion Us dollars thus drastically reducing US debt.

Interesting is the fact that he was killed five months after introducing this decree. It was one of the first things LBJ revoked and stopped it's use after becoming president.

Thats one of the main reasons that he was killed, didn't that Lincoln fella do the same thing?

res · 06-13-2008, 02:28 PM

Yes, I heard that about Lincoln. What puzzles me over Lincoln is that there was no FED in his time. Who was printing money then?

michaelr · 06-13-2008, 02:33 PM

Quote:

Originally Posted by res

Yes, I heard that about Lincoln. What puzzles me over Lincoln is that there was no FED in his time. Who was printing money then?

It was still the banks, money was not very uniform as many banks printed the stuff.

res · 06-13-2008, 02:40 PM

I see. Even then the treasury department was stripped of it's constitutional obligation to be the sole source of US money?

Kennedy's order is still valid. All it needs is someone to take a push (a really big one

) and US would repay it's debt in a few years.
The thing that hit me the most is the fact that legislation is already in place and for more than 40 years people have been lied to about their economic system.

As each day passes, I more and more admire your "founding fathers". US constitution is one of the smartest pieces of legislation ever written.

res · 06-13-2008, 02:41 PM

In a comment made to a Columbia University class on Nov. 12, 1963, ten days before his assassination, President John Fitzgerald Kennedy allegedly said:

"The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight."

michaelr · 06-13-2008, 02:45 PM

Quote:

Originally Posted by res

I see. Even then the treasury department was stripped of it's constitutional obligation to be the sole source of US money?

Kennedy's order is still valid. All it needs is someone to take a push (a really big one

) and US would repay it's debt in a few years.
The thing that hit me the most is the fact that legislation is already in place and for more than 40 years people have been lied to about their economic system.

As each day passes, I more and more admire your "founding fathers". US constitution is one of the smartest pieces of legislation ever written.

They used to teach it in school, now I believe it is forbidden.

Heel31ok · 06-13-2008, 03:04 PM

Quote:

Originally Posted by michaelr

They used to teach it in school, now I believe it is forbidden.

i ahd heard about soemthing like this but am not really understanding what it means. is this the concept of a closed money system implementd by the US? I may not be phrasing that right but that was the impression I got from what i read a while back.

Invocation · 06-13-2008, 05:13 PM

This is all very interesting. I saw a brilliant series by the History Channel called "The Men Who Killed Kennedy", but it didn't mention anything like this, rather the logistics of the assassination and all the shady connections.

I'd be happy to point you in the right direction towards watching it.

res · 06-16-2008, 06:38 PM

Quote:

Originally Posted by Heel31ok

i ahd heard about soemthing like this but am not really understanding what it means. is this the concept of a closed money system implementd by the US? I may not be phrasing that right but that was the impression I got from what i read a while back.

I'm studying economics but I'm not too sure about this. I had to read about it before answering to you. From what I've read and understood this doesn't have anything to do with foreign exchange but more with circulation of tax free money. It is about abolishing fractional reserve banking and using money printed by the government that is issued without interest to the general population. That means that the government needs to have solid backing in it's reserves to keep the currency strong since it is no longer based on an artificial picture. How much silver, or anything that the people agree upon the government holds in it's reserves that is the amount it can print as paper money.

This means that as the government repays it's debt it starts accumulating wealth that it sends out again as paper money for the people to use, interest free or it can choose to do something else.

There are no problems with use of other currencies since it doesn't affect those relations, it merely strenghtens the position of a currency being issued in this way. There is no inflation, deflation, depression and recession. Only a free market that corrects itself periodically and naturally.