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The US fiat money is at present unconstitutional as the...

  1. 297 Posts.
    The US fiat money is at present unconstitutional as the Constitution requires their currency to be backed by
    either gold or silver.
    See below from sources that are easily obtained. Chickens come home to roost IMO.

    Good luck.

    " The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. Federal Reserve Notes are backed by debt purchased by the Federal Reserve, and thus generate seigniorage for the Federal Reserve System, which serves as a lending intermediary between the Treasury and the public.
    The Federal Reserve System
    JFK was assassinated because he was going to restructure the Federal Reserve System so it could no longer be used by the ruling powers to manipulate the economy.
    "When Kennedy called for a return of America's currency to the gold standard, and the dismantling of the Federal Reserve System -- he actually minted non-debt money that does not bear the mark of the Federal Reserve; when he dared to actually exercise the leadership authority granted to him by the U.S. Constitution . . . Kennedy prepared his own death warrant. It was time for him to go."
    Colonel James Gritz, Called to Serve: Profiles in Conspiracy
    from John F. Kennedy to George Bush
    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 [4.3 trillion] 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."
    Jim Marrs. (1989). Crossfire: the Plot that Killed Kennedy, NY: Carroll & Graf Publishers
    Nearly a century after Lincoln was assassinated for issuing Greenbacks, President John F. Kennedy found himself in the Eight Families' 1 crosshairs. Kennedy had announced a crackdown on off-shore tax havens and proposed increases in tax rates on large oil and mining companies. He supported eliminating tax loopholes which benefit the super-rich. His economic policies were publicly attacked by Fortune magazine, the Wall Street Journal and both David and Nelson Rockefeller. Even Kennedy's own Treasury Secretary Douglas Dillon, who came from the UBS Warburg-controlled Dillon Read investment bank, voiced opposition to the JFK proposals. [Jim Marrs, Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids]
    Kennedy's fate was sealed in June 1963 when he authorized the issuance of more than $4 billion in United States Notes by his Treasury Department in an attempt to circumvent the high interest rate usury of the private Federal Reserve international banker crowd. The wife of Lee Harvey Oswald, who was conveniently gunned down by Jack Ruby before Ruby himself was shot, told author A. J. Weberman in 1994, "The answer to the Kennedy assassination is with the Federal Reserve Bank. Don't underestimate that. It's wrong to blame it on Angleton and the CIA per se only. This is only one finger on the same hand. The people who supply the money are above the CIA." [Ibid.]
    Notes:
    1 Eight families: Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome

    Corruption at its best.

    Good luck!
 
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