(Cross-posted from http://www.911oz.com/vbulletin/showthread.php?t=5305)

http://www.youtube.com/watch?v=ggADLt4s4pM

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 certificates 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 government 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 The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid.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 (... more at http://www.911oz.com/vbulletin/showthread.php?t=5305)

talking about money from nothing
i think the banks are covering themselves

2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
Japan Today ^ | Thursday 11th June, 06:18 AM JST | JapanToday

Posted on Thursday, 11 June 2009 3:45:08 PM by Xenophon450

ROME —

Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday.

The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.

According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan.

The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.

seems they have been declared fake
http://www.reuters.com/article/marketsNews/idUSN1944623120090619
but how many are held...as bad securities in the so called bad banks...we tax paying sukkers have been buying off the banks

just like drugs you gotta be thinking...the bankers are dangerous...could this only be the tip of the iceberg?

add in their securitised debt swaps..you gotta wonder if your super or bank...is holding this fake paper...and who will be left holding the baG...looks like media didnt tell you...and no one wonder why

Just a thought, daggett.

There's currently around $11 billion (market value) of silver in the US government vaults.

>>If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes... Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money.<<

If the available money stock had been limited to $11 billion in today's dollars, what do you imagine would have been the growth of the US economy, between Kennedy and today?

That's why the governments had to unshackle themselves from artificial constraints such as the gold standard, and start using their economy's intrinsic strengths to borrow against the future.

It's the same reason people take out mortgages.

They can't afford to buy out of savings, so they borrow against future earnings.

As with people, so with governments.

And it is also the reason why governments' economic strategy suffers, when they allow the people to borrow beyond their means.

Well for what its worth, I think that what will happen to FP is
what usually happens when people have so called bright ideas.

Those that matter will pay him heaps of compliments and make him
feel great, then the moment the door is shut, they will roll around
their offices laughing :)

Some just never twig how the system works, but let him learn.

Now lets think just a teeny bit of this one through. One moment
the Govt flogs off the local Telco for top dollar to pay off its
debts. In the next moment, that Govt is going to print $, to build
a system which sends that telco broke.

Sorry, it won't happen chldren.

But believe whatever you will, if it get's you through the night.

Yabby,

One of the things I learnt many years ago is not care that others think I am "impractical" or a "rat bag" or "delusional" when I am discussing ideas. The reason is that I know that some of them are off the planet but the only way to refine them is to put them out there for criticism so that you can discover the difficulities and work around them.

This works. For the past five years I have been working, with others, on revolutionising the way we use the Internet and it is now starting to happen. The idea is to give everyone - who wants it - an "electronic presence" that can act on their behalf and exists on the Internet. You can think of it as being you in "the matrix" and it has electronic capabilities that empower you as you deal with others and other organisations. We call it your edentiti and you can see the idea at www.edentiti.com.

Selling this idea has been difficult. For three years we got nowhere except develop prototypes of things your edentiti could do. Others have taken the idea worked with me to make it "acceptable" and the first steps of deployment can be seen at www.greenid.com.au If you are gambler you may use the system to identify yourself. All sorts of things are now happening and keep an eye open for instances of greenid - such as the latest product from a very large bank.

One of the things that I thought your edentiti could do would be to help you cooperate with others electronically in ways to "solve" the "Tragedy of the Commons" by getting Rewarded not to consume but using your rewards to increase the size of the commons. Keeping track of Zero interest loans given to a person is one the things that can be done by an electronic presence.

Anyway my thanks to you and others for persisting in discussing it because it has enabled me to formulate this next effort.

(To continue from where I left off above ...)

http://www.911oz.com/vbulletin/showthread.php?t=5305
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.

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Pericles' response included, "That's why the governments had to unshackle themselves from artificial constraints such as the gold standard, ..."

Pericles, how about telling us all something we don't already know?

The whole point that I have been making over and over and over again is that money has no intrinsic value of its own. The only constraint that should be made is that imposed by the strength of the real economy (and not the insane paper economy created financiers and speculators).

If, as Pericles asserts, that $11billion would not have been enough for all the needs of the US economy, it would have been a good start towards eliminating the needlessly imposed dependence of the US Government upon the Federal Reserve. Kennedy should then have taken the extra step of resuming the complete right of the US government to issue currency as Lincoln had done.

But let's not also forget that if Kennedy had lived, the money squandered on the Vietnam War and other military adventures would have been saved.

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Those who go back over this thread will notice a good many of my arguments that Pericles has failed to acknowledge.

He attempted to ridicule any suggestion of a conspiracy by bankers to murder Lincoln, ignoring the testimony of Bismarck. He also ignored the fact that two other Presidents, who since stood up to the bankers have also been murdered and he ignored Wilson's stated fear of the power of the banks.