Forwarded from John Murbach
US Note, original Legal Tender currency issued by Lincoln in 1862-63 when the public began hoarding gold and silver coins. Known as the Green Back.
Forwarded from π ππΎπΈπ½ππππ π
No federal reserve note itβs United States note
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Forwarded from Malcolm Polonis
Precious metals based currency, aka real money.
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Forwarded from Debbie Taylor
United States Note not dollar. I have one like that.
βThis note is a legal tender at its face value!β
Gee how novel. You think our dollars are worth a dollar anymore?!!ππ
Gee how novel. You think our dollars are worth a dollar anymore?!!ππ
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EXECUTIVE ORDER 1110
Executive Order 1110 gave the US the ability to create its own money backed by silver...
http://www.john-f-kennedy.net/executiveorder11110.htm
Executive Order 1110 gave the US the ability to create its own money backed by silver...
http://www.john-f-kennedy.net/executiveorder11110.htm
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On June 4, 1963 President John F. Kennedy signed Executive Order No. 11110, which gave the U.S. government the power to issue currency...without going through the Federal Reserve.
This little-known maneuver was made to strip the Federal Reserve Bank of its power to loan money to the government at interest.
This little-known maneuver was made to strip the Federal Reserve Bank of its power to loan money to the government at interest.
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JFKβs Executive 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
This meant that for every ounce of silver in the U.S. Treasury's vault...the government could introduce new money into circulation
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In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation.
The ramifications of this bill are enormous.
The ramifications of this bill are enormous.
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With the stroke of a pen, JFK 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.
Why is this??
Because the silver certificates are/were backed by silver and the Federal Reserve notes are/were NOT backed by anything!!
If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes.
Why is this??
Because the silver certificates are/were backed by silver and the Federal Reserve notes are/were NOT backed by anything!!
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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.
Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.
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