www.whatreallyhappened.com ******* 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 US 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 US Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly .3 billion in US 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 US the ability to create its own money backed by silver. After Mr …
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(PRWEB) July 13, 2005
AAA Payday Advance is celebrating their first anniversary with a continued focus on expansion. “This past year has been a good year for us in terms of growth,” states Eddie Lawrence of AAA Payday Advance.
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