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Old Today, 09:46 AM
 
1,337 posts, read 666,563 times
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Quote:
Originally Posted by Elliott_CA View Post
I'm not, and never have been, a Fed hater

JFK was, he printed currency backed by silver to pay off the national debt; as opposed to borrowing it with interest.
His executive order was never repealed.
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Old Today, 10:00 AM
 
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Originally Posted by Sunbiz1 View Post
JFK was, he printed currency backed by silver to pay off the national debt; as opposed to borrowing it with interest.
His executive order was never repealed.
The only president to pay off the national debt was Andrew Jackson and it was a huge mistake
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Old Today, 11:57 AM
 
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Originally Posted by Lowexpectations View Post
The only president to pay off the national debt was Andrew Jackson and it was a huge mistake

How so?, and why wouldn't executive order 11110 should it be re-used help reduce the deficit?.
We'll never know if JFK's plan would have succeeded, as of course he was shot 6 months later:

"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."
President Kennedy, Federal Reserve, and Executive Order 11110
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