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Old 12-19-2011, 07:22 PM
 
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The way our current system works, when Federal Reserve Notes are created more debt is also created.

The truth is that the U.S. government still has the power under the U.S. Constitution to issue debt-free money.

Posted below are pictures of the front and the back of a United States Note printed in 1963 while JFK was president….




Notice that there is a red seal instead of a green seal on the front, and it says “United States Note” rather than “Federal Reserve Note”.

According to Wikipedia, United States Notes were issued directly into circulation by the U.S. Treasury and they were first used during the Civil War.

So why are we using debt-based Federal Reserve Notes today instead of debt-free United States Notes?

It seems rather stupid, doesn’t it?

Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest.

The U.S. Constitution says that the federal government is the one that should actually be issuing our money.

In particular, according to Article I, Section 8 of the U.S. Constitution, it is the U.S. Congress that has been given the responsibility to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

So why is a private central banking cartel issuing our money?

Back in 1910, a couple years prior to the passage of the Federal Reserve Act, the national debt was only about $2.6 billion.

A little over 100 years later, our national debt is now more than 5000 times larger.

Our current debt-based monetary system also requires very high personal income taxes to pay for it.

If Congress took back the power over our currency and started issuing debt-free money a lot of our problems could be fixed.

#1) The U.S. Congress votes to take back all of the functions that it has delegated to the Federal Reserve and begins to issue debt-free United States Notes.

#2) The U.S. Congress nationalizes all debt held by the Federal Reserve.

#3) A Constitutional amendment is passed limiting future U.S. government deficits to a reasonable percentage of GDP.

#4) The existing national debt would be very slowly paid off with newly created United States Notes.

Neither political party (EXCEPT RON PAUL) is even talking about debt-free money.

In fact, most of the politicians in both political parties probably do not even know what debt-free money is.

Debt-Free United States Notes Were Once Issued Under JFK And The U.S. Government Still Has The Power To Issue Debt-Free Money - BlackListedNews.com
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Old 12-19-2011, 08:27 PM
 
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I suspect President Ron Paul would take this avenue, or one similar, backed by precious metals, if the people are smart enough to elect him.
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Old 12-19-2011, 09:03 PM
 
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Originally Posted by lifelongMOgal View Post
I suspect President Ron Paul would take this avenue, or one similar, backed by precious metals, if the people are smart enough to elect him.
Ron Paul is the only candidate who has a clue of what the Fed has done to the American economy - the others are mindless 'pods'.
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Old 12-19-2011, 09:17 PM
 
Location: SWUS
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But wouldn't that make all US paper currency currently in circulation worthless?
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Old 12-20-2011, 06:47 PM
 
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Originally Posted by JordanJP View Post
But wouldn't that make all US paper currency currently in circulation worthless?
#1) The U.S. Congress votes to take back all of the functions that it has delegated to the Federal Reserve and begins to issue debt-free United States Notes.

#2) The U.S. Congress nationalizes all debt held by the Federal Reserve.

#3) A Constitutional amendment is passed limiting future U.S. government deficits to a reasonable percentage of GDP.

#4) The existing national debt would be very slowly paid off with newly created United States Notes.
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Old 12-21-2011, 06:52 AM
 
Location: Fredericktown,Ohio
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People are delusional that there will be change under Obama or any of the {R}s running except for Paul both parties are on board with our current monetary policy. Is any other candidates talking about abolishing the FR? sound money? taking back the constitutional role of our gvt? It was a battle to get the FR audited for one year. Wilkie was right there is not a dimes difference between either party.
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Old 12-26-2011, 08:50 PM
 
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Originally Posted by Swingblade View Post
People are delusional that there will be change under Obama or any of the {R}s running except for Paul both parties are on board with our current monetary policy. Is any other candidates talking about abolishing the FR? sound money? taking back the constitutional role of our gvt? It was a battle to get the FR audited for one year. Wilkie was right there is not a dimes difference between either party.
Yes, people were suprised to learn that Obama slings the bs as well as any Republican. They are all playing the self-serving political role, except for Ron Paul, who seems to have a different agenda - namely that of emancipating America from it's enslavement to the Fed, corporate plutocracy, and the military-indusrial complex.
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Old 12-27-2011, 05:25 AM
 
Location: Fredericktown,Ohio
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Originally Posted by KRAMER CAT View Post
Yes, people were surprised to learn that Obama slings the BS as well as any Republican. They are all playing the self-serving political role, except for Ron Paul, who seems to have a different agenda - namely that of emancipating America from it's enslavement to the Fed, corporate plutocracy, and the military-industrial complex.
I think we have reached the point of no return and that JFK attempt to issue debt free money will be the last. I took note of your list and the points all depend on congress. Does anyone think that congress would take the power away from the FR and the banksters? They know who their daddy is.

I watched a interview with G. Edward Griffin and he said that if people think that one man can change the monetary and banking system singlehandedly they are delusional. Even though he acknowledges Ron Paul and thinks he is doing a great service by bringing the issue to the forefront it is going to take congress.

He went on to say that is the battle to get more people elected that understand monetary issues. This is going to take hard work and in my opinion will never happened. Look at our electorate, look at this forum, how many people care about monetary policy? We have people that look at foreign policy, taxes, social programs, and social issues and prob ally do not spend one second thinking about monetary policy.

We have watched and read about all the {R} debates how many questions was asked by MSM moderators about the FR or monetary policy? I have talked to people about our monetary system and they either back it or they do not understand a word I am saying. Some have made the claim that USD is backed by gold that is at Ft Knox.

Putting faith in voters and the imbeciles that they elect will be a losing battle. That is why I moved to the boonies and I am learning sustainable living skills. I am not going to let democracy and Barnanke starve me to death.
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Old 12-27-2011, 07:25 AM
 
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Another kook conspiracy theory because the US Govt has NEVER issued "debt free" currency. They always sold BONDS to back the dollar, or held gold.

How many times will this nonsense be posted?
http://www.city-data.com/forum/busin...ssue-debt.html

Simply saying "United States note" doesnt mean it came debt free..
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Old 12-27-2011, 09:47 AM
 
Location: Fredericktown,Ohio
6,516 posts, read 4,153,767 times
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Quote:
Originally Posted by pghquest View Post
Another kook conspiracy theory because the US Govt has NEVER issued "debt free" currency. They always sold BONDS to back the dollar, or held gold.

How many times will this nonsense be posted?
http://www.city-data.com/forum/busin...ssue-debt.html

Simply saying "United States note" doesnt mean it came debt free..
That is not true when Lincoln issued the greenback there was no bonds involved it was a fiat currency just like USD is today. It was backed by the 1st legal tender laws you know "this note is for all debts public and private" etc, etc.

Another question : if JFK was not attempting to issue debt free money why did he put into circulation a bill different then the FR?
Why did JFK by EO order silver cerificates to be issued into circulation?
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