To Orwell Today,
I was reading your site I had run across today and it's interesting - LINCOLN & KENNEDY MADE MONEY
Don't know much about Lincoln except in the history books but was onto something the other day. Was Lincoln in favor of a central bank at all or just a national bank?
Is a central bank different than a national bank in his time?
I am under the assumption that Lincoln was assassinated for not accepting Rothschild backing. Wouldn't that constitute not being in favor of a central bank?
My understanding is that a country needs a bank it can go to when it needs money for something, ie to build roads, bridges, buildings, pay salaries to people who build and supply building materials - from cutting down the trees, mining the minerals, to the finished product etc etc
In Lincoln's case, just after he became president, he needed money to buy guns, ammunition, cannons, uniforms, boots, tents, etc etc for soldiers and entire armies to fight the Civil War. There wasn't enough money in all the banks in America, apparently, and so the Treasury department told him they'd have to borrow it from a central bank but at that time USA didn't have one, so the nearest option was the central bank in England, owned, apparently, by the Rothschilds.
Prior to this period (Lincoln became president in 1860) the USA had had a central bank on two occasions, but their contracts (charters) had expired, and had not been renewed.
The first central USA bank was called the BUS (for the BANK OF THE UNITED STATES) and was created in 1791 and given a 20-year charter, which expired in 1811 and was not renewed.
Then again, as they had for the creation of the BUS, senators and congressmen proposed legislation for a central bank and in 1816 they won. This second USA central bank was called the SBUS (for the SECOND BANK OF THE UNITED STATES). Its 20-year charter expired in 1836 and was not renewed.
The reason the charters for the BUS and the SBUS were not renewed was because they were caught working against the nation's interests, ie lending out paper money (dollar bills) in return for tangible assets given as collateral for the loan, and then manipulating the interest rate.
They would lower the rate of interest being charged - which would create a boom - then increase the rate of interest - which would create a bust - and when people couldn't come up with the paper to repay the loan, their tangible collateral (houses, buildings, land etc) were taken over by the bank which then owned and possessed them.
Therefore, during the time of Lincoln's presidency, 1860 to 1865, there was no USA central bank and so when Lincoln needed money (paper certificates) he went to the central bank in England for a loan. When they demanded huge interest (and collateral in the form of tangible American assets) Lincoln refused. Instead he went to the Treasury - something the Constitution had mandated from the very beginning - and had them print the paper (dollar bills painted green) which he used to pay for the supplies and services the government needed.
As we can see, there is always a need for the USA government to borrow money. And what Lincoln did, it seems, was turn the Treasury into the USA central bank from which he borrowed paper - interest free.
But, as we know, Lincoln was assassinated and, in the years following his death, reconstruction and expansion into settling and developing the Frontier caused a boom, that went on for many years, with hundreds of small banks lending the paper (dollar certificates).
But then in 1913 the powers-that-be who wanted another central bank they could control (to create booms and busts and get the goodies as collateral) managed to pass a bill through Congress (using politicians they owned) for the creation of the third USA central bank which they named the FED (for the FEDERAL RESERVE, ie "federal" so people would think it was owned by the government, and "reserve" so people would think it was legitimate and had paper to back the imaginary paper it lent).
That, off the top of my head, is a simple overview, as I understand it, about what is meant by a central bank. I know it's confusing, but that's the best I can do at the moment. It would be great if someone wrote in with a better explanation.
I got much of this info from the article Abolish the Federal Reserve Act of 1913.
All the best,
JFK REAL AMERICAN DOLLARS
Kennedy Executive Order 11110, Hub Pages
On June 4, 1963, 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 (US Central Bank). 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. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
With the stroke of a pen, President Kennedy was on his way to putting the Federal Reserve Bank 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. After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. 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.
John F. Kennedy, Executive Order 11110. The American Presidency Project
"By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows: The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption"...JOHN F. KENNEDY, THE WHITE HOUSE, June 4, 1963
Reader Brian says the link to executive order 11110 doesn't connect from the Home Page of the JFK library anymore
US DOLLAR IN LOONIE BIN
Reader Quint points out that the Executive Order 11110 link isn't working
JFK DEFENDED DOLLAR, speech to International Monetary Fund, Sep 30, 1963 ("The security of the dollar involves the security of us all...We are determined to do whatever must be done in the interest of this country and, indeed, in the interest of all to protect the dollar as a convertible currency at its current fixed rate....")
JFK Library Executive Order 11110 (Relating to the performance of certain functions affecting the Dapartment of the Treasury...)
GREENSPAN FROM JEKYLL ISLAND
CREATURE FROM JEKYLL ISLAND (excerpt from book)
LINCOLN & KENNEDY MADE MONEY
BANKS FORECLOSE UNIVERSALLY
Home foreclosures up in USA (if you're flush there's opportunities). MSNBC, Jun 3, 2006. Go to 11.Ministry of Plenty
JFK & FEDERAL RESERVE
CIVIL WAR ITEMS OF INTEREST (United States Note from 1862 with a picture of Secretary of the Treasury, Salmon Chase. As Secretary of the Treasury under Lincoln, Chase oversaw the issue of greenbacks, with $1 Notes bearing his picture. In 1864 Lincoln appointed Chase as Chief Justice of the Supreme Court. In Hepburn v. Griswold (Feb. 7, 1870), the Court ruled by a four-to-three majority that Congress lacked the power to make the notes legal tender. Chief Justice Salmon P. Chase, who as Secretary of the Treasury had been involved in enacting the Legal Tender Act in 1861, wrote the majority opinion, declaring that the Congressional authorization of greenbacks as legal tender violated Fifth Amendment guarantees against deprivation of property without due process of law....)
10.Rulers and 35.The Brotherhood and 9.Keeping Masses Down
JFK ASSASSINATION PUZZLE PIECES & LINCOLN ASSASSINATION THEORIES
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