Moderator: Deep Knight
http://www.rumormillnews.com/cgi-bin/fo ... ead=132337
Date: Friday, 26 September 2008, 10:07 p.m. This arrived from a Reader:
STILL VALID; EXECUTIVE ORDER 11110
JOHN KENNEDY VS THE FEDERAL RESERVE
In June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110,
was signed with the authority to basically strip the Federal Reserve Bank of its
power to loan money to the United States Federal Government at interest. With the
stroke of a pen, President Kennedy declared that the privately owned Federal Reserve
Bank would soon be out of business. The Christian Law Fellowship has exhaustively
researched this matter through the Federal Register and Library of Congress. We
can now safely conclude that this Executive Order has never been repealed, amended,
or superceded by any subsequent Executive Order. In simple terms, it is still valid.
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed
this Order, it returned to the federal government, specifically the Treasury Department,
the Constitutional power to create and issue currency -money - without going through
the privately owned Federal Reserve Bank. President Kennedy's Executive Order
11110 [the full text is displayed further below] gave the Treasury Department the
explicit authority: "to issue silver certificates against any silver bullion,
silver, or standard silver dollars in the Treasury." This means that for every
ounce of silver in the U.S. Treasury's vault, the government could introduce
new money into circulation based on the silver bullion physically held there. 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.
It appears obvious that President Kennedy knew the Federal Reserve Notes being used
as the purported legal currency were contrary to the Constitution of the United
States of America.....
Click through to read the actual Executive Order:
Posted By: Rayelan <Send E-Mail>
Date: Friday, 26 September 2008, 9:45 p.m. The Who, What, How, and Where behind this 700 Billion Dollar tax theft.
by Walter Burien - http://CAFR1.com - 09/26/08
TREASON: "Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612
Take a look at the money the big boys are rolling over. The three reports below are the behind the looking glass view. I note that on the "Bank Derivative report", JP Moran Chase shows net assets of 1.4 Trillion dollars but they were rolling-over and controlling 90 Trillion dollars in derivatives.
The top 25 bank listed totaled about 300 Trillion dollars of derivatives (the market maker) under their control. Better not be on the wrong side of the market contrary to where they want the market to swing based on their buying and selling effect. They will take your money every single time in their trading profits from the moves they "create" through the use of that money.
1. The Federal Reserve's - Comprehensive Annual Financial Report (CAFR)
2006 - http://cafr1.com/STATES/FedReserve/FR2006CAFR.pdf
2007 - http://cafr1.com/STATES/FedReserve/FR2007CAFR.pdf
2. The US Treasury Auditor Generals Report on the top Bank derivative holdings. I note to scroll down 2/3rds through the report to the "Table" section to see the dollar values (in millions so add six zeros to the shown numbers) Example: JP Morgan Chase - #1 - Net assets 1.4 trillion - derivative positions 90 trillion dollars. (DOWNLOAD THIS ONE FIRST)
** 2008 March - http://cafr1.com/STATES/US-TreasuryRepo ... arch08.pdf
3. The US Treasury Auditor Generals Report on top Bank mortgage holdings and performance.
** 2008 June - http://cafr1.com/STATES/US-TreasuryRepo ... June08.pdf
The big banks manipulate the market, destroy their competition the smaller banks, profit from that manipulation, and then take over that competition weakened by the same manipulation, AND THEN use their contacts to push the government to use Taxpayer revenue to bail-out the economy created by the effect of their own manipulation, as they take-over their competition at pennies on the dollar, and those big boys grow ever larger. Well, I guess they call that activity snack food for the kings..
And I will say it again: TREASON: "Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612
P. O. Box 2112
Saint Johns, Arizona 85936
Posted By: tenavision
Date: Friday, 26 September 2008, 12:04 p.m.
In Response To: RON PAUL: GREENSPAN, BERNANKE SHOULD BE CRIMINALLY CHARGED (billym)
http://www.rumormillnews.com/cgi-bin/fo ... ead=132307
tena's note: I agree, all the criminals must be removed from our government.. but that might leave NONE to be officials. I was going to post some 800 numbers I found for our congress but upon checking them, none of them worked. The big secret in this bailout and it's language is that if it is voted in by our crooked congress, there will no more be allowed ANY oversight or ability to change it, no matter what. It is merely another license to steal from us when they already have most everything we had in the first place. This must not go through, because when it becomes law, WE CAN NEVER CHANGE IT!
THE BLACKMAILING OF THE UNITED STATES CONGRESS
By Joan Veon
September 24, 2008
Americans are being confronted with catastrophic events. How does one hear truth? Truth is dependent on assumptions people make about what they hear and it is also dependent on if they are seekers of truth. Pontius Pilot when confronted with the demands of the Pharisee and Sadducees over Jesus, asked “What is truth?”
Interestingly that question has transcended time and eternity. Either you believe what Paulson and Bernanke, along with a circle of insiders are telling us or you hear in their words lies, deceit, and deception.
We have watched as countries around the world had their financial crises which left average citizens homeless, their industries destroyed, and their currencies crushed. Now it appears that it is our turn and our time. The public is being told to first hand over their money and secondly to transfer the last vestiges of our financial power to the Federal Reserve by adopting the Treasury proposal for a “Modernized Financial Regulatory System.” When both of these actions are complete, America will be a shell of what we were at the height of our glory. The middle class of America will have been effectively rendered serfs and the rich will be much richer due to the cleansing process.
The once manageable subprime crisis has mushroomed into a catastrophic problem in which the Federal Reserve via the Treasury is demanding that the American people pay $700 Billion to $1 Trillion to shoulder the debt of Fannie and Freddie. In case you did not know it, Fannie and Freddie are public-private partnerships. Since public-private partnerships are being touted by Prince Charles, the United Nations, and our own Congress as wonderful opportunities, I wonder if they would care to re-think their opinion on how to restructure our government. Ever since 1998 when then Vice President Al Gore convened the first global meeting on “Reinventing Government”, the goal has been to turn every major governmental asset from water facilities, to sewers, to roads and bridges into public-private partnerships--half government and half private sector entities—GSEs. If they all turn out like Fannie and Freddie, we will never recover.
It was six months ago in March that Paulson unveiled the Blueprint mentioned above. No wonder they want to transfer the Fannie and Freddie debt to the taxpayers! If you read the proposed Senate bill which has yet to be numbered, you will find that they are proposing to set up the “Fannie and Freddie Emergency Oversight Board” in which the Federal Reserve will become its chairperson. Amazing! Why isn’t the Congress seeing what the average American sees? Next thing you know the Fed will want to disband Congress and the Executive Branch. The stakes are so high for the booty of America to be handed over to Pirates Paulson and Bernanke, that their every word constitutes a veiled threat.
In testimony today, a number of senators voiced surprise at learning a new detail here and there like the buying up of second lien mortgages, auto loans, and foreign central banks and the bailing out America. They voiced concern about all the unknowns of the newly proposed system that has not been tested and the need to rush legislation through. They voiced concern about how they would face their constituents (a good thing), and they voiced concern about the ambiguities of what is or is not being proposed so they can better understand. Senator Bunning from Kentucky questioned Paulson intensely about the fact that he read in the newspapers that Paulson also wants to include student loans and credit card debt as well. Paulson responded that he “asked for broad powers” and that he wanted “flexibility to buy other types of assets to keep the entire system [cleaned] up.” When pressed by Bunning, Paulson backed down but he also made it clear, “I am trained to run towards problems.”
There were several very good ideas and alternatives put forth today by the senators but they were all shot down by Paulson and Bernanke who sang the song, “We need to act quickly.” The day started off with the Dow futures moving up and statements by Paulson and Bernanke who both called for fast action.
In transcribing conversations on CNBC for the past two weeks, I have been amazed at the number of times I heard about our need to act quickly or else. I also heard how fortunate to have one of the world’s leading authorities on the Great Depression heading the Federal Reserve. Wonder if that was the real reason for appointing Bernanke? Commentary follows:
September 23, 2008 Interview with Michigan Governor Jennifer Granholm
Becky Quick: “We need to act quickly, if Congress cannot agree do you want to take time to work it out? Governor: “Whether this week or next week, there has to be something in it for those paying the bills.” CNBC commentator: “Markets wonder if they are going to open orderly every day. Are you willing to take ten days to risk it?”
Interview with NASDAQOMX CEO Robert Greifeld
“Last Thursday Morgan went to 13 at 11:30 a.m. In addition there was more shocking news that mutual funds were being shut down. It was a dangerous time to be in the market. Clearly we need Congressional oversight to plan and if we do that, and get the plan approved by the week end, I think we will see better times going forward.”
Interview with former Federal Reserve Board of Governor, Professor Frederic S. Miskin
“Look at history, when people dilly dallied in these situation. Horrendous things can happen. The faster you act versus contemplating your navel…The reality is [that] the financial system is the same as the Great Depression—the shock is worse and more complicated. We have to get it done to stabilize the markets. Without that the discussion about the future is mute.“
On Sunday, Hank Paulson did the rounds on a number of talk shows. Part of his interview with Chris Wolf follows:
Chris Wolf: “Will you bail out hedge funds?” Paulson: “It is not our intention.” Wolf: “What guarantee do we have that they will be worth anything?” Paulson: “There are no guarantees and the taxpayer is at risk. This is not a spending program. The funds would buy and sell those assets and the monies will come back into the treasury. Cost will be determined by how quickly the economy recovers and again, I hate the fact that we have to do it and it is better than the alternative. Once we stabilize the markets—we have regulatory system that is broken, outdated, and needs to be updated. This program is designed to minimize the cost to American public and taxpayer. There is greater risk in not doing it.”
When the currency crisis happened in Indonesia, a businessman that a friend of mine is acquainted with was gravely affected. His business was worth $40M and he had a small mortgage at a large bank which failed during the crisis. Although he continued to pay principal and interest payments on the loan, the bank called it in and he could not refinance. The bankers took his entire business, house, and everything. Interestingly enough the IMF came in and provided a $14.1B bailout loan and a new agency was created. One unit of the agency was in charge of loan restructuring and the other was in charge of the disposal of equity holdings.
In the end, the entire Indonesian banking system, corporations and everything, apart from a handful of foreign banks were nationalized. Does any of this sound similar to what is being proposed? Fannie and Freddie have effectively been nationalized. Paulson is setting up a Resolution Trust type of corporation to deal with the assets and today. Do you think America will escape what many other countries have suffered at the hands of the very strong central banks which control the world’s monetary system?
Please visit Joan’s website:. Call 301-371-0541 to purchase her newsletter, “Global Observations.” The last three issues discuss in detail the structural changes to the stock market and to our financial system. Joan’s two recent videos go hand in hand: “21st Century Feudalism,” a two hour teaching and “Creative Destruction and the 2008 Credit Crisis—the Final Loss of American Financial Sovereignty” just recorded two days ago.
© 2008 Joan Veon - All Rights Reserved
Joan Veon is a businesswoman and international reporter, who has covered over 100 Global meetings around the world since 1994. Please visit her website: http://www.womensgroup.org. To get a copy of her WTO report, send $10.00 to The Women's International Media Group, Inc. P. O. Box 77, Middletown, MD 21769. For an information packet, please call 301-371-0541
E-Mail: t7w7g7@... Website: http://www.womensgroup.org
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