It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
In 1963, President Kennedy signed Executive Order No. 11210 which issued $5 billion of currency directly from the US mint and bypassed the Fed. These notes could be redeemed for silver and gold. However, after Kennedy's assasination, President Johnson recalled these notes...The shocking truth is all notes issued since 1964 are no longer exchangeable for gold, silver or lawful money; they are all illegal under the Constitution.
Originally posted by blaqmyst
There was a Secretary of Treasury appointed by Nixon who was in the car that day. Amazing, this man had no economics experience or education, but he held the title. The sound echoed from the fence, but the real action happened on the front passenger side.
Sad when men will murder for cotton and green dye with faces of little men wearing wigs.
I HAVE a rendezvous with Death
At some disputed barricade,
When Spring comes back with rustling shade
And apple-blossoms fill the air—
I have a rendezvous with Death
When Spring brings back blue days and fair.
...
-Alan Seeger. 1888–1916
Originally posted by blaqmyst
The sound echoed from the fence, but the real action happened on the front passenger side.
Originally posted by dionysius9
The Federal Reserve working with the US Treasury are the only source of "legal tender" created for the United States.
When they print the bills we use as cash, it is handed over as a LOAN, with interest.
Let me say that again. They... print... money... on... paper. Then LOAN it to the United States, and charge interest on it.
Let that digest a minute.
Once it comes time to pay them the loan back, where does the interest come from? There's only one source of legal tender, and they only created the principal.
Answer? It can only come from the Fed again, of course. And again, it only comes in the form of another loan (with more interest!).
So to pay them back the money they gave us which comes from paper, we must borrow more paper from them. Over time this cycle repeats, and now we find ourselves in debt NINE TRILLION DOLLARS.
Google Video Link |