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Kennedy was killed when he tried to shake the Fed's right to issue money

author:Ho Tsang Fa
Kennedy was killed when he tried to shake the Fed's right to issue money

35th President of the United States (January 1961 – November 1963) Kennedy

In 2003, the 40th anniversary of Kennedy's assassination, ABC Broadcasting Company conducted a survey, and 70% of Americans believed that the assassination of Kennedy was a larger conspiracy.

Such massive coordination and organization, such visible evidence, and the banning of witnesses suggest that the Kennedy assassination was no longer a secret murder, but more like a public execution, intended to warn future U.S. presidents to find out who is the true master of the country.

Kennedy was killed when he tried to shake the Fed's right to issue money

The problem is that the Kennedy family is also a "circle of insiders" in the international banker group, and his father Joseph was the chairman of the first U.S. Securities and Exchange Commission (SEC), who was later appointed by President Roosevelt, and was among the billionaires as early as the 1940s. So why did Kennedy incriminate the entire ruling elite and end up with a killing?

Kennedy was killed when he tried to shake the Fed's right to issue money
Kennedy was killed when he tried to shake the Fed's right to issue money

There is no doubt that Kennedy was an ambitious and talented figure, and when he sat on the presidency at a young age, he encountered such a major challenge as the Cuban Missile Crisis, and his performance was firm and remarkable, and he did not compromise in the face of the huge danger of nuclear war with the Soviet Union, and finally forced Khrushchev to retreat. Kennedy also pushed the U.S. space program with great enthusiasm, eventually setting foot on the moon for the first time, and although he did not see the great moment with his own eyes, his magical appeal accompanied the entire program. The Kennedy brothers were even more successful in advancing the civil rights movement. When the first black college student tried to enroll at the University of Mississippi in 1962, it sparked fierce opposition from local whites, and the eyes of the whole Country were focused on this focus of the civil rights movement. Kennedy resolutely ordered 400 federal law enforcement officers and 3,000 National Guard officers to escort the black student to school, which shocked American society and Kennedy was immediately loved by the people. At his call, American youth joined the Peace Corps and volunteered to help the development of education, health, and agriculture in the world's third world countries.

In the short 3 years of Kennedy's administration, it is indeed a generation of heroes to have such dazzling achievements. With such a heroic ambition, such a decisive and resolute heart, coupled with the love of the American people and the admiration of the world, is Kennedy willing to be a "puppet" figure?

As Kennedy became more and more determined to run the country according to his own good intentions, he was bound to come into sharp conflict with the powerful and invisible ruling elite behind him. When the focus of the conflict came to the core and most sensitive issue of the ruling elite dominated by international bankers - the right to issue money, Kennedy may not have known that his limit had been reached.

On June 4, 1963, Kennedy signed a little-known Executive Order 11110, which ordered the U.S. Treasury Department to "issue a 'Silver Certificate' backed by any form of silver owned by the Treasury Department, including: silver ingots, silver coins, and standard silver dollars," and immediately entered the currency into circulation. Kennedy's intention is clear, to take back the right to issue money from the hands of the federal reserve, a private central bank! If the plan is finally implemented, the U.S. government will gradually get rid of the absurd situation of having to "borrow" money from the Fed and pay high interest, and the currency backed by silver is not a debt currency that "overdrafts the future", but an "honest currency" based on the fruits of people's labor. The circulation of "silver bills" will gradually reduce the circulation of the Federal Reserve Note issued by the Federal Reserve, and it is likely to eventually force the Fed bankrupt.

Kennedy was killed when he tried to shake the Fed's right to issue money

If they lose control of the issuance of money, international bankers will lose most of their influence over the United States, the largest creator of wealth, which is a fundamental question of life and death.

To understand the origin and significance of Presidential Decree 11110, we must start with the rise and fall of silver in the United States.

Silver became legal in the United States began with the Coinage Act of 1792 of 1792, which established the legal status of the dollar. One dollar contains 24.1 grams of sterling silver, with a gold-silver ratio of 1 to 15. The dollar is the most benchmark measure of the U.S. currency based on silver. Since then, the United States has maintained a dual-track system of gold, silver and currency for a long time.

By February 1873, the Minting Act of 1873, under pressure from the Rosschild family in Europe, abolished the monetary status of silver and introduced a single gold standard, and since the Rothschild family controlled most of the world's gold minerals and gold supply, they effectively controlled the money supply throughout Europe. Silver is more dispersed than gold, production and supply are much larger, and it is more difficult to control, so around 1873, the Rothschild family coerced most european countries to abolish the monetary status of silver and implement a complete gold standard. The United States is also one step in this overall step. The bill provoked strong opposition in the western silver-producing states of the United States, known as the "Crime of 1873", and followed by a vigorous grassroots movement in favor of silver.

In order to balance the influence of bankers from European influence in the New York area, congress passed the Bland-Allison Act of 1878, which required the U.S. Treasury to buy $2 million to $4 million worth of silver per month, and the gold-silver ratio was reset to 1:16. Silver coins are just as legally binding as gold coins and can be used to pay all public and private debts. Like the "gold coupons", the Ministry of Finance also issued "silver bills", and the "silver coupons" of one dollar corresponded directly to the silver coins of one dollar for easy circulation.

Kennedy was killed when he tried to shake the Fed's right to issue money

(One dollar "silver coupon", which can be exchanged directly for one dollar equivalent silver coin)

Later, the Brand-Ellerson Act of 1878 was replaced by the Sherman Silver Purchase Act of 1890, which increased the amount of silver that the Treasury had to buy, adding 4.5 million ounces per month to the previous one.

Since the establishment of the Federal Reserve in 1913, the "Federal Reserve Note" has been issued, and by the time of the Great Recession in 1929, the "Federal Reserve Note" has gradually occupied the main share of the circulation of money. By 1933, "Fed bills" could still be exchanged for the equivalent gold.

(1914 one dollar "Fed coupon", which can be indirectly exchanged for equivalent gold coins)

In 1933, there were also "Gold Certificates" and "U.S. Government Bills" in the field of currency circulation.

(A $50 gold coupon in 1913, which can be exchanged directly for $50 equivalent gold coins, is illegal to hold the currency after 1933)

It was Lincoln's first fiat currency issued during the Civil War, the United States Note, the "Greenbacks." Its total circulation is limited to 6,681,016. In 1960, it accounted for only 1% of total U.S. money in circulation.

Kennedy was killed when he tried to shake the Fed's right to issue money

Lincoln Green Coin

("U.S. Government Bills", or "Lincoln Green Coins")

In addition to the above 4 major currencies, there are a small number of other forms of money coexisting.

After Roosevelt abolished the gold standard in 1933 and declared it illegal to own gold, gold coupons were withdrawn from circulation. Only "Fed bills", "silver bills" and "U.S. government bills" are left in the field of U.S. money circulation, which are not regarded as a major threat by international bankers because of their innate inadequacy and upper limit on issuance. "Silver coupons" are much more troublesome.

Since the U.S. Treasury department was required to buy silver all year round, by the 1930s, the U.S. Treasury department already had more than 6 billion ounces of silver (Troy Once), roughly close to 200,000 tons of huge reserves, coupled with silver minerals all over the world, the production volume is also quite considerable, if all of them are monetized to issue "silver bills", it is bound to become the biggest dream of international bankers.

The Federal Reserve Act of 1913 stipulated that if the Fed dissolved, all Fed bills still in circulation must be recovered in equivalent silver, and after Roosevelt helped international bankers abolish the gold standard in 1933, the circulation of U.S. money was actually under the "silver standard".

Without the abolition of silver's monetary status, the "great cause" of "cheap money" and "deficit finance" will be severely hampered, and the dream of international bankers to unknowingly plunder citizens' wealth through inflation, a more efficient financial instrument, will be contained.

With the implementation of World War II and large-scale deficit finances, coupled with the huge expenditure on rebuilding the European economy after the war, as well as the involvement of the Korean War and the escalation of the Vietnam War, the Large-scale issuance of Treasury bonds by the Federal Reserve was gradually discovered by the market, and the American people continued to exchange "silver coupons" for silver coins and silver ingots from the 1940s, resulting in a sharp decline in the Astronomical Silver Reserves of the Treasury Department. Demand for silver in the electronics and space industries, which began to flourish in the 1950s, was exacerbated by the sharp increase in demand for silver, and by the time Kennedy entered the White House in the early 1960s, the Treasury's silver reserves had plummeted to 1.9 billion ounces. At the same time, the market price of silver has soared, gradually approaching the monetary value of silver coins of $1.29. When the "silver coupons" are exchanged for silver in kind, the "silver coupons" will naturally withdraw from circulation, and the effect of the "Gresham's Law" of "bad money expelling good money" will appear.

All this is the background of Kennedy's signing of Presidential Decree 11110.

Defending silver and abolishing its monetary status became the focus of the struggle between Kennedy and international bankers.

For international bankers, the complete abolition of gold's monetary status is already in the process of being fully planned, but solving the silver problem has a higher priority. Since the potential mineral resources of silver are very large, once the countries of the world start larger-scale exploration and development guided by market prices, not only will it be difficult to achieve the goal of abolishing the gold standard, but also will fall into a two-front battle between gold and silver. Once the supply of silver rises sharply, the "silver coupons" are likely to resurrect and compete with the "Federal Reserve bonds" again, because the US government holds the great power to issue "silver coupons", and it is still uncertain who will die at that time. If the "silver coupons" prevail, the survival of the Fed is at great risk.

Therefore, the most urgent task of international bankers is to depress the price of silver as much as possible, on the one hand, to keep the world silver mining industry in a state of loss or small profit, thereby delaying the exploration and development of silver ore and reducing the supply; on the other hand, to promote the surge in industrial silver, so that the research and application of alternative silver materials becomes unnecessary, so as to consume the only remaining silver reserves of the US Treasury department at the fastest speed. When the Ministry of Finance cannot come up with silver, the "silver coupons" will naturally fall without a fight, and it will be logical to abolish the monetary status of silver. The key is to buy time.

Kennedy, of course, was well aware of this, and on the one hand he expressed his opinion to international bankers that the currency status of silver could be considered at the right time, and on the other hand, he arranged for it differently. Unfortunately, his Treasury Secretary Douglas. Douglas Dillon was not his confidant, born into a wall Street banking family, and as a Republican, he was forced into Kennedy's Democratic cabinet by international bankers, and the main financial power was accounted for by Dillon to international bankers. After Thyron took office, his first job was to deplete the Treasury's silver reserves as quickly as possible. Sure enough, Dillon lived up to expectations, dumping a lot of silver on industrial users at an ultra-low market price of 91 cents an ounce. The Silver Users Association of America, founded in 1947, echoed Dillon's strong demand to "sell the remaining silver deposits (of the Treasury) to meet the needs of silver users."

The New York Times reported on March 19, 1961:

Senator complains about U.S. (Treasury) selling off at low prices (silver)

Senator Alan. Alan Bible today proposed to the Treasury Department a re-examination of its policy of selling silver in large quantities below international market prices. The Nevada Democrat was in a message to Treasury Secretary Douglas. In The Letter, Dillon said that domestic silver mining development in the United States had lagged behind consumer demand, and that the Treasury Department's dumping practice was to control an unrealistic price cap. The worldwide silver shortage can only be addressed through the massive development of new capacity in North and South America. 'It will only be possible to talk about it when the Treasury has eased the harsh price pressure on the domestic market and its neighbours,' he said. ”

The New York Times on August 19, 1961, also carried the following news:

The 13 Western Democratic senators, mainly from the silver-producing states, today submitted a joint letter to President Kennedy demanding that the Treasury Department immediately stop selling silver. Dumping by the Ministry of Finance has depressed the price of silver in the international and domestic markets.

The New York Times, October 16, 1961:

The Treasury's sell-off of silver reserves has put a tight lid on the price of the silver market. Industrial users knew they could get 91 to 92 cents of silver per ounce from the Treasury, so they refused to pay more to new silver producers.

The New York Times, November 29, 1961:

Silver producers were delighted to hear yesterday that President Kennedy had ordered the Treasury Department to stop selling money to industry. The industrial users of silver were shocked.

On November 30, 1961, the New York Times:

The price of silver has soared to the highest level in the New York market in 41 years, and with President Kennedy announcing on Tuesday a sweeping change in the U.S. government's silver policy, it was decided that the market would determine the price of silver. The first step was to immediately stop the Treasury from selling silver that did not have to support paper money ("silver coupons").

President Kennedy finally struck, albeit a little late, because the Treasury Department now had less than 1.7 billion ounces of silver left. But his decisive measures have sent a clear signal to silver producers around the world that rising silver production and stabilizing the Treasury's stock are all things to be expected. Silver's stock skyrocketed.

Kennedy's actions subversively undermined the attempts of international bankers.

In April 1963, Federal Reserve Chairman William H. Lee was released from the United States. Speaking at the congressional hearing, Martin said: "The Fed Committee is convinced that there is no need to use silver in the US monetary system. Although some people think that pulling silver out of the monetary system that supports a part of us may cause the currency to depreciate, I cannot agree with this view. ”

According to the general law, when the silver market gets a clear signal of price increases, to restart new resource exploration, add new equipment to expand the scale of production, and finally increase the total supply, it takes about 5 years, so whether it can finally maintain the monetary status of silver, thereby retaining the hope of direct issuance of currency by the US government, the key moment will be 1966.

The commanding heights that Kennedy fought with international bankers was silver's monetary status, and the entire battle was about whether the democratically elected government of the United States could finally retain the right to issue money. Once the supply of silver resumes in large quantities, Kennedy can join forces with the western silver-producing states to further promote legislation on the revaluation of the silver content of the dollar currency, increase the issuance of "silver coupons", and "silver coupons" are bound to rise again.

At that point, Presidential Decree 11110, signed by Kennedy on June 4, 1963, would immediately be a killer tactic against "Fed bills."

Unfortunately, international bankers also saw Kennedy's deployment. The president, beloved by voters, would almost certainly have been re-elected in the late 1964 election, and if Kennedy had been president for another four years, the situation would have become unmanageable. Getting rid of Kennedy became the only option.

When the international banker's favorite vice president succeeded him on the plane to become the 36th president of the United States on the day of Kennedy's assassination, he knew what the international bankers expected of him, and he could not and did not dare to live up to this "expectation".

Kennedy was killed when he tried to shake the Fed's right to issue money

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