Debt-Free United States Notes Were Once Issued Under JFK. U.S. Government Still Has The Same Power.

The Economic Collapse ^ | 12/19/2011 | Michael Snyder

[mas cerveza por favor]

“Unless this money is backed by a form of collateral (US notes were backed by gold and silver), it is fiat money and eventually be worth only the paper it is printed on.”

Not necessarily. Any currency the government accepts as payment for taxes is real money.

[ml/nj]

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

First the writer is speaking of currency, not money. I would be interested to know which part of the Constitution authorizes the US Government to issue (I think he means create. Words do mean things.) paper money. Finding this should be rather tricky as Madison said in the Federalist Papers that one of the clauses of the Constitution was included to protect the people from the pestilent effects of paper money. (Federalist No. 44)

ML/NJ

[mjp]

to maximize monetary stability, the treasury notes would have to be 100% backed by gold.

[mas cerveza por favor]

Dollars are government debt. The only issue in question is whether the government elects to pay interest on that debt or not.

Currently, private banks create money by ledger entry and loan it to the government at interest. Private bankers use unlimited money-creation powers to control the media, academia, many pastors, corporations, and individual politicians. That is why the government pays bankers interest instead of creating its own money.

[veracious]

There are some posts herein which clearly don’t understand, likely don’t want to either. Our _money_ is the largest scam in world history.

[zeugma]

This is a little known bit of trivia about the Kennedy administration. He was assasinated a few months after this program started. From what I understand, Johnson’s first executive order upon taking office was to end this program.

[zeugma]

Now, I have to consider yet another JFK assassination theory . . .

This has long been my favorite. See my previous post. It's always wise to follow the money.

[Vigilanteman]

My favorite theory has always been that LBJ arranged it. LBJ was the one that advised the trip to Dallas. LBJ was the one who was in charge of the details, including the seating, the motorcade route and the open car.

What convinced me was a History Channel special back in 2003, the 40th anniversary. Each evening for a week was devoted to a different theory or a combination of theories. Most of them were too complicated and involved too many people and/or too many agencies (CIA, etc.). The LBJ theory was not only convincing in its simplicity and small number of co-conspirators, but an interview with LBJ's mistress absolutely cemented it for me.

The lady was rational and credible. She said that LBJ always treated her tenderly except once when she asked about this rumor. He looked at her as if he was going to kill her and warned her never to speak of it again.

Now, I suppose it is entirely possible that LBJ's handlers in the New World Order gave him yet another motive to go through with the plot in addition to fear of being dropped from the VP slot in 1964, something JFK was openly considering with trusted advisors given that the LBJ scandals were about to blow. Google the Bobby Baker story sometime and see what you think.

[Justa]

US notes were issued until 1971.