Comments on: Bailout Lacks Oversight Despite Billions Pledged

By: Internal Patriot

Internal Patriot — Sat, 15 Nov 2008 15:09:21 +0000

#10- You are absolutely…without a doubt…correct.

By: KLC

KLC — Fri, 14 Nov 2008 16:38:19 +0000

$290 billion of the Wallstreet bailout is missing

http://ca.youtube.com/watch?v=dEJjeNByWSg

By: REALITY_CHECK

REALITY_CHECK — Fri, 14 Nov 2008 13:55:29 +0000

On 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 Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress and 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conclude that this Executive Order has never been repealed, amended, or
superceded by any subsequent Executive Order.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. “United States Notes” were issued as an interest-free and
debt-free currency backed by silver reserves in the U.S. Treasury.
In the illustrations below, a “Federal Reserve Note” issued from the
private central bank of the United States (the Federal Reserve Bank a/k/a
Federal Reserve System), is compared with a “United States Note” from the
U.S. Treasury issued by President Kennedy’s Executive Order. They almost
look alike, except one says “Federal Reserve Note” on the top while the
other says “United States Note”. Also, the Federal Reserve Note has a green
seal and serial number while the United States Note has a red seal and
serial number.
President Kennedy was assassinated on November 22, 1963 and the United
States Notes he had issued were immediately taken out of circulation.
Federal Reserve Notes continued to serve as the legal currency of the
nation. According to the United States Secret Service, 99% of all U.S. paper
“currency” circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes.
This is a very simple matter of economics. The USN was backed by silver and
the FRN was not backed by anything of intrinsic value. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new “money”. Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
worth something.
Again, just five months after Kennedy was assassinated, no more of the
Series 1958 “Silver Certificates” were issued either, and they were
subsequently removed from circulation.
Perhaps the assassination of JFK was a warning to all future
presidents not to interfere with the private Federal Reserve’s control over
the creation of money.

By: BuddahChief

BuddahChief — Fri, 14 Nov 2008 12:23:57 +0000

Simon .. At least an Assault rifle 9mm/.556 perhaps a side arm as well … i prefer a 9mm. Don’t forget lots of rounds.

By: marly

marly — Fri, 14 Nov 2008 04:17:00 +0000

you cant get blood from a stone.

By: REALITYZONE

REALITYZONE — Thu, 13 Nov 2008 23:17:34 +0000

there was never any oversight intended. it was not suppose to start for two months if i remember right. in the mean time the foxes are still in the hen house stealing and eating up america. it is over folks, face it. the new world order just jumped by leaps and bounds. DEFAUL AND A NEW CURRENCY has now been put on steroids. they might jist skip the NAU and go to a sinoicas. our disease is and has been sinoicas america borrowing from china to fund our illegal wars and money printing. they never raises taxes or worry about defecits because they know they will not pay their bills. default will be their answer, the loss pof our freedom and country will be the result. welcome to the new world order.

By: the world according to Garp

the world according to Garp — Thu, 13 Nov 2008 20:25:32 +0000

the Federal Reserve has never been audited nor will they ever be. that’s what happens when you allow somebody to have a monopoly on your financial system.
people with pitchforks will have to go in there and toss them out on the street, otherwise nothing will change. people on youtube are starting to get the right idea…

http://www.youtube.com/watch?v=0ogz1nMM2U4

By: Wez the Aussie

Wez the Aussie — Thu, 13 Nov 2008 20:14:12 +0000

I think we need to turn on all “Western Governments”. We are being shafted.

By: Casual Observer

Casual Observer — Thu, 13 Nov 2008 19:43:35 +0000

“I don’t think anyone understands right now how we’re going to do proper oversight of this thing.”

That was known before the deal and the intentional part that made sure no one ever would. Paulson wasn’t even sure of how much of a crisi existed when asking for the handout to give to the FED.

One selfish generation of Americans passing a tax burden on to the next two generations.

By: Predatory Globalism

Predatory Globalism — Thu, 13 Nov 2008 19:31:19 +0000

No more bubbles.