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-- increased labor productivity by 50 - 75%; and
-- more still "with a Treasury that was completely broke and a Congress that hadn't been paid."
How? By nationalizing banking so government could print its own money, interest free, without paying usury to bankers. As a result, "the economy was jump-started with a 600 percent increase in government spending and cheap credit directed" toward productive growth, the kind impossible under a predatory bank-run financialized system for their own self-interest.
After the war, Lincoln was assassinated, of course. The Legal Tender Act was rescinded. A new national banking act was passed, and money became interest-bearing again in private hands.
Nonetheless, John Kennedy confronted Wall Street by issuing Executive Order (EO) 11110 on June 4, 1963 to:
-- amend EO 10289 (dated September 17, 1951) designating and empowering the Treasury Secretary to perform certain "functions of the President without the approval, ratification, or other action of the President;"
-- perhaps bypass the Fed and empower the president to issue currency; it constitutionally empowered the federal government to create and "issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury;"
-- though not verified, some believe he then ordered the Treasury Secretary to issue nearly $4.3 billion worth of United States Notes, perhaps to replace Federal Reserve Notes; whether or not he planned to end the Federal Reserve System is speculation, but perhaps fearing it, among other reasons, led to his assassination five months later;
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