Kennedy's United States Notes

[Peter Lemkin]

[ATTACH=CONFIG]4263[/ATTACH][ATTACH=CONFIG]4262[/ATTACH] These were all collected and most all destroyed shortly after JFK's Assassination. Only a very few exist in collections. I was just looking on a currency forum and one lone person is trying to tell the others who tell him, no he is mistaken and they never existed ....even seemingly non-political parts of history are made to 'disappear', replaced by lies or just not reported.

"If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

~President Thomas Jefferson, letter to Treasury Secretary Albert Gallatin (1802)

Seems as if 'ol Tom Jefferson got it exactly correct 211 years ago! Sadly, his warning was not heeded, and his dire prediction has all but completely come to pass! For me, it already has...as for many, many other Americans - and growing FAST!

NB - Also see first quote in signature, below.

[Peter Lemkin]

After JFK was assassinated, by just five months later, no more silver certificates were issued. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $16 trillion in debt has been created since 1963, and if a U.S. president had/would utilize[d] Executive Order 11110 the debt could be rapidly removed. Cui bono?!

[David Josephs]

[ATTACH=CONFIG]4263[/ATTACH][ATTACH=CONFIG]4262[/ATTACH] These were all collected and most all destroyed shortly after JFK's Assassination. Only a very few exist in collections. I was just looking on a currency forum and one lone person is trying to tell the others who tell him, no he is mistaken and they never existed ....even seemingly non-political parts of history are made to 'disappear', replaced by lies or just not reported.

"If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

~President Thomas Jefferson, letter to Treasury Secretary Albert Gallatin (1802)

Seems as if 'ol Tom Jefferson got it exactly correct 211 years ago! Sadly, his warning was not heeded, and his dire prediction has all but completely come to pass! For me, it already has...as for many, many other Americans - and growing FAST!

NB - Also see first quote in signature, below.

""Let me issue and control a nation's money and I care not who writes the laws. - Mayer Rothschild "

Couldn't agree more with you Peter.... Fact is, Money - actually the desire to have all of it - is the root of all evil.


http://www.xat.org/xat/moneyhistory.html

THE ROTHSCHILDS (1743)


A goldsmith named Amshall Moses Bower opened a counting house in Frankfurt Germany in 1743. He placed a Roman eagle on a red shield over the door prompting people to call his shop the Red Shield Firm pronounced in German as "Rothschild".

His son later changed his name to Rothschild when he inherited the business. Loaning money to individuals was all well and good but he soon found it much more profitable loaning money to governments and Kings. It always involved much bigger amounts, always secured from public taxes.

Once he got the hang of things he set his sights on the world by training his five sons in the art of money creation, before sending them out to the major financial centres of the world to create and dominate the central banking systems.

J.P. Morgan was thought by many to be the richest man in the world during the second world war, but upon his death it was discovered he was merely a lieutenant within the Rothschild empire owning only 19% of the J.P. Morgan Companies.

"There is but one power in Europe and that is Rothschild."
19th century French commentator [SUP]1[/SUP]

[Adele Edisen]

After JFK was assassinated, by just five months later, no more silver certificates were issued. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $16 trillion in debt has been created since 1963, and if a U.S. president had/would utilize[d] Executive Order 11110 the debt could be rapidly removed. Cui bono?!

Probably because they are not ignorant of US history and not willing to risk their lives(?) Earlier presidents (Lincoln, Garfield, McKinley, Kennedy) were all killed. Andrew Jackson, Franklin Roosevelt, and Congressional Representative Louis MacFadden had assassination attempts made on their lives. All of these seven people named here were opposed to privately owned central banking systems in one way or another. Louis MacFadden courageously introduced a bill in Congress to do away with the Federal Reserve System of private banking. His bill can be read on Google under his name.

There would also have to be an educated citizenry in the US to urge elimination of our privately owned central banking system. During the 1930s, economists at the University of Chicago devised "The Chicago Plan" which would have worked toward that end. But the Henry Luce and other publishing and mass media moguls would have and did propagandize against such "radical" ideas. Recently, Ron Paul, Representative from Texas tried to get the Fed Reserve to be audited. Representative Dennis Kucinich introduced a bill in the House to bring the Fed Res under the control of the Treasury Department which is still sitting in Committee waiting to be voted on. Kucinich lost his seat due to redistricting in Ohio. I understand he has now become a Fox in the Henhouse at Fox News (HA!)

Adele

[Adele Edisen]

[ATTACH=CONFIG]4263[/ATTACH][ATTACH=CONFIG]4262[/ATTACH] These were all collected and most all destroyed shortly after JFK's Assassination. Only a very few exist in collections. I was just looking on a currency forum and one lone person is trying to tell the others who tell him, no he is mistaken and they never existed ....even seemingly non-political parts of history are made to 'disappear', replaced by lies or just not reported.

"If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

~President Thomas Jefferson, letter to Treasury Secretary Albert Gallatin (1802)

Seems as if 'ol Tom Jefferson got it exactly correct 211 years ago! Sadly, his warning was not heeded, and his dire prediction has all but completely come to pass! For me, it already has...as for many, many other Americans - and growing FAST!

NB - Also see first quote in signature, below.

Peter,

There also was a $2.00 bill issued along with the $5.00 bill in 1963. It had a bit of a longer life, as noted by Wikiperia:

United States two-dollar bill

From Wikipedia, the free encyclopedia

Two dollars

(United States)

Width:
155.955 mm

Height:
66.294 mm

Weight:
Approx. 1 g

Security Features:
None

Paper Type:

75% cotton
25% linen

Years of Printing:
18621966,
1976present (Federal Reserve Note)


Obverse
(Picture of Thomas Jefferson)

Design:
Thomas Jefferson

Design Date:
1928

Reverse
(Picture of Painting - Trumbull's Declaration of Independence)

Design:
Trumbull's Declaration of Independence

Design Date:
1976

The United States two-dollar bill ($2) is a current denomination of U.S. currency. President Thomas Jefferson is featured on the obverse of the note. The reverse features an engraved modified reproduction of the painting The Declaration of Independence by John Trumbull.

The bill was discontinued in 1966 but was reintroduced 10 years later as a potential cost-saving measure. Today, it is seldom seen in circulation, and as a result, the production of the note is the lowest of U.S. banknotes: under 1% of all notes currently produced are $2 bills. This comparative scarcity in circulation, coupled with a lack of public awareness that the bill is still in circulation, has also inspired urban legends and occasionally has created problems for people trying to use the bill to make purchases.

Throughout the $2 bill's pre-1929 life as a large-sized note, it was issued as a United States Note, National Bank Note, Silver Certificate, and Treasury or "Coin" Note. When U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. After United States Notes were discontinued, the $2 bill later began to be issued as a Federal Reserve Note. They are delivered in stacks of 100, with a green strap.

Adele

[Peter Lemkin]

Rep. Louis T. McFadden was the president of the Pennsylvania Bankers' Association (1914-15) and president of the First National Bank of Canton, Pennsylvania (1916-25). He had been Chairman of the House Banking and Currency Committee for over 10 years when he made this speech denouncing the Federal Reserve System.

"When the Federal Reserve act was passed, the people of the United States did not perceive that... the United States were to be lowered to the position of a coolie country which has nothing but raw materials and heavy goods for export; that Russia [China, India...] was destined to supply the man power and that this country was to supply financial power to an international superstate -- a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure."

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it".

Rep. Louis T. McFadden, June 10, 1932.

McFadden was assassinated on October 3, 1936 by poisoning, after two previous attempts by gunfire.

AssassinationNation

[Peter Lemkin]

Last week on "The Daily Show," Jon Stewart characterized the proposal that the White House circumvent the debt ceiling by minting a trillion dollar coin as an attempt to "just make sh*t up."

Economist and NY Times columnist Paul Krugman responded with a critical blog post accusing Stuart of a "lack of professionalism" for not taking the trillion dollar coin seriously. However, Krugman himself had called the idea "silly." He thought it was just less silly -- and less dangerous -- than playing with the debt ceiling, which was itself an unconstitutional shackle on the Treasury's ability to pay debts already incurred by Congress.

Stewart responded on January 15 that he stood by his "ignorant conclusion that a trillion dollar coin minted to allow the president to circumvent the debt ceiling, however arbitrary that may be, is a stupid f*cking idea."

It's all good fun -- or is it? Most commentators have missed the real significance of the trillion dollar coin. It is not just about political gamesmanship. For centuries, a secret battle has raged over who should create the nation's money supply -- governments or banks. Today, all that is left of the US Treasury's money-creating power is the ability to mint coins. If we the people want to reclaim that power so that we can pay our obligations when due, the Treasury will need to mint more than nickels and dimes. It will need to create some coins with very large numbers on them.

To bail out the banks, the Federal Reserve, as head of the private banking system, issued over $2 trillion as "quantitative easing," simply by creating the money on a computer screen. Congress, the White House, and the Treasury all rolled over and acquiesced. When it was proposed that the government bail itself out of its budget woes by minting a $1 trillion coin, the Federal Reserve said it would not accept the Treasury's legal tender. And the White House again acquiesced, evidently embarrassed to have entertained this "ludicrous" alternative.

Somehow we have come to accept that it is less silly for the central bank to create money out of thin air and lend it at near zero interest to private commercial banks, to be re-lent to the public and the government at market interest rates, than for the government to simply create the money itself, debt- and interest-free.

The banks obviously have the upper hand in this game; and they've had it for the last 2-1/2 centuries, making us forget that any other option exists. We have forgotten our historical roots. The American colonists did not think it was silly when they escaped a grinding debt to British bankers and a chronically short money supply by printing their own paper scrip, an innovative solution that allowed the colonies to thrive.

In fact, the trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: national debt-free money creation. Some of our greatest leaders, including Benjamin Franklin, Thomas Jefferson, and Abraham Lincoln, promoted the essential strategy behind it: that debt-free money offers a way to break the shackles of debt and free the nation to realize its full potential.

We have lost not only the power to create our own money but the memory that we once had that power. With the help of such campaigns as Occupy Wall Street, Strike Debt, and the Free University, however, we are starting to re-learn the great secret of money: that how it gets created determines who has the power in society -- we the people, or they the bankers.

It is no secret who has that power today. In the great bailout of 2008, banks were rewarded for making irresponsible and fraudulent gambles in the subprime mortgage scandal, with no one serving time in jail. Then there was the robosigning scandal, in which banks committed criminal fraud and came away with a slap on the wrist. Now we are seeing the LIBOR scandal unfold. While a commoner might get 10-20 years for robbing a bank, bank executives get huge bonuses for robbing us.

We may rail against the banks and demand change, but nothing will change until we grasp their fundamental secret, the foundation of their power: that those who create the nation's money control the nation. By mechanisms explained elsewhere, nearly the entire money supply today is created by banks.

Remembering Our Roots: A Refresher Course
Benjamin Franklin was called called "the Father of Paper Money." He argued before the British Parliament that government-issued money had allowed the colonies to escape the yoke of debt, to thrive and grow. The king, urged by the Bank of England, responded by forbidding all new issues of paper scrip. The colonial economy then sank into a depression, and the colonists rebelled. They won the revolution, but the power to create money was lost to a private banking oligarchy modeled on the one dominated by the Bank of England.

Fourscore and six years later, President Abraham Lincoln boldly took back the money power during the Civil War. To avoid exorbitant interest rates of 24% to 36%, he decided to print money directly from the US Treasury as US Notes or "greenbacks." The issuance of $450 million in greenbacks was key to funding not only the North's victory in the war but an array of pivotal infrastructure projects, including a transcontinental railway system.

Lincoln was assassinated, however and,the greenback program was quickly discontinued. Repeated popular attempts to revive it failed. In 1872, according to Lynn Wheeler in Triumphant Plutocracy: The Story of American Public Life from 1870 to 1920, New York bankers sent a letter to every bank in the United States, urging them to fund newspapers that opposed government-issued money. The letter read in part:

Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers . . . as will oppose the issuing of greenback paper money, and that you also withhold patronage or favors from all applicants who are not willing to oppose the Government issue of money. Let the Government issue the coin and the banks issue the paper money of the country. . . . [T]o restore to circulation the Government issue of money, will be to provide the people with money, and will therefore seriously affect your individual profit as bankers and lenders.

Bank-created money (which now includes electronic money) could be rented at a profit to the people. The "people's money" was limited to coin, which today composes less than one ten-thousandth of M3, the broadest measure of the money supply.

Lincoln's assassination and the abandonment of debt-free greenbacks effectively marked the exchange of one type of slavery (race-based) for another (wage- and debt-based). As a result, the American government and American people are so heavily mired in debt today that only a radical overhaul of the monetary system can free us.

Gimmick or Game-Changer?
That is the real context and backstory of the trillion dollar coin. The stakes are much higher today than just fending off the debt ceiling. We the people need to take back the power to issue our own money, and coins are the only means left to us to do it.

The idea of minting large denomination coins to solve economic problems was evidently first suggested by a chairman of the Coinage Subcommittee of the U.S. House of Representatives in the early 1980s. He pointed out that the government could pay off its entire debt with some billion-dollar coins. The Constitution gives Congress the power to coin money and regulate its value, and no limit is put on the value of the coins it creates. In Web of Debt (2007), I suggested that to solve the government's debt problems today these would need to be trillion dollar coins.

In legislation initiated in 1982 , however, Congress chose to impose limits on the amounts and denominations of most coins. The one exception was the platinum coin, which a special provision allowed to be minted in any amount for commemorative purposes.

An attorney named Carlos Mucha, blogging under the pseudonym Beowulf, proposed issuing a platinum coin to capitalize on this loophole, after hearing me mention the trillion dollar coin in a Thom Hartmann interview. At first it was just an amusing exercise. But with the endless gridlock in Congress over the debt ceiling, it got picked up by serious economists as a way to checkmate the deficit hawks.

Philip Diehl, former head of the US Mint and co-author of the platinum coin law, confirmed that the coin would be legal tender:

In minting the $1 trillion platinum coin, the Treasury Secretary would be exercising authority which Congress has granted routinely for more than 220 years . . . under power expressly granted to Congress in the Constitution (Article 1, Section 8).

Warren Mosler, one of the founders of Modern Monetary Theory, reviewed the idea and concluded it would work operationally. The funds would simply be new reserve balances at the Fed rather than new Treasury securities.

Joe Firestone pointed out that the trillion dollar coin could solve the government's debt problems once and for all, putting was in its grasp the power to replace austerity with the abundance enjoyed by our forefathers.

The trillion dollar coin can raise cries of "hyperinflation!" It evokes images of million-mark notes filling wheelbarrows. But as economist Michael Hudson observes:

Every hyperinflation in history has been caused by foreign debt service collapsing the exchange rate. The problem almost always has resulted from wartime foreign currency strains, not domestic spending.

Prof. Randall Wray explains that the coin would not circulate but would be deposited in the government's account at the Fed, so it could not inflate the circulating money supply. The budget would still need Congressional approval. To keep a lid on spending, Congress would just need to abide by some basic rules of economics. It could spend on goods and services up to full employment without creating price inflation (since supply an d demand would rise together). After that, it would need to tax -- not to fund the budget, but to shrink the circulating money supply and avoid driving up prices with excess demand.

Time to Take Back the Money Power
The current economic crisis cannot be solved with the thinking that created it. There is simply not enough money in the system to fund the services we desperately need, pay down the debt, and keep taxes affordable. The money supply has shrunk by $4 trillion since 2008, according to the Fed's own website. The only solution is to add more money to the real, producing economy; And that means some congressionally-mandated entity needs to create it, either the Fed or the Treasury.

The Fed has declined. In flatly rejecting the Treasury's legal tender, the Fed as representative of the banks is asserting itself as outranking the elected representatives of the people. If the Fed won't acknowledge the coins created by the government, perhaps the government needs to charter a publicly-owned bank that will.

We have a chance today to end the charade of big money gridlock politics, as well as the reign of the big banks. We have the power to choose prosperity over austerity. But to do it, we must first restore the power to create money to the people.

[Peter Lemkin]

After a lot of research, I think I've figured out what seems to be purposeful hiding of the history of the $2 bills which stated 'United States Note' in 1963. At some point after JFK's assassination, the motto IN GOD WE TRUST was added, and the WILL PAY TO THE BEARER ON DEMAND was removed from the obverse. All of these $2 bills were officially discontinued in August 1966.

[Peter Lemkin]

NARA Search Results

1. Interview with James Saxon Currency Comptroller for President JFK

archive.org › Ebook and Texts Archive › Community Texts‎
Interview with James Saxon Currency Comptroller for President Kennedy. Author: MyNews1951. Keywords: James Saxon; John F. Kennedy; Federal Reserve

Many of us have written to the JFK Library and asked for the release of the papers of James Saxon, Comptroller of the Currency, to no avail. Hopefully a few more JFK Researchers will write to the Library and request that these important papers be released this year.
Attached is a letter to the contact for this department at the JFK Library, which contains more exact information about the files that are still sealed.

[Phil Dragoo]

http://archive.org/stream/InterviewWithJ...r_djvu.txt


WHERE BANKERS DIFFER-


Q The majority of Federal Reserve Board members, including Chairman William McChesney Martin, do not seem to agree with you.


A I think there's a basic difference in the philosophy of government here. The Federal Reserve is more control-minded than we are. I think their controls are far too tight.


Q How would you describe your relations with the Federal Reserve Board?


A With some exceptions, I think they are all right


Q When you went to Congress recently your proposals for relaxing some of the controls on banking, Chairman Martin opposed each one

~ ~ ~



Q Were you surprised when the Federal Reserve Board came out vigorously in opposition to the bills you proposed to Congress for relaxing some of the rules on banking?


A No, I wasn't. I'll tell you why. The Federal Reserve Board is the principal regulatory spokesman and champion of the State banks. These include some of the country's big State banks, like the Chase-Manhattan [of New York], which are plainly apprehensive of the growth in competitive capacity of the national banking system.


Q Do you think the Federal Reserve System as it now exists ought to be updated, or overhauled?


A Yes, that's exactly what I think. Membership in the System ought to be voluntary

Adding information on Chase Manhattan

The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by the Bank of the Manhattan Company (established in 1799),[SUP][18][/SUP] the company's oldest predecessor institution. The Bank of the Manhattan Company was the creation of Aaron Burr, who transformed The Manhattan Company from a water carrier into a bank.
According to page 115 of An Empire of Wealth by John Steele Gordon, the origin of this strand of JPMorgan Chase's history runs as follows:

At the turn of the nineteenth century, obtaining a bank charter required an act of the state legislature. This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. Hamilton's political enemyand eventual murdererAaron Burr was able to create a bank by sneaking a clause into a charter for a company, called the Manhattan Company, to provide clean water to New York City. The innocuous-looking clause allowed the company to invest surplus capital in any lawful enterprise. Within six months of the company's creation, and long before it had laid a single section of water pipe, the company opened a bank, the Bank of the Manhattan Company. Still in existence, it is today J. P. Morgan Chase, the largest bank in the United States.

Led by David Rockefeller during the 1970s and 1980s, Chase Manhattan emerged as one of the largest and most prestigious banking concerns, with leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services.

Apparently now it's JPMorgan Chase and HSBC, the latter which acquired Safra's Republic after his suspicious death December 3, 1999

Saxon attempted an end run around the Fed five months before the public execution of the unrepentant chief executive.