JFK and the Federal Reserve - A Historical Perspective

[Jim DiEugenio]

Good one Phil.

Saxon is a real interesting guy isn't he?

ANd hardly anyone writes about him.

[Adele Edisen]

I've been wanting to thank both of you, Jim and Phil, for your interest and information about John Saxon.

I have been thinking of factors which could have led up to John Kennedy's Executive Order No 11110 that ordered the Treasury Department to print 4.3 billion dollars in interest-free monies, backed by silver certificates, in June of 1963. John Saxon's work seems to have played a role in this. He was appointed to be Comptroller of the Currency to head the Office of the Comptroller of the Currency (OCC) on November 16, 1961, for a 5-year term, by President JKennedy.

I think John Kennedy, who read extensively in classical literature, philosophy, and history and became a democrat in every sense of the word, had some experiences and obtained knowledge during his lifetime which he drew upon as needed. In terms of current events, and everyday recent history, he had lived through the 1920s as a young child and began his adolescence in 1929, the year of the beginning of the Great Depression (he had been born on May 29, 1917). Even though his family was wealthy, he could not have missed seeing the poor begging on the streets of his home town, and the lines of people seeking food and work, during those early years of the 1930s..

When his father became Chairman of the Securities and Exchange Commission (SEC) in 1934 (until 1935), after President Roosevelt was elected in 1932 and began his Economic Recovery Programs and the regulation and reform of Wall Street financial institutions and the stock market practices, young John Kennedy was provided with insights and an education on the economy and monetary system few peoplw would have access to - from his father and from his reading of newspapers. Dinner table discussions were presided over by Father Joseph Kennedy for the entire family and they were all encouraged to ask questions and explore important events of the day.

During the years 1933-1934, there was the growing Wall Street plot to overthrow President Roosevelt and replace him with a fascist dictator. In all likelihood, the Kennedy family was not aware of this as were most Americans, but when the Dickstein-MacCormack Committee of the House of Representatives began their hearings on this treasonous action, newspapers such as the New York Times and others began reporting on it. Undoubtedly, Joseph Kennedy would know of it and follow this news and report to his family at dinnertime. John Kennedy weold now be about 17 years old.

After the hearings ended, Marine General Smedley Darlington Butler, a major witness at the hearings, spoke critically on the radio of the lack of justice for the perpetrators of the plot. If John Kennedy listened to him, it may have influenced his views in later life which were strongly against fascism and Wall Street criminals.

In 1935 Representative Louis McFadden gave his famous speech in the House of Representatives proposing the elimination of the Federal Reserve System of privately owned central banks which control the U.S. money supply. Perhaps John Kennedy, now 18 years of age with a curious, intelligent mind, paid heed to this speech and wondered how it could be done.

I have tried to imagine what influences during the life of John Kennedy could have affected his thinking and actions with regard to his taking partial control over the monetary system in an attempt to improve the economy. Many other and more important factors could have influenced him at different periods to undertake a dramatic change in the monetary system in place at that time by his xecutive Order No. 11110, but these are examples of some which happened during his early life.

Adele

[Adele Edisen]

http://www.monetary.org/wp-content/uploa...ideos1.pdf

The N.E.E.D. Act - The National Emergency Employment Act of 2011


Tue, July 31, 2012 7:23:01 PM
A request from the American Monetary Institute
From: The American Monetary Institute <ami@taconic.net>

Dear Friends of the American Monetary Institute,

Thank you for your interest and continued support of The American Monetary Institute and monetary reform. Progress is being made by virtue of Congressman Dennis Kucinich's NEED Act, HR 2990, and we ask for your help now to bring attention to it.
Please see our site http://www.monetary.org/wp-content/uploa...ideos1.pdf
It has been there for 1 1/2 months and has just been updated.
In addition a short summary has been added. There is also a complete text of HR 2990, and you'll fund two outstanding videos by Congressman Kucinich in which he outlines
the highly positive effects of HR 2990 on our economy.

We ask that you view both of these short (~3 min)
videos, and for you to please forward this link to your entire email list! With your assistance and a bit of luck, these videos can help build the attention this bill deserves.

And remember folks, while some places are planning to borrow money to fix infrastructure (Rahm Emmaneul is proposing $7 billion in Chicago), building and
repairing infrastructure with borrowed money, increases the cost of infrastructure by between double and triple because of the interest costs on the bonds!
But interest expenses are not necessary under HR 2990, since the nation can create its own money, instead of borrowing it and paying interest on it to the banks.

That means under HR 2990, double to triple the amount of infrastructure can be built and repaired. That will mean double to triple the employment, and much less for the bankers to grab, one way or another. They always seem to find a way! No more!
It is past time to end their farce of having the nation use banker debt, instead of government money!
Please follow through!
Warm regards to all,
Stephen Zarlenga and Patrick Notaro
AMI
P.S. Remember there is still a $50 discount on our 8th Annual AMI Monetary Reform Conference, in Chicago, September 20-23. See http://www.monetary.org/2012schedule.html for topics and photos of speakers!
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