Currency war Full-time Job

When Kennedy became more and more eager to run the country according to his own good intentions, he was bound to have a sharp conflict with the powerful and invisible ruling elite behind him. When the focus of the conflict involved the core and most sensitive issue of international bankers-the right to issue currency, Kennedy probably did not know that his time had come. On June 4, 1963, Kennedy signed a little-known executive order, 11110, directing the U.S. Treasury Department to "support silver in any form owned by the Treasury Department, including silver ingots, silver coins and standard silver dollars." Issue a "silver certificate" and immediately put it into circulation. Kennedy's intention was clear, to take back the power to issue money from the private central bank, the Federal Reserve! If the plan is finally implemented, the U.S. government will gradually get rid of the absurd situation of having to "borrow money" from the Federal Reserve and pay high interest rates, and the silver-backed currency is not a debt currency that "overdraws the future", but an "honest currency" based on the fruits of people's labor. The circulation of "silver certificates" will gradually reduce the liquidity of "dollars" (federal reserve note) issued by the Federal Reserve, which is likely to eventually force the Federal Reserve Bank into bankruptcy. If the power to control currency issuance is lost, international bankers will lose most of their influence on the United States, the largest wealth creator, which is a fundamental issue of life and death. To understand the origin and significance of Presidential Decree 11110,wire nail making machine, we must start with the ups and downs of the silver dollar in the United States. 2. The Historical Status of the Silver Dollar Silver became legal currency in the United States in 1792 with the Coinage Act of 1792 (coinage act of 1792), which established the legal status of the dollar. One dollar contains 24.1sterling silver The price ratio of gold and silver is 1 to 15. The dollar's most basic measure of American currency is based on silver. Since then, the United States has maintained a dual-track system of gold and silver currency for a long time. By February 1873, the Coinage Act of 1873, under the pressure of the Rothschild family in Europe, abolished the monetary status of silver and implemented a single gold standard. Because the Rothschild family controlled most of the world's gold minerals and gold supply, they actually controlled the money supply of Europe. Silver is more dispersed than gold, and its production and supply are much larger, which makes it more difficult to control, so around 1873, Nail machine manufacturer ,Nail production machine, the Rothschild family coerced most European countries to abolish the monetary status of silver and implement a complete gold standard. The United States is also a step in this overall step. The law, dubbed the "crime of 1873," provoked strong opposition in the silver-producing States of the western United States, and led to a vigorous grass-roots movement in support of silver. In order to balance the influence of European bankers in the New York area, the U.S. Congress passed the Bland-Ellersen Act of 1878, which required the U.S. Treasury to buy $2 million to $4 million worth of silver a month and reset the price ratio of gold to silver to 1:16. Silver coins have the same legal force as gold coins and can be used to pay all public and private debts. Like "gold certificates", the Ministry of Finance also issues "silver certificates", one dollar of "silver certificates" directly corresponds to one dollar of silver coins, so as to facilitate circulation. The Bland-Ellersen Act of 1878 was later replaced by the Sherman Silver Purchase Act of 1890, which increased the amount of silver that the Treasury had to buy by 4.5 million ounces per month. Since the establishment of the Federal Reserve in 1913, "federal reserve notes" have been issued, and by the time of the Great Recession in 1929, "federal reserve notes" had gradually occupied the main share of currency circulation. By 1933, Fed notes were still redeemable for their gold equivalent. In 1933, there were also "gold certificates" and "United States government certificates" in circulation. The United States note was the first legal tender issued by Lincoln during the civil war, the "Lincoln greenbacks". Its total circulation is limited to $346,681,016. In 1960, it accounted for only 1% of the total amount of money in circulation in the United States. In addition to the four major currencies mentioned above, there are a small number of other forms of currency. Gold certificates were withdrawn from circulation in 1933 after Roosevelt abolished the gold standard and outlawed the possession of gold. Only "Federal Reserve Notes", "Silver Notes" and "U.S. Government Notes" are left in the circulation of U.S. currency. Because "U.S. Government Notes" are congenitally deficient and have a ceiling on issuance, they are not regarded as a major threat by international bankers. "Silver Note" is much more troublesome. Because the U.S. Treasury Department is required by law to buy silver all the year round, by the 1930s, the U.S. Treasury Department had more than 6 billion ounces of silver, roughly close to 200000 tons of huge reserves, coupled with silver minerals all over the world, production is considerable, if all of them are monetized by the U.S. Treasury directly. It is bound to become the biggest nightmare of international bankers. After Roosevelt helped international bankers abolish the gold standard in 1933, the currency circulation in the United States was actually under the "silver standard", and the three major currencies were freely convertible into silver. Without the abolition of silver's monetary status, the "great cause" of "cheap money" and "deficit finance" will be severely constrained,nail manufacturing machine, and the plan of international bankers to plunder citizens'wealth through inflation, a more efficient financial instrument, will be constrained. 3shardware.com