The last real American dollar.

[mojave30cal]

There is an interesting article you can read on the internet
called: Kitco: The Last Real American Dollar, by Bill Downey,
Dec. 11, 2009. It discusses how JFK tried to by pass the Fed-
eral Reserve and print a new gold/silver backed currency. It
also talks about how Nixon's taking us off the gold standard
in 1971 and his visit to China affected our manufacturing jobs.

On June 4, 1963 President Kennedy signed executive order
#11110 which allowed the U.S. Government to make its own
money and bypass the Federal Reserve. The 4+ billion dollars
of United States Notes (backed by gold and silver) were put
into circulation in denominations of $2.00 and $5.00. The $10's
and $20's were printed but never released as he was assassi-
nated and the program was shut down. Notice it says "United
States Note" where you usually find "Federal Reserve Note".

After reading this article, you might get an understanding of
why the USA is in the economic situation we find ourselves in.
Google is your friend.

 

[the ringo kid]

Far as im concerned, the last good-looking currency was the $2.00 bill.

 

[islamoradamark]

one day we could go back to the silver dollar

 

[armadillo]

As I recall, the "United States Note" was first issued by the "union" during the Civil War and was not backed by gold or silver. It was used to pay for the army - including soldier's pay. Technically, it was worthless outside the country.

 

[Old TexMex]

I know Kitco wants to sell gold and silver coins for large mark-up's.



I have no clue here? I still need to ask what is the difference in Federal Reserve Note and a United States Note? They seem related to me?

The federal reserve is not a part of the U.S. Government. We borrow paper notes from them.
The AMI says this:Is the Federal Reserve System a Governmental or a Privately controlled organization? | AMI (American Monetary Institute)
Others have differing views on the ownership and control of the Federal Reserve Bank.
I'll leave it at that.....

 

[finesse_r]

There is an interesting article you can read on the internet
called: Kitco: The Last Real American Dollar, by Bill Downey,
Dec. 11, 2009. It discusses how JFK tried to by pass the Fed-
eral Reserve and print a new gold/silver backed currency. It
also talks about how Nixon's taking us off the gold standard
in 1971 and his visit to China affected our manufacturing jobs.

On June 4, 1963 President Kennedy signed executive order
#11110 which allowed the U.S. Government to make its own
money and bypass the Federal Reserve. The 4+ billion dollars
of United States Notes (backed by gold and silver) were put
into circulation in denominations of $2.00 and $5.00. The $10's
and $20's were printed but never released as he was assassi-
nated and the program was shut down. Notice it says "United
States Note" where you usually find "Federal Reserve Note".

After reading this article, you might get an understanding of
why the USA is in the economic situation we find ourselves in.
Google is your friend.

Great post of vital information that very few people know about or understand its full importance.

 

[Absalom]

There is an interesting article you can read on the internet
called: Kitco: The Last Real American Dollar, by Bill Downey,
Dec. 11, 2009. It discusses how JFK tried to by pass the Fed-
eral Reserve and print a new gold/silver backed currency. It
also talks about how Nixon's taking us off the gold standard
in 1971 and his visit to China affected our manufacturing jobs.
.......

So I read that "article" you referenced.

No offense, my friend, but that it is a big load of ox poop posted on a website, Kitco, trying to scare people into buying gold from them.

Currency conspiracy theories work great for that since nobody takes the time to actually learn how our currency and the Federal Reserve work. Usually, someone throws in the Trilateral Commission, the UN, the Masons and the Illuminati, maybe Elvis and a Sasquatch. And in no time at all, there's the explanation for all our problems. And usually, unless the author is simply unhinged and actually believes this, the solution to protect yourself from the inevitable coming disaster is to buy the author's product, be it precious metals (as in this case), books, survival food or whatever.

 

[hoc9sw]

I have "US Notes" dated before Kennedy. Not sure what he might have done, but the concept existed before.

From a Google search:

A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for over 100 years, they were issued for longer than any other form of U.S. paper money.

These had red seals. I have not seen any in circulation for 15-20 years. They were normally seen as $5 and $10.

 

[rwsmith]

Only if.....

one day we could go back to the silver dollar

Only if they are big heavy coins with no zinc.

 

[Kinman]

Some conspiracy theorists point that both Lincoln and Kennedy had challenged the Federal Reserve Administration. Fundamentally it can be considered a public cartel of private banks, whether that is a good thing or a bad thing is moot

 

[Old TexMex]

A little research into the Federal Reserve will show it isn't part of the United States government system. It may have been empowered by a Congress, but it obviously doesn't answer to them, the President or the Supreme Court. The attitude that anyone asking for an audit is a "conspiracy theorist" (like those crazy people who said there was an illegal war in south east asia, or a trade between Iran and Nicaraguan Contras)
is nothing short of naivety. They usually accuse the skeptics of believing in sasquatch, the Trilateral Commission etc etc.
silly skeptics...everythings fine, nothing to see here.
And if you buy more than a three day supply of food you MUST be a kook prepper (even if you live in an earthquake zone or hurricane area)!

 

[Old TexMex]

Please explain the major difference in these two Washington entities?

Major difference? One's described in our Constitution, the other isn't.