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Originally posted by douglas82391
Two presidents tried to stop this outrage, and they were both assassinated. Lincoln was set to bypass the central banks in order to finance the Civil War. The banks were going to charge him 24-36% interest on the loans. So Lincoln had Congress pass a law authorizing the printing of full legal tender. These treasury notes would be used to finance the war. Lincoln wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..." Research the person who supposedly killed Lincoln and how he relates to bankers.
After Lincoln was assassinated Congress revoked the Greenback Law and enacted the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.
John F. Kennedy was the next brave man to take on the Federal Reserve. On June 4, 1963, President Kennedy signed a Presidential Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest.
Originally posted by buni11687
reply to post by Candycab
The video is from a few days ago, the 8th I believe. About the Fed being private...Its not new to me either, but this is the first time Ive seen someone who works at the Fed actually say it is private.