Why hasn't the federal reserve been eliminated ????

Question

On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.Through the Federal Register and Library of Congress, we can now safely conclude that this Executive Order has never been repealed, amended, or superseded by any subsequent Executive Order. In simple terms, it is still valid. So instead of keeping an unconstitutional institution that has repeatedly , throughout history, kept our nation in debt, and, no doubt caused the great depression and is now causing the 2007 recession, why don't we kill the d**n thing and return to the gold standard and bring back the value of the d**n dollar and return to our glory?!?

Answer 1

Cuz peep's dont get it that fed must be eliminated.

They don't get it cuz there are too many internet trolls lurking in the dark shadows taking every chance to pounce out and defend their beloved fed. The net is the only place to find any truth on the fed. The banksters have bought off all other sources of info and bought themselves some busy littly trolls and fancy web sites to tell you how wonderful the fed is. The banksters buy whoever and whatever they must to protect their scam. Proof = education system.

Answer 2

This is one of the wackier Kennedy Assassination theories.

The theories point to Executive Order 11110 signed by Kennedy which delegated authority to the Treasury Secretary  to print silver certificates at will (ref: http://en.wikipedia.org/wiki/Executive_o... ). The theory goes that this would put the Federal Reserve out of business.

One only needs to examanine the claims to realize how silly the theory is.

- Given all the Fed duties and responsibilities, to claim that issuing silver certificates would nullify all the Fed duties is preposterous

- Ever since it's inception, the Federal Reserve has worked with whatever the currency of the realm. Federal Reserve notes circulated along side silver certificates, gold certificates, and coins. From a day-to-day operations side, it really makes no difference.

- History showed that the government was trying to get away from the silver standard. Silver prices were rising to the point where a silver dollar would have more than a dollars worth of silver. This executive order was seen as giving the Treasury Secretary more flexibility to do that.

- There was not enough silver to replace all the currency in circulation with silver certificates.

- Kennedy scholars have concluded it is a hoax. In this link (http://www.devvy.com/patriot4_20021117.h... ), there is a story on a Ron Paul aide doing research to 'prove' the story only to come up empty.

http://mcadams.posc.mu.edu/weberman/jfk....

http://www.lib.umich.edu/govdocs/jfkeo/e...

http://www.devvy.com/patriot4_20021117.h...

Answer 3

It was concieved by FDR on Jun 3, 1933.  Your guess is about as good as mine.  Congress won't do it, it's that simple. It should not even use the Name Federal Because it is Not part of the government But acts like it is.

Answer 4

Because it's the one main tool both sides of government can use to squash the middle class.

I agree it would be great if it was done away with.

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