THE NEW REPUBLICAN NEWSLETTER No. 70 - EXTRA (AND FINAL "CONSPIRACY THEORY") EDITION - (October 9, 2008) I fully apologize to my readers - but this is of the utmost importance when considering the financial future of our country. Some of the following information was sent to me by a Washington state New Republican reader, Wayne F., who wanted my opinion on this topic. With the stock market down again, this time below my predicted 8,700 of almost a year ago - and with GM on the brink of bankruptcy, again a prediction of mine almost a year back - I felt compelled to bring this information to the attention of all readers of the New Republican. The DOW now stands at 678 points down on the day in after hours trading at 8579. As of this writing a buyer of an extremely large block of Wells Fargo Bank stock came in right at the close of the trading day. Notice, all the bankruptcies and takeovers took place in very rapid succession - most of which taking place over the weekend - in relative secrecy. What is going on? ------------------------------------------------------------ FIRST: A "ONE QUESTION" QUIZ During my 2004 Congressional Campaign, I went to Western Washington University, during their outdoor political day, and had some very engaging conversations with both Republican and Democrat students who were manning tables in support of various political candidates. I asked every student if he or she knew who printed the money that the United States uses. That's it. No tricks involved. Either you know the answer or you don't. Not one single student gave the correct answer! And these were politically "astute" "socially involved" "university" students. And I doubt that most readers know who really prints the "legal" tender of the United States of America - and why. The "why" part is the crux of the whole situation. I have taken a lot of gaff from some hard-headed know-it-alls who say that the concept of control of our country by a small elite group is nothing but a "conspiracy theory." I will present my final case - and let you decide for yourself. My frustration with socially ingrained ignorance has always been a stumbling block for me when it comes to suffering fools - so I will not write about this topic again. I promise. But I have to get this out to the more than 2,800 serious readers of the New Republican, and ask them to do one thing for this country - if they really care about the future of the United States of America - and perhaps that of the world as we know it today. My request is at the end of this newsletter. ------------------------------------------------------------ OF COURSE, THE UNITED STATES TREASURY PRINTS AMERICA'S MONEY! This was the unanimous answer that I received from these FUTURE LEADERS of America. Wrong! When I answered in the negative, every student looked at me and smirked. "OK, then who prints it if the Treasury doesn't?" they asked, every time in an almost "gotcha" fashion. I told them that the Federal Reserve does. Then I got an even bigger shock when the "students" replied that, "It's the same thing. Federal Reserve, U.S. Treasury. What's the difference?" I almost fell over. They actually didn't know. I doubt that their "professors" even know what the answer is. ------------------------------------------------------------ SO WHAT IS ALL THE FUSS? The fuss is, ALL of America has been dumbed down to the point that they don't even know where their money comes from. It is a stated political axiom to "follow the money" and you will get to the bottom of most problems in very short order. That is, unless the trail back to the SOURCE is SECRET. The right answer is that the FEDERAL RESERVE - a private group of secret BACKERS - prints ALL the money in use in the United States of America today. ------------------------------------------------------------ BUT WHY IS THIS SO IMPORTANT? Because the Federal Reserve - owned in secret and operated by uber-rich secret mega-rich multi-billionaires - print every dollar that is in circulation in the WORLD - and charges INTEREST on the loaning of this money to the United States of America. Did you hear me? I said a private, secretly controlled organization, prints the money for America - and CHARGES INTEREST on the money they loan to America. That is the crux of the situation. This is, in effect, guaranteeing income into perpetuity for the Federal Reserve, and its secret members - at the expense of every TAXPAYER in the United States of America. The Federal Reserve GUARANTEES that We The People will never get out of debt. We the People will be in debt FOREVER because every new dollar that is printed, and LOANED to, the United States government has an INTEREST RATE attached to it. I repeat, We The People will never get out of debt. That is why it is so important - and that is the reason behind all of the secrecy. And this currency is not even backed by any material substance. It is simply a "NOTE." In essence, a worthless piece of paper. ------------------------------------------------------------ NOW, ON TO THE FACTS From here on is some of the information that Wayne F., sent to me along with other historical information evidence - that can be fully verified if you wish to take the time and effort to educate yourself as to what is really going on in America today. Let's go. From this point on are words of other writers, not mine. My comments, where appropriate, will be in CAPITAL LETTERS for easy differentiation. ------------------------------------------------------------ EXECUTIVE ORDER 11110 The solution to the financial crisis is to end fiat money. The word fiat in Latin means "let there be." Fiat money is paper currency made legal tender by pronouncement, but not convertible into an asset with value such as gold or silver.    President Kennedy was one of the most aggressive presidents in the 20th century to attempt to free us from being enslaved by the Federal Reserve or the Fed. He sought to tackle the monsters of war and a privately owned central bank (the Fed) as together they are the primary drivers of debt.   To begin the process to free us from fiat money, on June 4, 1963, President Kennedy signed Executive Order 11110 ordering the US Treasury, not the Fed, to issue silver-backed currency.   Kennedy, and his Comptroller of the Currency, James J. Saxon, saw the Fed as a national security threat because it is an agency of fiat money that creates inflation.   Fed-created money increases the money supply which has a negative impact on the purchasing power of the dollar, also known as inflation. As a result, a dollar in your pocket today will be worth less each and every year. For this reason inflation is a hidden tax and the Fed system, by design, increases the national debt. The increasing debt has only one conclusion, another great depression. Events can repeat themselves. In 1963 the Nobel Laureate economist Milton Friedman (July 31, 1912 - November 16, 2006) argued in his book the "Monetary History of the United States" that the Fed caused the Great Depression.   The Fed was crafted in November 1910 by a small group of bankers, who met in secret on Jekyll Island off the coast of Georgia. They met secretly because Americans did not trust the large banking families and secrecy was essential in order to fool the U.S. government. Congress and the president were fooled into hasty action just before the 1913 Christmas holiday. The Federal Reserve Act became law on December 23, 1913. NOTE: NOTICE HOW SECRECY IS THE MAIN INGREDIENT. ALSO, NOTE HOW ALL THIS WAS DONE JUST BEFORE THE HOLIDAY. ALL THE ENSUING BANKRUPCIES THAT HAVE JUST OCCURRED OVER THE LAST FOUR WEEKS HAVE HAPPENED OVER THE WEEKEND - IN PRIVATE. ALSO, OF VERY IMPORTANT CONSEQUENCE - WE ARE APPROACHING ANOTHER THREE-DAY WEEKEND, COLUMBUS DAY. AND FINALLY, DO YOU REMEMBER HOW THIS WAS APPROACHED JUST A FEW DAYS AGO. ARMAGEDDON! PANIC! GIVE US $700 BILLION WITH NO STRINGS ATTACHED - OR THE WHOLE CREDIT MARKET AS THE WORLD KNOWS IT WILL COLLAPSE! AGAIN, THE ULTIMATE FEAR FACTOR. EXACTLY LIKE BEFORE!   President Woodrow Wilson later regretted that he had not vetoed the Federal Reserve Act. He said: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."   After the Fed was created, many members of Congress learned the true purpose of the Fed although some believe control of the media, propaganda, paid agents, public ignorance, and assassinations enable ongoing support for the fiat money system. The problem with fiat money is the system has to end in economic collapse. For readers wondering how U.S. monetary policy is related to teaching peace, in a global banking system this total economic collapse will bring about suffering, starvation, and wars around the world.   Total meltdown happens the day confidence in the currency vanishes. No one knows when that will happen, but it may well happen in our lifetime. As the national debt grows, which is required for a fiat money system to continue, the confidence in the U.S. dollar declines. Countries around the world that play the same game with their own fiat money, like dominos in a line, run the risk of total financial collapse when another fiat money country, especially the U.S., has a financial crisis.   Increased government spending, as is the proposed bailout, delays the meltdown, but builds up the pressure for its eventual occurrence. The  problems that flow from not bailing out are insignificant when compared to what will one day happen to us unless Kennedy's Executive Order 11110 is dusted off.    Had Kennedy lived, the silver-backed currency would have "freed" the U.S. from the Fed and fiat money. Freedom from the Fed private banking cartel was underway with $4,292,893,815 in silver-backed currency authorized by Kennedy. Lyndon B. Johnson, upon becoming president, quickly recalled the "Kennedy bills" and had them destroyed. NOTE: TAKE A LOOK AT THAT AMOUNT OF MONEY AGAIN. THAT IS $4.3 BILLION 1963 DOLLARS - AND COMPLETELY BACKED BY SILVER - NOT USELESS PAPER.   The following information is directly taken from the Internet and cited as such: PRESIDENT KENNEDY & EXECUTIVE ORDER 11110 vs. THE FEDERAL RESERVE "President Kennedy, Through Executive Order 11110 Tried to Stop the Illegal Federal Reserve Bank System's Money Creation Scheme" by Anthony Wayne 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. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid. When President John Fitzgerald Kennedy - the author of "Profiles in Courage" - signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency - money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: 'to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury'. This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America. United States Notes were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a 'Federal Reserve Note' issued from the private central bank of the United States (the Federal Reserve Bank a.k.a Federal Reserve System), with a 'United States Note' from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says 'Federal Reserve Note' on the top while the other says 'United States Note'. Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number. President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper 'currency' circulating in 1999 are Federal Reserve Notes. NOTE: WHY IN HELL'S NAME WERE THESE NOTES TAKEN OUT OF CIRCULATION? WHAT KIND OF RELATIONSHIP COULD THEY HAVE HAD ON THE ASSASSINATION OF JFK? WHAT IN THE WORLD IS GOING ON? DOES THIS STILL SOUND LIKE A CONSPIRACY THEORY? WAS KENNEDY A BELIEVER IN THIS CONSPIRACY - AS WAS ABRAHAM LINCOLN 100 YEARS EARLIER? THIS IS NOT THE ONLY SIMILIARITY THAT EXISTS BETWEEN LINCOLN AND JFK. Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 whould have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new 'money'. Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and real value worth something. Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 'Silver Certificates' were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money. It seems very apparent that President Kennedy challenged the 'powers that exist behind U.S. and world finance'. With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt: 1) War (Viet Nam) 2) The creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank. ------------------------------------------------------------ EXECUTIVE ORDER 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows: SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended - (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): '(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption,' and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made. JOHN F. KENNEDY
THE WHITE HOUSE,
June 4, 1963 Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998: Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:
EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617 The 1974 and 1987 amendments, added after Kennedy's 1963 amendment, did not change or alter any part of Kennedy's EO 11110. A search of Clinton's 1998 and 1999 EO's and Presidential Directives has also shown no reference to any alterations, suspensions, or changes to EO 11110. The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black's Law Dictionary defines the 'Federal Reserve System' as: 'Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.' Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: 'Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors.' The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black's Law Dictionary, we find that these privately owned banks actually issue money: 1. "Federal Reserve Act Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)." 2. "The privately owned Federal Reserve (Fed) banks actually issue (create) the 'money' we use. In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled "Money Facts" which contains a good description of what the Fed is: "'The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its checks simply by asking the Treasury Department's Bureau of Engraving to print them'. " Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned Fed is! No man did more to expose the power of the Fed than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the Fed, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:3. 3. "Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. 4. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve Banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. 5. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it." Some people think the Federal Reserve Banks are United States Government institutions. They are not government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions. The Fed basically works like this: The government granted its power to create money to the Fed banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the Sixteenth Amendment, which gave Congress the power to collect income taxes, were both passed in 1913. The incredible power of the Fed over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken about in Jim Marrs' 1990 book "Crossfire." Another overlooked aspect of Kennedy's attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the Constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency. Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks. In a comment made to a Columbia University class on Nov. 12, 1963, ten days before his assassination, President John Fitzgerald Kennedy allegedly said: "The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizens of this plight." In this matter, John Fitzgerald Kennedy appears to be the subject of his own book... a true "Profile of Courage." SOURCES: http://www.fdrs.org/executive_order_11110.html http://www.apfn.net/Doc-100_bankruptcy31.htm ------------------------------------------------------------ A FINAL WORD ON THE SUBJECT I leave it up to you, the readers, to decide whether this is true or not. Research it for yourselves and educate yourselves - by yourselves. As discussed above, the "political science" students knew NOTHING about following the money. Don't be stupid and sit on your ass and complain. So here is the question I alluded to at the beginning of this "Conspiracy Theory" New Republican Newsletter. Ask your Congressional Representatives if they have ever attended a Bilderberg meeting. Ask them if they believe, as President Kennedy believed, that the FED is a corrupt and illegal quasi-governmental organization. Ask your representative to explain how the FED really works. Ask you representatives if they would be willing to dismantle the FED and return the Constitutional right of coinage to that of the Congress of the United States of America. While you are at it, ask yourself if you have a Personal Profile in Courage to stand up and be counted. And that, my friends, is the most important question of all. Best wishes, Larry Klepinger Still, A New Republican Your ideas and comments are more than welcome. Many thanks again for taking the time and effort to read the New Republican Newsletter. ------------------------------------------------------------ If you wish to no longer receive this e-newsletter, please e-mail me directly at: lawrenceklepinger@gmail.com