The American government could pay off the national debt if it directly issued our currency and controlled the quantity
of our money rather than paying interest to the Federal Reserve on every dollar printed. If we can issue a US Bond
than we can issue a United States Note. Our national debt is $14 trillion dollars. Interest on debt is $412 billion
dollars a year. Why are we paying interest on our own currency?
A real problem is too much government spending. This year’s federal budget is 3.8 trillion dollars. Only half of that
amount is raised by taxes. The deficit is 1.6 trillion dollars. That is new debt borrowed from the banks we bailed out,
who then charged us interest on the money we gave them. That’s right. When our government needs more money,
the Federal Reserve loans our money to our government at interest.
Created in controversy in 1913 by independent private banks, such as Chase, Lehman Brothers, Bears and Stearns,
National City, Warburg Company and five Rothschild banks, the Federal Reserve is not part of the government.
Our government should not be in debt. Government could pay it’s bills without adding to the national debt by simply
taking back the function of issuing our currency and paying it’ s bills with money, not more debt.
When Abraham Lincoln financed the Civil War, New York bankers demanded thirty percent interest rates. Fortunately,
Lincoln said “No thank you” or we would still be paying for the Civil War. He issued 400 million dollars in debt and
interest free United States Notes. Lincoln paid his troops and bought supplies with “greenbacks” a fiat paper money
backed by the full faith and credit of the United States. 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”
“Who should control the quantity of money?
Should it be our elected officials or unelected private bankers? Congress is responsible for spending and taxation.
We will not get out of debt with a debt based money system and politicians getting money from the Fed rather face
voters to raise taxes for their overspending.
The cause of inflation is printing too much money. The boom is then followed with a bust. However, the real cause of
a depression is the restricting and manipulating of the money supply and credit by the big banks to get what they
want politically. Remember, the borrower is the servant to the lender.
For our central bank to create a billion dollars, it buys government bonds, gold or other currencies, electronically
transferring a billion dollars to the seller’s bank account. Essentially creating money out of thin air, this amount is
added to the national debt secured by our taxes. In fact, all federal income taxes are paid to the Federal Reserve.
The Fed gets the bond and the taxpayers pay the interest on the debt. It is a debt based money system. The interest
has to be paid in Federal Reserve Notes. It is like paying a mortgage with a credit card. If our government paid off
bonds as they matured with US Notes, the debt would be reduced and Federal Reserve Notes replaced.
of our money rather than paying interest to the Federal Reserve on every dollar printed. If we can issue a US Bond
than we can issue a United States Note. Our national debt is $14 trillion dollars. Interest on debt is $412 billion
dollars a year. Why are we paying interest on our own currency?
A real problem is too much government spending. This year’s federal budget is 3.8 trillion dollars. Only half of that
amount is raised by taxes. The deficit is 1.6 trillion dollars. That is new debt borrowed from the banks we bailed out,
who then charged us interest on the money we gave them. That’s right. When our government needs more money,
the Federal Reserve loans our money to our government at interest.
Created in controversy in 1913 by independent private banks, such as Chase, Lehman Brothers, Bears and Stearns,
National City, Warburg Company and five Rothschild banks, the Federal Reserve is not part of the government.
Our government should not be in debt. Government could pay it’s bills without adding to the national debt by simply
taking back the function of issuing our currency and paying it’ s bills with money, not more debt.
When Abraham Lincoln financed the Civil War, New York bankers demanded thirty percent interest rates. Fortunately,
Lincoln said “No thank you” or we would still be paying for the Civil War. He issued 400 million dollars in debt and
interest free United States Notes. Lincoln paid his troops and bought supplies with “greenbacks” a fiat paper money
backed by the full faith and credit of the United States. 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”
“Who should control the quantity of money?
Should it be our elected officials or unelected private bankers? Congress is responsible for spending and taxation.
We will not get out of debt with a debt based money system and politicians getting money from the Fed rather face
voters to raise taxes for their overspending.
The cause of inflation is printing too much money. The boom is then followed with a bust. However, the real cause of
a depression is the restricting and manipulating of the money supply and credit by the big banks to get what they
want politically. Remember, the borrower is the servant to the lender.
For our central bank to create a billion dollars, it buys government bonds, gold or other currencies, electronically
transferring a billion dollars to the seller’s bank account. Essentially creating money out of thin air, this amount is
added to the national debt secured by our taxes. In fact, all federal income taxes are paid to the Federal Reserve.
The Fed gets the bond and the taxpayers pay the interest on the debt. It is a debt based money system. The interest
has to be paid in Federal Reserve Notes. It is like paying a mortgage with a credit card. If our government paid off
bonds as they matured with US Notes, the debt would be reduced and Federal Reserve Notes replaced.
Who Controls the Issue and Volume of Money is the Master
America Can and Should Issue United States Notes
By Dan Allie
Treasurer WMR
Former Holyoke Republican City Chairman
America Can and Should Issue United States Notes
By Dan Allie
Treasurer WMR
Former Holyoke Republican City Chairman
The President can direct the Treasury to print US Notes by executive order.
President Kennedy issued 4.5 billion dollars in silver certificates and US Notes by Executive Order 11110 in
June 1963. As with Lincoln’s greenbacks, the international bankers worked to remove the US Notes from
circulation after both presidents were gone.
Is the Chairman of the Federal Reserve more powerful than the president? This unelected banker decides how
much interest you receive on your savings and affects the business cycle with artificially low interest rates. He
decides how much money to print, which determines the value of your money. How is he doing?
A weak dollar causes inflation affecting how your family lives. As our money becomes worth less, food,
transportation, fertilizer and other products costs more, hurting working people, businesses, emerging
countries and governments all over the world. The rest of the world pays for oil in dollars only as long as the
dollar remains the world’s reserve currency. A weak dollar means high oil prices.
“Whoever controls the volume of money in any country is absolute master of all industry and commerce… and
when you realize that the entire system is very easily controlled, one way or the other, by a few powerful men at
the top, you will not have to be told how periods of inflation and depression originate.” President James Garfield.
Garfield was assassinated in 1881.
President Kennedy issued 4.5 billion dollars in silver certificates and US Notes by Executive Order 11110 in
June 1963. As with Lincoln’s greenbacks, the international bankers worked to remove the US Notes from
circulation after both presidents were gone.
Is the Chairman of the Federal Reserve more powerful than the president? This unelected banker decides how
much interest you receive on your savings and affects the business cycle with artificially low interest rates. He
decides how much money to print, which determines the value of your money. How is he doing?
A weak dollar causes inflation affecting how your family lives. As our money becomes worth less, food,
transportation, fertilizer and other products costs more, hurting working people, businesses, emerging
countries and governments all over the world. The rest of the world pays for oil in dollars only as long as the
dollar remains the world’s reserve currency. A weak dollar means high oil prices.
“Whoever controls the volume of money in any country is absolute master of all industry and commerce… and
when you realize that the entire system is very easily controlled, one way or the other, by a few powerful men at
the top, you will not have to be told how periods of inflation and depression originate.” President James Garfield.
Garfield was assassinated in 1881.
1963 United States Note issued President Kennedy