Since much of our current day economic problem is systemic from actions by the Federal Reserve,

[truedelphi]

Nothing anyone can say will make me think that Obama is not quite happy with
the way that things are working out for his Wall Street buddies.

After all, Obama's appointee Geithner is cut from the same cloth as Bernanke. So even if someone thinks that there is NOTHING that the poor helpless President can do about Bernanke, one only has to consider that Secretary of the Treasury Geithner's main office is down the hall from the President inside the White House to see the real story.

We have had three Presidents take action against the foreign controlled central bank system that poses as our "Federal bank." Those three Presidents are Jackson, Lincoln and also Kennedy. Kennedy was killed seven months after his Executive Order (still on the books) that would have put the banks back in line with the needs of the people of the USA.

Yes, Kennedy's Action against the Federal Reserve is still on the books. Although one of President Reagan's Executive Orders mitigates it, if saving the economy was important to President Obama, he could indeed undo Reagan's damage, and put Executive Order 11110 back into operation.

Executive Order 11110 was issued by President John F. Kennedy on June 4, 1963.
This executive order allows the U.S. Secretary of the Treasury to issue $4.29 billion in silver certificates ($2 and $5 Notes) against silver bullion based on authority delegated by the President to the Secretary under the Thomas Amendment to the Agricultural Adjustment Act.


The Order was for the purpose of having The Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it. The Order was needed due to the passage of Public Law 88-36 which repealed the Silver Purchase Act and other related monetary measures. One result was that after the repeals, only the President could issue new silver certificates.

The Federal Reserve System could replace the certificates, but only in larger denominations. The thrust of the Order returned the authority to issue new silver certificates (and specify denominations) back to the U.S. Treasury.

This executive order allowed for the Federal Reserve System to distribute and exchange currency at lower denominations that met the growing economic need. The authoritative basis for the Order was substantially nullified in 1982 with the passage of Public Law 97-258.