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Debt-Free United States Notes Were Once Issued Under JFK...
• theeconomiccollapseblog.comMost Americans have no idea that the U.S. government once issued
debt-free money directly into circulation. America once thrived under a
debt-free monetary system, and we can do it again. The truth is that
the United States is a sovereign nation and it does not need to borrow
money from anyone.
Back in the days of JFK, Federal Reserve Notes were
not the only currency in circulation. Under JFK (at at various other
times), a limited number of debt-free United States Notes were issued by
the U.S. Treasury and spent by the U.S. government without any new debt
being created. In fact, each bill said "United States Note" right at
the top.
Unfortunately, United States Notes are not being issued
today. If you stop right now and pull a dollar out of your wallet, what
does it say right at the top? It says "Federal Reserve Note". Normally, the way our current system works is that whenever more Federal
Reserve Notes are created more debt is also created.
This debt-based
monetary system is systematically destroying the wealth of this nation. But it does not have to be this way. The truth is that the U.S.
government still has the power under the U.S. Constitution to issue
debt-free money, and we need to educate the American people about this.
Posted below are pictures of the front and the back of a United States Note printed in 1963 while JFK was president....
Notice that there is a red seal instead of a green seal on the front, and it says "United States Note" rather than "Federal Reserve Note".
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2 Comments in Response to Debt-Free United States Notes Were Once Issued Under JFK...
ummmm, if you go back in history you will find the real reasons of the assination of lincoln,jfk,taft..... it was because they were against the federal reserve and knew they could issue this money.
the whole down fall of this country started when the federal reserve was enacted.
The U.S. Treasury has NO AUTHORITY under the Constitution to issue currency, the only mentions of money in the Constitution is that Congress has the authority "To borrow money on the credit of the United States;" and "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" and that "No State shall coin Money; emit Bills of Credit; [or] make any Thing butgold and silver Coin a Tender in Payment of Debts"