"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Wednesday, June 23, 2010

On the subject of sound money

I stumbled across a theory involving the assasination of John F. Kennedy that I had never heard before. It seems that Executive Order 1110, which required all Federal Reserve Notes to be backed by silver. This order would have effectively put the Federal Reserve Bank out of business and returned the coinage of money back to it's rightful, Constitutional, place. We saw recently what happens when you mess around with the central bankers, in the death of the finance minister of Poland who was about to pull Poland out of it's commitment to joining the Euro to protect the economy of his own country. As the Euro dropped the Polish zloty was gaining. Funny how former KGB boss and president, Putin immediately announced that he would lead the investigation into the plane crash. Like putting the fox in charge of the hen house.
The Federal Reserve, much like the other Central Banks around the world, take their money making very seriously.

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