The last president to stand up to the Federal Reserve was President Kennedy in 1963, when he signed Executive Order 11110, which is still in effect today, but has been ignored by all U.S. presidents since then. I encourage anyone who is reading this to do a quick Internet search of who owns the Federal Reserve, Jekyll Island 1910, the Federal Reserve Act, and the 16th Amendment. We need to be aware of the hard, cold facts that influence our daily lives; taxes, mortgages; interest rates; laws and restrictions; privacy invasion; etc. The Federal Reserve is a private corporation, not federal or a reserve! It is not even owned by American people who supply the revenue with our taxes.
The president has the power to appoint the chairman of the board of governors of the Federal Reserve System. President Obama chose to keep Ben S. Bernanke, Bush Jr.’s appointee. Vote for Ron Paul for president in 2012. He is willing to fight the private credit monopoly, aka the Federal Reserve and Wall Street.
This article appears in Feb 16-23, 2012.