Kevin Warsh (new President Trump appointed Fed chair) Just Killed the Rule That Made Americans Suffer for decades
(www.youtube.com)
JFK Exec. Order 11110 🇺🇸
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END THE FED.
The govt can print its own money if needed.
That is what JKF did and he was shot for it. I actually have in my possession a $5 1963 United States Note. These notes were issued under Executive Order 11110 by JFK to authorize the Treasury to issue currency backed by silver bullion held in the Treasury, thereby bypassing the FED. One of LBJ's first orders of business after he was sworn in was to repeal this action by JFK and remove these notes from circulation. These notes had been in circulation in some form since 1862, but had been completely removed by 1971. All part of the war against our currency that began with the FED in the thirties.
I used to have one dollar silver certificate. I accidentally spent it probably years ago.
I have some silver certificates as well. Been hanging on to them for years.
I have two Silver Certificates, but don't really understand what can be done with them. I haven't really looked into it either.
If they are uncirculated they may be worth a few bucks but if they are circulated/ have creases, they are worth $1.
I don't know what they are worth. You can no longer exchange them for silver, but they do have some collection value, but not much. Or they can be used as regular currency at whatever the face value is. It is still legal tender.
I've got one of those! It's pretty cool.
I am sure the banks do exactly as the Fed instructs. Just like LBJ removed the silver certificates from circulation, the banks are constantly driving down the price of silver. Silver is a big threat to the fiat dollar. President Trump's agenda to pump up the value of our currency is having a negative effect on my silver stacks. Trump wants to pump up the value of America's fiat currency, he needs to make our currency backed by precious metals. In the current scenario, as the dollar value and markets are rising and silver has dropped by 50% in value. We will never be a prosperous country with precious metals that are worthless. The miners will soon close the doors and go home, they are refusing to sell their high concentration ore for dirt cheap prices. We need to revalue our gold and join BRICS or create a standalone gold backed currency.
BRICS is a failed idea and I am not sad about it. Beyond all the great sounding rhetoric put out there for public consumption to sell the idea, the CCP was the mastermind behind it. Don't be fooled, there was nothing noble behind what the CCP was trying to do. They wanted to break the fiat dollar and replace it with the fiat RMB as the reserve currency. The last BRICS summit was basically a bust. It has lost much of its steam. Putin and Xi did not even attend. Their basket of alternative currencies have their own problems.
The only difference between the FED and BRICS is who would be calling the shots. With BRICS it was the CCP, the heart of the socialist/communist block. Xi wants to be world emperor. Most of the world has basically voted no.
I agree with everything else you said - especially with regards to silver.
I watched a video few days ago, can't remember where I saw it but, the guy was saying China is making moves to create a gold backed currency with hopes that it will pull investors away from the dollar.
Trump needs to counter China with our own gold backed currency or the other alternatives. (precious metal backed or asset backed). There is some talk of gold bonds being offered here in the US, not sure what kind of effect that will have on the precious metal spot prices or if it would throw a wrench in the banker's ability or desire to crush the silver market. JD Vance spoke on price floors for precious metals. I know they are planning on opening up more depositories around the country.
Whatever the fix will be, they need to implement it soon before all the excitement is squashed from the precious metal market. We had a really good rally going before the banks killed it 6 months ago.
Actually, China's gold stockpile is like it is for many others, primarily a backstop if currencies tank - especially their own.
China would have to figure out a way to wipe their massive fiat debt and stay intact. Some of that gold they have stockpiled may actually be fake. Precious metals fakery in China is rampant. Their fakery has gotten very sophisticated and difficult to detect using the usual standard detection methods.
China's meteoric rise was nothing more than smoke and mirrors built on centralized political management, not market forces. A market driven economy is what they sold to the world to bring in investment. That foreign investment that helped build that rise has been bailing and it shows. It is insane. Some estimates have their real debt at several hundred percent of GDP. I have heard figures over 300%. Most of that debt is off book and not reflected in official stats - which pretty much everyone with half a brain knows that the CCP's numbers are not reliable.
The debt is all the way down the food chain. Local governments carry possibly more than the central government. They spent trillions on political directives ordered from the top. Poorly built infrastructure that is starting to crumble built with no real purpose or return just to boost GDP numbers. Real estate is a disaster. They built an illusion that the world and Chinese citizens bought.
The CCP's desperate for liquidity to keep the illusion going. The CCP's answer, private asset confiscation. The signals coming out of Beijing are alarming and point in that direction. The CCP has already done this in their past not long after they took power. The warning signs are there that they are planning something similar. They have been blocking the exits to stop capital flight which has been off the charts. Those that can get out of the country with their money have been doing just that over the last couple of years. Now it is more difficult. They started confiscating the passports of millions. Beijing this last year has really slammed those doors shut. They can't get their hands on that money if it's overseas. They are doing things like tax audits back 25 years with lots of fines and penalties. They have been arresting bosses and owners confiscating their assets. Arrests are not difficult considering that the entire Chinese system is corrupt. The CCP is systematically destroying the geese that lay the eggs. They are taxing everything they can to squeeze out what little is left.
The country is being eaten alive by their own debt, corruption, and mismanagement. All they can do to keep their heads above water is to keep pumping more RMB into the system and continue exporting their overcapacity overseas. Several of those companies are under water and operate at a loss. They are zombie companies that Beijing orders the banks to give more bad loan money just to keep it all from collapsing. Trump stopped them from sending all that overcapacity here. He sees what they are about and what they have been trying to do - even if others don't. Other places like the EU and Canada, to name a few, are too stupid to see and are falling into the CCP trap. Exports right now are the only thing keeping that economy somewhat functional to the detriment of those that insist on entangling themselves to the Chinese dream.
So the idea that the Chinese can manage something like a precious metals backed currency to me sounds ridiculous. They are communists and function like communists. Xi himself is Mao 2.0. The CCP and the Chinese citizens connected to them are corrupt as hell. It is systemic rather than isolated. Their entire system is built on sand and will never work in the long term - at least in a way that benefits anyone other than the Communist elites. It is crumbling. They will not be able to lead anyone much less themselves. At least not for long.
But, you are right that if they were to plan something like what you suggested, the US must counter it. I would not put something like that past the CCP. But, making the attempt and actually making it work don't go together where the CCP is concerned. Trump is doing his best to insulate us from whatever insanity the CCP tries to pull.
Thanks for the detailed response. Ya, I remember couple years ago we were thinking the Chinese financial system was going to collapse around the Evergrande ghost city debacle. I am sure they have not fully recovered from that. I saw a video where they imploded 15 of the high-rise apartment buildings a while back.
Trump ended China's cheap oil out of Iran. I read yesterday China's inflation is at a 20 month high.
I know Trump has something planned, getting anxious to see what the plan is. I am retirement age and looking to start collecting my social security but I need the precious metal market to take off again to retire comfortably.
This is why, when everyone was hyping buying silver, I suggested caution on what price to buy. Jan 2026 silver was at an all-time high of $101 per oz. Today it is trading at $58 oz. BUT if you bought a ton of it in 202 at $14.90 an oz you have made a lot of money at the current price. Silver has had a troubled history with volatility of prices.
The government can't print it's own money if needed. They CAN dig it out of the ground though, if we care about the constitution.
Here's another article from the 10th Amendment Center on Congress coining money.
https://tenthamendmentcenter.com/2019/10/04/new-evidence-on-the-constitutionality-of-paper-money/
I have over 100 pounds of real money,I'm aware of difference. Having to little money supply is probably worse than having to much.
The fed doesn't even print fake money they just spoof electronic money out of thin air and then lend it to us. So its not even real fake money. I'm sure the govt can spoof money out of thin air cheaper than the FED.... The govt could spoof money like the fed,and our interest payment should eliminate the taxes we pay.
Currently we pay interest on spoofed money to private individuals who own the federal reserve.
Legally they can't.
The Constitution gives FedGov (specifically Congress) the authority to coin money, not print it.
This is far more than simply semantics.
https://blog.tenthamendmentcenter.com/2024/08/should-the-dollar-be-backed-by-gold/
Thomas Paine defines what money is, and is not https://tenthamendmentcenter.com/2025/09/06/thomas-paines-forgotten-paper-money-takedown/
If you're not already familiar with the Tenth Amendment Center I highly, HIGHLY recommend saving a link to their site and perusing it regularly.
https://www.usmint.gov/news/inside-the-mint/mint-history-crime-of-1873?srsltid=AfmBOoreN05np63i8mGpBTU6c3xSXIs3pfKZvNgVtM01gKkSZevnpADo
The crime of 1873
This is when they demonitized silver. It's a must read for everyone here.
The cruel choice so called economic law that said high employment causes inflation and therefore the fed (a private bank who profits greatly on rising interest rates) should raise interest rates to cruelly end rising employment supposedly to ward off inflation... (so very sad betcha betcha that it dramatically increases their profits).
Gold Destoys the FED...
XRP tokenizes and liquidates gold
https://rumble.com/v7bro1a-kevin-warsh-just-killed-the-rule-that-made-americans-suffer.html
For those that want to evade the google trap.
United States politicians in 1913 sold us out
In 1873 they also sold us down the river.
https://www.usmint.gov/news/inside-the-mint/mint-history-crime-of-1873?srsltid=AfmBOoreN05np63i8mGpBTU6c3xSXIs3pfKZvNgVtM01gKkSZevnpADo
Here is the one rule so you do not have to watch a video about it. The "cruel choice" doctrine refers to the traditional Phillips Curve principle that policymakers face an inescapable trade-off between inflation and unemployment. It dictates that a government cannot simultaneously achieve price stability and full employment. The Mechanics of the DilemmaLower Unemployment: To decrease unemployment, the government must boost the economy (e.g., through increased spending or lower interest rates). This drives up demand, which subsequently increases inflation.Lower Inflation: To control inflation, the government must cool the economy (e.g., raising interest rates). This restricts demand, which pushes unemployment up.The Policy MenuUsing this doctrine, governments historically treated the curve as a literal "menu" of options from which to choose. They would use discretionary fiscal and monetary policy to "slide" along the curve—picking the exact balance of inflation and unemployment that aligned with their current political or economic goals.The Modern Critique (The Death of the Doctrine)This concept began to fail in the 1970s with the rise of "stagflation" (simultaneous high inflation and high unemployment). Economists like Milton Friedman argued that this trade-off is only a short-term phenomenon.In the long run, the Phillips Curve is essentially vertical. Attempts to artificially lower unemployment by tolerating higher inflation eventually just cause workers and businesses to expect higher inflation, nullifying any employment gains while locking in a vicious wage-price spiral.
I know I saw economists saying stupid shit about wages cause inflation, when reality showed that high fuel prices are what drove it even more; but I didn't realize this "Phillips Curve" was running the show. Is that why they sent so many of our jobs overseas? And/or imported cheap labor? They suck. But glad to hear there will be a new generation that won't have to live under that B.S. doctrine.
Fractional reserve credit creation by your local bank causes almost all the inflation in prices you see.
That would be true IF banks had any reserve at all. They don't. Our paper money is pure fiat.
And the Founding Fathers knew it. That's why Congress has the authority to coin money, not print it.