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At the beginning of this Video Krugman says that the Federal Reserve, a privately owned international banking cartel, is the government. Its difficult to believe that Krugman doesn't know that the only thing Federal about the Federal Reserve is the name. It's more likely that he knows but is aiding the banks by continuing to perpetrate the lie. It's surprising that Ron Paul didn't jump on this fact and make Krugman look like a fool, but then Krugman does a pretty good job of that all by himself.
Kennedy was the last American president to attempt to take away the money printing power from the privately owned Federal Reserve banking system by using the Constitution, which states "Congress shall have the Power to Coin Money and Regulate the Value." Kennedy stopped the Federal Reserve banking system from printing money and lending it to the government at interest by signing Executive Order 11,110 on June 4, 1963. The order called for the issuance of $4,292,893,815 (4.3 trillion) in United States Notes through the U.S. treasury rather than the Federal Reserve banking system. He also signed a bill backing the one and two-dollar bills with gold which added strength to the new government issued currency. Kennedy's comptroller James J. Saxon, encouraged broader investment and lending powers for banks that were not part of the Federal Reserve system. He also encouraged these non-Fed banks to deal directly with and underwrite state and local financial institutions. By taking the capital investments away from the Federal Reserve banks, Kennedy would break them up and destroy them. John Fitzgerald Kennedy, who alone had dared to stand against the military industrial complex and the Federal Reserve banking system, was murdered in Dallas, Texas at 12:30 p.m. CST on November 22, 1963, in a bloody "coup d'état".
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