THE FOLLOWING IS FACT, NOT FICTION, NOT OPINION:
President Kennedy signed Executive Order 11110 on June 4, 1963.
Some of these UNITED STATES NOTES were put into circulation.
When Lyndon Johnson became president, the issuance of this
National Currency was halted and banks were ordered
to pull the U.S. NOTES out of circulation. Collectors still have a
few of these U.S. NOTES which are distinctive because they have
red serial numbers and a red seal of the U.S. Treasury.
Here are more facts about this little known subject.
Regards to All
Nakano
__________________________________________________________________
From: http://www.numismaticrareuscoin.com/nbn/JFK.html
On June 4, 1963, a virtually unknown Presidential decree, Executive Order
11110, was signed with the authority to basically strip the Federal Reserve
Bank of its power to loan money to the United States Federal Government at
interest. With the stroke of a pen, President Kennedy declared that the
privately owned Federal Reserve Bank would soon be out of business. The
Christian Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress. We can now safely
conclude that this Executive Order has never been repealed, amended, or
superceded by any subsequent Executive Order. In simple terms, it is still
valid.
When President John Fitzgerald Kennedy - the author of Profiles in Courage -
signed this Order, it returned to the federal government, specifically the
Treasury Department, the Constitutional power to create and issue currency -
money - without going through the privately owned Federal Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed further
below] gave the Treasury Department the explicit authority:
"to issue silver certificates against any silver bullion, silver, or standard
silver dollars in the Treasury."
This means that for every ounce of silver in the U.S. Treasury's vault, the
government could introduce new money into circulation based on the silver
bullion physically held there. As a result, more than $4 billion in United
States Notes were brought into circulation in $2 and $5 denominations. $10
and $20 United States Notes were never circulated but were being printed by
the Treasury Department when Kennedy was assasinated. It appears obvious that
President Kennedy knew the Federal Reserve Notes being used as the purported
legal currency were contrary to the Constitution of the United States of
America. "United States Notes" were issued as an interest-free and debt-free
currency backed by silver reserves in the U.S. Treasury.
President Kennedy was assassinated on November 22, 1963 and the United States
Notes he had issued were immediately taken out of circulation. Federal
Reserve Notes continued to serve as the legal currency of the nation.
According to the United States Secret Service, 99% of all U.S. paper
"currency" circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes.
This is a very simple matter of economics. The USN was backed by silver and
the FRN was not backed by anything of instrinsic value. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new "money". Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
worth something.
Again, according to our own research, just five months after Kennedy was
assasinated, no more of the Series 1958 "Silver Certificates" were issued
either, and they were subsequently removed from circulation. Perhaps the
assassination of JFK was a warning to all future presidents not to interfere
with the private Federal Reserve's control over the creation of money. It
seems very apparent that President Kennedy challenged the "powers that exist
behind U.S. and world finance". With true patriotic courage, JFK boldly faced
the two most successful vehicles that have ever been used to drive up debt:
1) war (Viet Nam); and, 2) the creation of money by a privately owned central
bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined
with Executive Order 11110 would have destroyed the profits and control of
the private Federal Reserve Bank.
------------------------------------------------------------------------------
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Executive Order 11110
AMENDMENT OF EXECUTIVE ORDER NO. 10289
AS AMENDED, RELATING TO THE PERFORMANCE OF
CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY
By virtue of the authority vested in me by section 301 of title 3 of the
United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is
hereby further amended -
(a) By adding at the end of paragraph 1 thereof the following subparagraph
(j):
"(j) The authority vested in the President by paragraph (b) of section 43 of
the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver
certificates against any silver bullion, silver, or standard silver dollars
in the Treasury not then held for redemption of any outstanding silver
certificates, to prescribe the denominations of such silver certificates, and
to coin standard silver dollars and subsidiary silver currency for their
redemption," and
(b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof.
SECTION 2. The amendment made by this Order shall not affect any act done, or
any right accruing or accrued or any suit or proceeding had or commenced in
any civil or criminal cause prior to the date of this Order but all such
liabilities shall continue and may be enforced as if said amendments had not
been made.
JOHN F. KENNEDY
THE WHITE HOUSE,
June 4, 1963
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