Kennedy Executive Order 11110
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If a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level
On June 4, 1963, President John F. Kennedy signed Executive Order No. 11110 [see transcript below] that returned to the U.S. government the power to issue currency, without going through the Federal Reserve (US Central Bank). Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation.
As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations [See photo below]. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated.
Kennedy United States Notes actually circulated shortly
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Kennedy's Executive Order was never repealed by any U.S. President
With the stroke of a pen, President Kennedy was on his way to putting the Federal Reserve Bank out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything.
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level.
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Executive Order 11110 TRANSCRIPT
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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Well, firs the father then the son. Hope nothing happens to Ron Paul.
Concerned citizens should start awarness programs in their communities, I think I'd like to organize one, with the outrage over the current economic crises people might be more responsive. Do you part, tell a friend the Fed is no good.
Concerned citizens should start awarness programs in their communities, I think I'd like to organize one, with the outrage over the current economic crises people might be more responsive. Do you part, tell a friend the Fed is no good.
Taking the power from the banking system will not be allowed. Wonder why the banking system got bailed out with NO accountability???? but the car makers are being treated differently.
Do some research and see who the board of directors are at the federal reserve and presidents of the twelve Federal Reserve District Banks. 75% of these board members have something in common???? Thier alliance is not with the american people...
Ben S. Bernanke, Chairman | Donald L. Kohn, Vice Chairman | Kevin M. Warsh | Randall S. Kroszner | Elizabeth A. Duke
I certainly would love to throw off the power of central banking and return to a system that doesn't allow our money to be controled by anyone, let alone a shady private group.
Yet, I have to point out that this article misunderstand or purposely misrepresents this executive order was about. See http://mcadams.posc.mu.edu/weberman/jfk.htm
islam will win
we worship one god
you worship 3 gods
Allah id great all other idols shall perish including the idol of worshipping countries, jesus ( who is not the son of god, but just a prophet, like abraham, moses and mohamed peace be upon all of them ) and actors.
Support Ron Paul's H.R. 1207, a bill that will audit the federal reserve. It's a first step in eliminatiing these crooks, that have been devaluing our dollars everytime they turn on the printing presses.
It is well explained in The Money Masters documentary film. You ca download it in youtube. JFK was not the only one do that thing also Abe Lincoln this is why he was assassinated also. No one in the congress ever touch the matter of the Federal Reserve Bank because they are very powerful, powerful than of all nation, powerful than the military of any country even the US military. That is why the US government can not just abandon Israel because FED, Wall Street, IMF and the World bank are owned the said "Chosen People"who controls the World.
The only way out is to audit the Fed reserve... We as tax payers should be more educated than to let a private banking system charge us exorbitant interest on money that is hard earned and interest payed VIA our income taxes. The checks we write out to the IRS are endorsed by the initials of the Federal Reserve. I say we need to have HR 1207 enacted so we as a people know what truly is going on with our country. I think its silly that people think its a hoax that JFK was assassinated for bringing back the silver notes into currency. The banks don't want you to know what is going on and nor will they provide us the working people any info on how it makes their money. Fort Knox for example has not been audited in how many years? Who knows if there is any gold or silver left to back up our dollar. These are the questions we need to ask congress to look into. Income taxes and the coinage of money from another source besides congress is against the Constitution of the United States. It's too bad that more Americans aren't in tune with what is going on. All the bailout money is being printed at record paces and the interest alone which the Fed Reserve will not tell us how much we are going to have to pay in interest alone is staggering.
Before the Federal Reserve Act, money would say "Ten Dollars in Gold", now it says Federal Reserve Note. And there is nothing federal about The Federal Reserve, it's really known as fractional reserve banking, but that has negative connotations, so they went with federal because that sounds more official, and it continues to trick people to this day. So they print our money for us and loan it to the government at interest. We then have to print more money to pay the interest off, in which they charge us interest on that and so on and so forth. So why don't we print our own money? We could end this system, print and control our own money and back it with resources of value such as gold, silver and platinum, instead of NOTHING. By doing that, the dollar would be backed, diversified and not be as susceptible to natural or artificially created fluctuations. But the powers that be don't want this because when it's backed by nothing they have waaay more control to create an economic bubble and then bust it, situating themselves to rake in as much as possible when the bubble finally bursts. That concentrates even more wealth in fewer and fewer hands. With these megalomaniacs running the fed and looking to force the U.S. to borrow from them, WAR is the most horrifying way these ruthless motherfuckers will do it. Nothing creates more ridiculous amounts borrowing and lending than war and between the Kennedy assassination conspiracy and the 9/11 conspiracy, I don't know how anyone can't at least consider that these events and therefore, the Vietnam, Afghan and Iraq Wars, would have never happened without these incentives. Wake the fuck up and realize these people have never cared about America, they see it as a nation of morons, sitting on piles of vast resources, waiting to be exploited. How's that for a comment.
It is our right as 'free' people to demand that Order 11110 and its amendment be exercised by our US Govt. The very fact the Fed exists is proof that our Constitutional Rights are ignored
Sorry for this, but it seems too late! I've checked out govt archives at http://www.archives.gov/federal-register/codificat
Not a word about the chance to print our own silver dollar! Bankers win... again.
WriterGig says:
2 years ago
Wow, thanks for writing this. This is why people should vote for Ron Paul for president-- he advocates a return to the gold standard and an end to the Federal Reserve (which is simply a way for the ruling elite to control us).