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Kennedy Executive Order

Kennedy Executive Order

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Published by: thesolprovider13 on Sep 26, 2011
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12/16/2012

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PresidentKennedy,theFederalReserveandExecutiveOrder11110
byCedricX.(From
TheFinalCall,
Vol1S,No.6,on-January17,1996(USA))On-June4,1963,alittleknownattemptwasmadetostriptheFederalReserveBankofitspowertoloanmoneytothegovernmentatinterest.OnthatdayPresident-JohnF.KennedysignedExecutiveOrderNo.11110thatreturnedtotheU.S.governmentthepowertoissuecurrency,withoutgoingthroughtheFederalReserve.Mr.Kennedy'sordergavetheTreasurythepower"toissuesilvercertificatesagainstanysilverbullion,silver,orstandardsilverdollarsintheTreasury."ThismeantthatforeveryounceofsilverintheU.S.Treasury'svault,thegovernmentcouldintroducenewmoneyintocirculation.Inall,Kennedybroughtnearly$4.3billioninU.S.notesintocirculation.Theramificationsofthisbillareenormous.Withthestrokeofapen,Mr.KennedywasonhiswaytoputtingtheFederalReserveBankofNewYorkoutofbusiness.IfenoughofthesesilvercertificatsweretocomeintocirculationtheywouldhaveeliminatedthedemandforFederalReservenotes.ThisisbecausethesilvercertificatesarebackedbysilverandtheFederalReservenotesarenotbackedbyanything.ExecutiveOrder11110couldhavepreventedthenationaldebtfromreachingitscurrentlevel,becauseitwouldhavegiventhegevernmenttheabilitytorepayitsdebtwithoutgoingtotheFederalReserveandbeingchargedinterestinordertocreatethenewmoney.ExecutiveOrder11110gavetheU.S.theabilitytocreateitsownmoneybackedbysilver.AfterMr.Kennedywasassassinatedjustfivemonthslater,nomoresilvercertificateswereissued.
TheFinalCall
haslearnedthattheExecutiveOrderwasneverrepealedbyanyU.S.PresidentthroughanExecutiveOrderandisstillvalid.Whythenhasnopresidentutilizedit?Virtuallyallofthenearly$6trillionindebthasbeencreatedsince1963,andifaU.S.presidenthadutilizedExecutiveOrder11110thedebtwouldbenowherenearthecurrentlevel.Perhapstheassassinationof-JFKwasawarningtofuturepresidentswhowouldthinktoeliminatetheU.S.debtbyeliminatingtheFederal
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8:40PM
 
Reserve"scontroloverthecreationofmoney.Mr.Kennedychallengedthegovernmentofmoneybychallengingthetwomostsuccessfulvehiclesthathaveeverbeenusedtodriveupdebt-warandthecreationofmoneybyaprivately-ownedcentralbank.HiseffortstohavealltroopsoutofVietnamby1965andExecutiveOrder11110wouldhaveseverelycutintotheprofitsandcontroloftheNewYorkbankingestablishment.AsAmerica"sdebtreachesunbearablelevelsandaconflictemergesinBosniathatwillfurtherincreaseAmerica"sdebt,oneisforcetoask,willPresidentClintonhavethecouragetoconsiderutilizingExecutiveOrder11110and,ifso,ishewillingtopaytheultimatepricefordOingso?
ExecutiveOrder11,110
AMENDMENTOFEXECUTIVEORDERNO.10289ASAMENDED,RELATINGTOTHEPERFORMANCEOFCERTAINFUNCTIONSAFFECTINGTHEDEPARTMENTOFTHETREASURYByvirtueoftheauthorityvestedinmebysection301oftitle3oftheUnitedStatesCode,itisorderedasfollows:Section1.ExecutiveOrderNo.10289ofSeptember19,1951,asamended,isherebyfurtheramended-a.Byaddingattheendofparagraph1thereofthefollowingsubparagraph(j):(j)TheauthorityvestedinthePresidentbyparagraph(b)ofsection43oftheActofMay12,1933,asamended(31U.S.C.821(b)),toissuesilvercertificatesagainstanysilverbullion,silver,orstandardsilverdollarsintheTreasurynotthenheldforredemptionofanyoutstandingsilvercertificates,toprescribethedenominationofsuchsilvercertificates,andtocoinstandardsilverdollarsandsubsidiarysilvercurrencyfortheirredemptionandb.Byrevokingsubparagraphs(b)and(c)ofparagraph2thereof.Sec.2.TheamendmentsmadebythisOrdershallnotaffectanyactdone,oranyrightaccruingoraccruedoranysuitorproceedinghadorcommencedinanycivilorcriminalcausepriortothedateofthisOrderbutallsuchliabilitiesshallcontinueandmaybeenforcedasifsaidamendmentshadnotbeenmade.JohnF.KennedyTheWhiteHouse,June4,1963.
Ofcourse,thefactthatbothJFKandLincolnmetthethesameendisamerecoincidence.
AbrahamLincoln·sMonetaryPolicy,1865
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