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0zzy
10-20-2007, 10:42 PM
http://www.john-f-kennedy.net/executiveorder11110.htm


On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. 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. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

Sounds a lot like Ron Paul's plan to have competition.
LBJ reversed this bill, I think. Others say he never did and this law is still legal.
Why is this never talked about?
And do you think the Federal Reserve is keeping an eye on Paul?

foofighter20x
10-20-2007, 10:48 PM
That quote is a total misrepresentation of what EO 11110 did.

http://mcadams.posc.mu.edu/weberman/jfk.htm:

E.O. 11,110 did not create authority to issue new silver certificates, it only affected who could give the order. The purpose of the order was to facilitate the reduction of certificates in circulation, not to increase them. In October 1964 the Treasury ceased issuing them entirely. The Coinage Act of 1965 (PL 89-81) ended the practice of using silver in most U.S. coins, and in 1968 Congress ended the redeemability of silver certificates (PL 90-29). E.O. 11,110 was never reversed by President Johnson and remained on the books until 1987 when there was a general cleaning-up of executive orders (E.O. 12,608, 9/9/87). However, by this time the remaining legislative authority behind E.O. 11,110 had been repealed by Congress with PL 97-258 in 1982.

In summary, E.O. 11,110 did not create new authority to issue additional silver certificates. In fact, its intention was to ease the process for their removal so that small denomination Federal Reserve Notes could replace them in accordance with a law Kennedy himself signed. If Kennedy had really sought to reduce Federal Reserve power, then why did he sign a bill that gave the Fed still more power?

Electric Church
10-20-2007, 11:36 PM
That quote is a total misrepresentation of what EO 11110 did.

http://mcadams.posc.mu.edu/weberman/jfk.htm:

No. That website you got that from is a "total misrepresentation" and part of the ongoing coverup of the Kennedy assasination and supports the mainstream fable: http://mcadams.posc.mu.edu/

Whenever I see the words "debunking" and "myths" in defense of the maistream establishment crap that I've been force fed since birth I toss the source straight into the trash.

Kennedy was murdered by criminal elements of the ruling establishment and executive order 11110 was only part of the reason.