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Silver Currency died with J.F.K.

Executive Order 11110 signed by John Kennedy was his own death warrant. We haven't seen silver currency or silver certificates since.

Coincidence?

http://www.youtube.com/watch?v=g1mEXX1rO5o

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LMAO,

people don't believe what they see.

The secret service stand-down is the most telling aspect.

Yeah, the official story is that the guys waved off the limo, had to tend to the plane or whatever.

Well, So what!

Who was going to take their place on the bumper?

Nobody?

The security team didn't think about that?

WTF!

This was a state sponsored hit, pure and simple. And probably, just like 911 they knew it was going to happen, and they allowed it to happen.

Who benefits?

Duh!

Follow the money.

And don't even try to tell me that FRN's can compete with silver backed currency.

Common sense ain't as common as you might think.

NEVER MIND the Silver Certificates...

WHAT ABOUT "U.S. BANKNOTES" that were issued during JFK's time???

Two and Five Dollar notes were issued and Ten's and Twenty's were halted and never circulated after JFK was done away with.

I think the FED was behind this all the way.

Also, JFK was resisting the Vietnam War effort which, as all other wars since World War One, have been instigated by the bankers who get rich funding both sides.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Nope again. Read that link from G. Edward Griffin I posted

below.

U.S. Notes were authorized in 1868. (if I recall) Their quantity and value were regulated by law and had to be maintained. The treasury did issue some U.S. Notes during Kennedy's administration, because they were replacing old, and worn out notes. If notes are removed from circulation, they have to be replaced per the par levels set by the law. All authorization for them has since been repealed and they are no longer redeemable. (as far as I know)

Read the Griffin article, it explains this more.

US Banknotes are limited to

US Banknotes are limited to $600 millon. This is our non elastic currency. The FRN's are an elastic currency. The FRN was originally redeemable in gold upon demand, "lawful money". Since 1933 the Federal Reserve Act was amended and the FRN is no longer redeemable in Gold, but it is still redeemable in lawful currency, US Banknotes, which in turn are redeemable in Gold. Good thing the public is unaware of this, as there are trillions in FRN's, but only $600 million in lawful currency...

They ceased printing US Banknotes reasoning that FRN's were functioning fine in their stead, and no one was demanding redemption in US Banknotes. Go to the Fed and try to redeem FRN's in Gold and they'll tell you to get lost. But the Federal Reserve Act does specify that FRN's are redeemable in lawful currency.

----------------------------------------------------------
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

a copy of the order.....

Executive Order 11110 - Amendment of Executive Order No. 10289 as Amended, Relating to the Performance of Certain Functions Affecting the Department of the Treasury
June 4, 1963

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.

SEC. 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

In order to understand 11110,

In order to understand 11110, one has to read executive order 10289 (Ike) as amended.

Bottom line, all that executive order 11110 did was to authorize the Secretary of the Treasury to do something on his own that previously required the president's signature.

The whole story about 11110 being a terribly important assertion of power by Kennedy that was at odds with the Fed is a fallacious urban legend. See samadamscs's "This is simply not true" post.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

This is simply not true.

This myth has certainly made its rounds. Kennedy was not an enemy of the FED, he in fact signed a law which gave the FED the authority to print smaller denomination notes. (which it did not have at the time) The purpose and intent of this E.O. was not to replace FRNs with Silver Certificates, but rather to reduce the # of such certificates in circulation and to protect the strategic silver stockpile from being used in coinage.

Additionally, and most importantly, this E.O. did NOT authorize the issuance of Silver Certificates. It simply amended an older Truman order that lists powers that the Treasury Secretary can carry out without bothering the President. This was necessary because until Kennedy, the Treas.Sec. had the authority to issue the certificates. By Kennedy repealing the Silver Purchase Act, he had to re-assign that authority back to the Secretary and he did so with this order.

Certificates were issued under this order in 1964 (after his death) and that issue was the smallest since 1933. Hardly an effort to increase their circulation.

For more on this:

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

and from G. Edward Griffin, the author of Creature From Jekyll Island:
http://www.freedomforceinternational.org/freedomcontent.cfm?...

SteveMT's picture

Isn't it true that this EO has never been rescinded?

And if this is true, why isn't it being used now?

Thanks for the post Felix.

according to wikipedia....

Reagan did a clean up executive order, and this one went out the books.

i just wikipedia'd executive order 11110

That is correct.

Actually, Reagan didn't revoke it specifically. he revoked the order Truman had issued which E.O. 11110 was merely an amendment to thus E.O. 11110 went away as well. The underlying law for Truman's order had been repealed too. So there is no basis in law for Silver Certificates any longer, and they are no longer redeemable either.

That is my understanding.

So, every President since has been a scared puppet in my opinion.