12 votes

Was JFK Really Taking on the Fed? Pro and Con.

Perhaps someone can explain this. "Debunkers" say that he was actually retiring silver certificates, but many truth advocates say that he threatened the Fed by allowing the Treasury to print a metal-backed note. I am hoping someone can boil it down so we can see if this was one of the reaons he was murdered. It is a complicated issue and I am having trouble deciding who is right.

Not that it is necessary to show a motive for a conspiracy. Pulling out of Vietnam and detente with Russia would have been enough.

Pro (well-known essay, JFK was challenging the Fed):
http://john-f-kennedy.net/thefederalreserve.htm

'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."

Con (Wiki entry on Executive Order 11110):
http://en.wikipedia.org/wiki/Executive_Order_11110

"A 2010 article in Research magazine discussing various controversies surrounding the Federal Reserve stated that "the wildest accusation against the Fed is that it was involved in Kennedy's assassination."[16] Critics of the theory note that Kennedy called for and signed legislation phasing out Silver Certificates in favor of Federal Reserve Notes, thereby enhancing the power of the Federal Reserve; and that Executive Order 11110 was a technicality that only delegated existing presidential powers to the Secretary of the Treasury for administrative convenience during a period of transition."

Thanks!



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You're joking...

...right?

End the Fed?

Audit the Fed?

Ending the damned thing or opening its books to the world isn't bolder than doing a so-called end-run around it? It's just competing currencies, by the way, which he also suggested.

Work for pay, pay for freedom
Fuck 'em all, we don't need 'em

Republicae's picture

Again, he didn't introduce

Again, he didn't introduce millions of United States Notes, United States Notes had been in circulation since 1863 and continue to be issued until 1966. There was NOTHING new or different in the ones released into circulation in 1963, then was issued in 1953 or those issued after the death of JFK in 1966. Again, JFK recommended that Congress allow for the gradual removal of both Silver Certificates and Silver Coins in his Economic Report of the President delivered to Congress in 1963. In that report, he paved the way for the FED to finally be able to issue $1 Dollar Federal Reserve Notes. The Treasury had already removed $5 and $10 Silver Certificates from circulation in 1961, by order of none other than JFK.

Here is why and it's really simple! The Federal Government was losing massive amounts of money by redeeming Silver Certificates and minting silver coins, the reason being that the market price of silver was increasing, causing the face value of both Silver Certificates and silver coins less than the actual silver content:

"During the 1960s the Treasury moved from being a net buyer of silver to being a net seller of silver. In 1960, the Treasury sold 22 million ounces of silver in bullion form, and used another 46 million ounces in coinage. The next year the Treasury had to sell 63 million ounces of bullion and use another 56 million ounces to replace silver coins that had been taken out of circulation by investors. That year, 1961, the Treasury realized that it would run out of silver for use in coinage and as a reserve against silver certificates unless it took drastic measures to begin phasing silver out of currency. In 1961, the Treasury ordered $5 and $10 silver certificates out of circulation, which freed up silver reserves and reduced the public’s call on Treasury silver. In November 1961 the government also suspended silver bullion sales by the Treasury at the formerly fixed price of 91 cents.

Once the Treasury stopped selling at that price, market quotes for silver quickly rose. In June 1963 the Treasury replaced the $1 silver certificate with Federal Reserve notes. By 1963, silver prices reached $1.29, the monetary value of silver in coinage. At prices above this level, holders of silver certificates would have been able to redeem them for more valuable silver, under the now-defunct silver certificate legislation. (The other trigger price the Treasury worried about was $1.38, at which level it would have become profitable to recycle coinage for its silver content.)

During this transition period, the U.S. Treasury had to keep the silver market well supplied, so that the silver market would remain calm until silver had been completely withdrawn from currency. In late 1963 the Treasury resumed its silver bullion sales, as part of this effort. Over the six years between 1960 and 1965, the Treasury sold a total of 342 million ounces of silver bullion and used another 814 million ounces of silver in coinage. In total, the Treasury used 1,156,000,000 ounces of its silver reserves. Much of this silver, especially the bulk of its used in coins, was quickly bought up by investors. Government steps to remove silver from the currency led investors to conclude that the price of silver would rise sharply once the Treasury no longer was supplying the market with such large volumes of the metal.

Fabrication demand continued to rise sharply. Industrial use, excluding coinage, rose at a 9% pace per year, from 212.9 million ounces in 1959 to 355.8 million ounces in 1965. Including coinage, which grew rapidly during this same time due to the investor run on coins, total fabrication demand rose 16% per annum. Mine production, in contrast rose only 1.9% per year from 195.6 million ounces in 1959 to 218.4 million ounces in 1965.

Secondary recovery of silver was starting to expand, in part spurred by the realization that with the passing of Treasury silver sales and coinage programs the market would need to recover increasing amounts of silver from scrapped items. It was clear to market participants that silver prices had been restrained by the Treasury’s willingness to fill the gap between market supplies and industrial demand, and that once the Treasury’s silver was gone, additional supplies would have to be found elsewhere. Coin melt rose from 10 million ounces in 1960 to 30 million ounces in 1965. Silver recycling from other items rose from 40 million ounces in 1960 to 57 million ounces in 1965."

https://www.silverinstitute.org/site/silver-price/silver-pri...

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Wrong

He Did

Tasers are Torture, Deism.com

LOL

....compelling argument.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

It's called WHD

Wrong
He
Did

A similar strategy to the now infamous WMD ;)

Republicae's picture

Really, then provide the

Really, then provide the proof! Provide accurate, verifiable information that is not based simply on a theory that cannot be substantiated by any possible means.

You say he did, if so then it should be relatively easy to prove that he did what you said...prove it!

This is easy to verify, it's all in the Congressional Record:

On November 28, 1961, President Kennedy halted sales of silver by the Treasury Department. In 1961 he instructed the Treasury to stop the printing and issue of $5 and $10 Silver Certificates. President Kennedy also called upon Congress to phase out silver certificates in favor of Federal Reserve notes.

President Kennedy repeated his calls for Congress to act on several occasions, including his 1963 Economic Report, where he wrote:

I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function.
In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes.

He made it possible for the FED to expand its power and grip over this country...HE WAS NOT THE HERO that you guys, for some strange reason, have made him out to be! This conspiracy theory is a fairy tell, that is filled with subterfuge, but the question is why would such a theory be disseminated?

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Yes he did

I have a 5 Dollar Note from Kennedy on the bank of the United states

Tasers are Torture, Deism.com

Republicae's picture

So, I have United States

So? I have United States Notes from 1928, I have some from 1953, 1963, and 1966....That doesn't prove one thing except that the Treasury had been issuing United States Notes from 1863 and continued to do so all the way until 1966, they were removed from circulation in 1971, well except for those that landed in the hands of collectors. By the way, you know why you can only collect a $5 United States Note from 1963, that was the only denomination issued in 1963 no other Notes were issued, no $1 bills, no $10 bills, no $20 bills, no $50 bills, no $100 bills, and the only ones issued in 1966 were $100 United States Notes. But that is the way the Treasury replenished the circulation to the prescribed amount of $325 Million dollars at any given time demanded by law in the Act of 1878.

Series 1963, $5 denominated United States Note, 65 million were issued into circulation that year, as required by the Act of 1878. Now, according to the Conspiracy theory JFK issued $4.3 Billion into circulation in that year. But since only $5 denominated bills were set to be released that year and only 65 Million of those bills were issued, that means that only $325 Million dollars was released, exactly the amount required by the Act of 1878.

Please, don't be so obtuse in thinking that a United State Note is something special just because it was issued in 1963. the only thing that makes those notes different from earlier issue was that was the first year that the Motto "In God We Trust" was printed on them, that's it.

http://www.moneyfactory.gov/usnotes.html

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

JKK BoUSA Notes

it only proves the notes where printed and issued on the bank of the united states not federal reserve and this only happened for a short while and was stopped by Johnson his first week in office

Tasers are Torture, Deism.com

Bill Still is Ed Griffin's lover

Thanks for the information (I was looking for that law which keeps U.S. notes in existence --if not in circulation-- to this day)

>>>>the only thing that makes those notes different
actually, they were/are very different from the Civil War era greenbacks:
the greenbacks were limited lagal-tender and promised to pay;
the U.S. notes issued after 1917 were full legal tender and until 1963 promised to pay on demand

The 1963 and 1966 series were full legal tender and promised nothing

Republicae's picture

Exactly!

Exactly!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Hey man

I posted the information on the missing 16 trillion on the other thread along with a GAO report link ...it should clear it up for you.

Republicae's picture

Yes, I read it Goldspan

Yes, I read it Goldspan thanks, however, there is still the question the mechanism by which the FED was able to do what it did.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

I thought they used currency swaps

but it's been a while since i have read the GAO report.

Whatever happened I am positive the Bush family was involved

in this conspiracy. I only wish I knew about Prescott Bush before I voted for George H. Bush and Son. The turd didn't fall far before in hit GW over the head.

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

Here is Kennedy talking about

Here is Kennedy talking about the United Nations in his State of the Union Speech from January 1962.

http://www.infoplease.com/t/hist/state-of-the-union/175.html

VI. THE UNITED NATIONS

"But arms alone are not enough to keep the peace--it must be kept by men. Our instrument and our hope is the United Nations--and I see little merit in the impatience of those who would abandon this imperfect world instrument because they dislike our imperfect world.

For the troubles of a world organization merely reflect the troubles of the world itself. And if the organization is weakened, these troubles can only increase. We may not always agree with every detailed action taken by every officer of the United Nations, or with every voting majority. But as an institution, it should have in the future, as it has had in the past since its inception, no stronger or more faithful member than the United States of America."

....

"World order will be secured only when the whole world has laid down these weapons which seem to offer us present security but threaten the future survival of the human race."

------------ Full speech of JFK's 1962 State of the Union Address linked above.

JFK was an advocate of the United Nations. He talked about, "World order," being, "secured," when the whole wold has laid down their own weapons.

To answer your question, was JFK pro FED?

No.

From the same article above:

X. OUR BALANCE OF PAYMENTS

Our efforts to safeguard the dollar are progressing. In the 11 months preceding last February 1, we suffered a net loss of nearly $2 billion in gold. In the 11 months that followed, the loss was just over half a billion dollars.

...

Persistently large deficits would endanger our economic growth and our military and defense commitments abroad. Our goal must be a reasonable equilibrium in our balance of payments.

...

We shall continue to...urge coordination of allied fiscal and monetary policies so as to discourage large and disturbing capital movements.

------------- Full speech linked above

Kennedy was pro United Nations and Anti-Federal Reserve.

I think that is why he was assassinated.

Never be afraid to ask simple questions.

I believe the short answer is yes

but there were even more reasons why he was taken out.

The Wikipedia entry seems to be disinformation. The notes based on silver bullion reserves issued by Kennedy were called United States Notes, not Federal Reserve Notes, and the United States Notes were of course debt-free and interest-free.

Republicae's picture

There were no plans, nor any

There were no plans, nor any United States Notes issued under JFK that had anything to do with Silver. The fact is that since 1961 JFK tried to get Congress to take monetary silver out of circulation. He expressed that same desire in his Congressional Economic Report in 1963. His plans was to remove silver from all circulation and to finally allow the FED to issue Federal Reserve Notes in $1 denominations, replacing all silver certificates in circulation with the new Federal Reserve Notes. United States Notes had been in circulation in this country since the 1862 and continued until 1971, there was nothing new about United States Notes. JFK simply put the last nail in the coffin of all silver backed currency, in 1964 that request became a reality when the Treasury started debasing the amount of silver in U.S. coins, eventually all silver was taken out of circulation thanks, in large part to the efforts of JFK. The conspiracy theory that his EO11110 was intended to issue some type of silver certificate to contravene the power of the FED is not only bogus, but if you read that EO you will quickly see that is doesn't say anything that remotely resembles such a theory. By the way, Ronald Reagan was the President who repealed the outdated EO11110, which was no longer applicable since silver had been taken out of circulation by the actions imitated by JFK.

Rather than fighting the FED, JFK actually empowered the FED, allowing them to expand their power to print Federal Reserve Notes in small denominations and the elimination of silver certificates from circulation in this country as well as the eventual removal of silver coins.

Reading EO11110 you find that it did no order the issue of any new Silver Certificates; it merely amended an earlier Executive Order No. 10289, giving the Treasury the authority to issue Silver Certificates, without the permission of the President, should the need for it arise.

Thus, EO11110 did not create any new authority for the Treasury to issue notes or currency of any kind; it merely affected who could give the order, whether it be the Secretary or the President.

The fact is that the last issuance of Silver Certificates was in 1957, about five years prior to Kennedy's EO11110. The few United States Notes that were printed and issued in 1963 were not Silver Certificates, but were just plain United States Notes that were scheduled, by law, to be printed anyway, no matter who was President.

All anyone needs do is read both the EO11110 and JFKs Economic Report to see that the theory is bunk!

Below is the except from JFKs Congressional Economic Report from 1963:

"Silver

I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function.

In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes."

I am continually amazed that this still gets any traction when evidence to the contrary is so strong!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

According to a few different sources

United States Notes were in circulation under Kennedy, and specifically, silver certificates were issued.

Moreover, how can you say there were not even plans to issue silver certificates/USN's under Kennedy and then suggest reading EO 11110? Because it's written in plain text:

"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 wouldn't it make sense to get all silver out of circulation so that there would have been adequate amounts of silver in reserve in order for the silver certificates to be issued? The CER was chronologically proceeded by EO 11110.

Republicae's picture

NOPE, it's a completely bogus

NOPE, it's a completely bogus theory, and not even a good bogus one at that...the last Silver Certificate was issued in 1957. The United States Notes (non-silver certificates) that were issued in 1963 were issued according to law governing the Treasury and not anything that JFK ordered. Additionally, as I said, it becomes extremely clear of JFKs intentions when you read this this EO in conjunction with his Congressional Economic Report when he called for the removal of all silver certificates. His exact words in that report was that "silver serves no useful monetary function."

Now, would it make sense if he believed that silver served no useful monetary function to then turn around and issue silver certificates? As the Economic Report states, his plans were to remove ALL silver certificates from circulation and that's why he sought authorization for the Federal Reserve to finally be allowed to issue $1 Federal Reserve Notes, until that time the smallest bill it could issue was $5 Federal Reserve Notes.

This is not EO11110, but the original EO issued by Harry Truman in 1951, EO11110 only amended that order making it possible for the Secretary of the Treasury to authorize the issuance of Silver Certificates if necessary, it never became necessary and no Silver Certificates were issued.

The following is the complete EO11110:

President Kennedy's Executive Order (E.O.) 11110 modified the pre-existing Executive Order 10289 issued by U.S. President Harry S. Truman in 1951, and stated the following:[13]

"The Secretary of the Treasury is hereby designated and empowered to perform the following-described functions of the President without the approval, ratification, or other action of the President..."

The order then lists tasks (a) through (h) which the Secretary may now do without instruction from the President. None of the powers assigned to the Treasury in E.O. 10289 relate to money or to monetary policy. Kennedy's E.O. 11110 then instructs that:

*The following is not part of the EO11110, but only the reiteration of the EO that was issued by Harry Truman in 1951, which was amended by JFK under EO11110:

SECTION 1. Executive Order No. 10289 of September 9, 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 an 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 amendments 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.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Can you confirm that the 1963 notes issued

had nothing to do with JFK and were as you say "issued according to law governing the Treasury?"

Although these were not officially called "silver certificates," it appears that they functioned almost identically.

This is my question too.

It is my understanding that he put about $4 billion in Treasury notes into circulation, meaning a precedent is set for issuing our own currency without having to pay interest to the Fed. The banksters could not have possibly liked that very much. It does not surprise me that as a politician he may have said things which seem to contradict a policy of sound money, but I always say: "Don't watch what a politician says, watch what he does."

Release the Sandy Hook video.

Republicae's picture

Now this is the silly

Now this is the silly crap....you demand of me that I provide you with credible links for accurate information and yet you state it is your understanding that he put about $4 Billion into circulation, the actual conspiracy theory states, mistakenly so, that it was $4.3 Billion into circulation. Where did you get that understanding? I can only guess! First, there was no such issue of $4.3 Billion United States Bank Notes, second if he had issued that much paper money into the economy it would have, in 1963, caused almost instant hyper-inflation since the Treasury, by law, was allowed to keep only $346,681,016 in circulation. It is one of those absurd assertions associated with this dumb, non-sensical conspiracy theory. This theory probably has the most holes in it than any other conspiracy theory floating around on the internet, yet people still want to swallow before they chew.

Chew your food before you eat it, it was good advice when you were young, it still is! When you read something THINK!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

"Now this is the silly crap"

"Now this is the silly crap"

Ok, now we can skip your posts, stopped reading. You have just exposed yourself as having nothing to say, and try to hide it with insults and emotional triggers. That makes this easier. We have a lot of good materail being posted here. But we can skip yours.

And still no links. So you are pulling it straight out of your ass.

Release the Sandy Hook video.

Republicae's picture

As I said, you demanded me to

As I said, The silly crap is that you demanded me to provide accurate links and yet you yourself said that it was "your understanding that JFK put $4 Billion of these so-called United States Bank Notes into circulation. Where is your LINK, Sue? Provide the LINKS Sue that proves that JFK not only issued very specific, different United States Notes into circulation and that he issued $4 Billion into circulation.

I have provided several links in an earlier post on this Thread if you take the time to actually look and read.

You have provided nothing that substantiates your claims, as I said you seem to want to believe so bad that you will overlook all evidence to the contrary, there is a word for that, by the way.

I think my years on the DP and all of the articles I have written stand for themselves, if you choose not to read my posts and provide an adequate rebuttal then that simply proves the weakness of your own position , nothing more. The members of the DP that have following my writings over the years will be quick to tell you that I am one that tries to get to the truth of an issue, not simply glaze over it without questioning the veracity of the issue.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Republicae's picture

The Currency Act of May 3,

The Currency Act of May 3, 1878 required that circulation be maintained at $346,681,016 at all times. That remained the Law until 1969. United States Notes were issued in series 1928, 1953, 1963, and 1966 in denominations of $1, $2, $5 and $100. Now, what was the difference between those issued in 1953 verses 1963 verses 1966? NONE! Those were scheduled issues based solely upon the discretion of the Treasury as it complied with the Act of 1878, there was nothing special about those issued in 1963 anymore than there was anything special about those issued in 1966. There were not Silver Certificates, nor could they be redeemed for silver!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Again, link please. You are just an anonymous poster

like all of us. Your words alone have no authority whatsoever.

Release the Sandy Hook video.

Republicae's picture

I would have assumed that you

I would have assumed that you already knew where to look if you had actually researched this issue in order to write your original article however, since it appears that you have not actually researched it enough here are some links for you to read and learn from:

http://www.treasury.gov/resource-center/faqs/currency/pages/...

"United States Notes (characterized by a red seal and serial number) were the first national currency, authorized by the Legal Tender Act of 1862 and began circulating during the Civil War. The Treasury Department issued these notes directly into circulation, and they are obligations of the United States Government. The issuance of United States Notes is subject to limitations established by Congress. It established a statutory limitation of $325 million on the amount of United States Notes authorized to be outstanding and in circulation. While this was a significant figure in Civil War days, it is now a very small fraction of the total currency in circulation in the United States.

(*by the way, the amount of the issue in 1963 was exactly as the Act of 1878 prescribed $325 Million Dollars, but only $5 denominated bills were issued in that year and the number of those bills issued was 65 Million...strange isn't it? Instead of the $4.3 Billion that you understand was issued, like the false conspiracy theory you promote states, it was exactly the amount the Act of 1878 legally allowed)

Both United States Notes and Federal Reserve Notes are parts of our national currency and both are legal tender. They circulate as money in the same way. However, the issuing authority for them comes from different statutes. United States Notes were redeemable in gold until 1933, when the United States abandoned the gold standard. Since then, both currencies have served essentially the same purpose, and have had the same value. Because United States Notes serve no function that is not already adequately served by Federal Reserve Notes, their issuance was discontinued, and none have been placed in to circulation since January 21, 1971."

Here are the Images of all the United States Notes issued from 1928 through 1966, you will also notice the number of notes that were issued into circulation during each of the years:

http://people.ku.edu/~kaf/pmoney/usn.htm

Now, according to this bogus theory, JFK issued $4.3 Billion in United States Notes, it hardly adds up does it? First, as I have stated hundreds of times on this very subject on the DP, for this is not the first time this subject has been written about here on the Daily Paul, that United States Notes have been issued since 1963 all the way up to 1966, the last ones in circulation were in 1971.
"In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes."

But, for the entire Annual Message to the Congress: The Economic Report of the President
January 21, 1963, here ya go: http://www.presidency.ucsb.edu/ws/?pid=9342

Why is he making the recommendations that he is? He tells you why in that paragraph when he says, very clearly, he wishes to repeal the Acts that obligate the Treasury to support the price of silver, repeal the 50% tax on transfers of interest in silver, authorize the FED to issue $1 Federal Reserve Notes and the reason for all that is he wants to gradually withdraw silver certificates from circulation and the use of silver that has been release for coins. He was saying that he wanted not only silver certificates removed, but also silver coins removed from circulation. There was a good reason he wanted to do this, it was because the market price of silver, particularly for industrial usage was making the government lose massive amounts of money on redeeming Silver Certificates and issuing silver coins.

Below shows you what was happening in the silver market and essentially the reason that JFK recommended the removal of silver certificates and silver coins.

"During the 1960s the Treasury moved from being a net buyer of silver to being a net seller of silver. In 1960, the Treasury sold 22 million ounces of silver in bullion form, and used another 46 million ounces in coinage. The next year the Treasury had to sell 63 million ounces of bullion and use another 56 million ounces to replace silver coins that had been taken out of circulation by investors. That year, 1961, the Treasury realized that it would run out of silver for use in coinage and as a reserve against silver certificates unless it took drastic measures to begin phasing silver out of currency. In 1961, the Treasury ordered $5 and $10 silver certificates out of circulation, which freed up silver reserves and reduced the public’s call on Treasury silver. In November 1961 the government also suspended silver bullion sales by the Treasury at the formerly fixed price of 91 cents.

Once the Treasury stopped selling at that price, market quotes for silver quickly rose. In June 1963 the Treasury replaced the $1 silver certificate with Federal Reserve notes. By 1963, silver prices reached $1.29, the monetary value of silver in coinage. At prices above this level, holders of silver certificates would have been able to redeem them for more valuable silver, under the now-defunct silver certificate legislation. (The other trigger price the Treasury worried about was $1.38, at which level it would have become profitable to recycle coinage for its silver content.)

During this transition period, the U.S. Treasury had to keep the silver market well supplied, so that the silver market would remain calm until silver had been completely withdrawn from currency. In late 1963 the Treasury resumed its silver bullion sales, as part of this effort. Over the six years between 1960 and 1965, the Treasury sold a total of 342 million ounces of silver bullion and used another 814 million ounces of silver in coinage. In total, the Treasury used 1,156,000,000 ounces of its silver reserves. Much of this silver, especially the bulk of its used in coins, was quickly bought up by investors. Government steps to remove silver from the currency led investors to conclude that the price of silver would rise sharply once the Treasury no longer was supplying the market with such large volumes of the metal.

Fabrication demand continued to rise sharply. Industrial use, excluding coinage, rose at a 9% pace per year, from 212.9 million ounces in 1959 to 355.8 million ounces in 1965. Including coinage, which grew rapidly during this same time due to the investor run on coins, total fabrication demand rose 16% per annum. Mine production, in contrast rose only 1.9% per year from 195.6 million ounces in 1959 to 218.4 million ounces in 1965.

Secondary recovery of silver was starting to expand, in part spurred by the realization that with the passing of Treasury silver sales and coinage programs the market would need to recover increasing amounts of silver from scrapped items. It was clear to market participants that silver prices had been restrained by the Treasury’s willingness to fill the gap between market supplies and industrial demand, and that once the Treasury’s silver was gone, additional supplies would have to be found elsewhere. Coin melt rose from 10 million ounces in 1960 to 30 million ounces in 1965. Silver recycling from other items rose from 40 million ounces in 1960 to 57 million ounces in 1965."

https://www.silverinstitute.org/site/silver-price/silver-pri...

As far as blanket assertions, I am not sure just how much more specific one can get except to use the very words that JFK used in his speech to Congress. That is very clear, there is precious little room for conjecture when he clearly states he wants Congress to gradually remove both silver certificates and silver coinage from circulation.What amazes me is just how many people really have such an intense desire that this theory be true that they completely overlook all the information that so completely and clearly debunks it.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

G. Edward Griffin & Tom Woods Say No

Read their analyses at the following links.

THE JFK MYTH: Was he assassinated because he opposed the Fed? by G. Edward Griffin, (author of "The Creature From Jekyll Island: A Second Look at the Federal Reserve")

Was JFK Assassinated Because He Opposed the Fed? by Tom Woods

Even these guys acknowledge that the issue is complex

...at the end of the essay. If they are hanging their hat on the fact that EO 11110 did not "order" but merely allowed the Sec Treasury to print silver certificates, and that Dillon came from a bankster background (as they seem to be) that is not enough for me to disprove the thesis. The difference between ordered and allowed is small, and JFK was the kind of man who could inspire the loyalty of even a former bankster. Thanks for the input though. Still puzzling it out.

Release the Sandy Hook video.