Comment: It is indeed odd, that

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Republicae's picture

It is indeed odd, that

It is indeed odd, that proponents of this Conspiracy Theory never seem to look any deeper than the EO11110, even though that alone is enough to debunk the theory, but there is a massive amount of cohobating evidence that completely, especially Public Law 88-36, and absolutely debunks this theory, if one only takes the time to do the research instead of depending on all of the various websites that promote such an obviously erroneous theory.

You see, EO11110 was a transitional Executive Order that would serve as a transitional period until the Law, Passed by Congress, could come into effect. Essentially, all EO11110 did was to allow the Treasury Secretary authorization to issue silver and silver certificates if the need arose without the direct authority of the President of the United States. Thus, the law was passed by Congress, signed by President Kennedy (strange that if he was so opposed to the FED he would not only support such a law, but promote it and then sign it after passage) and became law. This law directed that both Silver Certificates and Silver Coins would no longer be issued, along with that, the Federal Reserve was given additionally authority to issue $1 and $2 Dollar Federal Reserve Notes for the first time, ultimately the plan was to replace all United States Notes with Federal Reserve Notes. Kennedy did not oppose the Federal Reserve, but through his Executive Order and the Legislation he signed into law, he expanded the authority of the Federal Reserve.

JFK IS NOT THE HERO THAT THIS CONSPIRACY THEORY MAKES HIM OUT TO BE, JUST THE OPPOSITE!

The real heros were those that voted against Public Law 88-36, but the supporters of the FED won the day, the bill was passed into law thereby ending the last vestiges of sound money circulating in this country.

Public Law 88-36
The House of Representatives took up the President’s request early in 1963, and passed HR 5389 on April 10, 1963, by a vote of 251 to 122. The Senate passed the bill on May 23, by a vote of 68 to 10.

President Kennedy signed the bill into law on June 4, 1963 and also signed an executive order (11110) authorizing the Treasury Secretary to continue printing silver certificates and issuing silver coins if necessary during the transition period. The act, which became Public Law 88-36 (77 Stat. 54), repealed the Silver Purchase Act of 1934 and related laws, repealed a tax on silver transfers, and authorized the Federal Reserve to issue one- and two-dollar bills, in addition to the notes they were already issuing.

The Silver Purchase Act had authorized and required the Secretary Treasury to buy silver and issue silver certificates. With its repeal, the President needed to delegate to the Treasury Secretary the President’s own authority under the Agricultural Adjustment Act.

Below, you will find various articles written prior to and during the period of the passage of the Bill that JFK promoted in Congress to eliminate the use of silver to back money and to expand the role of the Federal Reserve in the issuance of Federal Reserve Notes:

1. “New Kennedy Silver Policy”. Southeast Missourian. AP: p. 8. November 28, 1961.

2. “Silver Sale by Treasury Ended; President Seeks Support Repeal”. New York Times: p. 1. November
29, 1961.

3. Economic Report of the President, p. XXIII. January 21, 1963. House document No. 28, 88th
Congress, 1st Session. U.S. Govt. Printing Office.

4. Silver Legislation, April 3, 1963, House of Representatives Report No. 183, 88th Congress, 1st
Session.

5. “Silver Act Repeal Plan Wins House Approval”. New York Times. April 11, 1963.

6. “House Passes Silver Bill By 251-122″. St. Petersburg Times. AP: p. 2A. April 11, 1963.

7. “Senate Votes End to Silver Backing”. New York Times. May 24, 1963.

8. “Senate Okays Replacement of Silver Notes”. Deseret News and Telegram. UPI: p. 2A. May 23, 1963.

9. “Kennedy Signs Silver Bill”. Spokane Daily Chronicle. AP: p. 62. June 6, 1963.

10. “Bill to Release Silver Is Signed by President”. New York Times. June 6, 1963.
Public Law 88-36, 77 Stat. 54, United States Statutes at Large, Vol. 77 (1963), p. 54, U.S. Govt.
Printing Office.

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