Why was JFK assassinated

1963 $5 bill: http://en.wikipedia.org/w...

Notice what is written at the top of the bill, or rather what is not written. The absence of the Federal Reserve. It just might be that Kennedy was assassinated by those who benefited by the US having and keeping a central bank.

I came across a website a while back explaining that there is also some sort of correlation between assassinations or attempts and Presidents who wanted to get rid of the central bank.

The Federal Reserve, by the way, is our third central bank. So it would not be the first time that central banks were closed down, it had happened before.

US Notes.
Didn't support CIA shenanigans (i.e. Operation Northwoods).
Opposed and spoke out against "abhorrent secret societies".
Power hungry lapdog LBJ was waiting in the wings.
Etc.

But the official story says it was some lone nut with some of the greatest shooting accuracy of all time. Oh well...
_________________________________

My liberty-minded home base of thought:

www.ponderthis.net

John F. Kennedy
vs
The Federal Reserve

John-F-Kennedy.net Message Board
Post | Read

On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.

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. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper "currency" circulating in 1999 are Federal Reserve Notes.

Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new "money". Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.

Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 "Silver Certificates" were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money. It seems very apparent that President Kennedy challenged the "powers that exist behind U.S. and world finance". With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt:

1) war (Viet Nam); and,

2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.

Executive Order 11110

AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. 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. SECTION 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

Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998:

Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:

EO 10583, dated December 18, 1954, 19 F.R. 8725;

EO 10882 dated July 18, 1960, 25 F.R. 6869;

EO 11110 dated June 4, 1963, 28 F.R. 5605;

EO 11825 dated December 31, 1974, 40 F.R. 1003;

EO 12608 dated September 9, 1987, 52 F.R. 34617

The 1974 and 1987 amendments, added after Kennedy's 1963 amendment, did not change or alter any part of Kennedy's EO 11110. A search of Clinton's 1998 and 1999 EO's and Presidential Directives has also shown no reference to any alterations, suspensions, or changes to EO 11110.

The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black's Law Dictionary defines the "Federal Reserve System" as: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves." Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors".

The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black's Law Dictionary, we find that these privately owned banks actually issue money:

"Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)".

The privately owned Federal Reserve (FED) banks actually issue (create) the "money" we use. In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is: "The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them".

Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is!

No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:

"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".

Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions.

The FED basically works like this: The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken about in Jim Marrs' 1990 book Crossfire:"

Another overlooked aspect of Kennedy's attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.

Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks".

In a comment made to a Columbia University class on Nov. 12, 1963,

Ten days before his assassination, President John Fitzgerald Kennedy allegedly said:

"The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight."

In this matter, John Fitzgerald Kennedy appears to be the subject of his own book... a true Profile of Courage.

This research report was compiled for Lawgiver. Org. by Anthony Wayne

What is the Federal Reserve Bank?

What is the Federal Reserve Bank (FED) and why do we have it?

by Greg Hobbs November 1, 1999

The FED is a central bank. Central banks

No idea.

Similar, for me, to the 9-11 coverup: It is obvious to me that we have been massively lied to, but I don't know the specifics. All we can do is recognize the lies and engage in empty speculation.

Hell, it's even possible the masterminds of 9-11 were not in the US government. But the way the "debunkers" (cowards, shills, and liars) holler a mile at the suggestion that it was a US government inside job tells me that something is appropriately striking a nerve.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

He wanted to abolish the CIA and also tried to go back to metal-backed currecny.

but I suggest you watch this video and then search for all of the other segments of the series. It will explain a great deal, and you'll be able to start connecting the dots for yourself.

http://www.youtube.com/wa...

He signed a Executive Order going back to the gold standard.

It was never installed\enforced after his death!

Sorry, details on the internet.

On June 4, 1963, John F. Kennedy signed a virtually unknown Presidential decree, Executive Order 11110, a mere four months before his assassination on November 22, 1963. This decree returned to the U.S. Federal government the Constitutional right to create and "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."

As a result, US$4,292,893,815 of new "Kennedy Bills" were created through the U.S. Treasury instead of the Federal Reserve System. In 1964, Kennedy's successor, Lyndon B. Johnson, stated that, "Silver has become too valuable to be used as money." The Kennedy bills were removed from circulation.

Below are examples of the $2 and $5 dollar denominated "Kennedy Bills" (also known as "Red Seal Bills"). Note the 1963 date and words "United States Note" at the top instead of the familiar "Federal Reserve Note" wording.

The importance of these bills is not to be underestimated. The regular Federal Reserve Notes are created through the Fed who exchanges them for an interest-paying government bond. These "United States Notes" were directly created through the U.S. Treasury and backed by the silver held there.

There was no interest to be paid on these bills by the government (or more correctly, by the tax-payer) to the Federal Reserve.

Vietnam War

U.S. involvement in Vietnam began as far back as 1954, but the "official" position was that no combat missions were conducted until late 1963. The official declaration of war on Vietnam in 1964 came as a direct result of two alleged attacks on two U.S. destroyers by North Vietnamese PT boats in the Gulf of Tonkin. A report released in 2005 by the National Security Agency indicated that the second attack likely never occurred.

During the Vietnam War, many American air commanders were convinced that rigid Rules of Engagement (ROEs) prevented an American aerial victory over North Vietnam during the Rolling Thunder air campaign form 1965-1968. These rules of engagement were declassified in 1985. Many were so restrictive that it was impossible to achieve effective results. Some of the rules included:

North Vietnamese anti-aircraft missile systems could not be bombed until they were known to be operational.
No enemy could be pursued if they crossed into neighbouring Laos or Cambodia.
Critical strategic targets could only be engaged unless initiated by high military officials.
Pilots were restricted from attacking enemy airfields, SAM sites, power plants, naval craft in some areas, a 30 mile area around Hanoi, and a 10 mile area around Haiphong.
In many instances up until early 1967, U.S. pilots were not allowed to engage enemy fighters unless they themselves had been attacked first.
These rules of engagement were televised in North Vietnam thus enabling them to strategize their war tactics around them.

In 1966 Johnson lifted trade restrictions against the Soviet Union knowing full well that the Soviets were funding up to 80% of the North Vietnamese war supplies. David Rockefeller financed factories in the Soviet known to manufacture military equipment for North Vietnam.

The war in Vietnam was never meant to be won. It was intended to be sustained for the benefit of the central bankers who lent money for the war effort. The war resulted in the deaths of 58,000 U.S. soldiers and three million Vietnamese.

Nixon Unilaterally Closes the Gold Window

Escalating costs from both the Vietnam War and domestic social programs resulted in ever increasing amounts of U.S. dollars being printed. In the early 1970's, the United States as a whole began running a trade deficit for the first time in the twentieth century. Foreign owners of U.S. dollars began to question the ability of the U.S. government to reduce budget and trade deficits.

Increasingly, foreign nations, in particular the French under Charles de Gaulle, began to send the U.S. dollars earned by exporting to the U.S. back to be redeemed in gold as legally entitled under the Bretton Woods Agreement signed in 1944.

The drain on U.S. gold threatened to completely empty the U.S. Treasury. To prevent this from happening, on August 15, 1971, President Richard Nixon unilaterally closed the gold window. He made the dollar inconvertible to gold directly, except on the open market.

The severing of this last link between gold and paper money meant that all the world's currencies now "floated" against one another. The result was inevitable with gold soaring from US$35 to US$195 an ounce by the end of 1974.

This was the final step in abandoning the gold standard. All the central banks had to control now was the public's perception of inflation to allow them to create as much money as desired.

Central Bank Gold Auctions

On January 1, 1975, after 42 years, it became "legal" for individual Americans to own gold again. Anticipating the demand, many central banks sold off large quantities of their gold reserves. The effect was a decline in the price of gold to US$103 a troy ounce in eighteen months.

Gold regained its previous nominal high of US$195 set on December 1974, almost three-and-a-half years later on July 1978. It then went on to new highs, hitting US$250 in February 1979, US$300 in July, and US$400 by October.

The new Fed Chairman, Paul Volcker, appointed by Jimmy Carter announced a change in policy upon return from a conference in Belgrade concerning the global financial system. He announced that the U.S. Federal Reserve was switching its policy from controlling interest rates to controlling the money supply.

Gold reached a peak of US$850 on Jan 21, 1980 amidst soaring interest rates. The U.S. Prime rate hit 20% in April 1980 and stayed there (with a brief dive in mid-1980) until the end of 1981. This resulted in a rush out of gold and back to U.S. dollars.

By 1982, interest rates had dropped and gold had fallen to US$296 an ounce. Investors piled both into the stock market and gold. The price of bullion reached a peak of US$510 an ounce at the end of January 1983. However, in the last four trading days of February 1983, gold fell US$105 and the Dow broke above the 1100 point level for the first time.

Thus began the long bear market in gold and boom in equity markets.

The Rise of Debt

Further fuelling the rise in equities was the effective abandonment of the permanent debt ceiling of US$400 billion set in March 1971. By late 1982, the public debt had tripled to US$1.25 trillion. Presently, the public debt of the United States stands at over US$9 trillion.

This explosion of debt led to worldwide monetary inflation as the U.S. still enjoys a de facto reserve currency status by virtue of history and an agreement made with OPEC in 1973 that world oil would be priced in U.S. dollars.

Monetary inflation leads to the formation of economic bubbles wherein market speculators bid up the prices of assets to unrealistic highs. When all market participants have clambered into the market the market generally collapses when it becomes apparent that there is nobody left to buy.

There have been four notable economic bubbles formed since 1982:

The global stock market boom of 1982-87
The Japanese stock market boom of 1988-90
The Dot-com boom from late 1994 to early 2000.
The U.S. and global housing market from 2001 to present-day
It is important to be aware of the fact that these booms, and subsequent busts, are not the result of free-market capitalism as commonly held. They are the direct result of monetary manipulation by central banks no different in principle than Soviet-era market intervention.

In Summary

The current Federal Reserve banking system is modeled after the European central banking system Americans revolted against during their War of Independence.

Every dollar created under the present monetary system does not represent a tangible asset. It represents an I.O.U. from the government, and therefore the people, to the central bank. After three failed attempts, central bankers finally gained control the monopoly on the issuance of American money with the creation of the Federal Reserve in 1913.

There are two unavoidable results of the Federal Reserve System: (1) devaluation of the dollar and (2) accumulation of debt.

Devaluation

Since the establishment of the Federal Reserve, the U.S. dollar has lost over 95% of its purchasing power.

Rising prices is not intrinsic to free-market capitalism. It is a monetary phenomenon caused by increasing money supply. Money, like anything else, is subject to the laws of supply and demand. The more abundant the money, the lower its value.

If the amount of money were to remain constant relative to population, we would see a general decrease in the prices of goods as technologies and transportation efficiencies improved. This would be a boon to consumers.

Consider the rapid spread of telecommunications and computers, two industries where technological improvements have actually been able to outpace the price escalation caused by the monetary inflation of central banks. Lower prices have led to a surge in consumer usage. People don't hold onto their money in hopes of waiting for a better computer or phone. Quite often they buy a second or third one. The consumer base grows as well because for those who previously could not afford one now can do so.

Despite these blatant observations, conventional economic thought believes that decreasing prices are bad for the economy because it encourages saving. It is widely held that consumer spending, not saving, is what drives the economy.

This is a falsehood, perpetrated by those would stand much to gain by further and further indebtedness of the public. Savings leads to capital investment which is the real driver behind capitalism.

Debt

Every dollar created is an instrument of debt lent out at interest. The extra money required to pay back the interest can only come from one place, that being the central bank. As such, the central banks must continuously increase the money supply.

Growth of Currency

For the 2007 fiscal year ending Sept 30, 2007, the total interest charges to the Total Outstanding Public Debt of the United States was US$430.0 billion making it the forth largest expense after Human and Health Services, Social Security Administration and National Defense.

By means of comparison, for that same 2007 fiscal year, the total revenue collected from individual income taxes was US$1,156.8 billion (see table S-8 Receipts by Source on page 169 of the Budget for the Fiscal Year 2008 here).

Thus, the equivalent of a little over 37 cents of every dollar the U.S. government collects under the Sixteenth Amendment goes towards paying the interest on the national public debt. This amount doesn't include any repayment on the principal, nor does it include any State or Local public debt.

Not a bad rate of return for the Federal Reserve which literally creates the money that indebts the nation out of nothing but the want thereof!

How do We Get Out of this Mess?

The current monetary system uses questionable practices on both moral and legal grounds. Monetary inflation erodes the wealth of citizens. Fractional reserve banking enable banks to fraudulently lend out more than they have. Debt is incurred every time new money is created. This debt must is inherited by future generations.

Below are three measures that would establish an honest monetary system.

Repay the Public Debt

The U.S. government must begin by first balancing the annual budget and then begin reducing the public debt. This would reduce the tax burden and ultimately allow tax dollars to be spent only on services requested by the people and not to banking agencies. (For a discussion of to whom the debt is owned to click here).

Introduce a Hard Currency

A hard currency should be introduced that competes against Federal Reserve Notes. Each of these bills would be backed by a defined quantity of a hard asset, such as gold, that are fully convertible at any time. Such a system could be comprised of bills representing a number of grams of gold.

There should be no legislation regarding the exchange ratios between gold and any other commodity or fiat currency. The free market should determine what the price of silver or Euros is in gold.

Borrowers and lenders should negotiate an interest rate on any lending arrangement using the hard currency.

Lastly, there should be no law requiring that people must use this new currency. Legal tender laws are needed to make people accept a bad currency, not a good one.

This hard currency would require banks to store gold in their vaults. Any bank without gold would be unable to issue out the hard currency either in cash or as a loan.

In essence, the hard currency is a paper receipt convertible on a 1:1 exchange basis with gold. The gold is the money; the paper receipt is merely a representation of the physical metal.

Abolish Fractional Reserve Banking

The practice of fractional reserve banking should be criminalized, as is any other form of fraud. No business should be able to lay claim to assets they do not have, let alone lend out these assets and charge interest on them. This would eliminate the phenomena of bank-runs whereby panicked depositors line up to withdraw their assets for fear that the bank is insolvent. A bank should be able to lend out $10,000, only if it has $10,000 to begin with.

With the present system, banks can lend out multiples in loans to what they have in reserve deposits.

U.S. Reserve Requirements

Amount of Liability
Reserve Required

$0 to $8.5 million
0%

$8.5 million to $45.8 million
3%

More than $45.8 million
10%

Within these ratios a financial institution may legally lend out up to $8.5 million without any reserve or $45.8 million with less than $1.4 million in assets.

Benefits of an Honest Monetary System

The most significant expenses facing people are: taxes, interest and inflation. The relative significance of each of these costs depends upon one's socio-economic status. Each of them is further exacerbated by the current fiat monetary system of centralized banks and the industry's use of fractional reserve banking.

The measures described above would ensure price stability, preserve wealth and reduce debt.

Price Stability

Price stability can be seen in the following chart that shows the price of oil from 1950 to the present day. Note the marked change in the price of oil before and after Nixon took the U.S. dollar off the gold standard when he closed the gold window in 1971.

The reason for the price stability under a gold standard is that the relative value between commodities fluctuates much less than their prices in fiat currency.

Preservation of Wealth

Personal wealth would be preserved under an honest monetary system. Under a fiat monetary system, newly created money diminishes the value of those already out in circulation. It is no different from theft, albeit an insidious form that the victim doesn't even realize. The amount of gold being mined inflates the gold supply by about 2% per year. Much less than the estimated 12-15% money supply growth rate of fiat money.

Reduction in Debt

Future generations would be spared the burden of a large debt for obligations promised by a previous administration.

To do this, would require that we begin living within our means. Perhaps this is the most serious roadblock to us ever having an honest monetary system.

Mike Hewitt
DollarDaze.org

Mike Hewitt is the editor of www.DollarDaze.org, a website pertaining to commentary on the instability of the global fiat monetary system and investment strategies on mining companies.

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

Copyright © 2006-2008 Mike Hewitt

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Here are a few explanations:

1. an elderly gentleman, who probably remembers the situation well, thought it was a protest to higher taxes advocated by JFK. this individual thought that the same thing would happen to Barack Hussein Obama.

2. (from Daily Paul, about 2 months ago): JFK had caused the US Treasury to print "US Treasury" notes instead of "Federal Reserve" notes.

he issued the "US Notes", which were currency backed by metals, issued by the US gov't, and not by the Federal Reserve.

One of the very first things LBJ did after being sworn in, was to stop the US Notes.