JFK, the Federal Reserve and Executive Order 11110
7:00 AM Wednesday, April 10, 2013
------------“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 citizens of this plight.”
President John Fitzgerald Kennedy - In a speech made to Columbia University on November 12th 1963, ten days before his assassination.
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The following is from ‘The Final Call‘, Volume 15, No.6, on January 17, 1996 (USA):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.
President 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.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything.
Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.
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“The very word 'secrecy' is repugnant in a free and open society; and we are, as a people, inherently and historically opposed to secret societies, to secret oaths, and to secret proceedings.”
President John F. Kennedy - Address to newspaper publishers - April 27, 1961
------------After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President, through an Executive Order - and is therefore still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt (1996 US government debt level) has been created since 1963.
If a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level.
Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money.
Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank.
His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the bankers.
Read the rest of this article about Executive Order 11110 at this website:
Scotty
NB: I’ll send in more on this subject over the next few days - but relating to private, corporate creation and control of money in the United Kingdom.
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