EXECUTIVE ORDER 11110

EXECUTIVE ORDER 11110
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. Mr. 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.
Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment where the Bush empire flourished. 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.
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.
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt [*More than double today] has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Kennedy 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.  Mr. Kennedy challenged the international financiers 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.

“Two great enemies, the Southern Army in front of me and the financial institution in the rear. Of the two, the one in my rear is my greatest foe. The government should create issue and cirulate all the currency. Creating and issuing money is the supreme prerogative of government and its greatest creative opportunity. Adopting these principles will save the taxpayers immense sums of interest and money will cease to be the master and
become the servant of humanity””
—President Abraham Lincoln in a statement to Congress 1865 before his assassination

Just four days after Kennedy’s Assassination, President Johnson’s first day of office, Johnson created NSAM #273 which countermanded President Kennedy’s withdrawal order, creating the long and disastrous Vietnam War where 58,000 American soldiers lost their lives and $220 Billion tax payer dollars gone. One week after the assassination on November 29th 1963 President Lyndon Baines Johnson issued Executive Order No. 11130 creating a presidential Commission ostensibly to investigate the facts of the assassination of Kennedy. Five months later, no more silver certificates were issued, Executive Order #11110 was never repealed and the Federal Reserve resumed controller of the money supply issuing nearly all of America’s massive debts up until the 2008 Banking Hijacking totally took over the government agencies of America.