JFK vs. The Federal Reserve

JFK vs. The Federal Reserve

JFK vs. The Federal Reserve On June 4, 1963, President, John Fitzgerald Kennedy signed the
Presidential decree, Executive Order 11110, which stripped the Federal Reserve Banking
System of its power to loan money to the United States Federal Government at interest.
This decree meant that for every ounce of silver in the U.S. Treasury?s vault, the U.S.
government could introduce new money into circulation based on the silver bullion
physically held there. As a result, more than $4 trillion 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. Kennedy knew that if the silver backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes. Thus giving
the U.S. Treasury the Constitutional authority to coin U.S. money once again, thus
preventing the national debt from rising due to "usury" that the American people are
charged for "borrowing" the FRN?s. Only 5 months after Executive Order 11110 was signed,
President Kennedy was assassinated. 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 continue 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 Congress coined and regulated money, as the
Constitution states, the national debt would be reduced by not paying interest to the 12
credit monopolies. This in itself would have allowed the American people freedom of money
that they earned, enabling the economy to grow. It is interesting to note that Executive
Order 11110 is still in effect, though no U.S. President has followed it. The Christian
Common Law Institute 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been repealed, amended, or superceded by any subsequent Executive Order.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. The Bible states, "through lack of knowledge, my people perish". As
American people, it is our duty to question the Federal Reserve System, and the power that
has been given to them.