On June 4, 1963, a virtually unknown Presidential decree,
Executive Order 11110, was signed by President John Fitzgerald Kennedy with the intention to
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. This matter has been
exhaustively researched by the Christian Common Law Institute through the Federal Register and
Library of Congress, and the Institute has conclude that President Kennedy's Executive Order
has never been repealed, amended, or superceded by any subsequent Executive Order. In simple
terms, it is still valid.
When John Fitzgerald Kennedy, author of Profiles in Courage,
signed this Order, it returned to the federal government, specifically to 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 gave the Treasury
Department the explicit authority: "to issue silver certificates against any silver bullion,
silver, or standard silver dollars in the Treasury" [the full text is displayed below]. 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
As a result, more than $4 billion in United States Notes were
brought into circulation in $2 and $5 denominations. Although $10 and $20 United States Notes
were never circulated, they were being printed by the Treasury Department when Kennedy was
Certainly it's obvious that President Kennedy knew that the
Federal Reserve Notes being circulated as "legal currency" were contrary to the Constitution of
the United States, which calls for issuance of "United States Notes" as interest-free and
debt-free currency backed by silver reserves in the U.S. Treasury.
Comparing a "Federal Reserve Note" issued from the private
central bank of the United States (i.e., the Federal Reserve Bank a.k.a. Federal Reserve
System), with a "United States Note" from the U.S. Treasury (as issued by President Kennedy's
Executive Order), the two almost look alike, except one says "Federal Reserve Note" on the top
while the other says "United States Note".
In addition, the Federal Reserve Note has a green seal and
serial number while the United States Note has a red seal and serial number.
Following President Kennedy's assassination on November 22,
1963, the United States Notes he had issued were immediately taken out of circulation, and
Federal Reserve Notes continued to serve as the "legal currency" of the nation.
Kennedy knew that if the silver-backed United States Notes
were widely circulated, they would eliminated the demand for Federal Reserve Notes. This is a
simple matter of economics. USNs were backed by silver and FRNs were (still are) backed by
nothing of intrinsic value. As a result of Executive Order 11110, the national debt would have
prevented from reaching its current level (almost all of the $9 trillion in federal debt has
been created since 1963).
Executive Order 11110 also granted the U.S. Government the
power to repay past debt without further borrowing from the privately owned Federal Reserve
which charged both principle and interest and all new "money" it "created."
Finally, Executive Order 11110 gave the U.S.A. the ability to
create its own money backed by silver, again giving money real value.
Perhaps President Kennedy's assassination was a warning to
future presidents not to interfere with the private Federal Reserve's control over the creation
of money. For, with true courage, JFK had boldly challenged the two most successful vehicles
that have ever been used to drive up debt: 1) war (i.e., the Vietnam war); 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.
Any one person or any closely knit group that has a lot of
money has a lot of power. Imagine a group of people with the power to create money. Imagine the
power these people would have. This is exactly what the privately owned FED is!