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JFK did not “issue silver certificates.”
The Order was for the Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it.
Executive Order 11110 was issued by President John F. Kennedy on June 4, 1963.
This executive order allowed the U.S. Secretary of the Treasury to issue silver certificates against silver bullion based on authority delegated by the President to the Secretary under the Thomas Amendment to the Agricultural Adjustment Act.
The Order was for the Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it.
[THIS IS KNOWN AS A HOUSEKEEPING ORDER. It has nothing to do with JFK “fighting” the Federal Reserve System.]
The Order was needed due to the passage of Public Law 88-36 which repealed the Silver Purchase Act and other related monetary measures. One result was that after the repeals, only the President could issue new silver certificates. The Federal Reserve System could replace the certificates, but only in larger denominations. The thrust of the Order returned the authority to issue new silver certificates (and specify denominations) back to the U.S. Treasury. This allowed for the Federal Reserve System to distribute and exchange currency at lower denominations that met the growing economic need. The authoritative basis for the Order was nullified in 1982 with the passage of Public Law 97-258.
The Order was never directly reversed. However, Section 1(j) of Executive Order 10289, which was added by Section 1(a) of Executive Order 11110, was revoked when Ronald Reagan signed Executive Order 12608 in 1987. FINI en.wikipedia.org...
It is your opinion that this [XO11110] was a "housekeeping" order . . . . . I hope this expands your understanding of money.
I mean, it makes no difference. it's an historical oddity
"This Note Is Legal Tender For All Debts Public And Private" is the shortest and most direct statement of all before it, and therefore, the cheapest to print. That's got to be an advantage.
The legal profit a government makes between actual cost to print or mint money versus the face value of the money. Like a dollar bill costs 5 cents to make. The government gains 95 cents each time it puts a new bill into circulation.
...reappropriation by governments of the right of seigniorage now possessed by private banks. About 95% of new money currently issued takes the form of loans made by private banks to their customers.
The Mint made $730 million last year on seigniorage.
f you think you are a free man, stop paying your rent and see what happens. When we realize that we do not own our lives in this system we realize what exactly is going on. Stop being a slave to economic thought ..... debt is killing this world and this country directly.
Originally posted by TheWalkingFox
He was appointed actually as a political compromise, and his party engineered events for him to take power. He ran for office twice and was soundly beaten both times - Hitler was never elected.
How sick is this world when a man knows that he is not free but does not stand up and fight for it? What is it with this cold comfort everyone is into?
You forget one thing when considering governments .... we forget how important the coinage of currency is to the sovereignty of a nation. Labor=money=life ..... it is because of this equation that national banks run BY THE GOVERNMENT which is run BY PEOPLE FOR THE PEOPLE are very important to FREEDOM in a global socioeconomic environment.
That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed . . to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness . . that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. From The United States Declaration of Independence.