"JFK's Executive Order 11110; Obama's Smart And Effective Government"

Executive Order 11110

AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended - (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): "(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof.

SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

JOHN F. KENNEDY, THE WHITE HOUSE, June 4, 1963

John F. Kennedy v. The Federal Reserve

On June 4, 1963, President John F. Kennedy signed Executive Order (EO) 11110 to compel the U.S. Treasury to issue paper certificates backed by silver held by the Treasury. The certificates directly challenged the authority of the Federal Reserve Bank to "loan" fiat (unbacked) money to the United States government at interest.

"The Christian Law Fellowship 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 We can now safely conclude that this Executive Order has never been repealed, amended, or superseded by any subsequent Executive Order. In simple terms, it is still valid," wrote John Curran.

With EO 11110 (see above), President Kennedy returned to the federal government its constitutional responsibility "to coin money and regulate the Value thereof." Per EO 11110, the Treasury was ordered "[t]o issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury..."

For every ounce of silver held by the U.S. Treasury, the government could introduce new money into circulation.

According to Curran, "As a result, more than $4 billion in United States Notes [USNs] were brought into circulation in $2 and $5 denominations. The $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated."

"United States Notes," Curran explained, "were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a ‘Federal Reserve Note [FRN]’ issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a ‘United States Note’ from the U.S. Treasury issued by President Kennedy’s Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number."

Shortly after President Kennedy was assassinated on November 22, 1963, the USNs he had issued were immediately taken out of circulation (series 1958 silver certificates were also removed from circulation).

Most Americans had no idea at the time that President Kennedy’s death was tied to the issuance of silver certificates, nor did they realize that they were stolen back out of circulation soon after LBJ replaced JFK as president. People just continued using fiat FRNs as "legal tender" and are still mindlessly using them as if they were "money" today.

Had the American people understood that President Kennedy’s silver-backed USNs were real money and used them as such, demand for FRNs would have evaporated as a simple matter of economics: Trading goods and services with silver-backed USNs is an exchange of value while trading goods and services for FRNs is trading value for pieces of paper.

Think about the billions of commercial transactions that have taken place since Nov. 22, 1963. Since that time, billions of transactions have taken place with FRNs changing hands. With every exchange of goods and services for FRNs, one party holds real value and the other holds no real value. Every exchange, then, records a loss in parity. Perhaps the bill for exclusive use of FRNs (and their even more chimerical paper extensions) in immediate obligations is about $10 trillion?

Now think about how different the world would be had President Kennedy and USNs survived and America’s children grew up believing that lawful money is the only acceptable medium of commercial exchange?

President Kennedy was preceded by President Eisenhower who, in his farewell address, warned the nation of the threats posed by the emerging (congressional)/military/industrial complex. President Kennedy responded to the outgoing president’s fair warning by moving to remove the war machine’s source of funding: Federal Reserve fiat.

Because Kennedy was assassinated, because we did not understand why he was assassinated, because we hardly noticed as USNs were removed from circulation, we now live in a preplanned era of perpetual war and exist on the verge of economic collapse.

It is time to end the Fed—before it ends us.

AFP/File – A sheet of one dollar bills. The dollar weakened against the euro Tuesday after the US economy contracted …

The dollar weakened against the euro Tuesday after the US economy contracted at a faster pace in the third quarter than initially thought and Washington announced another 800 billion dollar stimulus package.

The US economy shrank at a 0.5 percent pace, rather than an earlier estimated 0.3 percent, a revision that analysts say could be the start of a steep downturn.

Many economists say the slide in the fourth quarter could be even uglier, reflecting a credit crunch and ongoing woes in housing and manufacturing.

"Everyone is waiting for the hammer blow that weak auto sales is delivering to fourth-quarter growth," said Robert Brusca at FAO Economics.

"A far faster pace of decline is certain in the fourth quarter, given the worsening credit conditions, sharp declines in household wealth and continued collapse in consumer spending," said Peter Kretzmer, senior economist at Bank of America.

"We expect a 4.0 to 5.0 percent annualized decline in GDP in the fourth quarter, as consumption declines accelerate, business investment deteriorates sharply and inventory trimming picks up."

The White House described the new figures were "troubling."

In London trade on Tuesday, the euro changed hands at 1.3033 dollars against 1.2928 dollars late on Monday, 123.84 yen (125.71), 0.8503 pounds (0.8519) and 1.5447 Swiss francs (1.5173).

The dollar stood at 95.38 yen (97.23) and 1.1985 Swiss francs (1.1951).

The pound was at 1.5275 dollars (1.5173).

AP – President-elect Barack Obama, flanked, by Budget Director-designate Peter Orszag, left, and Deputy Budget …

President-elect Barack Obama pledged to make deficit reduction a goal of his administration Tuesday — but only after recovery from the financial crisis is well under way. "We are going to have to jump start the economy," he said.

At his second news conference in as many days, Obama claimed a "mandate to move the country in a new direction," and promised to consult with Republicans as he goes about it.

"I think what the American people want more than anything is just commonsense, smart government. They don't want ideology, they don't want bickering, sniping, they want action and effectiveness. When it comes to the budget, people don't want to continue argument about big government or small government, they want smart government and effective government."

    As I see it, if President Elect Barack Obama is sincere in establishing a "smart and effective" government, particularly when it comes to the US economy, he would do well to utilize President Kennedy's 40 year old Executive Order 11110, which would essentially take control of US currency and tax revenues from the international banking cartel, the Federal Reserve Banks. Since 1913, the Federal Reserve Banks have required the US Federal government to fund it's operations by borrowing fiat Federal Reserve Notes from the Fed with interest. John F. Kennedy sought to end worthless Federal Reserve Notes and replace them with silver backed United States Notes but unfortunately the circulation of the silver backed dollars ended with JFK's assassination. (You can connect for yourself the JFK Executive Order 1111O and the JFK assassination dots) But don't hold your breath thinking that Barack Obama is going to buck Ben Bernanke and the Federal Reserve Banks. Though Obama mimics JFK in his charisma and oratory, he doesn't have the courage to resist the "powers that be" that ultimately led to JFK's assassination but then neither has any President since John F. Kennedy. Is this the change we really need?

tags: executive order 11110  jfk  john kennedy  barack obama  the fed  politics  business  takebackamerica  us  

links: digg this    del.icio.us    technorati    reddit