I thought on the 40th anniversary of his murder, I'd post the real
reason for it. Not to commemorate the event, but to vanquish the myths
being reborn on T-almud V-ision.
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JFK vs. The Federal Reserve
On June 4, 1963, a virtually unknown Presidential decree, Executive
Order 11110, was signed with the authority to basically 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.
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repealed, amended, or superceded by any subsequent Executive Order.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.
When President John Fitzgerald Kennedy - the author of Profiles in
Courage - signed this Order, it returned to the federal government,
specifically 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 (full text further below)
gave the Treasury Department the explicit authority:
"...to issue silver certificates against any silver bullion, silver,
or standard silver dollars in the Treasury."
This means that for every ounce of silver in U.S.Treasury vaults, the
government could introduce new money into circulation based on the
silver bullion physically held there.
As a result, more than $4 billion 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 assasinated.
It appears obvious that President Kennedy knew the Federal Reserve
Notes being used as the purported legal currency were contrary to the
Constitution of the United States of America.
"United States Notes" were issued as an interest-free and debt-free
currency backed by silver reserves in the U.S. Treasury.
Compare a "Federal Reserve Note" 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.
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 continued 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 the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve
Notes. This is a very simple matter of economics. The USN was backed
by silver and the FRN was not backed by anything of instrinsic value.
Executive Order 11110 should have prevented the national debt from
reaching its current level (virtually all of the nearly $9 trillion in
federal debt has been created since 1963) if LBJ or any subsequent
President were to enforce it.
It would have almost immediately given the U.S. Government the ability
to repay its debt without going to the private Federal Reserve Banks
and being charged interest to create new "money".
Executive Order 11110 gave the U.S.A. the ability to, once again,
create its own money backed by silver and real value worth something.
Again, according to our own research, just five months after Kennedy
was assasinated, no more of the Series 1958 "Silver Certificates" were
issued either, and they were subsequently removed from circulation.
Perhaps the assassination of JFK was a warning to all future
presidents not to interfere with the private Federal Reserve's control
over the creation of money. It seems very apparent that President
Kennedy challenged the "powers that exist behind U.S. and world
finance".
With true patriotic courage, JFK boldly faced the two most successful
vehicles that have ever been used to drive up debt: 1) war (Viet Nam);
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.
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
certificates against any silver bullion, silver, or standard silver
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
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
Once again, Executive Order 11110 is still valid. According to Title
3, United States Code, Section 301 dated January 26, 1998:
Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as
amended by
EO 10583, dated December 18, 1954, 19 F.R. 8725; EO 10882 dated July
18, 1960, 25 F.R. 6869; EO 11110 dated June 4, 1963, 28 F.R. 5605; EO
11825 dated December 31, 1974, 40 F.R. 1003; EO 12608 dated September
9, 1987, 52 F.R. 34617
The 1974 and 1987 amendments, added after Kennedy's 1963 amendment,
did not change or alter any part of Kennedy's EO 11110.
A search of Clinton's 1998 and 1999 EO's and Presidential Directives
has also shown no reference to any alterations, suspensions, or
changes to EO 11110.
The Federal Reserve Bank a/k/a Federal Reserve System is a Private
Corporation.
Black's Law Dictionary defines the "Federal Reserve System" as:
"Network of twelve central banks to which most national banks belong
require investment of stock and minimum reserves."
Privately-owned banks own the stock of the FED. This was explained in
more detail in the case of Lewis v. United States, Federal Reporter,
2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said:
"Each Federal Reserve Bank is a separate corporation owned by
commercial banks in its region. The stock-holding commercial banks
elect two thirds of each Bank's nine member board of directors".
The Federal Reserve Banks are locally controlled by their member
banks. Once again, according to Black's Law Dictionary, we find that
these privately owned banks actually issue money:
"Federal Reserve Act. Law which created Federal Reserve banks which
act as agents in maintaining money reserves, issuing money in the form
of bank notes, lending money to banks, and supervising banks.
Administered by Federal Reserve Board (q.v.)".
The privately owned Federal Reserve (FED) banks actually issue
(create) the "money" we use.
In 1964, the House Committee on Banking and Currency, Subcommittee on
Domestic Finance, at the second session of the 88th Congress, put out
a study entitled Money Facts which contains a good description of what
the FED is:
"The Federal Reserve is a total money-making machine. It can issue
money or checks. And it never has a problem of making its checks good
because it can obtain the $5 and $10 bills necessary to cover its
check simply by asking the Treasury Department's Bureau of Engraving
to print them".
Any one person or any closely knit group who has a lot of money has a
lot of power. Now imagine a group of people who have the power to
create money. Imagine the power these people would have. This is
exactly what the privately owned FED is!
No man did more to expose the power of the FED than Louis T. McFadden,
who was the Chairman of the House Banking Committee back in the 1930s.
In describing the FED, he remarked in the Congressional Record, House
pages 1295 and 1296 on June 10, 1932:
"Mr. Chairman, we have in this country one of the most corrupt
institutions the world has ever known. I refer to the Federal Reserve
Board and the Federal reserve banks. The Federal Reserve Board, a
Government Board, has cheated the Government of the United States and
he people of the United States out of enough money to pay the national
debt. The depredations and the iniquities of the Federal Reserve Board
and the Federal reserve banks acting together have cost this country
enough money to pay the national debt several times over. This evil
institution has impoverished and ruined the people of the United
States; has bankrupted itself, and has practically bankrupted our
Government. It has done this through the maladministration of that law
by which the Federal Reserve Board, and through the corrupt practices
of the moneyed vultures who control it".
Some people think the Federal Reserve Banks are United States
Government institutions.
They are NOT Government institutions, departments, or agencies. They
are private credit monopolies which prey upon the people of the United
States for the benefit of themselves and their foreign customers.
Those 12 private credit monopolies were deceitfully placed upon this
country by bankers who came here from Europe and who repaid us for our
hospitality by undermining our American institutions.
The FED basically works like this: The government granted its power to
create money to the FED banks. They create money, then loan it back to
the government charging interest. The government levies income taxes
to pay the interest on the debt.
On this point, it's interesting to note that the Federal Reserve Act
and the 16th amendment, which gave congress the power to collect
income taxes, were both passed in 1913.
The incredible power of the FED over the economy is universally
admitted. Some people, especially in the banking and academic
communities, even support it.
On the other hand, there are those, such as President John Fitzgerald
Kennedy, that have spoken out against it. His efforts were spoken
about in Jim Marrs' 1990 book Crossfire:
"Another overlooked aspect of Kennedy's attempt to reform American
society involves money. Kennedy apparently 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. He moved
in this area on June 4, 1963, by signing Executive Order 11110 which
called for the issuance of $4,292,893,815 in United States Notes
through the U.S. Treasury rather than the traditional Federal Reserve
System. That same day, Kennedy signed a bill changing the backing of
one and two dollar bills from silver to gold, adding strength to the
weakened U.S. currency. 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".
In a speech made to Columbia University on Nov. 12, 1963, ten days
before his assassination, President John Fitzgerald Kennedy said:
"The high office of the President has been used to foment a plot to
destroy the American's freedom and before I leave office, I must
inform the citizen of this plight."
In this matter, John Fitzgerald Kennedy appears to be the subject of
his own book... a true Profile of Courage.
>This research report was compiled for Lawgiver.Org
>by Anthony Wayne
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