JFK's Executive Order to end the Federal Reserve

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President John F. Kennedy signed Executive Order 11110 on June 4, 1963, stripping the Federal Reserve Bank of its power to loan, at interest, money to the United States Federal Government. 

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This order gave the Treasury Department the Constitutional power to create and issue currency without having to go through the privately owned Federal Reserve Bank.

 

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Money to be based on silver

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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."

 

For every one ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. $4,292,893,815 in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were being printed by the Treasury Department when Kennedy was assassinated.

 

JFK challenged the two largest vehicles used to build up American debt:

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1. war

2. money creation by a private central bank

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JFK's desire to remove all U.S. troops out of Vietnam and his Executive Order regarding the printing of money were a direct threat to the profits and control of the Federal Reserve Bank.

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Executive Order 11110

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Executive Order 11110, the AMENDMENT of EXECUTIVE ORDER No. 10289, as amended RELATING to the PERFORMANCE of CERTAIN FUNCTIONS AFFECTING the DEPARTMENT of the TREASURY:

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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

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"There is a plot....I must inform the citizen of this plight"

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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."