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 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
*** OPINION *****
By signing Executive Order 1110, Kennedy retransfered the power to issue currency back to the US Treasury. This transfer ended fifty year of monopoly over the US currency system, a monopoly usurped by the large private bankers and the Federal Reserve Bank who based their currency system on credit backed money issued by itself and bypassing Congress. Kennedy's currency was to backed by a tangible exchange medium, that which would better protect the US financial system from over-speculation crises that led to the Big Crash of the 1930s. Six t months after the signing of this document, the president was shot.
COMMENTARY FROM D.R SCHOON'S WEBSITE
" In 1913, as a result of intense lobbying by business and banking interests, the US government had turned over the power to issue US currency to a group of private bankers - the Federal Reserve Bank. Many believe this transfer was unconstitutional. US presidential candidate and Congressman Ron Paul (ranking member of the House Subcommittee on Domestic Monetary Policy) has stated:
The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.
The power to coin money and regulate the value of the currency is among the most important responsibilities and functions of government. That the US government in 1913 turned over this public function to a group of private bankers is astounding.
As a consequence, almost one hundred [years] later, the US and its citizens are now on the edge of bankruptcy, indebted up to their eyeballs to the very bankers they gave the power to coin their money and regulate their currency, private bankers who are even now being bailed out by America taxpayers with money made available to them by their fellow-bankers at the Federal Reserve. HELLO AMERICA, ARE YOU THERE? CAN YOU HEAR? ARE YOU EVEN LISTENING?
(...)
In 1963, fifty years after the Fed acquired the right to print, issue and inflate the money supply of the US, President John F. Kennedy quietly transferred that power back to the US Treasury, the only institution which the constitution had granted the power to coin and regulate currency. Rest assured that transference did not go unnoticed by the private bankers and the Fed.
US Presidential candidate Ron Paul has introduced legislation during each Congress to abolish the Fed (H.R. 2755 - 110th Congress, H.R. 2778 - 108th Congress, H.R. 5356 - 107th Congress, H.R. 1148 - 106th Congress). His inability to attract congressional support, however, is in all likelihood his Washington DC life insurance policy. Morto uomini non causano problemi, [sic it. Dead men don't cause problems].
...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 the people of the United States out of enough money to pay the national debt. These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for our hospitality by undermining our American institutions...The people have a valid claim against the Federal Reserve Board and the Federal Reserve banks.
Congressman Louis T. McFadden, Chairman of the House Committee on Banking and Currency from 1920-31". (from the DRSCHOON website).
Again, for more evidence, please see the Schoon website by CLICKING HERE. Ron Paul's website also confirms these issues, as well as professor's Fekete (www.professorfekete.com) and other sources and books to be invoked and inserted within this website later.