Acorn of the Day 7/27/2018 - JFK's Executive Order 11110 Did Not Try to End the Fed
As much as I despise the Federal Reserve and believe JFK was a pretty good president he did not try to end the Federal Reserve via Executive Order 11110:
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.
SEC. 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
Source:
http://www.presidency.ucsb.edu/ws/index.php?pid=59049
If one reads the above text of EO 11110, then read the very first paragraph of EO 10289:
- The Secretary of the Treasury is hereby designated and empowered to perform the following-described functions of the President without the approval, ratification, or other action of the President:
Source:
http://www.presidency.ucsb.edu/ws/?pid=59339
All EO 11110 does is delegate to the Secretary of the Treasury the power to issue silver certificates against any bullion kept in the vaults.
The EO did not attempt to undermine the Fed in order for the U.S. print its own money (which they still can do constitutionally).
I consider myself a conspiracy theorist however this one holds no weight - this is pure disinformation to distract us from the real reason JFK was killed, which I will write about in a future Acorn of the Day!
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