Document 184.108.40.206.0 31 of 39........
"The high office of the President has been used to foment a plot to
destroy the Americans freedom and before I leave office I must inform the
Citizen of his plight." PRESIDENT JOHN F. KENNEDY(10 days before he was
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.
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.
President Kennedy recognized that our financial system was flawed. He planned to eliminate the Federal Reserve's contrived control mechanism on our future. He signed executive order 11110 as a first step. Executive Order 11110 issued on June 4, 1963 gave the President the Authority to order the United States Treasury "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
For every ounce of silver in the U.S. Treasury's vault, the government could introduce a certificate or warehouse receipt to be used as money. This followed IMO the constitution's requirement that the government provide the medium of exchange and it follows the coinage act requirements. Basing the monetary system on silver and not gold was also very important because silver is abundant and very difficult to control. Kennedy issued nearly $4.3 billion in U.S. notes and was introducing them into circulation, with a plan to continue until sufficient currency was in circulation to manage the flow of goods and services. The ramifications of this bill are enormous. President Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. When enough of his United States Notes were in circulation he would eliminate the Federal Reserve notes.
The Federal Reserve Act was ruled Unconstitutional in 1968. The National Banking Act was ruled Unconstitutional.
THE CREDIT RIVER DECISION
A Minnesota Trial Court's decision holding the Federal Reserve Act unconstitutional and VOID; holding the National Banking Act unconstitutional and VOID; declaring a mortgage acquired by the First National Bank of Montgomery, Minnesota in the regular course of its business, along with the foreclosure and the sheriff's sale, to be VOID.
The Office of Public Liaison & Intergovernmental Affairs (OPL-IGA) is the front door to the White House through which everyone can participate and inform the work of the President.