19 reactions · 21 shares | In June 1963, John F Kennedy signed...
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19 reactions · 21 shares | In June 1963, John F Kennedy signed...
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In 1963, US President John F. Kennedy signed Executive Order 11110, a move that quietly challenged one of the most powerful systems in the world — the Federal Reserve. The order allowed the US Treasury to issue silver-backed notes, breaking the Federal Reserve’s monopoly over America’s money supply. For the first time, the government was taking back control of its own currency. But just months after those notes began circulating, JFK was assassinated in Dallas. His successor, Lyndon B. Johnson,
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In 1963, US President John F. Kennedy signed Executive Order …
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Wealthy Line on Instagram: "John F. Kennedy did sign Executive Order 11110 (which transferred certain currency-issuing powers from the President to the Treasury so it could issue silver-backed notes without further presidential approval), but the reality is far less conspiratorial. Issued on June 4, 1963, the order amended EO 10289, giving the U.S. Treasury authority to issue additional silver certificates — paper money backed by physical silver. About $4.3B in red-seal notes entered circulation
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