Was JFK Really Taking on the Fed? Pro and Con.Submitted by Sue4theBillofrights on Mon, 11/11/2013 - 17:04
Perhaps someone can explain this. "Debunkers" say that he was actually retiring silver certificates, but many truth advocates say that he threatened the Fed by allowing the Treasury to print a metal-backed note. I am hoping someone can boil it down so we can see if this was one of the reaons he was murdered. It is a complicated issue and I am having trouble deciding who is right.
Not that it is necessary to show a motive for a conspiracy. Pulling out of Vietnam and detente with Russia would have been enough.
Pro (well-known essay, JFK was challenging the Fed):
'When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there."
Con (Wiki entry on Executive Order 11110):
"A 2010 article in Research magazine discussing various controversies surrounding the Federal Reserve stated that "the wildest accusation against the Fed is that it was involved in Kennedy's assassination." Critics of the theory note that Kennedy called for and signed legislation phasing out Silver Certificates in favor of Federal Reserve Notes, thereby enhancing the power of the Federal Reserve; and that Executive Order 11110 was a technicality that only delegated existing presidential powers to the Secretary of the Treasury for administrative convenience during a period of transition."