Friday, August 21, 2009

Executive order 11110 by President Kennedy Very Interesting

  • When Senators refuse to audit the Federal reserve they are in violation of their oath to uphold the constitution since it is the responsibility of Congress "To Coin Money, regulate the Value therof, and of foreign Coin, and fix the Standard of Weights and Measures:" (Constitution Section 8 #5)
  • Article X of the Constitution (Bill of Rights) says: "The powers not delegated to the United States by the Constitution nor prohibited by it to the States, are reserved to the States respectively, or the people." In other words if it is not a power given the Federal Government by the Constitution, they cannot take it from the States and the people. In other words they cannot re-assign their responsibility to the Federal reserve.

Shortly before President Kennedy's assignation he issued executive order 11110, which took the power to print money back in the hands of the Government, allowing silver certificates as the Constitution states (Section 8 #5).

That executive order was never repealed, is still in effect, but never enforced.
http://www.presidency.ucsb.edu/ws/index.php?pid=59049

I do not know why President Kennedy was assented. However there is much speculation about executive order 11110 being the reason, and many conspiracy theories circulate as a result. The important thing is that President Kennedy cared enough to do the right thing, and it is still in effect (and so is the Constitution Section 8 # 5).

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything.

Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

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