John F. Kennedy

President John F. Kennedy and Texas Gov. John Connally (in jump seat) ride in a motorcade in Dallas, Nov. 22, 1963, moments before bullets would injure Connally and fatally wound Kennedy. President John F. Kennedy and Texas Gov. John Connally (in jump seat) ride in a motorcade in Dallas, Nov. 22, 1963, moments before bullets would injure Connally and fatally wound Kennedy. Photo: Bettmann/Corbis

Photo taken about 2 minutes before JFK was assassinated

It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS.  He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it which, unfortunately, may have cost him his life.

On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110.  This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest.  President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business.  This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury.  This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.

The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve Notes.

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