The much hated wikipedia but it has a lot of straight info including JFK's own words. Plan to eliminate Silver Certificates and use Federal Reserve Notes:
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
This executive order amended Executive Order 10289 (dated September 17, 1951)[1] by delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to eliminate Silver Certificates and use Federal Reserve Notes.[2]
Background
On November 28, 1961, President Kennedy halted sales of silver by the Treasury Department. Increasing demand for silver as an industrial metal had led to an increase in the market price of silver above the United States government's fixed price. This led to a decline in the government's excess silver reserves by over 80% during 1961. Kennedy also called upon Congress to phase out silver certificates in favor of Federal Reserve notes which, according to the Associated Press at that time, were still backed by gold.[3][4]
Kennedy repeated his calls for Congress to act on several occasions, including his 1963 Economic Report, where he wrote:[5]
I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function. In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes.
I didn't not know that information. It is evidence that the motivations were actually pro-Fed, not anti-Fed as is suggested. However, those are just potentialmotivations (not certain. I'd have to dig deeper). It doesn't have anything to do with the main point, which was that a currency based on real assets can be, and has been (by JFK) created by the stroke of a pen. It also doesn't address the issue that it is Constitutionally mandatory to do so, and it has not been done.
It also doesn't in any way address my main question.
Did you ever stop to think maybe there is a strategic order to do things in? That we might have to go through the storm before bringing in a new monetary system?
It's just that simple!
It is. JFK did it. He used a stroke of a pen. The Banksters killed him for it (maybe).
It's actually Constitutionally mandatory to do so. Yet it is not done.
Why?
The much hated wikipedia but it has a lot of straight info including JFK's own words. Plan to eliminate Silver Certificates and use Federal Reserve Notes:
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
This executive order amended Executive Order 10289 (dated September 17, 1951)[1] by delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to eliminate Silver Certificates and use Federal Reserve Notes.[2] Background
On November 28, 1961, President Kennedy halted sales of silver by the Treasury Department. Increasing demand for silver as an industrial metal had led to an increase in the market price of silver above the United States government's fixed price. This led to a decline in the government's excess silver reserves by over 80% during 1961. Kennedy also called upon Congress to phase out silver certificates in favor of Federal Reserve notes which, according to the Associated Press at that time, were still backed by gold.[3][4]
Kennedy repeated his calls for Congress to act on several occasions, including his 1963 Economic Report, where he wrote:[5]
I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function. In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes.
I didn't not know that information. It is evidence that the motivations were actually pro-Fed, not anti-Fed as is suggested. However, those are just potential motivations (not certain. I'd have to dig deeper). It doesn't have anything to do with the main point, which was that a currency based on real assets can be, and has been (by JFK) created by the stroke of a pen. It also doesn't address the issue that it is Constitutionally mandatory to do so, and it has not been done.
It also doesn't in any way address my main question.
Why?
Did you ever stop to think maybe there is a strategic order to do things in? That we might have to go through the storm before bringing in a new monetary system?