Executive Order 11110

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. Kennedy on june 4 1963. The ability to create its own money backed by. President kennedy was assassinated on november 22 1963 and the united states notes he had issued were immediately taken out of circulation.

Preceding unsigned comment added by 90 164 52 89 11 26 15 january 2011 utc no it s not true. Executive order 11110 was issued by u s. 10289 remained on the books until president ronald reagan issued executive order 12608 on september 9 1987 as part of a general clean up of executive orders citation needed e o.

This executive order delegated 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. President through an executive order and is still valid. Again according to our own research just five months.

This executive order 11110 is rescinded by president lyndon baines johnson the 36th president of the united states 1963 to 1969 on air force one from dallas to washington the same day as president kennedy was assassinated. 11110 was never reversed by president lyndon b. Federal reserve notes continued to serve as the legal currency of.

Kennedy was assassinated just five months later no more silver certificates were issued. Executive order 11110 gave the u s. The ability to create its own money backed by silver.

This executive order amended executive order 10289 dated september 17 1951 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. Executive order 11110 executive order 11110 was issued by u s. Excerpted from executive order 11110 on wikipedia.

Kennedy on june 4 1963. 10289 as amended relating to the performance of certain functions affecting the department of the treasury june 04 1963 by virtue of the authority vested in me by section 301 of title 3 of the united states code it is ordered as follows. 12608 specifically revoked the section added.

This executive order allowed the us secretary of the treasury as per delegated authority given to the president by the thomas amendment to the agricultural adjustment act to issue silver certificates against silver bullion. Executive order 11 110 gave the u s a. See the notes section for a list of executive orders affected by or related to the issuance of this executive order.

The ability to once again create its own money backed by silver and realm value worth something. Executive order 11110 gave the u s a. Executive order 11110 amendment of executive order no.

Johnson and the section added to e o.