About Those Silver Certificate Treasury Notes

One of the many reasons listed for John Kennedy’s assassination was his supposed threat to the power of the Federal Reserve, American’s central bank.  His famous Executive Order 11110, allowed for the issuing of Treasury notes backed by silver and not credit such as Federal Reserve notes are.  These silver notes are interest free, which mean the Fed earned no interest off them.  The bankers are thus listed in the group of Kennedy enemies by many conspiracy researchers.  But many of them do not fully understand the matter.

The difficulty with this Executive Order and the issuance of silver certificate notes in 1963, is that most people that bring this issue up for conspiracy, don’t fully understand what is going on here.  Kennedy’s E.O. was not to undercut the power of the Federal Reserve, it was amended to an earlier Executive Order 10289, signed by President Harry Truman in September 9, 1951.  The purpose of the notes was to belay a silver shortage at the time which was heavily used for coinage.  The notes are not so much backed up by silver as they are redeemable for silver.  That is the main purpose of them–not to slash the Fed out of making interest off the issuance of currency.  

Silver certificate currency issued in 1934 and 1957.

An important issue here is that these Treasury silver notes had been issues many times over the years from 1878 to 1964.  The first ones were not issued in 1963.  They’ve been issued off and on for over 70 years.  I personally own silver notes issued in 1934 and 1957, besides the Kennedy notes of 1963.  The Kennedy era silver notes are noted for their red seal; most of the others issued feature a blue seal. If you like to collect them they are available on eBay and at antique malls.  Just beware that the older ones issued in the 1800’s are quite expensive.   

Another myth is that Lyndon Johnson signed an E.O. to take the silver notes out of the circulation.  That simply did not happen.  The Treasury stopped issuing them in October of 1964.  In 1968, Congress ended the redeeming of silver certificate notes.  The actual E.O. stayed on the books till Ronald Reagan phased it out in 1987.

No doubt that John F. Kennedy had a villainous circle of enemies challenging him during the course of his presidency.  The bankers at the Federal Reserve were not among them.  (Please note I am not an admirer of the Fed.  Its creation was unconstitutional and it has been a source of debt expansion for the United States.) Let us remember that when we investigate conspiracy, not every little thing is conspiratorial.  The issuance of silver certificate money is an example of that.  Some well known researchers have this issue totally wrong because they did not look deep enough.   

Addendum

Wikipedia states the issuance of silver notes ended in 1964 but a silver note issued in 1966 is at this writing, available for sale on eBay.  So the printing of the silver notes went on for some time after JFK’s death, unless that 1966 bill is a forgery.  

Sources

http://en.wikipedia.org/wiki/Silver_Certificate

http://en.wikipedia.org/wiki/Executive_Order_11110

They Got Their Wish

The essential myth of the Kennedy assassination is that it is a random event—a random killing. But this myth denies an important factor and that is, as Peter Dale Scott asserts, the “deep politics” behind the assassination. A careful examination of John F. Kennedy’s policies shows that he defied the various fiefdoms that most people are unaware of in their daily lives. These fiefdoms are an odd combination of corporate businesses, organized crime lords, government agencies, and intelligence organizations. You can throw in a general group of overseas nation state enemies as well. The main nexus seems to be a cabal of corporate and intelligence entities. That’s why it’s hard to figure it out a conspiracy—there are so many suspects here it is difficult, if not impossible, to pin the crime on any one party.

It is undeniable fact that the death of John Kennedy resulted in numerous policies changes in our government. His death would benefit many and his death did benefit them all in the end. Within days of his death Lyndon B. Johnson was firing off one executive order after the other making numerous reversals of Kennedy administration policy.

So, a lone nut gunman shows up and kills a man with a legion of enemies. What do these men do now, sit back, smoke their cigars, drink their brandy and celebrate their good luck? I think not.

At the death of the King the other Kings had their wishes come true. And here are just a few:

The Texas Oilmen. JFK was in the process of getting rid of the Oil Depletion Allowance. His death put that off for years till it was finally ended in the early 1970’s.

The Mob. The death of JFK ended brother Bobby’s rein of terror on them. It was business as usual. Not even Hoover would return Bobby’s calls after that.

The Federal Reserve. Shortly after the assassination, LBJ signed the executive order taking all of the Treasury notes Kennedy issued, backed by silver and not credit (as under the Federal Reserve banking system) out of circulation. JFK remains the last President to issue currency through the Treasury (i.e., Constitutional money) backed by hard assets.

The Pentagon/National Security State. LBJ reverses Kennedy’s National Security Action Memorandum 263, which keeps troops in Vietnam indefinitely and ultimately escalating the war.

Brown and Root (Halliburton). Got the war they wanted to profit from.

The CIA. Didn’t have to ever have to worry again about Kennedy dismantling them.

Israel. Got the green light from LBJ to build nuclear weapons. JFK opposed this idea thinking it might lead to a Middle Eastern nuclear arms race.

Anti Castro Cubans. They get their revenge for the Bay of Pig fiasco and an end to behind the scenes secret talks with Castro.

Lyndon Johnson and J. Edgar Hoover. Both men hated JFK and his brother deeply. Johnson got his dream job he had long lusted for in the Oval Office and Hoover got from Johnson an Executive Order that exempted him from Federal retirement regulations and made him basically FBI Director for life.

Sources
Scott, Peter Dale, Deep Politics and the Death of JFK; Newman, John, Oswald and the CIA; Mars, Jim, Crossfire

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