executive order 11110 - President Kennedy - Conspiracy- Assassination?

Question

Ive seen this question asked before and I seen some intelligent looking answers debunk the conspiracy theory that the order would limit the reserves power. After reading the actual document I have to lean back towards the idea that it would limit the power of the Federal Reserve.

The authority vested in the President to issue silver certificates (paper money) against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption.

Im no expert but to me that says Kennedy is giving the US Treasury the right to print its own money based on the amount of silver it had on hand (that wasn't already lent out in certificates) which would mean that the US would not have to go through the Federal Reserve.

His speech in 1961 would also be in line with this interpretation of order 11110 in June 4th,1963 and then was killed Nov 22 1963.

Can anyone explain another interpretation of the executive order?

Answer 1

OK, I think I see where you're going with this, and I think I can clear it up for you. Sometimes you've got to pull on all the loose threads to untangle a knot, so let's start pulling...



The first thing to remember is that an EO never grants or creates new authority. Never. It's just an instruction to the Executive Branch on how it's supposed to do it's job in accordance with existing law.



Silver certificates had been issued by every president since Rutherford B. Hayes, so issuing them wasn't anything new. The government already had the authority to issue silver certs against the available Treasury stock of silver.



Unfortunately, you've edited out part of the EO that helps unravel it. 11110 starts with this:

"SECTION 1. Executive Order No. 10289 of September 9, 1951, as amended, is hereby further amended (a) By adding at the end of paragraph 1 thereof the following subparagraph (j):" So, EO 11110 is amending 10289--but what does 10289 do?



10289 is a list of things that the Treasury Secretary can do without getting prior presidential approval. 11110 just takes the president's already existing authority to issue silver certs, and delegates it to the Treasury Secretary. There's no new power here--just a change in who can give the order.



So, we know that the EO shifts the authority to issue silver certificates from JFK to his Treasury Secretary, C. Douglas Dillion. But why do that?



Because the same day he signed 11110, Kennedy signed PL 88-36, which did two things 1) Gave the Fed the authority to issue $1 and $2 notes (which it couldn't do before), and b) revoked the Silver Purchase Act. That's important because before PL 88-36 was signed, silver certs could be issued either by the President (under the Agricultural Adjustment Act) or by the Treasury Secretary (under the Silver Purchase Act). With the signing of PL 88-36, Secretary Dillon could no longer issue them, so EO 11110 delegated Kennedy's authority to him.



Another thing to remember is that the EO mentions silver "not then held for redemption"--IOW, new certificates could only be issued against silver that wasn't already accounted for by existing silver certs. The US had been selling its silver since the late 1950's to keep the international price down, and by the time 88-36 and 11110 were signed, there was only about $50 million in "available" silver for new certificates.



I hope that clears it up...

Answer 2

Kennedy Executive Order 11110

Answer 3

In order to fully understand the executive order, you have to know a little history about silver certificates and the law that Kennedy signed the same day that he issued the executive order.



Here is some background on the power to issue silver certificates. The Agriculture Adjustment Act (AAA) of 1933 (48 Stat 51) gave the Office of the President the power to authorize the issue of silver certificates in denominations of $1, $2, $5 and $10 as long as the Treasury had enough silver and the total issue did not exceed $3 billion. That is the "Act of May 12, 1933" that is referred to in the EO. The Silver Purchase Act of 1934 (48 Stat 1178) also gave that power to the Office of the Secretary of the Treasury under similar restrictions.



On June 4, 1963, President Kennedy signed a law which repealed the Silver Purchase Act of 1934 (Public Law 88-36, 77 Stat 54). Read it at http://www.gpo.gov/fdsys/pkg/STATUTE-77/pdf/STATUTE-77-Pg54.pdf That same law also authorized the Federal Reserve to begin issuing $1 and $2 denominations of Federal Reserve Notes (See section 3 of Title 1 of the previous link). On the same day that he signed that law, President Kennedy issued EO 11110 delegating his authority to issue silver certificates under the AAA of 1933 to the Secretary of the Treasury. That is all that EO 11110 did.



Note: The citations to law refer to the U.S. Statutes at Large which can be found in most law libraries and Federal Depository Libraries. The citations are in the form of "(Volume Number) Stat (Page Number)". Therefore a citation of 48 Stat 51 refers to Volume 48, page 51 of the U.S. Statutes at Large. You can find a Federal Depository Library in your state at http://www.gpo.gov/libraries/ Click on the link titled, "Locate a Federal Depository Library near you".



Now that you know that history, it is obvious that the conspiracy theory is false because the EO didn't do anything extraordinary. The Secretary of the Treasury already had the power to issue silver certificates in various denominations at least since 1934. So, if the Secretary already had that power, if the EO was supposed to end the Federal Reserve, why didn't that occur during the previous 29 years?

Answer 4

Kennedy was the son of a world famous gangster.



Half the world wanted him dead. He had enemies literally everywhere.



It was never a question of IF Kennedy would get shot.



It was just WHO would get the first shot at him.



It turned out - it was LBJ. Who became president after Kennedy was shot IN TEXAS.



Do the math.

Answer 5

Kennedy was not perfect don't get all the hype about him.

Answer 6

Fort Knox has NO GOLD...dr