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-- in 1964, Lyndon Johnson said: "Silver has become too valuable to be used as money;"
-- in late 1963, US Notes were withdrawn from circulation; and
-- noted Fed critic and author of "The Creature from Jekyll Island," G. Edward Griffin, wrote on page 569 of his book:
"There was a third point, however, which everyone seemed to overlook. The Executive Order 11110 did not instruct the Treasury to issue Silver Certificates. It merely authorized it to do so if the occasion should arise. The occasion never arose. The last issuance of Silver Certificates was in 1957....six years before the Kennedy (EO). In 1987 (it) was rescinded by (EO) 12608 signed by Ronald Reagan."
Without mentioning EO 11110, it did it by amending EO 10289, rescinding the Treasury's right to issue silver-backed notes.
Publicly-Run Banks Work
Their history is impressive:
-- in colonial America;
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