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-- perhaps bypass the Fed and empower the president to issue currency; it constitutionally empowered the federal government to create and "issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
Though not verified, some believe he then ordered the Treasury Secretary to issue nearly $4.3 billion worth of United States notes, perhaps to replace Federal Reserve Notes. Whether or not he wanted to end the Federal Reserve System (and return money creation power to Congress as the Constitution mandates) is speculation, but perhaps fearing it, besides the above cited reasons and more, led to his assassination five months later.
In 1964, President Lyndon Johnson said: "Silver has become too valuable to be used as money." In late 1963, after he became president, US notes were withdrawn from circulation, and noted Fed critic and author of "The Creature from Jekyll Island," G. Edward Griffin, wrote on page 569 of his book: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 In 1987, (it) was rescinded by (EO) 12608 signed by Ronald Reagan."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, he did it by amending EO 10289, rescinding the Treasury's right to issue silver-backed notes.
Had Kennedy lived and served a second term, imagine the possibilities. Ending the Vietnam war alone would have been a powerful legacy.
Kennedy's June 14, 1956 Commencement Speech
Given outdoors on a blistering hot/humid day, he began expressing "pleasure to join with my fellow alumni in this pilgrimage to the second home of (my) youth," noting the difference between academia's purpose to advance knowledge and his own "where the emphasis is somewhat different," saying:
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