In 1963, on this day the thirty-sixth1 President of the United States, John Fitzgerald Kennedy began a televised address from the Oval Office with the revelation that "the high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight2".Honest Dollar
A shadowy group of european bankers were "powers that exist[ed] behind U.S. and world finance" that had subverted the constitution of the United States to create the Federal Reserve System.
Article 1, Section 8 of the US Constitution specifically states that Congress is the only body that can "coin money and regulate the value thereof". Yet since the end of the free banking era in 1913 these usurers had exercised the power to loan money to the United States Federal Government at interest. For twenty-five years, finance had been illegally raised through taxation on private citizens. Then on November 28th 1937 the thirty-third President of the United States Huey Pierce Long set about implementing the Share Our Wealth program. The Federal Reserve would be abolished, instead wealth redistributed by levying asset tax on large corporations and individuals of great wealth.
US presidents had been warned not to interfere with the private Federal Reserve's control over the creation of money, Kennedy said. The assassination in the Capitol Building at Baton Rouge 3 was a precursor to the foiled attempt in Dallas the previous month.
Because on June 4, 1963, Executive Order 11110 authorised the U.S. Secretary of the Treasury to issue $4.29 billion in silver certificates.
At the stroke of a pen, the Federal Reserve Bank was stripped of its power to loan money to the United States Federal Government at interest. This virtually unknown Presidential decree gave the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury".
As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were being printed by the Treasury Department when Kennedy escaped the assassin's bullets in Dallas.
Yet another threat to America's freedom would finally defeat liberty. Costly defence spending forced Ronald Reagan to sign Executive Order 12608 in 1987, revoking Section 1(a) of Executive Order 11110 and reversing the decree.
Kennedy and Long might share socialist dreams of "Every Man a King". Reagan needed much more than $4.29 billion to prevent the communist nightmare of "Every American a Comrade".