Less than six months before he was assassinated, President Kennedy had begun formulating a new Federal Reserve Act, which many say would have restored the US Federal Reserve to a fully-fledged US Government bank.

John F. Kennedy, White House photo portrait, looking up.jpg

President Kennedy went after the Fed.

A little-known Presidential decree – Executive Order 11110 – was signed by Kennedy on June 4, 1963. It would have deprived the Federal Reserve of its ability to loan money to the Government at interest. By signing the document, President Kennedy was attempting to put an end to the Fed – or at least the Fed as we know it.

Without going into the specifics of Executive Order 11110, it arguably could have stopped the US from reaching its record-level national debt.

Seven theses on the present crisis - João Bernardo

Instead, JFK was assassinated as we all know. But what is less known is the United States Notes the President had issued as part of the executive order – notes which were designed to replace the Federal Reserve Notes – were immediately taken out of circulation.

To this very day, the Federal Reserve Notes remain in circulation as the currency all Americans use.

And, of course, what also remained post JFK was a central bank only nominally under the Government’s control.

We provide an illuminating snapshot of the history of central banking in the US and the evolution of the Fed in our new release book…

Read more in THE ORPHAN CONSPIRACIES: 29 Conspiracy Theories from The Orphan Trilogy – available now via Amazon at: http://www.amazon.com/The-Orphan-Conspiracies-Conspiracy-Theories-ebook/dp/B00J4MPFT6/

A book that’s for the common people.

 

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