Kennedy's  Solution
President Kennedy recognized that our financial system was flawed. He planned to eliminate the Federal Reserve's contrived control mechanism on our future. He signed executive order 11110 as a first step.

Executive Order 11110 issued on June 4, 1963  gave the President the Authority to order the United States Treasury  "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."  For every ounce of silver in the U.S. Treasury's vault, the government could introduce a certificate or warehouse receipt to be used as money. This followed IMO the constitution's requirement that the government provide the medium of exchange and it follows the coinage act requirements.  Basing the monetary system on silver and not gold was also very important because silver is abundant and very difficult to control. 

Kennedy issued  nearly $4.3 billion in U.S. notes and was introducing them into circulation, with a plan to continue until sufficient currency was in circulation to manage the flow of goods and services.   The ramifications of this bill are enormous. President Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. When enough of his United States Notes  were in circulation he would eliminate the Federal Reserve notes.


Executive Order 11,110



By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended- a. By adding at the end of paragraph 1 thereof the following subparagraph (j): (j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates 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 denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

and --

b. By revoking subparagraphs (b) and (c) of paragraph 2 thereof. 

Section 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

John F. Kennedy

The White House,

June 4, 1963.


Executive Order 11110 could have prevented the national debt from reaching its current level. The government would not have been able to increase debt and this would have curtailed its growth. 

Click here to see one of Kennedy's   United States Notes

Kennedy was assassinated just five months after installing this EO.

EO 1110  was never repealed  and is still valid. If we had started or continued Kennedy's Plan  the  debt would be nowhere near the current level, and we would have a financial system that would increase currency levels without increasing the debt and its inflationary interest. We would escape the trap of  the irreversible transfer of wealth from the debtors to the lenders giving up all our assets to the Federal Reserve.

Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately owned central bank.