Final_Judgment

446 JFK’s Greenbacks [349]
published. An inexperienced junior editor had inserted a brief news item in a
column in the newspaper and it had slipped past the other editors.
The information, in fact, was based on misinformation that had been
circulating for some years in an assortment of other newsletters that had
reprinted the story verbatim, without question. Our junior editor had seen
the story, found it thought-provoking, and committed it to print.
And now, as a consequence of what we reported, the story has taken on
additional life, particularly since Jim Marrs cited it and thousands of others
have seen Marrs' rendition and accepted it as fact. Since then, Mans has
been cited on this time and again, on the Internet in particular.
AND NOW FOR THE FACTS . . .
So, essentially, at issue is whether Executive Order (EO) 11,110,
signed by JFK on June 4, 1963 and supposedly repealed by LBJ within
hours of JFK's death, approved more than $4 billion in U.S. Notes, issued
directly by the treasury, in place of Federal Reserve Notes which earn
interest for the Federal Reserve banks.
In fact, it was the Reagan administration—not LBJ—that finally
repealed E0 11,110. And this E0 dealt with silver certificates—not
greenbacks—when Reagan signed EO 12,608, which revoked several
outdated executive orders.
EO 11,110 dealt with granting the Secretary of the Treasury the
authority to issue rules and regulations pertaining to freeing the secretary to
act without presidential approval on silver bullion sales. As president, JFK
revoked both of these with EO 11,110.
To repeat, the issuance of "greenbacks" (technically known as United
States Notes) was not even the subject of JFK's EO 11,110.
The greenbacks that were issued during the Kennedy administration were
issued pursuant to long-standing federal legislation mandating that a certain
number of U.S. Notes always be in circulation by the Treasury Department
although, as we shall see momentarily, the Treasury has not been following
that mandate.
For those not versed in the intricacies of finance and the Federal Reserve
controversy, here's a brief description of U.S. Notes as written by the late
Gertrude Coogan, a long-time student of the money question:
"U.S. Notes are the kind of money for which the private banker is not
charging the taxpayers interest. They are real money and pass today as full
legal tender. If all the money in use in this country were issued by the
United States government, we would not have periods in which the volume of
money suddenly diminished for some 'mysterious' reason. U.S. Notes
draw no interest on their creation, and they cannot be recalled." 890 In short,
U.S. Notes provide no profit for the private banking interests whereas
Federal Reserve Notes do.
However, for the record, we will cite here the correct explanation as to
why 1) U.S. Notes were indeed issued during the Kennedy era and why 2)
U.S. Notes appear to now be "withdrawn" from circulation.