# 111110.
John F. Kennedy vs The Federal Reserve
Executive Order 11110
Another overlooked aspect of Kennedy's attempt to reform American society involves money.
Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying (NOTE: TAX FREE) interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest.
He moved in this area on June 4, 1963, by signing Executive Order 11,110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System.
That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.
