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<p>[QUOTE=&quot;Numbers, post: 654236, member: 11668&quot;]Okay, here&#039;s the relevant part of EO 11110:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Notice that the addition which EO 11110 made to EO 10289 is paragraph 1, subparagraph (j).</p><p><br /></p><p><br /></p><p>Now, here&#039;s the relevant part of <a href="http://www.presidency.ucsb.edu/ws/index.php?pid=34773" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.presidency.ucsb.edu/ws/index.php?pid=34773" rel="nofollow">EO 12608</a>:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Notice that it revokes section 1(j).&nbsp; (That bit is about a quarter of the way down in EO 12608...I can easily believe you missed it before, as that entire order is a giant mass of technical amendments, revocations, and corrections to earlier EOs that had become obsolete for various reasons.)</p><p><br /></p><p>Notice also that this section 1(j) did not create any new authority for Silver Certificates; it merely delegated to the Secretary of the Treasury certain authority regarding Silver Certificates that the President had already possessed (that&#039;s what the original EO 10289 is about: powers that the President delegates to the Secretary of the Treasury).&nbsp; The reason why the section had become obsolete by 1987 is that Congress took away that authority from the President in 1982, when the relevant title of the U.S. Code was revised by PL 97-258 (as noted in the link I posted last time).</p><p><br /></p><p>In other words, if (for some bizarre reason) the Treasury wanted to issue new Silver Certificates today, it&#039;d take a new act of Congress to reauthorize them.&nbsp; Ditto for a new issue of United States Notes.&nbsp; (But a larger obstacle is the fact that neither Congress nor the President would today have any desire to create such notes in the first place....)</p><p><br /></p><p>As for Kennedy&#039;s intentions, see the same link from my previous post.&nbsp; If Kennedy was trying to create &quot;debtless currency&quot; (whatever that means) to reduce the Fed&#039;s power, why was he at the same time signing legislation to <i>increase</i> the Fed&#039;s power to issue currency?&nbsp; That interpretation of EO 11110 makes no sense.&nbsp; (Besides, United States Notes are also debt instruments; they&#039;re just debts owed by the Treasury itself, rather than the Fed.&nbsp; Silver Certificates represent a debt too, but in their case the Treasury promises to pay the debt <i>in silver</i>, rather than just any old way.)</p><p><br /></p><p>I&#039;m not clear on what currency you&#039;re referring to when you say that &quot;There are still examples that exist today, however most are gone (certainly there is no &#039;official&#039; record of it).&quot;&nbsp; Both the Silver Certificates and the U.S. Notes that were current in Kennedy&#039;s day are quite common and are readily available on the collector market--<a href="http://www.donckelly.com/sm_type/sm_type.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.donckelly.com/sm_type/sm_type.html" rel="nofollow">here</a> for example.&nbsp; They&#039;re fully documented in the Treasury&#039;s records and in any currency-collecting guidebook you care to pick up.&nbsp; I have no idea where you&#039;re doing your research, but you really need to make better use of the available sources....[/QUOTE]</p><p><br /></p>

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