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<p>[QUOTE=&quot;TomCorona, post: 657189, member: 17621&quot;]Ok..I&#039;m very clear on this whole mess now and as simply as it can be put.</p><p><br /></p><p>What EO11110 was to give the authority of issuing silver certificates and specify denominations (not instructing them to do so however) AGAINST SILVER BULLION back to the Treasury versus the President (as a result of public law 88-36 which repealed the Silver Purchase Act) only having to do authority to do it. The Fed could only REPLACE existent notes in larger denominations but any NEW notes would be the authority of the Treasury instead of the Fed. It was a first step in replacing the Fed. Reagan&#039;s 12608 didn&#039;t directly rescind EO11110, rather amended EO10289, </p><p>rather than directly amending EO11110.</p><p>&nbsp; So basically, JFK amended the EO to allow the treasury to issue currency, then Reagan (rather curiously) effectively amended JFK&#039;s EO by amending the original EO (dealing with the treasury&#039;s right to issue silver backed notes). Why didn&#039;t Reagan just rescind EO11110 directly?? Fact is, EO11110 was never specifically rescinded and if the point was to rescind old, irrelevant EO&#039;s, then why not include JFK&#039;s? Bottom line Kennedy boldly was acting against the privately owned Fed, (EO11110 only a first step) and Reagan got rid of it without even mentioning EO11110, nor did he even follow the rules of enacting an EO. (Google that too.) Isn&#039;t it interesting that silver certificates ceased not long after JFK&#039;s death? </p><p>&nbsp;&nbsp; EO11110 was NEVER specifically rescinded. If you want to say it is via gone EO10289, ok, but then should they have specifically erased 11110 as well since they were &quot;cleaning up&quot; so to speak? JFK would have gotten us out of the 2.3 cents per dollar the bankers charge us to lend us our own money back to us, debt born of debt instead of value, creating and maintaining a debt that could never be paid back by default. Hence the smoke and mirrors of today&#039;s money mess.[/QUOTE]</p><p><br /></p>

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