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is the federal reserve acting legally? , page-3

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    lol, read the executive order and the writer of the article is making some massive theoretical leaps..

    from wiki, so take it with a grain of salt (maybe a teaspoon less than the article quoted by parrot):

    "E.O. 11110 did not create authority to issue new silver certificates, it only affected who could give the order. The purpose of the order was to facilitate the reduction of certificates in circulation, not to increase them. In October 1964 the Treasury ceased issuing them entirely. The Coinage Act of 1965 (PL 89-81) ended the practice of using silver in most U.S. coins, and in 1968 Congress ended the redeemability of silver certificates (PL 90-29).

    In summary, E.O. 11110 did not create new authority to issue additional silver certificates. In fact, its intention was to ease the process for their removal so that small denomination Federal Reserve Notes could replace them in accordance with a law Kennedy himself signed."

    "E.O. 11110 was never reversed by President Lyndon B. Johnson and remained on the books until President Ronald Reagan issued Executive Order 12608 on 9 September 1987 as part of a general clean-up of executive orders. E.O. 12608 specifically revoked the sections added by E.O. 11110 which effectively revoked the entire Order. By this time, however, the remaining legislative authority behind E.O. 11110 had been repealed by Congress when Pub.L. 97-258 was passed in 1982."

    link to an essay debunking the JFK conspiracy theory (which is where most of the wiki article comes from):

    http://www.publiceye.org/conspire/flaherty/flaherty9.html
 
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