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Forwarded from Pixiedust ChroniclesπŸͺ„πŸͺ„ (Cinderella⚑)
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Forwarded from Bobby BueashaeπŸ™πŸ™πŸ™
JFK's Executive Order 11110, signed June 4, 1963, amended a prior order, allowing the Treasury Secretary to issue silver certificates against silver bullion, facilitating a transition away from silver-backed currency under the nav>>Thomas Amendment and nav>>Silver Purchase Act. While often linked to conspiracy theories about undermining the Federal Reserve (Fed), historians generally view it as a technical move to manage silver reserves and transition to Federal Reserve Notes, not a challenge to the Fed's power, though it did enable the Treasury to issue currency directly.
Key Aspects of EO 11110:
Purpose: To manage the phasing out of silver certificates by authorizing the Treasury to issue new currency backed by silver, easing the shift to paper money as silver reserves dwindled.
Mechanism: It delegated authority from the President to the Treasury Secretary to issue silver certificates, allowing the Treasury to use silver bullion.
Context: Signed the same day as Public Law 88-36, which ended silver requirements for coins and certificates, making the order a transitional tool.
Common Misconceptions (Conspiracy Theories):
Undermining the Fed: Claims suggest Kennedy intended to cripple the Federal Reserve by allowing the Treasury to print interest-free money.
Never Repealed: While the order wasn't explicitly revoked immediately, subsequent actions and interpretations show it didn't fundamentally alter the Fed's dominant role, and it was later revoked by a Reagan-era order (EO 12608) in 1987.
Historical Reality:
Experts (like those on Reddit's r/AskHistorians) state the order actually enhanced the Fed's power by allowing it to issue small-denomination notes, as it conserved silver.
The order facilitated an orderly monetary transition rather than a radical overhaul, with silver certificates declining after 1963.
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Forwarded from Bobby BueashaeπŸ™πŸ™πŸ™
This is what has me on the 111 numbers.

BUT...

1/11/2026

1/11/2+0+2+6=10
1 11 110

11110
Kennedys EO
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Forwarded from Pixiedust ChroniclesπŸͺ„πŸͺ„ (Cinderella⚑)
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MALAYSIA WASN'T PLAYING THIS YEAR!!!πŸ₯³πŸ₯³πŸ₯³
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Forwarded from il Donaldo Trumpo
MALAYSIA WASN'T PLAYING THIS YEAR!!!πŸ₯³πŸ₯³πŸ₯³
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Forwarded from Bobby BueashaeπŸ™πŸ™πŸ™
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