Follow any of the active links below. If you get lost, remember - there's no place like HOME! |
Previous Date | Next Date | Peace Dollars by Date | Silver Dollars by Type
|
The Kennedy Dollars
You may not have noted this, but one of JFK's last 'Executive Orders' was the one to mint these coins. One of LBJ's first 'Executive Orders' was to destroy them:
From: www.john-f-kennedy.net
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
Also from there:
No TrackBacks
TrackBack URL: http://blog.writch.com/mt/mt-tb.cgi/433
Leave a comment