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On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the US government the power to issue currency, without going through the Federal Reserve. Kennedy's order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars [photo 3rd on left] in the Treasury.” This meant that for every ounce of silver in the US Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in US notes into circulation.
Five short months later, President
and which Obama has recently nominated US Federal Judge Sonia Sotomayor to America’s highest court where she will become the 6th Roman Catholic Justice and giving the Vatican near total control of US monetary policy.