[caro] JESTER thanks for the link on Kennedy you posted Thursday . What interested me is the executive order that Kennedy did that is still valid, concerning it returned to the Treasury department power to create currency. Can President Trump activate that EO or does he write another one?
[JESTER] caro I TRIED TO FIGURE OUT WHAT JOHNSON DID TO STOP IT BACK THEN BUT DIDN'T GET FAR ON THAT... BUT THE ARTICLE SAID THAT IT NEVER WAS REPEALED OR ANYTHING... DID YOU NOT SEE THAT IN THERE?
[caro] JESTER yes that is what I understood and my question, can President Trump activate that order or does he have to issue a new one? Amazing it is still active!!
[JESTER] I THOUGHT IT WAS INTERESTING THEY CALLED THAT A USN TOO... THE FED DOLLAR IS STILL A FRN...
[PollyP] JESTER, it would be great if that could happen
[JESTER] caro IT DOES NOT HAVE TO BE ACTIVATED BY A PRESIDENT... IT IS A US TREASURY FUNCTION... THEY JUST HAVE TO DECIDE TO DO IT...
[JESTER] THE EO WAS TO ALLOW THE US TREASURY SECRETARY TO DO IT AS I RECALL...
[Tmorrow1953] Does the president have any leverage in getting that ball rolling?
[JESTER] President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
[JESTER] THE AUTHORITY LIES IN THE US TREASURY...
[caro] JESTER wow, then we could have new money, backed by silver when the treasury decides?
[JESTER] caro IT WOULD SEEM AS IF THAT IS POSSIBLE... ALTHOUGH I AM STILL CURIOUS HOW THEY CLEANED UP THE NOTES IN CIRCULATION AND BY WHAT ORDER THAT WAS DONE...
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