In 1963, US President John F. Kennedy signed Executive Order 11110, a move that quietly challenged one of the most powerful systems in the world — the Federal Reserve. The order allowed the US Treasury to issue silver-backed notes, breaking the Federal Reserve’s monopoly over America’s money supply. For the first time, the government was taking back control of its own currency. But just months after those notes began circulating, JFK was assassinated in Dallas. His successor, Lyndon B. Johnson,

In June 1963, John F Kennedy signed Executive Order 11110, which was designed to shift the power from the Federal Reserve back to the American people. . This was done by creating an instrument called the silver certificate, which would be backed by physical silver and issued by the Treasury, not the federal reserve. . Sadly, the order was doomed to fail, and John F Kennedy was assassinated later that year. The lesson we learned, was that the high price of taking action, pales in comparison to do

How an executive order works, and what Congress can do about them | Washington Post