Something interesting about Kennedy?

This is an interesting bit of info that I picked up one while randomly stumbling across the web. Let me know what you think?


http://en.wikipedia.org/wiki/Executive_Order_11110
Executive Order 11110
From Wikipedia, the free encyclopedia
Contents [hide]
1 Purpose
2 Conspiracy theory
3 References
4 See also
5 External links
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
This executive order delegates to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act.
[edit]Purpose

The order was for the Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it. The order was needed due to the passage of Public Law 88-36 which repealed the Silver Purchase Act and other related monetary measures. One result was that after the repeals, only the President could issue new silver certificates.[citation needed]
The Federal Reserve System could replace the certificates, but only in larger denominations. The thrust of the order returned the authority to issue new silver certificates (and specify denominations) back to the U.S. Treasury.
This executive order allowed for the Federal Reserve System to distribute and exchange currency at lower denominations that met the growing economic need. The authoritative basis for the Order was substantially nullified on September 13, 1982 with the passage of Public Law 97-258. [1]
The order was never directly reversed, but on September 9, 1987, Executive Order 12608 revoked the section that Executive Order 11110 had added to Executive Order 10289,[2] essentially nullifying the order.

And a more credible reference:
http://www.presidency.ucsb.edu/ws/index.php?pid=59049

Executive Order 11110 - Amendment of Executive Order No. 10289 as Amended, Relating to the Performance of Certain Functions Affecting the Department of the Treasury
June 4, 1963


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By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended --

(a) By adding at the end of paragraph 1 thereof the following subparagraph (j):

"(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and

(b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof.

SEC. 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

JOHN F. KENNEDY
THE WHITE HOUSE,
June 4, 1963

By virtue of this order, the treasury could circumvent the Fed's power to centrally control the money supply in the US by issuing its own currency unaffected by the Fed. Interesting that, until now, I have never heard of this before. Given my background in Political Science. The things they don't teach us.