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15848427 No.15848427 [Reply] [Original]

SECTION 1. Executive Order No. 10289 of September 19 [sic], 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

>> No.15848436

Based

>> No.15848438
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15848438

The circulation of a medium of exchange issued and backed by the
Government can be properly regulated and redundancy of issue avoided by
withdrawing from circulation such amounts as may be necessary by Taxation,
Redeposit, and otherwise. Government has the power to regulate the currency and
credit of the Nation.

Government should stand behind its currency and credit and the Bank deposits of the Nation.
No individual should suffer a loss of money through depreciation or inflated
currency or Bank bankruptcy.

Government possessing the power to create and issue currency and credits money and
enjoying the right to withdraw both currency and credit from circulation by
Taxation and otherwise need not and should not borrow capital at interest as a
means of financing Governmental work and public enterprise. The Government
should create, issue, and circulate all the currency and credit needed to
satisfy the spending power of the Government and the buying power of the
consumers. The privilege of creating and issuing money is not only the supreme
prerogative of Government, but it is the Governments greatest creative
opportunity.

By the adoption of these principles the long felt want for a uniform medium will be
satisfied. The taxpayers will be saved immense sums of interest, discounts, and
exchanges. The financing of all public enterprise, the maintenance of stable
Government and ordered progress, and the conduct of the Treasury will become
matters of practical administration. The people can and will be furnished with a
currency as safe as their own Government. Money will cease to be master and
become the servant of humanity. Democracy will rise superior to the money power.