On June 4th, 1963 President Kennedy signed executive order 11110 which allowed the US government to make its own money and bypass the Federal Reserve. The 4+ billion dollars of United States Notes (backed by US gold and silver) were put in to circulation in denominations of $2 and $5. The $10s and $20s were printed but never released as he was assassinated. Vice President Lyndon Johnson was sworn in as the 36th president of the United States 99 minutes after the death of President John F. Kennedy. During his swearing-in as president aboard Air Force One, with a grief-stricken Jackie Kennedy to his left, Lyndon Johnson flashed a grin to one his Texas cohorts, Congressman Albert Thomas. In a famous photograph Thomas is seen grinning back and also sending a wink to Johnson. The United States Note program was shut down. The United States was given the Tonkin Gulf Incident and the Viet Nam War instead...
Posted on: Sun, 20 Oct 2013 03:32:15 +0000
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