On June 4, 1963, a virtually unknown Presidential decree,
Executive Order 11110, was signed with the authority to
basically strip the Bank of its power to loan money to the
United States Federal Government at interest. With the stroke of
a pen, President Kennedy declared that the privately owned
Federal Reserve Bank would soon be out of business. The
Christian Law Fellowship has exhaustively researched this matter
through the Federal Register and Library of Congress. We can now
safely conclude that this Executive Order has never been
repealed, amended, or superceded by any subsequent Executive
Order. In simple terms, it is still valid. When President John
Fitzgerald Kennedy – the author of Profiles in Courage -signed
this Order, it returned to the federal government, specifically
the Treasury Department, the Constitutional power to create and
issue currency -money – without going through the privately
owned Federal Reserve Bank. President Kennedy’s Executive Order
11110 [the full text is displayed further bel