Talk:Silver standard/Archives/2014

Section on United States

Unless someone can come up with a _really_ good reason to not do so, I'm going to make some changes to the "United States" section, specifically the part about Congress "ending the legal foundation for silver certificates". There are several things specifically wrong about it:

1. The legislation didn't end the authority to issue silver certificates. It did two things: it allowed the Fed to issue $1 and $2 notes, and it removed the Secretary of the Treasury's authority to issue them. The president still had that authority, which he delegated to the SoT in EO 11110. Kennedy had to sign that law into effect. To say that EO 11110 "countered" the law is simply not accurate. Further, since Kennedy had called several times for the end of silver certs, it's not logical that he would then use an EO to try to keep them alive.

2. The claim that the EO "This Series 1958 introduced an additional $4.29 billion worth of United States Notes into circulation" is incorrect on it's face. The EO mentions only silver certificates. USNs were issued under different legislation than the one from which the EO draws it's authority. (also the "Series 1958" (sic) has nothing to do with the EO or the legislation, other than it being the series of $1 silver certs being produced at the time (along with Series 1935 $1 silver certs)

3. AFAIK, there isn't a primary source for the claim that "although they were never issued, $10.00 and $20.00 notes were in the process of being printed when Kennedy was assassinated in 1963".

If I haven't heard anything in a day or two, I'm going to make those changes.Almostfm (talk) 01:07, 16 January 2014 (UTC)