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What happened to the Silver Certificate

 
Anonymous Coward
User ID: 11999619
United States
03/09/2012 09:13 PM
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What happened to the Silver Certificate
K, I've been researching the Federal Reserve and I'm aware of the conspiracies behind it, but I wanted a more solid knowledge of the institution.

In my research I came across the Silver Certificate, now in the conspiracy theory, JFK is said to have passed an executive order that would allow the US government to print it's own money backed by silver and that would act as competition for the Federal Reserve Note and beat it out because it actually had value. And so, Kennedy was assassinated.

This is where that theory falls apart: the silver certificate had been in circualtion since 1878! and only got cancelled in 1964. Kennedy's order would only allow the continue of the printing of that currency for the "tranition period" until the Silver Certificate was phased out.

So my question is why did people not choose to use the silver certificate over the federal reserve note? Why is it not very well known that the silver certificate existed? Or was it well known back in the 60s and people just prefered the federal reserve not for some reason?
Anonymous Coward
User ID: 12245257
Germany
03/09/2012 09:15 PM
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Re: What happened to the Silver Certificate
Silver was massively devalued starting in the 1870s by the Gold Cartel
Anonymous Coward
User ID: 12254352
United States
03/09/2012 09:21 PM
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Re: What happened to the Silver Certificate
Coinage Act of 1873

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