The American president John Fitzgerald Kennedy was well aware
of this situation of excessive power of the FED, and with his executive order
11110 of the 4th of June 1963, he tried to rebalance the monetary
policy by authorizing the Treasury of the United States of America to issue
banknotes guaranteed with silver deposits. The intention was to move the
monetary control from the FED to the Treasury.
The Vital Needs Theory - page 85