Today’s BankNote of the Day post are actually two notes. The significance of these notes has been suggested by a few as to why John F. Kennedy was assonated. A far stretch? Maybe. The notes are ‘United States Notes’ rather than Federal Reserve Notes. The difference? The Federal Reserve Bank is an independent bank that prints money and loans it to the United States for a fee (interest). A couple of presidents sought to have the Treasury print it instead. These presidents were Lincoln and Kennedy, and they were both assonated. During Kennedy's term this would be pulling the rug out from under the FRB and trillions of dollars in intrest. Soon after his assonation, Lyndon Johnson was sworn in and repealed Kennedy’s legislation and the FRB was again back in business as usual. During the time these were printed, there were 4 billion dollars’ worth of $2’s and $5’s that were BACKED by silver. The FRB notes were fiat currency backed only by faith. Backing the currency would curtail government spending and keep the economy in check, an opinion of Jefferson and other statesmen. Woodrow Wilson signed into law the existence of the FRB, but later lamented the disastrous mistake he had made. Since the creation of the FRB the dollar has continued to devaluate due to the FRB pumping more money into the economy to make more interest. They must be careful not to tip the scales too far. Our latest woes show how far they are willing to go. It is mathematically impossible to repay the money plus interest to the FRB. The United States issues “IOU’s” in the form of Treasury Notes which it trades to the FRB for cash, the FRB then sells them to others (People and governments). This money in it the trillions- maybe enough to kill a president over, after all they did repeal the law right away! AND, he was the LAST president to attempt it.Washington is running off a CREDIT CARD issued by the FRB. Financial Cliff? Maybe just hit the credit limit.... ( again ). My opinion is: If the Treasury notes are good enough for cash, then just let the Treasury print the cash in the first place and save the intrest. ENJOY!!