But what did the treasury DO with their direction from EO 11110?
They printed sliver backed notes, bearing the device of “United States Note” not “Federal Reserve Note”.
Take for example, any other EO, that for example mentions activities of border control. No, Obama’s wording of the EO did not specifically say “catch and release” but that’s the outflow of the order.
Just as people read between the lines, so does the government write between the lines.
They printed sliver backed notes, bearing the device of United States Note not Federal Reserve Note.
No, they did not say "United States Note", silver certificates said "Silver Certificate".
EO 11110 let them print more silver certificates, for a limited time, before they replaced them with $1 and $2 FRNs.
It was never about US Notes or eliminating the Fed or eliminating FRNs.