Lawful Money?

The theory goes, that both of these Presidents re-issued legal tender, backed by gold and silver in defiance of the Federal Reserve (Central Bank) which holds a monopoly on American currency. By releasing Constitutional legal tender, America would not have to pay interest on the money that the Federal Reserve charges for currency it produces out of thin air. President Kennedy issued executive order #11210 issuing currency directly from the mint with regulation by the Secretary of the Treasury. These notes, issued in two types of denominations ($5 and $10 bills, backed by gold and $1 and $2 bills, backed by silver) were issued as United States Notes denoting that they were not of the Federal Reserve as noted on today's currency. The executive order allowed for an estimated 5 billions dollars worth of currency to be issued. After this act was instituted, President Kennedy was assassinated and in the first day of office for President Johnson, all notes were re-called. Very few of these notes still exist.

In the photo below, please note that the note is issued as a United States Note and not as a Federal Reserve Note. The date of the note is 1963, and the security ink is in red, rather than the usual green. I scanned the note in black and white to prevent the possibility of the Government coming up with another reason to hassle me. Portions of color scans are available upon request.

So how worthless is your money? If I said your money was unlawful, would you think I was crazier? Please see the two scans of notes below. The 1934 note specifies that the note can be exchanged for LAWFUL money. Fair enough. Now look at the 1976 note. Where do we get the lawful money from now? If the note is not exchangeable for something lawful, why is it being circulated?