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On June 4, 1963, President John F. Kennedy issued Executive Order No. 11110, directing the Treasury to produce $4 billion worth of $2 and $5 bills. The bills, supported by silver reserves stored in the Treasury's vaults, were issued without debt or interest. The seigniorage, or profit from coinage, went directly to the US government rather than to the privately owned US Federal Reserve Bank. This issuance of notes was part of Kennedy's broader strategy to diminish the influence of the US Federal Reserve Bank. On November 22, 1963, President Kennedy was assassinated in Dallas, Texas.

Andrew Jackson, often referred to as the "People's President," survived an assassination attempt in 1835 when Richard Lawrence attempted to shoot Jackson, but both of Lawrence's pistols misfired. Jackson vetoed a bill in 1832 that aimed to renew the Second Bank of the United States. He was opposed to the bank's influence in the nation's financial system, viewing it as a tool of the wealthy elite and foreign interests. The Bank was under the control and influence of the Rothschild Family.