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President John F. Kennedy was aware of the loan and how much it was costing the taxpayer. Kennedy needed to finance the Vietnam War that occurred during his administration. By signing Executive Order 11110 on June 4, 1963, he slashed the power of the Federal Reserve to print money for the United States. In a few months, the billionaires in Europe who owned the Federal Reserve would soon be out of business.
No more interest could be charged to the taxpayers. President Kennedy's executive order is still valid today. Kennedy gave the U.S. Treasury the authority to print $2, $5, $10, and $20 bills. The words "Silver Certificate" were printed on the front of the money. Silver Certificate meant there was enough silver to back every dollar the Treasury printed.
Unfortunately, before the money was circulated, Kennedy was murdered in November 1963.
