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It appears, unless I misunderstand, that the Act does not have an expiration date.
I think I found the answer on the 100 year FED charter question.
Look at: www.kitcomm.com...
Post #54 says the following:
To put this discussion to rest.
The original Federal Reserve Act of 1913 did indeed provide for expiration of the corporate "power" of the twelve Federal Reserve Banks to exist in 20 years from the banks' organization (not the adoption of the Act).
Sec. 4 ... the said Federal reserve bank shall become a body corporate and as such ... shall have power: ... Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law. Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221).
However, this 20-year corporate life was changed to perpetual in 1927 by Act of Feb. 25, 1927 (44 Stat. 1234) as follows:
Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.
This is codified in the United States Code, 12 U.S.C. § 341. See www.law.cornell.edu...
This is where it stands today. Each of the U.S. Federal Reserve Banks can only be dissolved by an act of Congress or "forfeiture of franchise for violation of law."
So it looks like the FED got a 20 year charter on 23 dec. 1913 and on 25 feb. 1927, this was changed to perpetual..
The URL of Cornell looks very original.
So the charter is perpetual, or there must be some other change after 1927.
Only an act of Congress can end the FED.
Regards,
Rene Bense
Originally posted by Corruptedstructure
Or maybe the dollar will emerge as the world currency?
"By failing to prepare, you are preparing to fail." - Benjamin Franklin
Originally posted by JaegerAce
Those who do not heed the warnings do so at great risk. Many professionals have seen seeing these failures, but many "commoners" have come to the same conlusions independently. Don't just brush these off because they are against the "status quo". Do your own research and see if your life would "thrive" if you do nothing different today, and everything is different tomorrow.
One does not need to end their way of life to prepare for an unpleasent future. The preparations needed for an economic crisis are 99% the same as those needed for a natural disaster, pandemic, or other major life changing event. Life is not over when they happen, unless you have not prepared. Get informed on what you already have prepared and what little effort it would take to bring your preperations to the next level.
Being self reliant if required never hurt anyone.
"By failing to prepare, you are preparing to fail." - Benjamin Franklin
Originally posted by SheopleNation
And another thing. If the Dollar ever fails, what happens to all of the debt that we owe Red China and other Nations? It's almost as if The International Banksters desire default just in order to get out of all the debt. Still, that brings us back to the question of their assets in America. All the mortgages owed to them would be impossible to pay for with a new One World Currency and most likely a set World wide rate. Nope, they would lose too much.
Know what I think? I have been thinking about this for awhile now. I think these lunatics desire a War with Red China in order to get out of that debt. Iran, Iraq, Afganastan ect are just pretexts to World War with Red China. I mean, it's clear that we have been antagonizing them and Russia by trying to control how Oil is traded (the dollar), and attempting to control all of the resources in General. I mean, China needs resources, and they are only gonna need more. This is about survival now, and it's not a joke.
One thing for sure is if the dollar fails, then the Banks fail. After that, Almost everyone in America will be broke. How would you pay off any Loans? Would they just match pennies for the dollar with the new One World Currency with whatever your net worth was? I don't even really know what the hell would happen and how it could work. Don't think for one minute that you would just get to atleast keep your home. These bottomfeeders won't lose anymore than they have to. It's pretty creepy if you think about it. ~SheopleNation
Originally posted by jonthedit
Why is everyone here so against the NWO?
Honestly, IMO it would greatly improve America and the world in general.
I'd love to live in a one world government, without families to worry about, without those crazy people talking about all their religions, and of course, to have the ability to feel perfection.
Originally posted by MRuss
reply to post by JibbyJedi
That's why I asked you to ignore the messenger--but listen to the message.
Does it matter which soldier rings the warning bell?
Originally posted by Pigraphia
Very interesting.
I wish he had a longer video on youtube going into more depth.
I had no idea Greece owed money to the families he mentioned, I just thought there economy was collapsing.
That and there internal banks were going down due to poor management.
Originally posted by MRuss
reply to post by THEDUDE86
I don't know. Here--and everywhere---someone is always being debunked and discredited. If you believed everything you heard, you wouldn't even like or believe in God---not to mention Steven Greer, a handful of astronauts, David Wilcock or anyone else for that matter.
I guess what you have to do is allow people to figure out which leaders/speakers and information resonates with them.
Originally posted by ThirdRock69
This video is over an hour and I recommend watching it all.
But in the first 5 minutes you get enough info to understand what's really going on.
TPTB are desperate to hold on to their monetary power and will do anything to stop anyone who gets in their way.
Originally posted by starchild10
Originally posted by Corruptedstructure
Or maybe the dollar will emerge as the world currency?
Ya think?
Most financial pundits seem to be saying the dollar is on borrowed time.
I have yet to watch the video but my take on things is this.
We have had people preaching imminent doom on these sites for years but just now it seems that everything that could be going down IS going down. From money to war to social unrest to extreme weather events and everything inbetween. You would have to have your head stuck way down in the sand to ignore it.
I don't know how it will pan out but what worries me is that here in Europe I have heard an increasing number of voices advocating tighter fiscal and political union as the way forward. I was waiting for this and am not surprised. Because IMO it's possible that things will get to crisis point then this will be put forward as the only solution. The pattern will be followed globally - as in OWO here we come.edit on 26-2-2012 by starchild10 because: (no reason given)