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100 Year Federal Reserve Charter is a Myth

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posted on Feb, 29 2012 @ 03:37 PM
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No 100 year Federal Charter to renew in 2013.....


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.



Yet another absolute myth about the Fed spread by ignorant Paul fans.
There was never a 100 year (or 99 year as some other similar lies state) charter for the Fed.
It was set up in 1913 with each individual Federal Reserve Bank having a 20 year charter.
However congress passed the Pepper McFadden Bill in 1927 giving the banks perpetual charter. The system can only come to an end as a result of an act of congress.


answers.yahoo.com...

Only an act of congress can stop the Federal Reserve and that won't happen as congress is paid off by the FED.

www.abovetopsecret.com... - Who Can / Who Will Stop The FED
www.abovetopsecret.com... - Ron Paul:How To End The FED
www.abovetopsecret.com... - HR 6550 - Legislation To End The Federal Reserve
www.abovetopsecret.com... - Kucinich bill: End the Federal Reserve!
www.abovetopsecret.com... - End the Fed by foreclosing on it




posted on Feb, 29 2012 @ 04:09 PM
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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." This is too easy. All you have to do is some research.

An audit of the Federal Reserve has revealed in the Sanders Report that the privately owned Federal Reserve secretly and unlawfully doled out more than $16 trillion in zero interest loans and concealed electronic funds transfers to some of the largest financial institutions and corporations in the United States and throughout the world. The non-partisan, investigative arm of Congress determined that the Federal Reserve acted illegally. In fact, according to the report, the Federal Reserve knew their financial transactions were illegal and provided conflict of interest waivers to its employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans. The report is evidence that reveals major securities fraud in the embezzlement of $16 trillion by the Federal Reserve. Securities fraud and embezzlement are both felony criminal offenses. Any criminal offense committed by the Federal Reserve forfeits the Federal Reserve franchise – U.S. Code TITLE 12 CHAPTER 3 SUBCHAPTER IX § 341. Second
I do know that even with the blatant violations of law it makes not one bit of difference. When you have the people who make the important decisions in your back pocket they will not act against your interests. S&F for bringing clarity to the 100 year charter issue though.



posted on Feb, 29 2012 @ 04:24 PM
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reply to post by PageAlaCearl
 


Just another fake light at the end of tunnel to appease the people who hope for change without any personal effort or change. The economy would have to really collapse before anything is changed, and even then it might not really change except in name.



posted on Feb, 29 2012 @ 04:27 PM
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reply to post by GD21D
 


Exactly, love this part after reading what you posted...

To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.

Definitely a violation of law, not to mention unconstitutional but until the truth is public knowledge there is no stopping the 250 people that the rest of us 6 billion people are in debt to and the system of never having more than you owe rolls on.



posted on May, 8 2012 @ 10:24 AM
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So why is this issue not being discussed in the MSM?

Why is this issue not being discussed further with members of congress?

Why are members of congress not holding hearings about this issue?

Why do I have the feeling we know the answer? And finally, what are we willing to do about it?

Just saying...
edit on 8-5-2012 by truth99 because: Federal Reserve Charter Questions





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