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Is the Federal Reserve Act going to expire?
No. The Federal Reserve Act of 1913--which established the Federal Reserve as the central bank of the United States--has been amended or altered by the Congress numerous times over the years, but the act has never included an "expiration date" or repeal date. As stated in the law itself, the Federal Reserve Act can only be repealed, amended, or altered by the Congress.
Originally posted by charles1952
reply to post by minkmouse
I don't know if you believe anything that comes from a government source, but here's the Fed's answer from their FAQ page:
Is the Federal Reserve Act going to expire?
No. The Federal Reserve Act of 1913--which established the Federal Reserve as the central bank of the United States--has been amended or altered by the Congress numerous times over the years, but the act has never included an "expiration date" or repeal date. As stated in the law itself, the Federal Reserve Act can only be repealed, amended, or altered by the Congress.
www.federalreserve.gov...
Originally posted by ParanoidAmerican
Kennedy tried to take back printing power with the Silver Note but we see how that turned out....Exec. Order 11110
note the date....
The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to eliminate silver certificates. ... President Kennedy also called upon Congress to phase out silver certificates in favor of Federal Reserve notes