Federal Reserve Charter - due to expire on December 23, 2013

I am looking for some help here. I searched the forums, as well as the internet, and cannot find any answer to this. Some are saying that the Federal Reserve Bank's charter is due to expire on December 23, 2013. Others are stating that the end date on the charter was done away with back during the Depression and that it now has an open-ended charter.

While I haven't been able to find a definitive answer to this, I tend to believe the latter. Does anyone know?
More: http://www.dailypaul.com/138304/federal-reserve-charter

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Originally Posted by Sleeping Cobra1

I am looking for some help here. I searched the forums, as well as the internet, and cannot find any answer to this. Some are saying that the Federal Reserve Bank's charter is due to expire on December 23, 2013. Others are stating that the end date on the charter was done away with back during the Depression and that it now has an open-ended charter.

While I haven't been able to find a definitive answer to this, I tend to believe the latter. Does anyone know?
More: http://www.dailypaul.com/138304/federal-reserve-charter

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http://www.dailypaul.com/138304/federal-reserve-charter

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 http://www.law.cornell.edu/uscode/us...1----000-.html

then they need to be closed down for violation of anti trust and corporate fraud laws....

un- FREAKING - believable.

so MANY folks still slumber while the banks/banksterg get richer at the expense of our kids future.

what a sad end to this great Country.

"she spent herself to death"

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Originally Posted by Snowsquaw

then they need to be closed down for violation of anti trust and corporate fraud laws....

un- FREAKING - believable.

so MANY folks still slumber while the banks/banksterg get richer at the expense of our kids future.

what a sad end to this great Country.

"she spent herself to death"

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Hypocrisy is the status quo, dontcha know.

An incarnation of Andrew Jackson would be perfect right about now..

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Originally Posted by LongLiveBeck

http://www.dailypaul.com/138304/federal-reserve-charter

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 http://www.law.cornell.edu/uscode/us...1----000-.html

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very depressing,
the fed owns the congress and the courts
let's see how low we must go until the public says enough:shock:

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Originally Posted by jimmythebee

...let's see how low we must go until the public says enough:shock:

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It is absolutely as close to hopeless as you can get. Central banks are entrenched all around the world. A conversion to gold and silver american eagles would need to take place and since there's nowhere near enough gold and silver, to prevent a total destruction of any remaining middle class wealth inside the nation, capital controls and trade barriers would need to be enacted for a period of time. The FRN would need to circulate at a much lower value and be replaced at first inside the nation only. The creditor nations would threaten war and the petrol dollar would be toast. The nation would have to completely overhaul everthing industrial and energy reliant. Treason trials and an attempt to recover all the stolen wealth since 1913 might help but it also might not happen. The workers of the world have their backs against the wall and don't even know it. I don't believe the union of 50 states would be able to go it alone although it is the only road out. Basically, we're in big trouble, don't neglect your plan B.