Tuesday, August 20, 2013

The Federal Reserve’s non-existent 99-year charter

Subject: Fw: FED Non-Existent 99-yr Charter
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The Federal Reserve’s non-existent 99-year charter

April 21, 2012 by FauxCapitalist
In 1935, Cret designed the Seal of the Board o...
The claim that the Federal Reserve was given a 99-year charter set to expire in 2012
isn’t the only myth surrounding its creation.
There is also the myth that the Federal Reserve Act was passed during the Christmas
break when most members of Congress were away. That isn’t true, and there is the official
record showing the final vote in the Senate was 54-32 on December 18, 1913.
According to Section 4, part 2 of the Federal Reserve Act, 1913, it says of each of the
12 privately owned Federal Reserve Banks:
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.“
Since the Federal Reserve Board’s site shows that all 12 original Federal Reserve Banks are
still in operation, their 20-year charter must have been extended.
A 20-year charter was also granted to the First and Second Banks of the United States, and
both had their charter terminated. Yes, there was a time when privately owned central banks
had time-limited charters, and for good reason, due to the havoc they caused.
12 U.S.C. § 341 : US Code – Section 341: General enumeration of powers shows:
Second. To have succession after February 25, 1927, until dissolved by Act of Congress
or until forfeiture of franchise for violation of law.“
Again, since the Federal Reserve Board’s site shows that shows that all 12 original Federal Reserve
Banks are still in operation, this provision was either changed with some other time limit, or was
never changed.
In fact, it was never changed, and, therefore, their charter doesn’t expire in 2012, and
there was never a 99-year charter for the Federal Reserve.


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7 comments:

Dan said...

So is it true that NO State can REVOKE the Charter of the Federal Reserve unless approved of by the Federal Reserve Board?
Therefore the Federal Reserve can continue to commit numerous felonies and make a profit only for themselves and the Rothschilds?

Dan said...

So when was the US Constitution changed to include a private corporation to be printing currency, then to have the backing of Gold removed, and then next to have the paperless society with interest on the use of the card itself?
US Constitution
Article 1 - The Legislative Branch
Section 8 - Powers of Congress
The Congress shall have Power...
To coin Money, regulate the Value thereof,...

Anonymous said...

There never was a 99 year charter. Just like the FRA shows they were given 20 years which would have expired in 1933. But in 1927 Congress amended the 1913 FRA pertaining to this 20 year section amending it to indefinite unless abolished by Congress. So until Congress actually abolishes the Fed they remain enforce forever.

Dan said...

So the unlawful Corporation Congress which voted in the Federal Reserve Act was the Congress that was established by the Act of 1871, which made THE UNITED STATES a corporation, which is Unconstitutional!
Yet the Federal Reserve Act supersedes any law that is in place for its removal?

Anonymous said...

so there is no truth in this matter in the Eustace Mullins book Secrets of the Federal Reserve, who also happened to live at the library of congress-for a time, who poured over the congressional records, who claimed much different info than presented here regarding the Christmas break passage, whose act's passage also basically closed many of the western us banks, at least greatly reducing their powers of those not closed...hmmm-who do i believe here...i guess i'll believe faux capitalist...not

Anonymous said...

According to NewsFocus.org Op-Ed by Tim Watts back in December 2012, it may have an indefinite charter timeframe. However it may have violated the law which would revoke the charter it said. "What the Sanders Report found out was that the Fed secretly and illegally gave out $16-trillion in zero interest loans to the largest banks and corporations, for which the Fed says US taxpayers are now on the hook for."

Yet we see not much has come of that $16-trillion dollar question.

Anonymous said...

Read very carefully its over if people cannot accept the new soul coding into there DNA then there mind will become that of a Neanderthal thats rite our minds have been operating off the lower 3 chakras and the global brain/magneto sphere. The global brain/magmetosphere is ascending transforming to chakra levels 4,5 and 6 the soul self who ever doesn't do the same will become a Neanderthal mind/stupid. I'm sure most of the evil cabal will not code and become neaderthals