The Federal ReserveSubmitted by TommyPaine on Sat, 02/16/2013 - 18:11
Ah, yes ... The Federal Reserve.
Got your attention, yet? (lol)
I remember hearing some time in the past about the FR having a 100-year charter that started in 1913, which would mean it expires this year.
But then, I read something awhile back that said the FR only had a 20-year charter originally. Didn't really think much of it, until I ran into that claim again. And 2+2 started to equal 4.
First off, the first attempt at a central bank had a 20-year charter. It was founded in 1791, and expired in 1811. (Madison was President in 1811.)
The next attempt was in 1816 for guess how long ... 20 years. It expired in 1836. Jackson helped kill it.
So, it stands to reason that they would have gone for 20 years again in 1913.
If they did, then that means it would have expired in 1933 -- the same year that FDR stole the gold!
Some say that that the two are related events.
But not only that, I ran across a website that claims that the FR charter was NEVER RENEWED.
Don't know anything about this website, but maybe others here can elaborate on what they know.
Here's the site: