56 votes

After 100 years of tyrany let's all curse Woodrow Wilson's name and revile him as he deserves.

On October 4th, amid much frenzied activity in our nation's capitol, the Charter legally entitling The Federal Reserve system expired.

It was to last 100 years and not one day more.

Yes, technically, by their own charter, The Federal Reserve Bank has no more authority and no more job as regards our economy or the issuance of our currency.

And while I have no doubt it's continuance on Monday will be attributed to any number of bull-crap laws passed by sleeping legislators more intent in hot and cold running interns than running a nation, the fact is this sham should be done. EFFECTIVE YESTERDAY.

While we might derive more positive means of action, this weekend I invite you to curse the name, heritage, ancestors to and progeny of Woodrow Wilson, to revile him, to pee on his grave if located. And to generally throw his name down into the mud where we might keep it for another 100 years.

WOODROW WILSON YOU ARE AN ETERNAL MEASURE OF SCUM ON THIS EARTH.

AND SLAVERY IS YOUR LEGACY.

JERK.



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WRONG!!!!!!!!!!!!!

The Federal Reserve Charter has been extended indefinitely. See 12 USC 341

Upon the filing of the organization certificate with the Comptroller of the Currency a Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power—
First. To adopt and use a corporate seal.
Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.

http://www.law.cornell.edu/uscode/text/12/341

I'm still baffled that people still think that the FED has a 99 year charter.

The original Act of 1913 allowed exit after 20 years.

If a member goes bankrupt the assets are turned over the the Treasury. Is that correct?

Free includes debt-free!

Yep

Just like previous central bank charters it was a 20 year "trial period" basically. Then after that it was turned into a Public Trust so that it could continue indefinitely.

Also, I believe you are correct in that statement that if a member goes bankrupt that they bankrupt entities assets are handed over to the Treasury.

Back in the day ...

... corporations were not legally recognized in all jurisdictions, but trusts were (everywhere that the English Common Law was adopted).

So, the early banks were formed as trusts (not "public trusts," but actual trusts). As a side note, this is also where the term "trust-busting" came from. Rockefeller's Standard Oil Company was a series of trusts, not corporations, and the government was busting up the "monopoly" of these trusts.

The American system adopted English Common Law, including the Rule Against Perpetuities regarding trusts.

The Rule Against Perpetuities stated that a trust could only exist for "lives in being plus 21 years." Since a trust designed to be operated as a business did not really have lives in being (i.e. beneficiaries who were real live humans), they always limited their duration to less than 21 years, or 20 years for a nice, round number.

The first Bank of the United States was formed in 1791, with a 20-year charter. It expired in 1811, and we then had the War of 1812.

The second Bank of the United States was formed in 1817, and it also had a 20-year charter, which expired in 1937. Andrew Jackson refused to renew it, and ultimately that trust was re-organized as a corporation and liquidated in 1841.

The Federal Reserve banks were formed in 1913, with once again 20-year terms. This term expired in 1933, which is related to FDR's confiscation of gold in March 1933 as his very first act as president.

By 1927, the states had come to recognize corporations. Since the FR banks were going to have their trust terms expire in 1933, and they did not know who the president would be, and they did not want another "Andrew Jackson problem," they all reorganized as corporations, which have perpetual existence. (BTW: I think this is why Andrew Jackson is on the $20 Federal Reserve Note -- it is an inside joke, a big "F&CK YOU.")

Although the federal reserve banks are privately-owned, the Federal Reserve Board of Governors is an advisory panel that has *some* government oversight (the Chairman is appointed by government). But they vote and majority rules. It is this panel that really runs the system. This is why they can get away with claiming it is "public" (because of the Board of Governors) when in fact it is run to benefit and enrich a few private individuals, not the general public, as the banks themselves are privately owned and not open to public audit.

https://en.wikipedia.org/wiki/First_Bank_of_the_United_States

https://en.wikipedia.org/wiki/Second_bank_of_the_united_states

His effigy could be imprisoned next to this criminal's.

Lincoln Memorial
http://en.wikipedia.org/wiki/Lincoln_Memorial

Free includes debt-free!

About 3 years ago, I brought up the issue of their contract

length to a buddy who is very active in these matters. At the time, I said it was to expire on 12/23/2012 because it was passed 99 years earlier and back then the longest legal contract was 99 years.

He investigated and reported back that the Fed themselves had responded to him that at some point since, Congress had extended it indefinitely. Right now, I can't remember when that was done but he did mention it.

I used to think that the Fed's contract ending could be the catalyst for quite a disruptive 12/21/2012, since the 23rd was on a Sunday and people would go nuts on this the Friday before. Maybe they'll go nuts now or maybe they'll be too busy watching American Idol.

I remember that

And was keeping track of it, I think they actually renewed it within a day or so just before it expired. So for them to do this it was definitely an issue for them.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Nope

They changed the charter to a Public Trust long before any of us were even born.

See my above post, or read it yourself here:

http://www.law.cornell.edu/uscode/text/12/341

I stand corrected

I do seem to remember them passing something about it though just before it was to expire. I think someone here posted it when it happened. But I stand corrected and here is another link to support your statement right from the horse's mouth:

http://www.federalreserve.gov/faqs/is-the-federal-reserve-ac...

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Correct... :-/

I came across that passage in my search for redeeming lawful money. That is the true way to banish the fed. I do whatever I can to limit my exposure to unredeemed federal reserve notes. I'm now looking into revoking my voluntary consent to the SSA which should free up my earnings even more. Only way to get ahead anymore is to remove the parasite from sucking the life out of you.

If this is true, then you

If this is true, then you have taught me a bit of history, and i thankyou for it

If this is true, then it puts the debt in a new light, if folks up there in bullshit mountain, wanted a a way to keep the federal reserve while explaining their ignoring of their given promises, im not saying it is, im just saying, governments seem to have a love affair with coincedences........the national/international negative "drama" alone deserves their dismantle, affecting not just their lives, as it should, but the involuntarilly affecting of other peoples lives.......it is arrogance beyond the highest degree, and they have permeated our societies