Comment: Ive been wondering too...

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Ive been wondering too...

There has been some previous discussion in the past:
http://www.dailypaul.com/138304/federal-reserve-charter
and here:
http://www.dailypaul.com/227412/government-preparing-for-the...

Maybe this will help you. The DP search bar is very handy.

There is controversy as to whether this whole 100 yr charter is for real. I copied the following comment from the first link:

Submitted by rben on Fri, 07/22/2011 - 11:03. Permalink

I think I found the answer on the 100 year FED charter question.

Look at: https://www.kitcomm.com/showthread.php?t=85432&page=6

Post #54 says the following:

To put this discussion to rest.

The original Federal Reserve Act of 1913 did indeed provide for expiration of the corporate "power" of the twelve Federal Reserve Banks to exist in 20 years from the banks' organization (not the adoption of the Act).

Sec. 4 ... the said Federal reserve bank shall become a body corporate and as such ... shall have power: ... Second. 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. Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221).

However, this 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

This is where it stands today. Each of the U.S. Federal Reserve Banks can only be dissolved by an act of Congress or "forfeiture of franchise for violation of law."

So it looks like the FED got a 20 year charter on 23 dec. 1913 and on 25 feb. 1927, this was changed to perpetual..

The URL of Cornell looks very original.

So the charter is perpetual, or there must be some other change after 1927.

Only an act of Congress can end the FED.

Regards,

Rene Bense