Comment: Yeah, that's what they say ...

(See in situ)

Yeah, that's what they say ...

... but then again, they are LIARS, THIEVES, and experts at DIS-INFORMAITON.

Not that it's a big deal, but the original legislation said that the Federal Reserve Banks would have existence for 20 years. See below, under Section 4, near the bottom of page 4, where it says, "SECOND: To have succession for a period of twenty years ..."

That was changed in 1927 to perpetual existence for the FR banks, so that they would not have to go to Congress every 20 years for renewal (they didn't like how that turned out with Andrew Jackson).

See my post below for the link to the current statute, which replaced the above language from 20 years to unlimited.