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Message Subject The FED's 99 Year Charter Ends on 12/21/2012, How Come No One Is Talking About This???
Poster Handle Saddletramp
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The "Twenty" year charters I've heard banty'd about today comes from (Sec. 4 of the Federal Reserve Act) and prescribe that the individual Federal Reserve Banks, (ie. Federal Reserve Bank of New York, Federal Reserve Bank of Chicago, etc) have a Charter term of twenty years that can be renewed by the Federal Reserve Board of Governors...

The Main Body Federal Reserve had no specific Charter limit imposed when the act was passed, meaning Legal Precedent should be in effect, and the Maximum Term of a Leasehold (which is what a charter is) is 99 years...The Act was admitted to the Congressional Record on December 20, 1913, and signed into law on December 23, 1913 by Woodrow Wilson...

THOSE ARE THE INDISPUTABLE FACTS ABOUT THIS ORGANIZATION...

However, I can find no sunset clause, meaning the ratification by 2/3 of the states would be to change the constitution to allow a Central Bank, which really should have been done in the first place since the United States Treasury and Comptroller of the Currency are the ones who are supposed to issue all United States Currency according to the Constitution...must be why these are called "Federal Reserve Notes" rather than "United States Currency", to circumvent the United States Constitution...

Because the Fed is a privately owned banking corporation, I still believe the 99 year Charter limitation applies, but I would bet someone will have to take this to Court to test it...
 
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