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The original Federal Reserve Act only provided for a 20 year charter of the bank.

The year 1933 was the end of the charter. In order to save the bank from being dissolved, FDR confiscated all of the gold (lawful money).

Get it, now? With "we the people" no longer having access to gold as "lawful money", the best alternative is the elastic currency of the Federal Reserve, thus extending the Fed beyond its 20 years.

The "Nanny" state can not exist without an elastic currency.
It goes one level deeper.

Look at the first sentence of the Fed Act attached. It was not so much to save the Fed banks themselves as the people who had Fed notes knew with the charters running out, with elastic currency there were far more notes than gold to be had - stellionation. It was to avoid a race to the Fed bank to redeem gold and gold certificates - a bank run.

Like I point out in my videos the Emergency was lifted in the '70s but the stipulation that the President or the Secretary can declare a Bankers' Holiday anytime is awaiting what we are up to - the people clawing through the disguise.