Federal Reserve charter is up for renewal in 2013
 

Mentioned briefly in this vid............



http://www.youtube.com/watch?v=jF9uB9JCSgY&

There is no charter.

I posted this a while ago in response a comment Osoab made in this thread: http://gold-silver.us/forum/showthre...102#post515102

Common misconception Osoab. There hasn't been a charter since 1927. It's been extended indefinitely.

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/ht...1----000-.html

dang............

Perpetuities do not exist in law with the exception of charitable trusts. The Articles of Confederation and the U.S. constitution are examples of charitable trusts.

The only way the Federal Reserve could be granted an unlimited charter is if they don't plan on making money.

The existence of the IRS proves that they plan on making money.