by 14300
Sep 2

Charter of the Federal Reserve Act expires in 2013
Oh how history repeats itself!

While America Sleeps…

December 23, 1913, while most of Congress was on Christmas break a few that stayed in Washington sneaked the Federal Reserve Act by, and it was quickly signed into law before the other members of Congress could get back to Washington to do anything about it.

This Federal Reserve Act is expiring NOW – THIS YEAR 2013 in DECEMBER. 

Will the Congress sell the nation back into slavery and into the hands of the criminal banking system again?

I think we all know the answer to that one!

100 more years of slavery…

The Federal Reserve Act was enacted on the 23rd of December in the year 1913

The Federal Reserve System, a Christmas Gift that Keeps on Taking

by Szandor Blestman

Ninety nine years ago this month, the law that brought the Federal Reserve System into existence was passed. It did so at the behest of some very wealthy and very greedy men who wanted nothing less than total control of as much of the world’s total wealth that they could possibly get their hands on. These men with names like Aldrich, Rockefeller, Rothschild, Vanderlip, Kuhn, Loeb, Warburg, Morgan, Schiff, et al. wanted nothing less than total control of finances, currencies and economies worldwide. They wanted it so badly that they cared not what the majority might think, and they certainly didn’t care what the common folk at the time might think. These were the robber barons of finance in their day, and they knew the general public wouldn’t trust them or their banking schemes. It was for this reason they had to remain secretive in their plans and use every deception and political dirty trick in their arsenal to achieve their goals.

It took three years to set things up, but just before Christmas, on the 23rd of December in the year 1913, the Federal Reserve Act was enacted. It was sold to the American people as a sort of present to them, a way to stabilize the economy and prevent boom and bust cycles. What it was in actuality was a present to the wealthiest amongst us, the central bankers, and a way for them to gain control of our economy for their own benefit and to secure their power. It was a way for them to steal the real wealth of the common folk in such a way that most would never know or understand how their prosperity was being stolen.

Think about the date it was passed just for a second. It was just two days before Christmas. It was during the time when fully a third of the legislators had already gone back to their home states to spend time with their families.

I’m not completely certain about how things were back then, but in today’s world this is a time when most people are not paying attention to politics. I imagine it was the same even back then. Who wants to think about what politicians and lawmakers are doing when there are plans to be made for the big holiday?

Any law that is passed at this time of year should be suspect. Any law that is passed after elections have taken place and before the new congress critters have taken their oath of office leaves too many of the political class completely unaccountable.

As many of you may know I am not a big fan of laws and regulations. The more laws we have, the more tyranny we have, the fewer laws we have, the more freedom we have. The law should be simple, if you do harm to an individual or you damage or steal his hard earned property, you should be held accountable. If there is no victim, there is no crime. If there are to be laws and regulations to make sure that no thought crimes are committed, however, than those laws and regulations should be restricting the political class and punishing them for breeching the laws.

I think a good law would be that no legislation is to be passed during the period of time between an election and the swearing in of the new congress. That seems to be the time when the most constitution shredding, tyrannical, and controversial legislation seems to be passed.

But of course the political class and the power elite who control them don’t want to create anything that limits their power, they want to limit what the common folk can do. They want to make certain their power base is maintained and grown. They want more power, not less, and so they are going to create laws and institutions that help them to gain it. They do this by removing or hiding what little control the common folk may have over the systems and institutions where the government claims to have a monopoly and consolidating that power as much as they possibly can. They consolidate their monopoly power on the use of “legitimate” force by bypassing congressional oversight in war matters and creating laws such as The Patriot Act, The Military Commissions Act, and the most recent NDAA to set up a police state. They consolidate their monopoly on the justice system and put power in the hands of their judges by constantly harping on finding people either “guilty” or “not guilty” of crimes and refusing to inform juries of their right and duty to judge the law. And so it was that they consolidated their monopoly on currency creation and removed power from the hands of the common folks back in 1913 by passing The Federal Reserve Act.

Before the creation of the quasi private, quasi public Federal Reserve the power to coin money was solely vested in the US House of Representatives and money was based on silver and gold. It took the promise of the gift of stable prices and maximum employment through “elastic” currency to “sell” the American people on this central banking scheme. These promises, of course, have been broken time and again, and we are currently experiencing the latest downturn in the economy and the most massive unemployment in decades as a result of this ill conceived creation of the powerful financial interests. As history has shown, this institution does not give anything to the common folk, it takes everything from them.

It takes wealth. It does so by creating debt in the form of “easy” credit. This credit comes in the form of fractional reserves which more or less guarantees that there will never be enough currency to pay back everything that is owed. In this way, the banks are set up to own anything real that a borrower possesses for a little bit of paper, or in modern days some ones and zeroes in some digital data bank somewhere. The central banks and their financial sector partners have a tendency to horde commodities of real value such as precious metals, land, etc. while issuing their debt paper to an unsuspecting public.

It takes lives. One of the first things that happened after the creation of the Federal Reserve was World War I. There is a school of thought out there that this would not have happened had the Federal Reserve not been created, or at least America would not have become involved. The “elastic” nature of the new American currency made it possible to pay for the war on the backs of future generations, otherwise the rise in taxes would have created political pressure to avoid war.

World War I was supposed to be the war to end all wars. Instead most of the wars fought in the 20th century stem from World War I. Who is it that constantly benefits from such destruction? Who is it that profits from such suffering? The military industrial complex that we were warned about, and those that finance them even more so.

The Federal Reserve takes away value. It keeps pumping more and more money into the system, creating it like the money itself is the wealth and not just a token of exchange. The more money that is available, the greater the supply, the less it is worth. Those at the top, the power elite, can spend it while its buying power is still high, but those at the bottom, the common folk, receive the money after its value has decreased. That is what inflation is really about. That is why the costs of necessities are rising. And now your federal government needs to tax you even more so that they too can maintain their spending addictions.

The Federal Reserve System takes our freedom. It takes away our independence. It profits off debt. For every dollar it loans out it expects to take back ten. It creates a debtor nation and then makes the citizenry beholden to it for economic survival. It makes the nation dependent on its currency and credit like a junkie is dependent on a drug. It takes away the political will of the people by creating the fear that we will not be able to get our fix should the currency supplier be held accountable.

The cycle can be broken. First, more people need to be educated as to the origin of the Federal Reserve as well as how other central banks operate. A full audit of the Federal Reserve needs to take place and all moneys accounted for. Secrecy must be stopped and transparency demanded. The people of the United States deserve to know where all their money, all their wealth is being spent, and why more of it isn’t being saved to ensure prosperity for future generations. Finally, a way needs to be found to make the system accountable. No one should have such awesome power as a monopoly on currency creation enables. Strike at the source of the corruption, and we will begin to create a more honest and principled world for all to live in.

Nearly a hundred years ago, the Wilsonian progressives helped the moneyed elite sell the American public on a gift that to this day continues to keep on taking. Even Wilson himself realized he made a mistake when in later years he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”

Today the so called progressives want to continue to raise taxes. They want to keep the burden on the common folk. They want to treat symptoms rather than remove the cancer and cure the disease. They talk about those making over $250,000 a year as if they are the wealthy while bailing out those worth $250 billion. They want to steal from those who have become successful through industrious hard work while ignoring those who have made trillions through fraudulent and questionable means. That is not progress, it is tyranny against those who should be lauded for their hard work and successful endeavors. If you want progress, start by tearing down the stale old institutions that have been proven failures. Such an institution is the Federal Reserve. We have already given it too much and still it wants to take more.

If you enjoy my writings, please visit to make a donation. I have recently collected all my Ron Paul opinion editorials and put them in an ebook entitled, “Ron Paul’s Wisdom, A Layman’s Perspective” available at and other fine ebook outlets.

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  1. Pingback: Toronto City Life » What’s to be done

  2. Emerald says:

    From senator Sander’s website:
    “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

    Factual evidence:

    More sources looking at the FED, its charter and conditions for expiration or until
    dissolved by Act of Congress or until forfeiture of franchise for violation of law.

    A thread from David Icke’s Forum clears some misconceptions about the time limit of the FED’s charter:

    “Ok, I have spent a few mind numbing hours reading up on this and think I have everything pretty much figured out. First of all I can verify, through independent research and reading of original Acts, that the information on the following webpage is pretty clear, correct and sums everything up nicely. I stumbled on it after googling around a bit. Just scroll down about halfway down the page to the section titled ‘National Bank Note Chronology’ for the relevant text:…rticleId=16397

    The Federal Reserve national bank system was established on 23rd December 1913:

    As stated in the first article, the National Bank Act of 1864 gave national banks 20 year charters. The Federal Reserve system would have been bound by this Act when established in 1913:

    These 20 year national bank charters were extended, 2 years earlier than was necessary the first time, for a further 20 years in 1882 and again in 1902. Then, in 1922 the charters were extended for 99 years. This is where the myth of the Federal Reserve charter expiring in 2012 comes from. See the following for the original text:…art_1.djvu/795

    However, just 5 years later in 1927 the McFadden Act, among many other things, removed all time limits from the charters:

    See the following for the original text, but be warned that it is a 130MB download:…s_at_large.pdf

    The relevant text is on page 1264 under Section 2. (a). I couldn’t find the original Act online on its own so had to resort to a source which contained many Acts lumped together. If someone can find a link to just that specific Act, then please post it. Even if the McFadden Act hadn’t revised the 99 year charter of the 1922 Act the Federal Reserve still wouldn’t have been up for renewal until 2021 anyway, as organisations were only affected from the date of legislation.

    Remember, the Federal Reserve, as a system, was already bound to a 20 year charter by the National Bank Act of 1864 when it was established in 1913. However, there was also a 20 year provision for member banks of the Federal Reserve system in the original Federal Reserve Act. See page 4, paragraph 4, subsection 2:…LH-PL63-43.pdf

    The purpose of this legislation, in my opinion, was simply to give the member banks of the Federal Reserve system the maximum charter legally available. Curiously, as folded banks could have been replaced by new banks with new 20 year charters at any time in theory, a situation could have arisen where a Federal Reserve bank could have been given a new 20 year charter only to see the Federal Reserve system lose its charter soon after. I guess it would have just lost power and status. At least that’s how I understand it.

    As the Federal Reserve system had now been granted indefinite status in 1927, one might not think there was any real need to amend the terms relating to the charters of Federal Reserve member banks in the Federal Reserve Act. However, just to tie up any loose ends the charters of Federal Reserve member banks were also made indefinite in the McFadden Act of 1927. The relevant text is in the link previously provided on page 1272 under section 18. I just want to understand everything properly. If anyone thinks I have got something wrong, or wants to debate something, then please let me know!

    So, why are all these myths and half truths circulating on the internet then? Perhaps some people just want to draw attention to the Federal Reserve, with everyone just jumping on the bandwagon willy nilly, and that isn’t a terrible thing. Personally, I don’t like this reliance on falsehoods though. Who cares if they have a 1000 year charter? Who cares what the law says? Is everyone going to go home when it’s widely established that the Federal Reserve doesn’t have a 100 year charter? Don’t forget Section 30 of the Federal Reserve Act:

    ‘The right to amend, alter or repeal this Act is hereby expressly reserved.’

    It’s not too far off the truth and it doesn’t even need to be written down. The real truth is the majority of the people are the law and they have the right to amend, alter or repeal any Act they like, when they like and as they like, if only they realise their power and understand everything properly. No reservation needed for the right to do so either! The Federal Reserve system, charter or no charter, is evil and has to go. Simple as that.


    Regarding the Bank Act and the Logan Act the USG remains powerless to enforce its own laws, only an awakened self-governed humanity can change its own future.

  3. ARP says:

    Scratch my math on my last reply. It did end on Dec 13, 2013.

  4. Pingback: BrianKelly’sBlog – The Federal Reserve Act Is Expiring – This December 23, 2013 – 23 December 2013 | Lucas 2012 Infos

  5. Nobody Special says:

    I am no expert on the Federal Reserve; but, it is my understanding that the Federal Reserve can only be terminated by Congress or by proof that it has violated the law of the United States. I believe that an audit of the Federal Reserve has not been allowed because the audit would provide proof of criminal activity, hence, the grounds to repeal the Fed’s ‘charter’… good luck finding judges at each stage of the proceedings (state/appellate/federal/appellate/Supreme Court) who would rule against TPTB. We see how well the process has worked relative to the birth certificate issue (ie: Americans have “no standing” to demand redress for the fraud perpetrated upon them individually, as voters in a federal election, or as a collective. “No standing”?! Really?). The courts are every bit as much bought-and-paid-for as Congress. Efforts to end the Federal Reserve because of criminal activity would, likely, meet the same stone wall as the “birther” issue, and Congress, fearful of its own complicity/greed/corruption being brought to light, will never act to repeal the charter.

  6. Pingback: THE FEDERAL RESERVE ACT IS EXPIRING – THIS DECEMBER 23, 2013 | peoples trust toronto

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