- Some people believe that the Federal Reserve's charter
will expire in 2012, coinciding with the Mayan calendar. This is
false, according to this newspaper article that says the original Federal
Reserve bank charter was scheduled to expire 20 years after the organization
of the bank. But the banksters were bitten in their rears by limited charters
with the 2 prior central banks, so there is no way they would have left
themselves vulnerable again.
-
- Federal Reserve banks were given perpetual charters with
the Pepper-McFadden Bill of 1927, with a vote of 71 to 17. It was passed
years ahead of the charter expiry date in 1934. There were reports of
inappropriate lobbying by bankers who may have spent $100,000 for undue
influence. An investigation was proposed.
-
- According this document from Cornell University Law School,
the Federal Reserve banks may be abolished by an Act of Congress -OR- "until
forfeiture of franchise for violation of law".
- (http://www.law.cornell.edu/uscode/uscode12/usc_sec_12_00000341----000-.html)
-
- Without a full audit, how can we prove a violation of
the law?
-
- Another problem remains. It is clear that the economic
meltdown was engineered. If the Federal Reserve System is dissolved, what's
next?
-
- There is evidence that shows globalist support for a
one world currency under the United Nations. The UN's International Monetary
fund (IMF) does not have a specific currency, but does have a reserve of
assets called Special Drawing Rights (SDRs) which are a claim to currency
that can only be exchanged for Euros, Japanese yen, UK pounds, or US dollars,
which strengthens these currencies as they are the standard for foreign
exchange. They are all fiat currencies.
-
- Another bad solution is public banking or "greenbacks".
This model supports the government creating debt-free money. The problem
is that the government is no less corrupt than bankers. And the fiat money
is created out of thin air. This means that eventually inflation will
result.
-
- The only real solution is asset backed money to replace
the wild excesses of fiat and fractional reserve systems. Gold and silver
are the traditional units of exchange that have held value for thousands
of years. Because labor is required to extract precious metals, it retains
its worth as opposed to increasing the money supply through typing numbers
into a computer (like our current system). Paper receipts (money) that
is redeemable upon demand for gold and silver is equal to using gold and
silver in this system.
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