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The US debt clock says US Treasury Dollar instead of Federal Reserve now. (media.greatawakening.win) 🧐 Research Wanted 🤔

posted 1 year ago by dudehat 1 year ago by dudehat +254 / -0

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– schiff_for_brains 5 points 1 year ago +5 / -0

Was the Feds charter actually renewed? I thought it expired but could never find mention of it being renewed.

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– Slyver 2 points 1 year ago +2 / -0

According to the fed.gov:

The Federal Reserve Act of 1913--which established the Federal Reserve as the central bank of the United States--originally chartered the Federal Reserve Banks for 20 years. But in the McFadden Act of 1927, the Congress rechartered the Federal Reserve Banks into perpetuity, and so there is currently no "expiration date" or repeal date for the Federal Reserve.

I have no reason to doubt the veracity of this, but I haven't looked into the Act itself to corroborate the statement.

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