Federal Reserve Act
83
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62
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Search complete. 83 mentions across 62 episodes found for "Federal Reserve Act".
Nov 7, 2026
Patrick ChanelPANELIST
See, the Republican Party, for as bad as it was, and what Donald Trump actually tapped into was the America First aspect of it.
Patrick ChanelPANELIST
And that was, you know, the Republicans were the party of Limburg, Charles Limburg, back in 1913 when he went against the Federal Reserve Act.
Patrick ChanelPANELIST
You know, I'm talking about Limburg Sr., the father of the aviator, was against the Federal Reserve Act.
Patrick ChanelPANELIST
He was the main vocal voice in Congress then.
Patrick ChanelPANELIST
against the federal reserve and the amount of power that it gave the bankers the money power as he called it was just astronomical and he was what you would call they called them at the time you had the oligarchic republicans which were just like the mainstream party and then you had what were called insurgent republicans which was what he was part of and he had a lot of things that he agreed with with the socialist parties like banking I don't know if you know this, but in North Dakota, they have their own state-run bank.
Truman ValeHOST
We checked this claim yesterday, and it didn't hold.
Truman ValeHOST
The Federal Reserve Act doesn't contain a charter that sunsets on a calendar countdown.
Truman ValeHOST
The Fed's authority is statutory, and Congress would have to repeal the law to shut it down.
Truman ValeHOST
As of this morning, the Fed's operations continue and there's been no announcement of dissolution.
Eric WolinHOST
It has been.
Eric WolinHOST
since 1913 when we passed the Federal Reserve Act, I mean, it doesn't have any money.
Eric WolinHOST
And the only faith people have is in the military and the guys with guns that'll come in and arrest you if you don't pay your taxes.
Eric WolinHOST
But you might wonder, how did I get off on this tangent about where money comes from? Well, it's quite simple.
Eric WolinHOST
It has been.
Eric WolinHOST
since 1913 when we passed the Federal Reserve Act, I mean, it doesn't have any money.
Eric WolinHOST
And the only faith people have is in the military and the guys with guns that'll come in and arrest you if you don't pay your taxes.
Eric WolinHOST
But you might wonder, how did I get off on this tangent about where money comes from? Well, it's quite simple.
CannConHOST
But that part of the story must wait for another chapter.
CannConHOST
The technician who actually drafted the final version of the Federal Reserve Act was H. Parker Willis.
CannConHOST
After the system was created, he was appointed as first secretary of the Board of Governors.
CannConHOST
By 1929, he had become disillusioned with the cartel.
Jon HeroldHOST
Um, Where was I? Bill Pulte referred last year claiming she committed mortgage fraud.
Jon HeroldHOST
Lower courts ruled that the Federal Reserve Act's for-cause provision is best interpreted to cover actions conducted while on the board and could not be removed.
Jon HeroldHOST
So courts intervened.
Jon HeroldHOST
The Supreme Court ruled in June that the administration had not shown it was likely to prevail on the merits of the case.
Truman ValeHOST
Here's the truth.
Truman ValeHOST
The Federal Reserve Act of 1913 does not contain a charter with a 113-year countdown that sunsets in November 2026.
Truman ValeHOST
The Fed's legal authority comes from ongoing statutory law.
Truman ValeHOST
Congress could abolish it by repealing that law, but it doesn't expire on a calendar date.
Paul McGuireHOST
Let me just give
Paul McGuireHOST
you an idea of what the reaction was to this Federal Reserve system back then in 1813 and 1814 with the passage of the Federal Reserve Act.
Paul McGuireHOST
We have Congressman Lewis T. McFadden, a Republican from Pennsylvania.
Paul McGuireHOST
And at that time, he was president of the First National Bank.
Paul McGuireHOST
And this is what he said regarding
Paul McGuireHOST
the Federal Reserve Act.
Paul McGuireHOST
It was a warning.
Paul McGuireHOST
Quote,
Truman ValeHOST
Here's what's true.
Truman ValeHOST
The original Federal Reserve Act was signed in 1913.
Truman ValeHOST
That part's accurate.
Truman ValeHOST
Here's what's not.
William CooperHOST
And in light of the second question, we can conclude that federal government is exercising a power which is not enumerated in the Constitution and our respective state governments are accommodating the usurpation of power.
William CooperHOST
Obviously, the Federal Reserve Act of 1913 was patently unconstitutional.
William CooperHOST
At least it was if it applied to unions.
William CooperHOST
but it might not be if it applied to United States government itself and territories and insular possessions of the United States.
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