ACCORDING TO THE LAW
This "special act" by Congress in 1913 is in direct violation of 16 Corpus Juris Secundum, Section 141, which states that Congress cannot delegate or sign over its authority to any individual, corporation or foreign nations. Yet that's exactly what occurred in December of 1913 by a select group of individuals in the U.S. Congress. That "special act" has become the biggest fraud in the history of this country.
William P.G. Harding, Governor of the Federal Reserve Board stated in a speech delivered before the Washington Chamber of commerce in 1921:
From a legal standpoint these banks are private corporations, organized under a special act of Congress, namely, the Federal Reserve Act. They are not in the strict sense of the word Government banks.
