Here's an important clip from one of Bill Still's - The Money Masters - videos:
In this interview, Larry Bates - veteran newsman, economist, and best selling author is a former Legislator and Bank CEO - said:
"The Federal Reserve is neither Federal and has doubtful reserves. It’s a private bank that is owned by member banks. It was chartered under the guise of deceit by an act of Congress in 1913. December the 23rd 1913 when most members of the Congress had gone home for the holidays, the House of Representatives had passed the Federal Reserve Act of 1913, but it was having difficulty in getting out of the Senate. And most people had gone home. But, one of the things that I used to make sure and check is when we had a recess in legislative circles….you want to make sure you adjourn what is called “sini die” – “without a day” . The Senate had not adjourned what is called "sini die" - without day - it was still technically in session. So you had three members of the Senate, according to the Senate journal, were present on that day, December 23rd 1913, and they passed the Federal Reserve Act in the Senate on a unanimous consent voice vote. There was no objection. Had there been one person there to object and say and contest and absence of a quorum then it would not have passed."
