travelers

Earlier I mentioned a Congressman who lived during the 1930’s who understood
the threat the Federal Reserve and its private ownership posed to the American
people.

We’re talking about Congressman Louis T. McFadden. The following excerpts come
from a booklet called Congressman Louis T. McFadden on the Federal Reserve
Corporation: Remarks in Congress, 1934.

It is a merger of two different speeches, one in 1932 and another, given after
FDR became president. It was released by The Forum Publishing Company of Boston,
Massachusetts.

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against
the Board of Governors of the Federal Reserve Bank system, The Comptroller of
the Currency and the Secretary of United States Treasury for numerous criminal
acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND
TREASON.

Obviously, his charges have yet to be acted upon.

McFadden served as Chairman of the Banking and Currency Committee, so the man
knew what he was talking about here.

If you have any doubts that the Fed is really owned by private, FOREIGN bankers,
allow a man who lived through this travesty tell you what we’ve been telling
you…

“Mr. Chairman, we have in this Country one of the most corrupt institutions the
world has ever known. I refer to the Federal Reserve Board and the Federal
Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of
these United States and the people of the United States out of enough money to
pay the Nation’s debt. The depredations and iniquities of the Fed has cost
enough money to pay the National debt several times over.

This evil institution has impoverished and ruined the people of these United
States, has bankrupted itself, and has practically bankrupted our Government. It
has done this through the defects of the law under which it operates, through
the maladministration of that law by the Fed and through the corrupt practices
of the moneyed vultures who control it.

Some people think that the Federal Reserve Banks are United States Government
institutions. They are private monopolies which prey upon the people of these
United States for the benefit of themselves and their foreign customers; foreign
and domestic speculators and swindlers; and rich and predatory money lenders.

In that dark crew of financial pirates there are those who would cut a man’s
throat to get a dollar out of his pocket; there are those who send money into
states to buy votes to control our legislatures; there are those who maintain
International propaganda for the purpose of deceiving us into granting of new
concessions which will permit them to cover up their past misdeeds and set again
in motion their gigantic train of crime.

These twelve private credit monopolies were deceitfully and disloyally foisted
upon this Country by the bankers who came here from Europe and repaid us our
hospitality by undermining our American institutions. Those bankers took money
out of this Country to finance Japan in a war against Russia. They created a
reign of terror in Russia with our money in order to help that war along.

They instigated the separate peace between Germany and Russia, and thus drove a
wedge between the allies in World War I. They financed Trotsky’s passage from
New York to Russia so that he might assist in the destruction of the Russian
Empire.

They fomented and instigated the Russian Revolution, and placed a large fund of
American dollars at Trotsky’s disposal in one of their branch banks in Sweden so
that through him Russian homes might be thoroughly broken up and Russian
children flung far and wide from their natural protectors.

They have since begun [the] breaking up of American homes and the dispersal of
American children. Mr. Chairman, there should be no partisanship in matters
concerning banking and currency affairs in this Country, and I do not speak with
any.

In 1912 the National Monetary Association, under the chairmanship of the late
Senator Nelson W. Aldrich, made a report and presented a vicious bill called the
National Reserve Association bill. This bill is usually spoken of as the Aldrich
bill.

Senator Aldrich did not write the Aldrich bill. He was the tool, if not the
accomplice, of the European bankers who for nearly twenty years had been
scheming to set up a central bank in this Country and who in 1912 had spent and
were continuing to spend vast sums of money to accomplish their purpose.

We were opposed to the Aldrich plan for a central bank. The men who rule the
Democratic Party then promised the people that if they were returned to power
there would be no central bank established here while they held the reigns of
government.

Thirteen months later that promise was broken, and the Wilson administration,
under the tutelage of those sinister Wall Street figures who stood behind
Colonel House, established here in our free Country the worm-eaten monarchical
institution of the ‘King’s Bank’ to control us from the top downward, and from
the cradle to the grave.

The Federal Reserve Bank destroyed our old and characteristic way of doing
business. It discriminated against our One-Name commercial paper, the finest in
the world, and it set up the antiquated Two-Name paper, which is the present
curse of this Country and which wrecked every country which has ever given it
scope; it fastened down upon the Country the very tyranny from which the framers
of the Constitution sought to save us.”

Wow! You never read that in one of your ‘doctored up’ history books, did you?

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