1913: The Beginning of the End of the American Republic

Here is a copy of Congressman Louis T. McFadden's (Pa.), (1934) remarks to Congress on the establishment of the Federal Reserve. He discusses with the passion of a true patriot the inherent dangers/cost to the security of our nation and the truth behind its creation. In order to understand why our country has found itself in such dire economic straits (something the mainstream media will not honestly discuss), and what truly drives our foreign policy, this is a must read. The implementation of the Federal Reserve Act was a hostile takeover of the American Republic by international banking interests hostile to the well-being and prosperity of the United States of America. Read it for yourself and then you be the judge.

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.
The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has
YET TO BE ACTED ON.
So, this ELECTRONIC BOOKLET should be reprinted, reposted,
set up on web pages and circulated far and wide.
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Congressman McFadden
on the Federal Reserve Corporation
Remarks in Congress, 1934
AN ASTOUNDING EXPOSURE
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Reprinted by permission 1978 Arizona Caucus Club

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Congressman McFadden's Speech


On the Federal Reserve Corporation
Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry.

The Federal Reserve-A Corrupt Institution

"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 who think that the Federal Reserve Banks 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 lender. 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. 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 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 has 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 1-name commercial paper, the finest in the world, and it set up the antiquated 2-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 sough to save us.

The rest:
www.conspiracyarchive.com...

The hyper link isn't working. Sorry.

[Edited on 19-09-2003 by EastCoastKid]

I love how this thing deletes my comments.. Wonder why? This is where we're at now.. The financial collapse of the middle class is nearly complete. The United States is gonna be in for one hell of a rough ride when that occurs. Here are remarks from Independenet Bernie Sanders:

The Collapse of the Middle Class

by Representative Bernie Sanders (VT)

THE CORPORATE MEDIA doesn't talk about it much, but the United States is rapidly on its way to becoming three separate nations. First, there are a small number of incredibly wealthy people who own and control more and more of our country. Second, there is a shrinking middle class in which ordinary people are, in most instances, working longer hours for lower wages and benefits. Third, an increasing number of Americans are living in abject poverty - going hungry and sleeping out on the streets.

There has always been a wealthy elite in this country, and there has always been a gap between the rich and the poor. But the disparities in wealth and income that currently exist in this country have not been seen in over a hundred years. Today, the richest one percent own more wealth than the bottom ninety-five percent, and the CEOs of large corporations earn more than 500 times what their average employees make. The nation's 13,000 wealthiest families, 1/100th of one percent of the population, receive almost as much income as the poorest 20 million families in America.

While the rich get richer and receive huge tax breaks from the White House, the middle class is struggling to keep its head above water. The unemployment rate rose to a nine-year high of 6.4 percent in June, 2003. There are now 9.4 million unemployed, up more than 3 million since just before Bush became President. Since March 2001, we have lost over 2.7 million jobs in the private sector, including two million decent-paying manufacturing jobs - ten percent of our manufacturing sector. Frighteningly, the hemorrhaging of decent paying jobs is now moving into the white-collar sector. Forrester Research Inc. predicts that at least 3.3 million information technology jobs will be lost to low-wage countries by 2015 with the expansion of digitization, the internet and high-speed data networks.

The rest:
www.inequality.org...
www.inequality.org...

[Edited on 19-09-2003 by EastCoastKid]

[Edited on 19-09-2003 by EastCoastKid]

EastCoastKid, have you ever thought about REAL socialism?

Originally posted by PolskieWojsko
EastCoastKid, have you ever thought about REAL socialism?

Meaning what?

If you can access the RATS Forum, you'll find quite a bit a material that relates to this...


If not, then don't be dishearted...That thread is in sort of a trial run in the RATS Forum to get some constructive criticisms before it winds up in a public fourm...

Originally posted by MidnightDStroyer
If you can access the RATS Forum, you'll find quite a bit a material that relates to this...

If not, then don't be dishearted...That thread is in sort of a trial run in the RATS Forum to get some constructive criticisms before it winds up in a public fourm...

Thanks for the tip, MD.

[Edited on 19-09-2003 by EastCoastKid]