FED-A Gigantic Private Credit Monopoly

"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" stated the Honorable Louis McFadden of Pennsylvania, Chairman of the Banking and Currency Committee for more than 10 years, and he "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, "Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934, AN ASTOUNDING EXPOSURE" CLICK HERE http://www.knology.net/~bilrum/McFadden_on_Fed.htm