The FED Incubus

Congressman Louis McFadden, GOP chairman of the House Banking Committee 1920-1931, understood the incubus that the Federal Reserve had become since its inception in 1913.

Here are excerpts of a speech he made in the House in June 1932:

The Federal Reserve is an evil institution that has impoverished and ruined the people of the US through the corrupt practices of the moneyed vultures who control it.  It is a worm-eaten, monarchical institution to control us from the top downward and to shackle us from the cradle to the grave. It has fastened upon this country the very tyranny from which the framers of the Constitution sought to save us. The sack of the US by the Federal Reserve Board and its confederates is the greatest crime in history.

What is needed is a return to the Constitution. The independent US Treasury should be re-established and the Government should keep its own money under lock and key….The Federal Reserve Act and its Bank should be liquidated immediately. Unless this is done, I predict that the American people, outraged, robbed, pillaged, insulted and betrayed, will rise in their wrath and send a President who will sweep the money changers out of the temple.

Has that time not arrived? Is Donald Trump the very President to sweep out the money changers?


Add Comment

Your email address will not be published. Required fields are marked *