Saturday, June 19, 2010

Some Relevant Economic History - Quotes & A Speech from Rep. Louis T. McFadden about the Federal Reserve "End The Fed Flashback"


It seems like history is repeating itself. Rep. Ron Paul seems to be the voice of reason today and the one who is promoting the US Constitution leading the campaign for liberty. Ron Paul wants to END THE FED! and he promotes sound money (Silver & Gold coined money like the constitution says which would be coined by our US Treaury and would limit the government from spending more than our silver/gold reserves).

Back in the 1920's & 1930's it was Rep. Louis Thomas McFadden who was the voice of reason leading the campaign for liberty & was the voice of reason against The Federal Reserve banksters. On June 10, 1932 Representative Louis Thomas McFadden gave a compelling speech click here for link Louis McFadden: the Federal Reserve
Speech by Rep. Louis T. McFadden denouncing the Federal Reserve System
-- 1932-06-10 source: Congressional Record, June 1932, pg 12595-12603

Here is Rep. Louis Thomas McFadden's Wikipedia page
http://en.wikipedia.org/wiki/Louis_Thomas_McFadden

9 quotes from Representative Louis Thomas McFadden regarding the Federal Reserve:

Louis McFadden quote:
The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers.

Louis McFadden quote:
What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson's day must be fought over again... The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted, and betrayed as they are in their own land, will rise in their wrath and send a President here who will sweep the money changers out of the temple.

Louis McFadden quote:
The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.... The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.

Louis McFadden quote:
Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Federal Reserve.

Louis McFadden quote:
It was not accidental [the 1929 stock-market “crash”]. It was a carefully contrived occurrence. ... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.

Louis McFadden quote:
Open the books … and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York.

Louis McFadden quote:
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. They are not government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers.

Louis McFadden quote:
Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.

Louis McFadden quote:
(The Great Depression resulting from the Stock Market crash) was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.

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