Louis McFadden: “The Federal Reserve banks are… the Most Corrupt Institutions The World has Ever Seen. They are not Government Institutions (but) Private Credit Monopolies…”

Congressman Louis T. McFadden in a speech delivered to the U.S. House of Representatives:

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. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and iniquities of the Federal Reserve Board has cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the 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 Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it… 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. …Some people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.

He also said the following on his June 10th plea to Congress to open their eyes to the truth:

When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is-the Fed has usurped the government.

The heroic McFadden tried to  indict the conspirators for Criminal Conspiracy, but no action was taken on this Resolution. McFadden came back on December 13, 1932 with a motion to impeach President Herbert Hoover. Only five Congressmen stood with him on this, and the resolution failed. The Republican majority leader of the House remarked, “Louis T. McFadden is now politically dead.”

Let us remember that for ten years, Congressman McFadden had been Chairman of the House Banking and Currency Committee.  While exercising the duties of this position he exposed some of the greatest crimes of the century, including his stinging indictment of the Board of Governors of the Federal Reserve System in which he charged them with having treasonably conspired to destroy constitutional government in the United States.

Because of these exposures, Louis T. McFadden had unleashed the full power of the international criminals against him.  when he made these speeches, he was alone.  He had nothing to look forward to to save his own political demise.  The power and pelf of his enemies was brought to bear and the political life of this great servant of the people was terminated in the November 1934 elections held in the 15th Congressional District of Pennsylvania.

Thus these speeches are the personal signature of a great man, a hero fighting to the death, surrounded but never thinking of surrender, the final gesture of a man we should all honor and emulate, an American worthy of the name. (Source: SweetLiberty.com)

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