American Citizens Robbed, Pillaged And Enslaved In Their Own Land – A 1932 Warning Of The Danger Of The Federal Reserve
Rick Wells - 3/11/2015 - UFP NEWS
On June 10th, 1932, Congressman Louis T. McFadden, a former banker who was at that time the chairman of the House Banking and Currency Committee, gave an impassioned speech on the House floor regarding the threat to our nation posed by the Federal Reserve System.
Rep McFadden recognized the destructive impact it would have on our country and urged that it be eliminated and that the United States return to sound banking practices.
Congressman McFadden was prophetic in his warnings; our present day reality was the future he wanted us desperately to avoid. America is being raped by international parasitic pirates, with our assets, our sovereignty and our survival as a free nation now in serious jeopardy.
Below are some excerpts of the Congressman’s sober warnings and predictions of 82 years ago that unfortunately went unheeded and remain so to this day. As our nation continues to be exploited by this self-serving oligarchy of financial barbarians in tailored suits and pink ties, we would do well to consider the Congressman’s words.
“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.
Some people think the Federal Reserve banks are United States Government 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 customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.
These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for 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 the 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 they 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 the breaking up of American homes and the dispersal of American children.
Through the Federal Reserve Board and the Federal Reserve banks the riffraff of every country is operating on the public credit of this United States Government. Meanwhile, and on account of it, we ourselves are in the midst of the greatest depression we have ever known.
Mr. Chairman, there is nothing like the Federal Reserve pool of confiscated bank deposits in the world. It is a public trough of American wealth in which foreigners claim rights equal to or greater than those of Americans. The Federal Reserve banks are agents of the foreign central banks. They use our bank depositors’ money for the benefit of their foreign principals. They barter the public credit of the United States Government and hire it out to foreigners at a profit to themselves.
All this is done at the expense of the United States Government, and at a sickening loss to the American people. Only our great wealth enabled us to stand the drain of it as long as we did.
I believe that the nations of the world would have settled down after the World War more peacefully if we had not had this standing temptation here — this pool of our bank depositors’ money given to private interests and used by them in connection with illimitable drafts upon the public credit of the United States Government.
The Federal Reserve Board invited the world to come in and to carry away cash, credit, goods, and everything else of value that was movable. Values amounting to many billions of dollars have been taken out of this country by the Federal Reserve Board and the Federal Reserve banks for the benefit of their foreign principals. The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing.
Mr. Chairman, I believe that the national-bank depositors of the United States are entitled to know what the Federal Reserve Board and the Federal Reserve banks are doing with their money.
There are millions of national-bank depositors in this country who do not know that a percentage of every dollar they deposit in a member bank of the Federal Reserve system goes automatically to American agents of the foreign banks and that all their deposits can be paid away to foreigners without their knowledge or consent by the crooked machinery of the Federal Reserve act and the questionable practices of the Federal Reserve Board and the Federal Reserve banks. Mr. Chairman, the American people should be told the truth by their servants in office.
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 independent United States Treasury should be re-established and the Government should keep its own money under lock and key in the building the people provided for that purpose. Asset currency, the device of the swindler, should be done away with.
The Government should buy gold and issue United States currency on it. The business of the independent bankers should be restored to them. The State banking systems should be freed from coercion The Federal Reserve districts should be abolished and the State boundaries should be respected.
Bank reserves should be kept within the borders of the States whose people own them, and this reserve money of the people should be protected so that the international bankers and acceptance bankers and discount dealers can not draw it away from them. The exchanges should be closed while we are putting our financial affairs in order. 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.”
It is regrettable that not only was remedial action not undertaken at the time, but one of the few incorrect statements made by Congressman McFadden was his prediction of a massive response by the American people. It seems there is nothing that will inspire our citizens to take the necessary dramatic action in their own defense.
Rick Wells is a conservative writer who recognizes that our nation, our Constitution and our traditions are under a full scale assault from multiple threats. Please “Like” him on Facebook, “Follow” him on Twitter or visit www.rickwells.us
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My comments: So, America was Deceived into accepting The Federal Reserve Baking System--the System that has given America an INSURMOUNTABLE DEBT. A DEBT that has Mortgaged the Future for the children of America. An IMMORAL ACT by Immoral people. And the PRICE in the END will be CATASTROPHIC!
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