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Louis Thomas McFadden

Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here. . . and that this country was to supply the financial power to an international superstate.

Chairman, Country, People, States, United States
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We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.

Country, Government, Impoverished, Practically, Practice

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.

Credit, Government, Greatest, Money, Predatory, Thinking

It [the depression] was not accidental. It was a carefully contrived occurrence worked out as one works out a mathematical equation. The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all.

Bankers, Emerge, Equation, Historical, Mathematical Equations, Work Out

The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will.

Government, United States, Boards, Breaks, Relations, Board

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!!

Effort, Government, People, Powers, United
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