“We have in this country one of the most corrupt institutions the world has ever known”

“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
(1876-1936) US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee. Poisoned in 1936.
Source: Speech in Congress, June 10, 1932

Louis_T._McFadden_cph.3b17014

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Experiencing life in Iowa.
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