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Louis T. McFadden blasts the Fed in 1932!

The following is from the linked article below:

No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:

"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 the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have 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 mal-administration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".

Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers.

Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions".

The FED basically works like this: The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the
power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it.

Full article here including Kennedy's attempt to abolish.
http://www.apfn.net/doc-100_bankruptcy31.htm

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OMFG

I seem to remember a lesson from history class about the last time the Jews were blamed for an economic downturn.

It's a lot easier to blame the Jews, than to look in the mirror, isn't it. The Germans did that. Despie the fact that it was the monarchs of Europe who created World War One. They couldn't bear to blame their Kaiser, and their own sheepishness in sending Germany's son's to their slaugter in the trenches, so they blamed the Jews and the Communists.

I see a parallel here. The tradition of libertarianism and classical liberalism has always been one which championed individualism, not collective thought. Blaming a race or class of people for a social ill is anathema to the philosophy of liberty.

Blaming an entire race for the actions of a few is totally

Blaming an entire race for the actions of a few is totally irrational and a sure sign of oversimplified analysis.

Some people say that the "Jews" killed Jesus, that's ludicrous because many of his followers were Jews.

That would be the same as saying that just because one dog bit somebody that all dogs are bad!

Only today it's the Arabs

Only today it's the Arabs being demonized and blamed for everything.
Same theme, similar story.

Blaming any group is very easy to do. Who do you think of when you hear of an abortion doctor getting fire-bombed? What just popped into your head?Well a right-wing extremist Christian, of course.

Stereotypes have roots in reality despite how terrible they are at branding everyone in said group. Jews in Germany were an easy target as are Muslims today.

No matter, truth comes to light no matter who's to blame.

Puppets come and puppets go but the world's stage is getting cluttered.

McFadden made a mistake that

McFadden made a mistake that many others made in the 1930s, that religion had something to do with it and that international bankers actually cared about Judaism. The truth is, Jewish bankers such as the Warburgs FINANCED Hitler to power. Religion has nothing to do with it.
McFadden's economic arguments were spot-on.

And Karl Marx ...

is repected in academia as "the father of Sociology". Both McFadden and Marx correctly identified the root problem of society (mainly, the money changers). Even if one may condemn their solutions, truth is truth.

Excellent Link

Go to the link at the bottom for the full article. It is an excellent compilation of both the McFadden effort and JFK's effort to put the Fed into its proper light.

The links at the bottom of that link provide for more perspective and history as shown by Mr. Kennedy how the tide against liberty turned at Appomattox, VA. Especially important for citizens educated in public schools. Ha Ha.

Our liberties have been under assault for a long time. What were our grandparents doing?

I'M COOL

McFadden was known as openly antisemitic. He claimed that Jews controlled the American economy, and that the United States had to choose between "God and the money changers who have unlawfully taken our gold and lawful money into their possession."[1] McFadden also blamed Jews for president Roosevelt's decision to abandon the gold standard, and claimed that "in the United States today, the Gentiles have the slips of paper while the Jews have the lawful money."[2] McFadden was also a supporter of Hitler and the Nazis' anti-Jewish policies. McFadden encouraged Hitler's attempts to destroy the alleged Jewish control of the German economy, media, education, and professions.[3] When McFadden ran for the presidency in 1936, one of his slogans was “Christianity instead of Judaism.”[4]

NOT MY STYLE

so?

what part of what he said.......wasn't/isn't ......true

You don't have to like him; that's not the point.

Hey, for all I know, Thomas Jefferson owned slaves. That doesn't make what he says untrue.

McFadden's criticisms of the Fed were accurate. It's too bad he gave historians ammunition for ad hominem attacks but, really, they are beside the point. Kudos to McFadden for championing monetary reform, and perceptively analyzing the sinister nature of the Fed.

______________________________________________________
Don't waste time with Obama, McCain, Nader or Barr - join the Campaign For Liberty! http://www.campaignforliberty.com/ The Constitution is more important than voting for the evil of 4 lessers.

_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

His argument was that

"the Jews did it". that's not really a good point, and it's not very true either.

No, that wasn't really the thrust of his argument

But, yes, it was a bad idea to make that assertion. The "badness" of the Fed has nothing to do with race. But that still doesn't mean it wasn't sinister, to use Ron Paul's term.

______________________________________________________
Don't waste time with Obama, McCain, Nader or Barr - join the Campaign For Liberty! http://www.campaignforliberty.com/ The Constitution is more important than voting for the evil of 4 lessers.

_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

But did the Jews do it?

Collectivism is not good, no doubt about it. But in the end, certain groups in the Jewish community practice it more than any other. Is it so inconceivable to believe that, yes, there are groups of ill-intentioned Jews that love money and will do anything to attain and protect their hoard. I just got back from the Prague and while there I visited the Jewish cemetery. I had a camera around my neck but due the topic of what we were viewing, there wasn't any chance I was going to take any pictures (respect for the dead). The people working at the cemetery (all Jewish) harassed me for money because I had a camera, claiming that they charged for pictures of their dead. They gave me quite a look when I said I wasn't taking any pics. In this cemetery, the bodies were stacked on top of each other, creating a large hill. It was mortifying to see. When we left, to my amazement, the Jewish community had set up vendor tents right below the graveyard. I absolutely couldn't believe it. Money at all costs! You see, the reality is, certain Jewish groups have been practicing this for many centuries. Nobody wants to acknowledge this but it's right there in front of their faces. And that's probably the same reason why it was the only cemetery granted to the Jews in Prague (which forced them to stack the bodies over time) - because of the tactics of certain Jewish groups. Wake up people! As a Christian, it's hard to believe any person or group of people could behave this way, but that's not the way some of them are brought up. Their culture is a 180 degree turn from what most people understand it to be.

I'm a lover, not a hater. But I also deal in practical observations. These observations are real. I would much rather not talk about any of this, but it seems many people are stone-cold asleep on the matter.

The good Jews out there need to get engaged in large numbers. If they don't, a fate far worse than what happened in WWII is awaiting them. Public opinion is turning on them at an alarming rate, but is it any wonder why?

And back the original matter, yes, the people involved with the creation of a Central Bank in the US were, drum rolll please............Jewish! Do your research, if you don't believe me. Let's do our part and not let the really bad Jewish groups ruin everything for the good ones.

Two attempts on his life

Two attempts on his life were made, the second was unfortunately successful. The federal reserve controllers are at the root of evil in the United States.

I had started a thread on

I had started a thread on this a few weeks back...

http://www.dailypaul.com/node/54331

Surprisingly, it got very little recognition.