Quote: Congressman Louis T. McFadden on the Federal Reserve in 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, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
This evil institution has impoverished and
ruined the people of these 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 Fed and through the corrupt practices of the moneyed vultures who control it”
-Congressman Louis T. McFadden in 1932
ron paul has not forgotten lets not forget ron pauls efforts to audit the fed
Ron Paul is fantastic. Very sad he is retiring. Let’s hope Rand is every bit of a chip off the old block. Pretty upset the GOP machine united to prevent Ron Paul having a shot during the primary when by all accounts he was the favorite with mega crowds at every rally.