Louis T. McFadden, Republican Congressman and Chairman of the House Banking & Currency Committee from 1920 to 1931

"Through the Fed the people are losing their rights guaranteed to them by the Constitution...common decency requires us to examine the public accounts of the government and see what kind of crimes against the public welfare have been committed...the people of these United States are being greatly wronged...

Every effort has been made by the Fed to conceal its powers-but truth is-the Fed has usurped the Government...the sack of these United States by the Fed is the greatest crime in history...what King ever robbed his subject to such an extent as the Fed has robbed us...it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurer.

When the Fed was passed, the people of these United States did not perceive that a world system was being set up here...a superstate controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure."


1936: On October 3, Republican Congressman, Louis T McFadden, Chairman of the House Banking & Currency Committee, from 1920 to 1931, is poisoned to death.