"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..." | Quote by: | 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 |
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