"We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is because it says “Federal Reserve.” It belongs to private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that which is owned exclusively, wholly, one hundred percent to the private banks—we have farmed out to them the privilege of issuing the Government’s money!" | Quote by: | Wright Patman
[John William Wright Patman] (1893-1976) US Congressman (TX-D) |
Source: | Congressional Record (29 Sep. 1941) |
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