of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses... This little coterie...run our government for their own selfish ends. It operates under cover of a self-created screen...seizes...our executive officers...legislative bodies...schools...
courts...newspapers and every agency created for the public protection.”
N.Y. Mayor, John Hylan
If depression in America comes to pass, it won’t be by accident.
Consider…
"We the men in this hall, who control the economic destiny of the Nation, knew in
1927 that this terrible depression was coming, and we did nothing about it."
- President of the American Bankers Association, speaking at their convention, in 1931
"A new dimension of trust had added to the illusion [of real worth]. Finally, the last prop for the money illusion was kicked away in this century: the gold standard was abandoned."
- William Greider
"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency."
- Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee - 1913
"All the perplexities, confusion and distress in America arise not from defects in
our Constitution; not from want of honour or virtue, so much as from downright
ignorance of the nature of coin, credit and circulation."
- Ex-President John Adams, in a letter to his friend, Ex-President Thomas Jefferson
"It would seem that such a system (Federal Reserve) with such a dismal record . . . would be abolished without delay… (but maybe the) system was created to do exactly the opposite of what it tells the American people."
- Ralph Epperson
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgiveable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected."
- John Danforth (R-Mo)
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it."
- Congressman Louis T. McFadden in 1932 (Rep. Pa)
"The result of this whole (Federal Reserve) system is massive debt at every level of society today. The banks are in debt to the depositors, and the depositors' money is loaned out and creates indebtedness to the banks. Making this system even more akin to something out of a maniac's delirium is the fact that banks, like other lenders, often have the right to seize physical property if its paper money is not repaid."
- William Bramley
"As a result of the Civil War, corporations (Banking) have been enthroned and an era of corruption in high places will follow and the money power of the country will endeavour to prolong its reign by working on the prejudices of the people until wealth is aggregated in the hands of a few, and the republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war."
- President Abraham Lincoln
"The death of Lincoln is a disaster for Christendom. I fear that foreign bankers
with their craftiness and tortuous tricks will entirely control the exuberant riches of
America and use it to corrupt modern civilization. They will not hesitate to plunge
the whole world into wars and chaos, in order that they may inherit the earth."
- Bismarck
"It would appear that there could be no subject of more supreme importance to the people of the United States than an understanding of money and its powers. It is remarkable, and a fact of surpassing importance, that the provision of the Constitution of the United States authorizing Congress exclusively to coin money and regulate the value thereof has been overlooked by American statesmen. Their failure to perceive the deep significance of this language of the Constitution has resulted in the indefensible expansion and contraction of money by private persons, bringing on monetary depressions periodically."
- Senator Robert L. Owen, “Mr. Owen was chairman of the Senate Banking Committee in 1913, and managed the Federal Reserve Act legislation. It is strange that he, a then ‘statesman,’ overlooked the Constitutional provision that said definitely that Congress could not surrender its powers to a private corporation.” (Source- The Legalized Crime of Banking and a Constitutional Remedy (1958), by Silas Walter Adams)
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