Congressman McFadden's Speech Before the Attempts on His Life, Part 1
Document 184.108.40.206.0 28 of 38
Part ONE of Congressman McFadden's Speech before the attempts on his life
and the final successful one resulting in his murder......
The text is from a booklet, published before zip codes, entitled
"Congressman Louis T. McFadden on the Federal Reserve Corporation: Remarks
in Congress, 1934" . It is merger of two different speeches, one in 1932 and
another, given after FDR became president. It was released by The Forum
Publishing Company of Boston, Massachusetts. Facsimile or Text of the
original 1932 speech from the Congressional Record
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges
against the Board of Governors of the Federal Reserve Bank system, The
Comptroller of the Currency and the Secretary of United States Treasury for
numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD,
UNLAWFUL CONVERSION, AND TREASON.
The petition for Articles of Impeachments thereafter referred to the
Judiciary Committee and has YET TO BE ACTED ON. So, this ELECTRONIC BOOKLET
should be reprinted, re-posted, set up on web pages and circulated far and
Congressman McFadden on the Federal Reserve Corporation
Remarks in Congress, 1934 AN ASTOUNDING EXPOSURE Reprinted by permission
1978 Arizona Caucus Club.
Congressman McFadden's Speech On the Federal Reserve Corporation.
Quotations from several speeches made on the Floor of the House of
Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr.
McFadden, due to his having served as Chairman of the Banking and Currency
Committee for more than 10 years, was the best posted man on these matters
in America and was in a position to speak with authority of the vast
ramifications of this gigantic private credit monopoly. As Representative of
a State which was among the first to declare its freedom from foreign money
tyrants it is fitting that Pennsylvania, the cradle of liberty, be again
given the credit for producing a son that was not afraid to hurl defiance in
the face of the money-bund. Whereas Mr. McFadden was elected to the high
office on both the Democratic and Republican tickets, there can be no
accusation of partisanship lodged against him. Because these speeches are
set out in full in the Congressional Record, they carry weight that no
amount of condemnation on the part of private individuals could hope to
THE FEDERAL RESERVE-A CORRUPT INSTITUTION.
"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 mal-administration of that law by the Fed and through
the corrupt practices of the moneyed vultures who control it.
"Some people who think that the Federal Reserve Banks United States
Government institutions. They are private monopolies which prey upon the
people of these United States for the benefit of themselves and their
foreign customers; foreign and domestic speculators and swindlers; and rich
and predatory money lender. In that dark crew of financial pirates there are
those who would cut a man's throat to get a dollar out of his pocket; there
are those who send money into states to buy votes to control our
legislatures; there are those who maintain International propaganda for the
purpose of deceiving us into granting of new concessions which will permit
them to cover up their past misdeeds and set again in motion their gigantic
train of crime.
"These twelve private credit monopolies were deceitfully and disloyally
foisted upon this Country by the bankers who came here from Europe and
repaid us our hospitality by undermining our American institutions. Those
bankers took money out of this Country to finance Japan in a war against
Russia. They created a reign of terror in Russia with our money in order to
help that war along. They instigated the separate peace between Germany and
Russia, and thus drove a wedge between the allies in World War. They
financed Trotsky's passage from New York to Russia so that he might assist
in the destruction of the Russian Empire. They fomented and instigated the
Russian Revolution, and placed a large fund of American dollars at Trotsky's
disposal in one of their branch banks in Sweden so that through him Russian
homes might be thoroughly broken up and Russian children flung far and wide
from their natural protectors. They have since begun breaking up of American
homes and the dispersal of American children. "Mr. Chairman, there should be
no partisanship in matters concerning banking and currency affairs in this
Country, and I do not speak with any.
"In 1912 the National Monetary Association, under the chairmanship of the
late Senator Nelson W. Aldrich, made a report and presented a vicious bill
called the National Reserve Association bill. This bill is usually spoken of
as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was
the tool, if not the accomplice, of the European bankers who for nearly
twenty years had been scheming to set up a central bank in this Country and
who in 1912 has spent and were continuing to spend vast sums of money to
accomplish their purpose.
"We were opposed to the Aldrich plan for a central bank. The men who rule
the Democratic Party then promised the people that if they were returned to
power there would be no central bank established here while they held the
reigns of government. Thirteen months later that promise was broken, and the
Wilson administration, under the tutelage of those sinister Wall Street
figures who stood behind Colonel House, established here in our free Country
the worm-eaten monarchical institution of the "King's Bank" to control us
from the top downward, and from the cradle to the grave.
"The Federal Reserve Bank destroyed our old and characteristic way of doing
business. It discriminated against our 1-name commercial paper, the finest
in the world, and it set up the antiquated 2-name paper, which is the
present curse of this Country and which wrecked every country which has ever
given it scope; it fastened down upon the Country the very tyranny from
which the framers of the Constitution sough to save us.
PRESIDENT JACKSON'S TIME
"One of the greatest battles for the preservation of this Republic was
fought out here in Jackson's time; when the second Bank of the United
States, founded on the same false principles of those which are here
exemplified in the Fed was hurled out of existence. After that, in 1837, the
Country was warned against the dangers that might ensue if the predatory
interests after being cast out should come back in disguise and unite
themselves to the Executive and through him acquire control of the
Government. That is what the predatory interests did when they came back in
the livery of hypocrisy and under false pretenses obtained the passage of
"The danger that the Country was warned against came upon us and is shown
in the long train of horrors attendant upon the affairs of the traitorous
and dishonest Fed. Look around you when you leave this Chamber and you will
see evidences of it in all sides. This is an era of misery and for the
conditions that caused that misery, the Fed are fully liable. This is an
era of financed crime and in the financing of crime the Fed does not play
the part of a disinterested spectator.
"It has been said that the draughtsman (sic) who was employed to write the
text of the Aldrich bill because that had been drawn up by lawyers, by
acceptance bankers of European origin in New York. It was a copy, in general
a translation of the statues of the Reichsbank and other European central
banks. One-half million dollars was spent on the part of the propaganda
organized by these bankers for the purpose of misleading public opinion and
giving Congress the impression that there was an overwhelming popular demand
for it and the kind of currency that goes with it, namely, an asset currency
based on human debts and obligations. Dr. H. Parker Willis had been employed
by Wall Street and propagandists, and when the Aldrich measure failed- he
obtained employment with Carter Glass, to assist in drawing the banking bill
for the Wilson administration. He appropriated the text of the Aldrich bill.
There is no secret about it. The test of the Federal Reserve Act was tainted
from the first.
"A few days before the bill came to a vote, Senator Henry Cabot Lodge, of
Massachusetts, wrote to Senator John W. Weeks as follows:
New York City,
December 17, 1913
"'My Dear Senator Weeks:
"'Throughout my public life I have supported all measures designed to take
the Government out of the banking business. This bill puts the Government
into the banking business as never before in our history. "'The powers
vested in the Federal Reserve Board seem to me highly dangerous especially
where there is political control of the Board. I should be sorry to hold
stock in a bank subject to such dominations. The bill as it stands seems to
me to open the way to a vast inflation of the currency. "'I had hoped to
support this bill, but I cannot vote for it because it seems to me to
contain features and to rest upon principles in the highest degree menacing
to our prosperity, to stability in business, and to the general welfare of
the people of the United States.
Very Truly Yours,
Henry Cabot Lodge.'"
"In eighteen years that have passed since Senator Lodge wrote that letter
of warning all of his predictions have come true. The Government is in the
banking business as never before. Against its will it has been made the
backer of horse thieves and card sharps, bootlegger's smugglers,
speculators, and swindlers in all parts of the world. Through the Fed the
riffraff of every country is operating on the public credit of the United
THE GREAT DEPRESSION
"Meanwhile and on account of it, we ourselves are in the midst of the
greatest depression we have ever known. From the Atlantic to the Pacific,
our Country has been ravaged and laid waste by the evil practices of the Fed
and the interests which control them. At no time in our history, has the
general welfare of the people been at a lower level or the minds of the
people so full of despair.
"Recently in one of our States, 60,000 dwelling houses and farms were
brought under the hammer in a single day. 71,000 houses and farms in Oakland
County, Michigan, were sold and their erstwhile owners dispossessed. The
people who have thus been driven out are the wastage of the Fed. They are
the victims of the Fed. Their children are the new slaves of the auction
blocks in the revival of the institution of human slavery.
THE SCHEME OF THE FED.
"In 1913, before the Senate Banking and Currency Committee, Mr. Alexander
Lassen made the following statement: "The whole scheme of the Fed with its
commercial paper is an impractical, cumbersome machinery- is simply a cover
to secure the privilege of issuing money, and to evade payment of as much
tax upon circulation as possible and then control the issue and maintain,
instead of reducing interest rates. It will prove to the advantage of the
few and the detriment of the people. It will mean continued shortage of
actual money and further extension of credits, for when there is a shortage
of money people have to borrow to their cost.' "A few days before the Fed
passed, Senator Root denounced the Fed as an outrage on our liberties. He
predicted: 'Long before we wake up from our dream of prosperity through an
inflated currency, our gold- which alone could have kept us from
catastrophe- will have vanished and no rate of interest will tempt it to
"If ever a prophecy came true, that one did. "The Fed became law the day
before Christmas Eve, in the year 1913, and shortly afterwards, the German
International bankers, Kuhn, Loeb and Co. sent one of their partners here to
"The Fed Note is essentially unsound. It is the worst currency and the most
dangerous that this Country has ever known. When the proponents of the act
saw that the Democratic doctrine would not permit them to let the proposed
banks issue the new currency as bank notes, they should have stopped at
that. They should not have foisted that kind of currency, namely, an asset
currency, on the United States Government. They should not have made the
Government [liable on the private] debts of individuals and corporations,
and, least of all, on the private debts of foreigners. "As Kemerer says:
'The Fed Notes, therefore, in form, have some of the qualities of Government
paper money, but in substance, are almost a pure asset currency possessing a
Government guarantee against which contingency the Government has made no
"Hon. L. J. Hill, a former member of the House, said, and truly: "They are
obligations of the Government for which the United States received nothing
and for the payment of which at any time, it assumes the responsibility:
looking to the Fed to recoup itself.'
"If this United States is to redeem the Fed Notes, when the General Public
finds it costs to deliver this paper to the Fed, and if the Government has
made no provisions for redeeming them, the first element of unsoundness is
not far to seek.
"Before the Banking and Currency Committee, when the bill was under
discussion Mr. Crozier of Cincinnati said: 'The imperial power of elasticity
of the public currency is wielded exclusively by the central corporations
owned by the banks. This is a life and death power over all local banks and
all business. It can be used to create or destroy prosperity, to ward off or
cause stringencies and panics. By making money artificially scarce, interest
rates throughout the Country can be arbitrarily raised and the bank tax on
all business and cost of living increased for the profit of the banks owning
these regional central banks, and without the slightest benefit to the
people. The 12 Corporations together cover and monopolize and use for
private gain- every dollar of the public currency and all public revenue of
the United States. Not a dollar can be put into circulation among the people
by their Government, without the consent of and on terms fixed by these 12
private money trusts.'
"In defiance of this and all other warnings, the proponents of the Fed
created the 12 private credit corporations and gave them an absolute
monopoly of the currency of these United States- not of the Fed Notes
alone-but of all other currency! The Fed Act providing ways and means by
which the gold and general currency in the hands of the American people
could be obtained by the Fed in exchange for Fed Notes- which are not money-
but mere promises to pay.
"Since the evil day when this was done, the initial monopoly has been
extended by vicious amendments to the Fed and by the unlawful and
treasonable practices of the Fed.
MONEY FOR THE SCOTTISH DISTILLERS.
"Mr. Chairman, if a Scottish distiller wishes to send a cargo of Scotch
whiskey to these United States, he can draw his bill against the purchasing
bootlegger in dollars and after the bootlegger has accepted it by writing
his name across the face of it, the Scotch distiller can send that bill to
the nefarious open discount market in New York City where the Fed will buy
it and use it as collateral for a new issue of Fed Notes. Thus the
Government of these United States pay the Scotch distiller for the whiskey
before it is shipped, and if it is lost on the way, or if the Coast Guard
seizes it and destroys it, the Fed simply write off the loss and the
government never recovers the money that was paid to the Scotch distiller.
"While we are attempting to enforce prohibition here, the Fed are in the
distillery business in Europe and paying bootlegger bills with public credit
of these United States. "Mr. Chairman, by the same process, they compel our
Government to pay the German brewer for his beer. Why should the Fed be
permitted to finance the brewing industry in Germany either in this way or
as they do by compelling small and fearful United States Banks to take stock
in the Isenbeck Brewery and in the German Bank for brewing industries?
"Mr. Chairman, if Dynamit Nobel of Germany, wishes to sell dynamite in
Japan to use in Manchuria or elsewhere, it can drew its bill against the
Japanese customers in dollars and send that bill to the nefarious open
discount market in New York City where the Fed will buy it and use it as
collateral for a new issue of Fed Notes- while at the same time the Fed will
be helping Dynamit Nobel by stuffing its stock into the United States
"Why should we send our representatives to the disarmament conference at
Geneva- while the Fed is making our Government pay Japanese debts to German
"Mr. Chairman, if a German wishes to raise a crop of beans and sell them to
a Japanese customer, he can draw a bill against his prospective Japanese
customer in dollars and have it purchased by the Fed and get the money out
of this Country at the expense of the American people before he has even
planted the beans in the ground.
"Mr. Chairman, if a German in Germany wishes to export goods to South
America, or any other Country, he can draw his bill against his customers
and send it to these United States and get the money out of this Country
before he ships, or even manufactures the goods.
"Mr. Chairman, why should the currency of these United States be issued on
the strength of German Beer? Why should it be issued on the crop of
unplanted beans to be grown in Chili for Japanese consumption? Why should
these United States be compelled to issue many billions of dollars every
year to pay the debts of one foreigner to another foreigner? "Was it for
this that our National Bank depositors had their money taken out of our
banks and shipped abroad? Was it for this that they had to lose it? Why
should the public credit of these United States and likewise money belonging
to our National Bank depositors be used to support foreign brewers, narcotic
drug vendors, whiskey distillers, wig makes, human hair merchants, Chilean
bean growers, to finance the munition factories of Germany and Soviet
THE UNITED STATES HAS BEEN RANSACKED.
"The United States has been ransacked and pillaged. Our structures have
been gutted and only the walls are left standing. While being perpetrated,
everything the world would rake up to sell us was brought in here at our
expense by the Fed until our markets were swamped with unneeded and unwanted
imported goods priced far above their value and make to equal the dollar
volume of our honest exports, and to kill or reduce our favorite balance of
trade. As Agents of the foreign central banks the Fed try by every means in
their power to reduce our favorable balance of trade. They act for their
foreign principal and they accept fees from foreigners for acting against
the best interests of these United States. Naturally there has been great
competition among among foreigners for the favors of the Fed.
"What we need to do is to send the reserves of our National Banks home to
the people who earned and produced them and who still own them and to the
banks which were compelled to surrender them to predatory interests.
"Mr. Chairman, there is nothing like the Fed pool of confiscated bank
deposits in the world. It is a public trough of American wealth in which the
foreigners claim rights, equal to or greater than Americans. The Fed are the
agents of the foreign central banks. They use our bank depositors' money for
the benefit of their foreign principals. They barter the public credit of
the United States Government and hire it our to foreigners at a profit to
"All this is done at the expense of the United States Government, and at a
sickening loss to the American people. Only our great wealth enabled us to
stand the drain of it as long as we did.
"We need to destroy the Fed wherein our national reserves are impounded for
the benefit of the foreigners. "We need to save America for Americans.
"Mr. Chairman, when you hold a $10.00 Fed Note in your hand, you are
holding apiece of paper which sooner or later is going to cost the United
States Government $10.00 in gold (unless the Government is obliged to go off
the gold standard). It is based on limburger cheese (reported to be in
foreign warehouses) or in cans purported to contain peas (but may contain
salt water instead), or horse meat, illicit drugs, bootleggers fancies, rags
from Soviet Russia (of which these United States imported over a million
dollars worth last year), on wines whiskey, natural gas, goat and dog fur,
garlic on the string, and Bombay ducks.
"If you like to have paper money- which is secured by such commodities- you
have it in Fed Note. If you desire to obtain the thing of value upon which
this paper currency is based, that is, the limburger cheese, the whiskey,
the illicit drugs, or any of the other staples- you will have a very hard
time finding them.
"Many of these worshipful commodities are in foreign Countries. Are you
going to Germany to inspect her warehouses to see if the specified things of
value are there? I think more, I do not think that you would find them there
if you did go.
"On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank
depositors in gold to Germany. A week later another $300,000 in gold was
shipped to Germany. About the middle of May $12,000,000 in gold was shipped
to Germany by the Fed. Almost every week there is a shipment of gold to
Germany. These shipments are not made for profit on the exchange since the
German marks are blow parity with the dollar.
"Mr. Chairman, I believe that the National Bank depositors of these United
States have a right to know what the Fed are doing with their money. There
are millions of National Bank depositors in the Country who do not know that
a percentage of every dollar they deposit in a Member Bank of the Fed goes
automatically to American Agents of the foreign banks and that all their
deposits can be paid away to foreigners without their knowledge or consent
by the crooked machinery of the Fed and the questionable practices of the
[Ed. Note- Problem with next paragraph in original] "Mr. Chairman, the
American people should be told the truth by their servants in office. In
1930, we had over a half billion dollars outstanding daily to finance
foreign goods stored in or shipped between several billion dollars. What
goods are these on which the Fed yearly pledge several billions of dollars.
In its yearly total, this item amounts to several billions of dollars of the
public credit of these United States?
"What goods are those which are hidden in European and Asiatic stores have
not been seen by any officer of our Government but which are being financed
on the public credit of the United States Government? What goods are those
upon which the 17 United States Government is being obligated by the Fed to
issue Fed Notes to the extent of several billions of dollars a year?
The Bankers' Acceptance Racket.
"The Fed have been International Banks from the beginning, with these
United States as their enforced banker and supplier of currency. But it is
none the less extraordinary to see these twelve private credit monopolies,
buying the debts of foreigners against foreigners, in all parts of the world
and asking the Government of these United States for new issues of Fed notes
in exchange for them. "The magnitude of the acceptance racket as it has been
developed by the Fed, their foreign correspondents, and the predatory
European born bankers, who set up the Fed here and taught your own, by and
of pirates, how to loot the people: I say the magnitude of this racket is
estimated to be in the neighborhood of 9,000,000,000 per year. In the past
ten years it is said to have amounted to $90,000,000,000.00. In my opinion
it has amounted to several times that much. coupled to this you have to the
extent of billions of dollars, the gambling in the United States securities,
which takes place in the same open discount market- a gambling on which the
Fed is now spending $100,000,000.00 per week.
"Fed Notes are taken from the U.S. Government in unlimited quantities. Is
it strange that the burden of supplying these immense sums of money to the
gambling fraternity has at last proved too heavy for the American people to
endure? Would it not be a national [calamity to] again bind down this burden
on the backs of the American people and by means of a long rawhide whip of
the credit masters, compel them to enter another seventeen years of slavery?
"They are trying to do that now. They are trying to take $100,000,000.00 of
the public credit of the United States every week, in addition to all their
other seizures and they are sending that money to the nefarious Open Market
in a desperate gamble to reestablish their graft as a going concern.
"They are putting the United States Government in debt to the extent of
$100,000,000 a week, and with the money they are buying our Government
securities for themselves and their foreign principals. Our people are
disgusted with the experiences of the Fed. The Fed is not producing a loaf
of bread, a yard of cloth, a bushel of corn, or a pile of cordwood by its
check-kiting operations in the money market.
"Mr. Speaker, on the 13th of January of this year I addressed the House on
the subject of the Reconstruction Finance Corporation. In the course of my
remarks I made the following statement: In 1928 the member banks of the Fed
borrowed $60,598,690,000. from the Fed on their fifteen-day promissory
notes. Think of it. Sixty billion dollars payable on demand in gold in the
course of one single year. The actual amount of such obligations called for
six times as much monetary gold as there is in the world. Such transactions
represent a grant in the course of one single years of about $7,000,000 to
every member of the Fed.
"Is it any wonder that American labor which ultimately pays the cost of all
banking operations of this Country has at last proved unequal to the task of
supplying this huge total of cash and credit for the benefit of the stock
market manipulators and foreign swindlers? "In 1933 the Fed presented the
staggering amount of $60,598,690,000 to its member banks at the expense of
the wage earners and tax payers of these United States. In 1929, the year of
the stock market crash, the Fed advanced $58,000,000,000 to member banks.
"In 1930 while the speculating banks were getting out of the stock market
at the expense of the general public, the Fed advanced them $13,022,782,000.
This shows that when the banks were gambling on the public credit of these
United States as represented by the Fed currency they were subsidized to any
amount they required by the Fed. When the swindle began to fall, the bankers
knew it in advance and withdrew from the market. They got out with whole
skins- and left the people of these United States to pay the piper. "My
friend from Kansas, Mr. McGugin, has stated that he thought the Fed lent
money on rediscounting. So they do, but they lend comparatively little that
way. The real discounting that they do has been called a mere penny in
the slot business. It is too slow for genuine high flyers. They discourage
it. They prefer to subsidize their favorite banks by making them
advances and they prefer to acquire assistance in the notorious open
discount market in New York, where they can use it to control the price of
stocks and bonds on the exchanges.
"For every dollar they advanced on discounts in 1928, they lent $33.00 to
their favorite banks for whom they do a business of several billion dollars
income tax on their profits to these United States.
The John Law Swindle. "This is the John Law swindle over again. The theft
of Teapot Dome was trifling compared to it. What King ever robbed his
subject to such an extent as the Fed has robbed us? Is it any wonder that
there have been lately ninety cases of starvation in one of the New York
hospitals? Is there any wonder that the children are being abandoned?
"The government and the people of these United States have been swindled by
swindlers deluxe to whom the acquisition of American or a parcel of Fed
Notes presented no more difficulty than the drawing up of a worthless
acceptance in a Country not subject to the laws of these United States, by
sharpers not subject to the jurisdiction of these United States, sharpers
with strong banking "fence" on this side of the water, a "fence" acting as a
receiver of a worthless paper coming from abroad, endorsing it and getting
the currency out of the Fed for it as quickly as possible exchanging that
currency for gold and in turn transmitting the gold to its foreign
Ivar Kreuger, the Match King! "Such were the exploits of Ivar Krueger, Mr.
Hoover's friend, and his rotten
Wall Street bakers. Every dollar of the billions Kreuger and his gang drew
out of this Country on acceptances was drawn from the government and the
people of the United States through the Fed. The credit of the United States
Government was peddled to him by the Fed for their own private gain. That is
what the Fed has been doing for many years.
"They have been peddling the credit of this Government and the [signature
of this] Government to the swindlers and speculators of all nations. That is
what happens when a Country forsakes its Constitution and gives its
sovereignty over the public currency to private interests. Give them the
flag and they will sell it.
"The nature of Kreuger's organized swindle and the bankrupt condition of
Kreuger's combine was known here last June when Hoover sought to exempt
Kreuger's loan to Germany of $125,000,000 from the operation of the Hoover
Moratorium. The bankrupt condition of Krueger's swindle was known her last
summer when $30,000,000 was taken from the American taxpayers by certain
bankers in New York for the ostensible purpose of permitting Krueger to make
a loan to Colombia. Colombia never saw that money.
"The nature of Kreuger's swindle was known here in January when he visited
his friend, Mr. Hoover, at the White House. It was known here in March
before he went to Paris and committed suicide.
"Mr. Chairman, I think the people of the United States are entitled to know
how many billions of dollars were placed at the disposal of Kreuger and his
gigantic combine by the Fed, and to know how much of our Government currency
was issued and lost in the financing of that great swindle in the years
during which the Fed took care of Krueger's requirements.
"A few days ago, the President of the United States with a white face and
shaking hands, went before the Senate of behalf of the moneyed interests and
asked the Senate to levy a tax on the people so that foreigners might know
that these United States would pay its debt to them.
"Most Americans thought it was the other way around. What does these United
States owe foreigners? When and by whom was the debt incurred? It was
incurred by the Fed, when they peddled the signature of the Government to
foreigners- for a Price. It is what the United States Government has to pay
to redeem the obligations of the Fed.
Thieves Go Scot Free. "Are you going to let these thieves get off scot
free? Is there one law for the looter who drives up to the door of the
United States Treasury in his limousine and another for the United States
Veterans who are sleeping on the floor of a dilapidated house on the
outskirts of Washington?
"The Baltimore and Ohio Railroad is here asking for a large loan from the
people, and the wage earners and the taxpayers of these United States. It is
begging for a handout from the Government. It is standing, cap in hand, at
the door of the R.F.C. where all the jackals have gathered to the feast. It
is asking for money that was raised from the people by taxation and wants
this money of the poor for the benefit of Kuhn, Loeb and Co., the German
"Is there one law for the Baltimore and Ohio Railroad and another for the
hungry veterans it threw off its freight cars the other day? Is there one
law for sleek and prosperous swindlers who call themselves bankers and
another law for the soldiers who defended the flag? "The R.F.C. is taking
over these worthless securities from the Investment Trusts with United
States Treasury money at the expense of the American taxpayer and the wage
"It will take twenty years to redeem our Government. Twenty years of penal
servitude to pay off the gambling debts of the traitorous Fed and to vast
flood of American wages and savings, bank deposits, and the United States
Government credit which the Fed exported out of this country to their
"The Fed lately conducted an anti-hoarding campaign here. They they took
that extra money which they had persuaded the American people to put into
the banks- they sent it to Europe- along with the rest. In the last several
months, they have sent $1,300,000,000 in gold to their foreign employers,
their foreign masters, and every dollar of that gold belonged to the people
of these United States and was unlawfully taken from them.
Fiat Money. "Mr. Chairman, within the limits of the time allowed me, I
cannot enter into a particularized discussion of the Fed. I have singled out
the Fed currency for a few remarks because there has lately been some talk
here of "fiat money". What kind of money is being pumped into the open
discount market and through it into foreign channels and stock exchanges?
Mr. Mills of the Treasury has spoken here of his horror of the printing
presses and his
horror of dishonest money. He has no horror of dishonest money. If he had,
he would be no party to the present gambling of the Fed in the nefarious
open discount market of New York, a market in which the sellers are
represented by 10 discount corporations owned and organized by the very
banks which own and control the Fed.
"Fiat money, indeed! "What Mr. Mills is fighting for is the preservation,
whole and entire, of the banker's monopoly of all the currency of the United
"Mr. Chairman, last December, I introduced a resolution here asking for an
examination and an audit of the Fed and all related matters. If the House
sees fit to make such an investigation, the people of these United States
will obtain information of great value. This is a Government of the people,
by the people, for the people. Consequently, nothing should be concealed
from the people. The man who deceives the people is a traitor to these
"The man who knows or suspects that a crime has been committed and who
conceals and covers up that crime is an accessory to it. Mr. Speaker, 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
"Every effort has been made by the Fed to conceal its powers- but the truth
is- the Fed has usurped the Government. It controls everything here and it
controls all of our foreign relations. It makes and breaks governments at
"No man and no body of men is more entrenched in power than the arrogant
credit monopoly which operated the Fed. What National Government has
permitted the Fed to steal from the people should now be restored to the
people. The people have a valid claim against the Fed. If that claim is
enforced the Americans will not need to stand in the bread line, or to
suffer and die of starvation in the streets. Women will be saved, families
will be kept together, and American children will not be dispersed and
"Here is a Fed Note. Immense numbers of the notes are now held abroad. I am
told that they amount to upwards of a billion dollars. They constitute a
claim against our Government and likewise a claim against our peoples' money
to the extent of $1,300,000,000 which has within the last few months been
shipped abroad to redeem Fed Notes and to pay other gambling debts of the
traitorous Fed. The greater part of our money stock has been shipped to
"Why should we promise to pay the debts of foreigners to foreigners? Why
should the Fed be permitted to finance our competitors in all parts of the
world? Do you know why the tariff was raised? It was raised to shut out the
flood of Fed Goods pouring in here from every quarter of the globe- cheap
goods, produced by cheaply paid foreign labor, on unlimited supplies of
money and credit sent out of this Country by the dishonest and unscrupulous
"The Fed are spending $100,000,000 a week buying government securities in
the open market and are making a great bid for foreign business. They are
trying to make rates so attractive that the human hair merchants and the
distillers and other business entities in foreign land will come her and
hire more of the public credit of the United States Government to pay the
Fed outfit for getting it for them.
World Enslavement Planned.. "Mr. Chairman, when the Fed was passed, the
people of these United States
did not perceive that a world system was being set up here which would make
the savings of the American school teacher available to a narcotic-drug
vendor in Acapulco. They did not perceive that these United States was to be
lowered to the position of a coolie country which has nothing but raw
material and heart, that Russia was destined to supply the man power and
that this country was to supply the financial power to an "international
superstate". A superstate controlled by international bankers, and
international industrialists acting together to enslave the world for their
"The people of these United States are being greatly wronged. They have
been driven from their employments. They have been dispossessed from their
homes. They have been evicted from their rented quarters. They have lost
their children. They have been left to suffer and die for lack of shelter,
food, clothing and medicine.
"The wealth of these United States and the working capital have been taken
away from them and has either been locked in the vaults of certain banks and
the great corporations or exported to foreign countries for the benefit of
the foreign customers of these banks and corporations. So far as the people
of the United States are concerned, the cupboard is bare.
"It is true that the warehouses and coal yards and grain elevators are
full, but these are padlocked, and the great banks and corporations hold the
"The sack of these United States by the Fed is the greatest crime in
"Mr. Chairman, a serious situation confronts the House of Representatives
today. We are trustees of the people and the rights of the people are being
taken away from them. Through the Fed the people are losing the rights
guaranteed to them by the Constitution. Their property has been taken from
them without due process of law. Mr. Chairman, common decency requires us to
examine the public accounts of the Government and see what crimes against
the public welfare have been committed.
"What is needed here is a return to the Constitution of these United
"The old struggle that was fought out here in Jackson's time must be fought
out all over again. The independent United States Treasury should be
reestablished and the Government should keep its own money under lock and
key in the building the people provided for that purpose.
"Asset currency, the devise of the swindler, should be done away with. The
Fed should be abolished and the State boundaries should be respected. Bank
reserves should be kept within the boundaries of the States whose people own
them, and this reserve money of the people should be protected so that the
International Bankers and acceptance bankers and discount dealers cannot
draw it away from them.
Note: As goes our nation in the push by the Socialist Council on Foreign
Relations, so goes the rest of the "free" world. The CFR through its
enforcement arm, the Communist United Nations, will eventually eliminate all
freedom in this world. Only you and I can stop it. Removing the funding
provided directly by the US Taxpayer (all of our income taxes go out of the
country) will be a huge blow to the Elitists who seek to be the world
dictator thru the UN.
We have a Constitution and our Bill of Rights (the first 10 amendments) that
makes us free. Right? Then visit:
Then take a look at these sites: http://www.dixierising.com
NOTE # 1: This is the TWENTY EIGHTH doc in a string of about 38 regarding
the Income Tax, How it was illegally forced upon us, the collusion of
various nation banks, including The Bank of England, the Banks of Europe,
the Banks of the USA that make up the Non-Government organization known as
the Fed and the bankers themselves dedicated to making this a Socialist
Nation. As David Rockefeller reportedly said in 1973 when he and others
formed the Trilateral Commission, "We will have this a Socialist Nation by
the end of the year 2000." Well, with the help of our past Communist
President, he damned well nearly did it. If Comrade Gore had been elected,
it would be now! The last doc in this series is a plan that was presented to
President Bush when he visited Florida recently. It was put directly into
his hands. He has not acted upon it. We The People must initiate a campaign
of letters, faxes, e-mails, and phone calls to him and others in our
otherwise corrupt government letting them know of our displeasure. For God
and Country, Chet.
NOTE # 2: [ Should you wish to be removed from my mailing list, please
send a message with the word remove in the subject line. If you got this
from a mail list, such as email@example.com or something like that,
then it is up to the moderator or owner of the list to remove my access
based upon complaints of my material, abuse, or removal of your access if
you request it. ] Should you wish a copy of a numbered message
(this is the 28th one) that you may have missed, please e-mail me off net
for a copy of it and I will be very happy to provide it. Chet.
You may forward this to every member of Congress by using a Mail Blaster
application available on the Internet as follows:
Step 1. Access your web browser. Step 2. Type in the search block:
Step 3. Click on Send Batch E-Mail which is on the left end of the
Step 4. Type in your E-mail Address. Step 5. Click on Subject: Type in
the subject of your document.
Step 6. Click on Message: Now here you can type in your message or you can
paste a previously copied file here. You can also edit your message after
you finish with the message and before sending it.
Step 7. Then click on select a file. Here you may click on:
demhouse.txt (Socialist Democrat House Members) or,
democsen.txt (Socialist Democrats Senate Members) or,
newsorg.txt (Many of the "anchor" news folks have their email address here
for you to use) or,
rephouse.txt (Republican House of Representatives Members) or,
repubsen.txt (Republican Senate Members) or,
senators.txt (All Senators).
Step 8. After selecting the group to receive your message then click on
send batch. It will go to everyone listed in the batch.
Remember: Nothing beats a letter AND a phone call.
A Chester L McWhorter Sr, c/o504 N. Brighton Rd, Lecanto, Occupied Florida,
34461. Ph: 352-344-9073. Fax: Same. E-mail: firstname.lastname@example.org
28 of 38 220.127.116.11.0 End of part one.
"Beware the leader who bangs the drums of war in order to whip the
citizenry into a patriotic fervor, for patriotism is indeed a double-edged
sword. It both emboldens the blood, just it narrows the mind. And when the
drums of war have reached a fever pitch and the blood boils with hate and
the mind has closed, the leader will have no need in seizing the rights of
the citizenry. Rather, the citizenry, infused with fear and blinded by
partiotism, will offer up all of their rights unto the leader and gladly so.
How do I know? For this is what I have done. And I am Caesar."--Julius
<Back The Bankruptcy of the United States
American Patriot Friends Network APFN
"...a network of net workers..."
APFN Contents Page:Click Here
APFN Home Page