This quote is from a speech that Congressman Louis T. McFadden delivered to the U.S. House of Representatives on June 10, 1932…





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. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and iniquities of the Federal Reserve Board has cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the 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 maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

And remember that was in 1932 when we were on the gold standard.

Yea, after we went off the gold standard, it all got perfect.

Sheesh, the fact that you cant eat $ bills, pretty much precludes it from having any value. Yea, neither does gold, you cant eat that either.

So we need to be on the rice/wheat/corn standard.

The $ is backed by faith ... so is gold. I cant imagine any thing replacing either of the 2.

Cool.
Srinath.

Jerry Eichenberger wrote on 02/05/13 at 10:15:07:

Jerry have you not seen the results of the so called Federal Reserve Audit. They gave away 18 trillion to Wall St Banks, Foreign Banks that finance terrorist operations and so on. At the time our US debt was 16 trillion. Your post about the Wall St boys paying their debt back  was total BS. They recieved trillions behind our backs. If you're OK with that so be it. It pisses me off to no end they have the power to to that behind our backs,

Midnightrider wrote on 02/05/13 at 11:36:14:



Yea that is a good point.
Yes the fed totally screwed over the american public.
Cool.
Srinath.

JOG don't believe everything you read,books are written to make money,The real true isn't usually very interesting,So they have to make it good  and beyond the truth  to sell it.

bill67 wrote on 02/05/13 at 12:43:48:

Not always...  Read The Hot Zone by Richard Preston.  Totally true and totally scary.  And nothing to do with this, but a darn good read, and still all true.

Sri youre right, ya cant eat gold. The only thing in our favor is we're the #1 food producer. If we would cut our defense program, bring our troops home and put them to work here rebuilding our infrastructure and mowing down the criminals in Chicago, become energy independent, quit worrying about Israel and the rest of the middle east and the world as far as that goes we might stand a chance. They have to have our food right now. Thats our Ace in the whole. My health has gone to hell, dont know if I told ya I've got diabetes now. Dont know if I'll be able to or not but I'm gonna try to be in Mooresville Fri night. Dont hold me to it, right now I'm so weak I cant walk to the mailbox but if I can make it maybe we can get together. I'll stay in touch, take care my friend.

I hate it when there's more people (black or white) get killed in Chicago than in Afghanistan. I guess the drug dealers get what they deserve but the innocent law abiding ciizens cant safely walk the streets. Its a shame the most powerful country in the world cant civilise one of its own cities. But we can go after Iran because somebody said they put a monkey in space.