History Lesson: Federal Reserve

[BeHereNow]

http://www.federal-reserve.net/
Intro:

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
Impeachment was thereafter referred to the
Judiciary Committee and has yet to be acted on.
So, this electronic booklet should be reprinted, reposted,
set up on web pages and circulated far and wide.

Snip to:
"
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 seen 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 cause 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 States Government."

BHN