Written by: Evan D. Gregory
“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.”
This was said by Congressman Louis T. McFadden, on his explanation of the Central Bank of the United States.What may astound you is that he was quoted as saying this back in 1932, currently the Federal Reserve has still not been audited, challenged, or forced to explain any of the actions that they are responsible for to this day.
Since it’s creation in 1913 the value of our currency has been in a constant decline, with it being at an all time low as of recently. These absolute rulers of the American money system have absolute control over how much money is printed and the interest rates at which the money is created. All of these components are put into motion daily with the sole intention of making themselves and bankers around the world richer in the process. Physical slavery might have been abolished with the Emancipation Proclamation in 1863, but it is still very much exists today, it just isn’t called slavery anymore, and it’s called debt.
Though the long and costly campaign of tyranny that the Federal Reserve has imposed on its own people has been going on for a long 98 years now, the day of reckoning has finally come for the board of the Federal Reserve with the Federal Transparency Act passing today in a landslide victory 327 to 98. This act, tailored by Ron Paul, will not change the way that the Federal Reserve functions, but the results of the audits will now be available to Congress. This act, which now moves onto the Senate, could mean the end of the trillions of dollars of debt, the secret deals in Washington, and all of these failed bailouts, but most importantly, we will finally cast light on the international players responsible for this banking folly.