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  4.  » The (((Fed))) Used America’s Credit to Built the USSR

HenryMakow.com – June 20, 2022

Hon. Louis T. McFadden of Pennsylvania was Chair of the House Banking Committee 1920-1931.

In a colony such as the USA, traitors are honored while the nation’s true defenders are marginalized and forgotten. This is the case with Louis T. McFadden, a great American hero who shows here how, due to a massive identity and credit theft,

Americans paid for their own enslavement and that of millions of others.

For his trouble, McFadden was murdered.

…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 – 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 maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it”:

by Louis T. McFadden – (henrymakow.com) from June 7, 2011

Excerpt from:  “Financial Interests Should Not Dictate Foreign Policy of United States Government.” U.S. Congressional Record, Thursday, June 15, 1933 (legislative day of Wednesday, June 14)

Louis T. McFadden

Full Speech Here
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The Soviet Government has been given United States Treasury funds by the Federal Reserve Board and the Federal Reserve banks acting through the Chase Bank and the Guaranty Trust Co. and other banks in New York City.

England, no less than Germany, has drawn money from us through the Federal Reserve banks and has re-lent it at high rates of interest to the Soviet Government or has used it to finance her sales to Soviet Russia and her engineering works within the Russian boundaries. The Dnieperstroy Dam was built with funds unlawfully taken from the United States Treasury by the corrupt and dishonest Federal Reserve Board and the Federal Reserve banks.

Mr. Speaker, our workingmen have been told that Russia is the best country in the world to-day for a workingman to live in. They have been made to regret that they cannot go to Russia to work on one of the great enterprises being carried on by the Soviet Government from which American workingmen are excluded.

 

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