"The Fed are spending $100,000,000 a week buying government
securities in the open market and are making a great bid for foreign
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
A superstate controlled by international bankers,
and international industrialists acting together to enslave the world for their own pleasure? "The people of these United States are being greatly wronged.
They have been driven from their employment's. 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 keys.
"The sack of these United States by the Fed is the greatest crime in history.
"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 (and against humanity) have been committed.
"What is needed here is a return to the Constitution of these United States.
"The old struggle that was fought out here in Jackson's time must be fought our 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.
"The Fed should be repealed, and the Fed Banks, having violated their
charters, should be liquidated immediately. Faithless Government officials
who have violated their oaths of office should be impeached and brought to
"Unless this is done by us, I predict, that the American people, outraged,
pillaged, insulted and betrayed as they are in their own land, will rise in their wrath, and will sweep the money changers out of the temple.
"Mr. Chairman, the United States is bankrupt: It has been bankrupted by
the corrupt and dishonest Fed.
It has repudiated its debts to its own citizens. Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasury making inventory arranging terms of liquidations!
Great Britain, Partner in Blackmail
"Mr. Chairman, the Fed has offered to collect the British claims in full from
the American public by trickery and corruption, if Great Britain will help to
conceal its crimes. The British are shielding their agents, the Fed, because
they do not wish that system of robbery to be destroyed here. They wish it
to continue for their benefit! By means of it, Great Britain has become the
financial mistress of the world. She has regained the position she occupied
before the World War.
"For several years (Britain) has been a silent partner in the business of the Fed.
Under threat of blackmail, or by their bribery, or by their native treachery to
the people of the United States, the officials in charge of the Fed unwisely
gave Great Britain immense gold loans running into hundreds of millions of
dollars. They did this against the law! Those gold loans were not single
transactions. They gave Great Britain a borrowing power in the United
States of billions. She squeezed billions out of this Country by means of her
control of the Fed.
"As soon as the Hoover Moratorium was announced, Great Britain moved
to consolidate her gains. After the treacherous signing away of American
rights at the 7-power conference at London in July, 1931, which put the Fed
under the control of the Bank of International Settlements, Great Britain
began to tighten the hangman's noose around the neck of the United
"She (Great Britain) abandoned the gold standard and embarked on a campaign of buying up the claims of foreigners against the Fed in all parts of the world.
She has now sent her bailiff, Ramsey MacDonald, here to get her war debt to this country canceled. But she has a club in her hands! She has title to the gambling debts which the corrupt and dishonest Fed incurred abroad.
"Ramsey MacDonald, the labor party deserter, has come here to compel the President to sign on the dotted line, and that is what Roosevelt is about
to do! Roosevelt will endeavor to conceal the nature of his action from the
American people. But he will obey the International Bankers and transfer
the war debt that Great Britain should pay to the American people, to the
shoulders of the American taxpayers.
"Mr. Chairman, the bank holiday in the several States was brought about by
the corrupt and dishonest Fed. These institutions manipulated money and
credit, and caused the States to order bank holidays.
"These holidays were frame-ups! "They were dress rehearsals for the
national bank holiday which Franklin D. Roosevelt promised Sir Ramsey
MacDonald that he would declare.
"There was no national emergency here when Franklin D. Roosevelt took
office excepting the bankruptcy of the Fed- a bankruptcy which has been going on under cover for several years and which has been concealed from the people so that the people would continue to permit their bank deposits and their bank reserves and their gold and the funds of the United States
Treasury to be impounded in these bankrupt institutions.
"Under cover, the predatory International Bankers have been stealthily
transferring the burden of the Fed debts to the people's Treasury and to the
They the farms and the homes of the United States to
pay for their thievery!
That is the only national emergency that there has been here since the depression began.
"The week before the bank holiday was declared in New York State, the
deposits in the New York savings banks were greater than the withdrawals.
There were no runs on New York Banks. There was no need of a bank holiday in New York, or of a national holiday.
Roosevelt and the International Bankers
"Roosevelt did what the International Bankers ordered him to do!
"Do not deceive yourself, Mr. Chairman, or permit yourself to be deceived
by others into the belief that Roosevelt's dictatorship is in any way intended to benefit the people of the United States: he is preparing to sign on the
dotted line! "He is preparing to cancel the war debts by fraud!
"He is preparing to internationalize this Country and to destroy our
Constitution itself in order to keep the Fed intact as a money institution for
"Mr. Chairman, I see no reason why citizens of the United States should be
terrorized into surrendering their property to the International Bankers who own and control the Fed.
The statement that gold would be taken from its lawful owners if they did not voluntarily surrender it, to private interests, show that there is an anarchist in our Government.
"The statement that it is necessary for the people to give their gold- the only real money- to the banks in order to protect the currency, is a statement of calculated dishonesty!
"By his unlawful usurpation of power on the night of March 5, 1933, and by
his proclamation, which in my opinion was in violation of the Constitution of
the United States, Roosevelt divorced the currency of the United States
from gold, and the United States currency is no longer protected by gold. It
is therefore sheer dishonesty to say that the people's gold is needed to
protect the currency.
"Roosevelt ordered the people to give their gold to private interests- that is, to banks, and he took control of the banks so that all the gold and gold
values in them, or given into them, might be handed over to the predatory
International Bankers who own and control the Fed.
"Roosevelt cast his lot with the usurers.
"He (Roosevelt) agreed to save the corrupt and dishonest at the expense of the people of the United States.
"He took advantage of the people's confusion and weariness and spread the dragnet over the United States to capture everything of value that was left in it. He made a great haul for the International Bankers.
"The Prime Minister of England came here for money! He came here to
"He came here with Fed Currency and other claims against the Fed which
England had bought up in all parts of the world. And he has presented them
for redemption in gold.
"Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I
see no reason why the general public should be forced to pay the gambling
debts of the International Bankers.
Roosevelt Seizes the Gold
"By his action in closing the banks of the United States, Roosevelt seized
the gold value of forty billions or more of bank deposits in the United States
banks. Those deposits were deposits of gold values. By his action he has
rendered them payable to the depositors in paper only, if payable at all,
and the paper money he proposes to pay out to bank depositors and to the
people generally in lieu of their hard earned gold values in itself, and being
based on nothing into which the people can convert it the said paper
money is of negligible value altogether.
"It is the money of slaves, not of free men.
If the people of the United States permit it to be imposed upon them at the will of their credit masters, the next step in their downward progress will be their acceptance of orders on company stores for what they eat and wear. Their case will be similar to that of starving coal miners. They, too, will be paid with orders on Company stores for food and clothing, both of indifferent quality and be forced to live in Company-owned houses from which they may be evicted at the drop of a
hat. More of them will be forced into conscript labor camps under
"At noon on the 4th of March, 1933, FDR with his hand on the Bible, took
an oath to preserve, protect and defend the Constitution of the U.S. At
midnight on the 5th of March, 1933, he confiscated the property of
American citizens. He took the currency of the United States standard of
value. He repudiated the internal debt of the Government to its own
citizens. He destroyed the value of the American dollar. He released, or
endeavored to release, the Fed from their contractual liability to redeem
Fed currency in gold or lawful money on a parity with gold. He depreciated
the value of the national currency.
"The people of the U.S. are now using unredeemable paper slips for
The U.S. Treasury cannot redeem that paper in gold or silver.
The gold and silver of the Treasury has unlawfully been given to the corrupt and
And the Administration has since had the effrontery to raid
the country for more gold for the private interests by telling our patriotic
citizens that their gold is needed to protect the currency.
"It is not being used to protect the currency! It is being used to protect the
corrupt and dishonest Fed.
"The directors of these institutions have committed criminal offense against the United States Government, including the offense of making false entries on their books, and the still more serious offense of unlawfully abstracting funds from the United States Treasury!
"Roosevelt's gold raid is intended to help them out of the pit they
dug for themselves when they gambled away the wealth and savings of the
"The International Bankers set up a dictatorship here because they wanted
a dictator who would protect them. They wanted a dictator who would
protect them. They wanted a dictator who would issue a proclamation
giving the Fed an absolute and unconditional release from their special
currency in gold, or lawful money of any Fed Bank.
"Has Roosevelt relieved any other class of debtors in this country from the
necessity of paying their debts?
Has he made a proclamation telling the farmers that they need not pay their mortgages? Has he made a proclamation to the effect that mothers of starving children need not pay their milk bills? Has he made a proclamation relieving householders from the necessity of paying rent?
Roosevelt's Two Kinds of Laws
"Not he! He has issued one kind of proclamation only, and that is a
proclamation to relieve international bankers and the foreign debtors of the
United States Government.
"Mr. Chairman, the gold in the banks of this country belongs to the
American people who have paper money contracts for it in the form of
national currency. If the Fed cannot keep their contracts with United States
citizens to redeem their paper money in gold, or lawful money, then the Fed
must be taken over by the United States Government and their officers
must be put on trial.
"There must be a day of reckoning.
If the Fed have looted the Treasury so that the Treasury cannot redeem the United States currency for which it is liable in gold, then the Fed must be driven out of the Treasury.
"Mr. Chairman, a gold certificate is a warehouse receipt for gold in the Treasury, and the man who has a gold certificate is the actual owner of a
corresponding amount of gold stacked in the Treasury subject to his order.
"Now comes Roosevelt who seeks to render the money of the United
States worthless by unlawfully declaring that it may No Longer be converted
into gold at the will of the holder.
"Roosevelt's next haul for the International Bankers was
the reduction in the pay of all Federal employees.
"Next in order are the veterans of all wars, many of whom are aged and
infirm, and other sick and disabled. These men had their lives adjusted for
them by acts of Congress determining the amounts of the pensions, and,
while it is meant that every citizen should sacrifice himself for the good of
the United States, I see no reason why those poor people, these aged Civil
War Veterans and war widows and half-starved veterans of the World War,
should be compelled to give up their pensions for the financial benefit of
the International vultures who have looted the Treasury, bankrupted the
country and traitorously delivered the United States to a foreign foe.
"There are many ways of raising revenue that are better than that barbaric act of injustice.
"Why not collect from the Fed the amount they owe the U.S. Treasury in
interest on all the Fed currency they have taken from the Government?
That would put billions of dollars into the U.S. Treasury.
"If FDR is as honest as he pretends to be, he will have that done
immediately. And in addition, why not compel the Fed to disclose their
profits and to pay the Government its share?
"Until this is done, it is rank dishonesty to talk of maintaining the credit of
the U.S. Government. "My own salary as a member of Congress has been
reduced, and while I am willing to give my part of it that has been taken
away from me to the U.S. Government, I regret that the U.S. has suffered
itself to be brought so low by the vultures and crooks who are operating the
roulette wheels and faro tables in the Fed, that is now obliged to throw itself
on the mercy of its legislators and charwomen, its clerks, and it poor
pensioners and to take money out of our pockets to make good the
defalcations of the International Bankers who were placed in control of the
Treasury and given the monopoly of U.S. Currency by the misbegotten Fed.
"I am well aware that the International Bankers who drive up to the door of
the United States Treasury in their limousines, look down with scorn upon
members of Congress because we work for so little, while they draw
millions a year. The difference is that we earn, or try to earn, what we get-
and they steal the greater part of their takings.
Enemies of the People They Rob
"I do not like to see vivisection's performed on human beings. I do not like
to see the American people used for experimental purposes by the credit
masters of the United States. They predicted among themselves that they
would be able to produce a condition here in which American citizens
would be completely humbled and left starving and penniless in the streets.
"The fact that they made that assertion while they were fomenting their
conspiracy against the United States that they like to see a human being,
especially an American, stumbling from hunger when he walks.
"Something should be done about it, they say. Five-cent meals, or something!
"But,FDR will not permit the House of Representatives to investigate the
condition of the Fed. FDR will not do that. He has certain International
Bankers to serve. They look to him as the man Higher Up who will
protect them from the just wrath of an outraged people.
"The International Bankers have always hated our pensioners. A man with
a small pension is a ward of the Government. He is not dependent upon
them for a salary or wages. They cannot control him. They do not like him. It gave them great pleasure, therefore, to slash the veterans.
"But FDR will never do anything to embarrass his financial supporters. He
will cover up the crimes of the Fed.
"Before he was elected, Mr. Roosevelt advocated a return to the earlier
practices of the Fed, thus admitting its corruptness. The Democratic
platform advocated a change in the personnel of the Fed. These were
As a prominent Democrat lately remarked to me; "There is no new deal. The same old crowd is in control."
"The claims of foreign creditors of the Fed have no validity in law.
The foreign creditors were the receivers- and the willing receivers- of stolen goods! They have received through their banking fences immense
amounts of currency, and that currency was unlawfully taken from the United
States Treasury by the Fed.
"England discovered the irregularities of the Fed quite early in its
operations and through fear, apparently, the Fed have for years suffered themselves to be blackmailed and dragooning England to share in the business of the Fed.
"The Fed have unlawfully taken many millions of dollars of the public credit of the United States and have given it to foreign sellers on the security of the Debt paper of foreign buyers in purely foreign transactions, and when the foreign buyers refused to meet their obligations
and the Fed saw no honest way of getting the stolen goods back into their
possession, they decided by control of the executive to make the American
people pay their losses!
Conspiracy of War Debts
"They likewise entered into a conspiracy to deprive the people of the U.S.
of their title to the war debts and not being able to do that in the way they
intended, they are now engaged in an effort to debase the American dollar
so that foreign governments will have their debts to this country cut in two,
and then by means of other vicious underhanded arrangements, they
propose to remit the remainder.
"So far as the U.S. is concerned, the gambling counters have no legal standing.
The U.S. Treasury cannot be compelled to make good the gambling ventures of the corrupt and dishonest Fed.
Still less should the bank deposits of the U.S. be used for that purpose.
Still less should the national currency have been made irredeemable in gold so that the gold which was massed and stored to redeem the currency for American citizens may be used to pay the gambling debts of the Fed for England's benefit.
"The American people should have their gold in their own possession where it cannot be held under secret agreement for any foreign control bank, or world bank, or oreign nation. Our own citizens have the prior claim to it. The paper [money men] have in their possession deserves
redemption far more than U.S. currency and credit which was stolen from
the U.S. Treasury and bootlegged abroad.
"Why should the foreigners be made preferred creditors of the bankrupt
U.S.? Why should the U.S. be treated as bankrupt at all?
This Government has immense sums due it from the Fed. The directors of these institutions are men of great wealth. Why should the guilty escape the consequences
of their misdeeds? Why should the people of these U.S. surrender the
value of their gold bank deposits to pay off the gambling debts of these
bankers? Why should Roosevelt promise foreigners that the U.S. will play
the part of a good neighbor, 'meeting its obligations'?
"Let the Fed meet their own obligations.
"Every member of the Fed should be compelled to disgorge, and every
acceptance banker and every discount corporation which has made illegal
profits by means of public credit unlawfully bootlegged out of the U.S.
Treasury and hired out by the crooks and vultures of the Fed should be
compelled to disgorge.
Federal Reserve Pays No Taxes
"Gambling debts due to foreign receivers of stolen goods should not be
paid by sacrificing our title to our war debts, the assets of the U.S.
Treasury- which belong to all the people of the U.S. and which it is our duty
to preserve inviolate in the people's treasury.
"The U.S. Treasury cannot be made liable for them.
The Fed currency must be redeemed by the Fed banks or else these Fed banks must be liquidated.
"We know from assertions made here by the Hon. John N. Garner,
Vice-President of the U.S. that there is a condition in the [United States
such] would cause American citizens, if they knew what it was, to lose all
confidence in their government.
"That is a condition that Roosevelt will not have investigated. He has brought with him from Wall Street, James Warburg, the son of Paul M.Warburg. Mr. Warburg, alien born, and the son of an alien who did not become naturalized here until several years after this Warburg's birth, is a son of a former partner of Kuhn, Loeb and Co., a grandson of another partner, a nephew of a former partner, and a nephew of a present partner.
"He holds no office in our Government, but I am told that he is in daily
attendance at the Treasury, and that he has private quarters there! In other
words, Mr. Chairman, Kuhn, Loeb and Company now has control and occupy the U.S. Treasury.
Preferred Treatment for Foreigners
"The text of the Executive order which seems to place an embargo on
shipments of gold permits the Secretary of the Treasury, a former director
of the corrupt, to issue licenses at his discretion for the export of gold coin,
or bullion, earmarked or held in trust for a recognized foreign government
or foreign central bank for international settlement.
Now, Mr. Chairman, if gold held in trust for those foreign institutions may be sent to them, I see no reason why gold held in trust for American as evidenced by their gold certificates and other currency issued by the U.S. Government should not
be paid to them.
"I think that American citizens should be entitled to treatment at least as good as that which the person is extending to foreign governments, foreign central banks, and the bank of International Settlements. I think a veteran of the world war, with a $20.00 gold certificate, is at least as much entitled to receive his own gold for it, as any international banker in the city of New York or London.
"By the terms of this executive order, gold may be exported if it is actually required, for the fulfillment of any contract entered into prior to the date of this order by an applicant who, in obedience to the executive order of April
5, 1933, has delivered gold coin, gold bullion, or gold certificates. "This
means that gold may be exported to pay the obligations abroad of the Fed
which were incurred prior to the date of the order, namely, April 20, 1933.
"If a European Bank should send 100,000,000 dollars in Fed currency to a
bank in this country for redemption, that bank could easily ship gold to
Europe in exchange for that currency. Such Fed currency would represent
"contracts" entered into prior to the date of the order. If the Bank of
International Settlements or any other foreign bank holding any of the
present gambling debt paper of the Fed should draw a draft for the settlement of such obligation, gold would be shipped to them because the debt contract would have been entered into prior to the date of order.
Crimes and Criminals
"Mr. Speaker, I rise to a question of constitutional privilege.
"Whereas, I charge. . .Eugene Meyer, Roy A. Young, Edmund Platt,
Eugene B. Black, Adolph Casper Miller, Charles S. Hamlin, George R.
James, Andrew W. Mellon, Ogden L. Mills, William H. Woo W. Poole,
J.F.T. O'Connor, members of the Federal Reserve Board; F. H. Curtis, J.H.
Chane, R.L. Austin, George De Camp, L.B. Williams, W.W. Hoxton, Oscar
Newton, E.M. Stevens, J.S. Wood, J.N. Payton, M.L. McClure, C.C. Walsh,
Isaac B. Newton, Federal Reserve Agents, jointly and severally, with
violations of the Constitution and laws of the United States, and whereas I
charge them with having taken funds from the U.S Treasury which were not
appropriated by the Congress of the United States, and I charge them with
having unlawfully taken over $80,000,000,000 from the U.S. Government in
the year 1928, the said unlawful taking consisting of the unlawful creation of
claims against the U.S. Treasury to the extent of over $80,000,000,000 in
the year 1928; and I charge them with similar thefts committed in 1929,
1930, 1931, 1932 and 1933, and in years previous to 1928, amounting to
billions of dollars; and
"Whereas I charge them, jointly and severally with having unlawfully created
claims against the U.S. Treasury by unlawfully placing U.S. Government
credit in specific amounts to the credit of foreign governments and foreign
central banks of issue; private interests and commercial and private banks
of the U.S. and foreign countries, and branches of foreign banks doing
business in the U.S., to the extent of billions of dollars; and with having
made unlawful contracts in the name of the U.S. Government and the U.S.
Treasury; and with having made false entries on books of account; and
"Whereas I charge them jointly and severally, with having taken Fed Notes
from the U.S. Treasury and with having put Fed Notes into circulation
without obeying the mandatory provision of the Fed Act which requires the
Fed Board to fix an interest rate on all issues of Fed Notes supplied to Fed
Banks, the interest resulting therefrom to be paid by the Fed Banks to the
government of the U.S. for the use of the Fed Notes, and I charge them of
having defrauded the U.S. Government and the people of the U.S. of
billions of dollars by the commission of this crime, and
"Whereas I charge them, jointly and severally, with having purchased U.S.
Government securities with U.S. Government credit unlawfully taken and
with having sold the said U.S. Government securities back to the people of
the U.S. for gold or gold values and with having again purchased U.S.
Government securities with U.S. Government credit unlawfully taken and
with having again sold the said U.S. Government security for gold or gold
values, and I charge them with having defrauded the U.S. Government and
the people of the U.S. by this rotary process; and
"Whereas I charge them, jointly and severally, with having unlawfully
negotiated U.S. Government securities, upon which the Government
liability was extinguished, as collateral security for Fed Notes and with
having substituted such securities for gold which was being held as
collateral security for Fed Notes, and with having by the process defrauded
the U.S. Government and the people of the U.S., and I charge them with the
theft of all the gold and currency they obtained by this process; and
"Whereas I charge them, jointly and severally, with having unlawfully issued
Fed currency on false, worthless and fictitious acceptances and other
circulating evidence of debt, and with having made unlawful advances of
Fed currency, and with having unlawfully permitted renewals of
acceptances and renewals of other circulating evidences of debt, and with
having permitted acceptance bankers and discount dealer corporations
and other private bankers to violate the banking laws of the U.S.; and
"Whereas I charge them, jointly and severally, with having conspired to
have evidences of debt to the extent of $1,000,000,000 artificially created
at the end of February, 1933, and early in March 1933, and with having
made unlawful issues and advances of Fed currency on the security of said
artificially created evidences of debt for a sinister purpose, and with having
assisted in the execution of said sinister purpose; and
"Whereas I charge them, jointly and severally, with having brought about the
repudiation of the currency obligations of the Fed Banks to the people of
the U.S. and with having conspired to obtain a release for the Fed Board
and the Fed Banks from their contractual liability to redeem all Fed
currency in gold or lawful money at the Fed Bank and with having
defrauded the holders of Fed currency, and with having conspired to have
the debts and losses of the Fed Board and the Fed Banks unlawfully
transferred to the Government and the people of the U.S., and
"Whereas I charge them, jointly and severally, with having unlawfully
substituted Fed currency and other irredeemable paper currency for gold in
the hands of the people after the decision to repudiate the Fed currency
and the national currency was made known to them, and with thus having
obtained money under false pretenses; and
"Whereas I charge them, jointly and severally, with having brought about a
repudiation of the notes of the U.S. in order that the gold value of the said
currency might be given to private interests, foreign governments, foreign
central banks of issues, and the Bank of International Settlements, and the
people of the U.S. to be left without gold or lawful money and with no
currency other that a paper currency irredeemable in gold, and I charge
them with having done this for the benefit of private interests, foreign
governments, foreign central banks of issue, and the bank of International
"Whereas I charge them, jointly and severally, with conniving with the Edge
Law banks, and other Edge Law institutions, accepting banks, and
discount corporations, foreign central banks of issue, foreign commercial
banks, foreign corporations, and foreign individuals with funds unlawfully
taken from the U.S. Treasury; and I charge them with having unlawfully
permitted and made possible 'new financing' for foreigners at the expense
of the U.S. Treasury to the extent of billions of dollars and with having
unlawfully permitted and made possible the bringing into the United States
of immense quantities of foreign securities, created in foreign countries for
export to the U.S. and with having unlawfully permitted the said foreign
securities to be imported into the U.S. instead of gold, which was lawfully
due to the U.S. on trade balances and otherwise, and with having lawfully
permitted and facilitated the sale of the said foreign securities in the U.S.,
"Whereas I charge them, jointly and severally, with having unlawfully
exported U.S. coins and currency for a sinister purpose, and with having
deprived the people of the U.S. of their lawful medium of exchange, and I
charge them with having arbitrarily and unlawfully reduced the amount of
money and currency in circulation in the U.S. to the lowest rate per capita in
the history of the Government, so that the great mass of the people have
been left without a sufficient medium of exchange, and I charge them with
concealment and evasion in refusing to make known the amount of U.S.
money in coins and paper currency exported and the amount remaining in
the U.S. as a result of which refusal the Congress of the U.S. is unable to
ascertain where the U.S. coins and issues of currency are at the present
time, and what amount of U.S. currency is now held abroad; (M1,M2,M3 2007)and
"Whereas I charge them, jointly and severally, with having arbitrarily and
unlawfully raised and lowered the rates of money and with having arbitrarily
increased and diminished the volume of currency in circulation for the
benefit of private interests at the expense of the Government and the
people of the U.S. and with having unlawfully manipulated money rates,
wages, salaries and property values both real and personal, in the U.S. by
unlawful operations in the open discount market and by resale and
repurchase agreements unsanctioned by law, and
"Whereas I charge them jointly and severally, with having brought about the
decline in prices on the New York Stock Exchange and other exchanges in
October, 1929, by unlawful manipulation of money rates and the volume of
U.S. money and currency in circulation: by theft of funds from the U.S.
Treasury by gambling in acceptances and U.S. Government securities; by
service rendered to foreign and domestic speculators and politicians, and
by unlawful sale of U.S. gold reserves abroad, and
"Whereas the unconstitutional inflation law imbedded in the so-called Farm
Relief Act by which the Fed Banks are given permission to buy U.S.
Government securities to the extent of $3,000,000,000 and to draw forth
currency from the people's Treasury to the extent of $3,000,000,000 is
likely to result in connivance on the part of said accused with others in the
purchase by the Fed of the U.S. Government securities to the extent of
$3,000,000,000 with U.S. Government's own credit unlawfully taken, it
being obvious that the Fed do no not intend to pay anything of value to the
U.S. Government for the said U.S. Government securities no provision for
payment in gold or lawful money appearing in the so-called Farm Relief bill-
and the U.S. Government will thus be placed in a position of conferring a
gift of $3,000,000,000 in the U.S. Government securities on the Fed to
enable them to pay more on their bad debts to foreign governments,
foreign central banks of issue, private interests, and private and
commercial banks, both foreign and domestic, and the Bank of
International Settlements, and
"Whereas the U.S. Government will thus go into debt to the extent of
$3,000,000,000 and will then have an additional claim of $3,000,000,000
in currency unlawfully created against it and whereas no private interest
should be permitted to buy U.S. Government securities with the
Government's own credit unlawfully taken and whereas currency should not
be issued for the benefit of said private interest or any interests on U.S.
Government securities so acquired, and whereas it has been publicly
stated and not denied that the inflation amendment of the Farm Relief Act
is the matter of benefit which was secured by Ramsey MacDonald, the
Prime Minister of Great Britain, upon the occasion of his latest visit to the
U.S. Treasury, and whereas there is grave danger that the accused will
employ the provision creating U.S. Government securities to the extent of
$3,000,000,000 and three millions in currency to be issuable thereupon for
the benefit of themselves and their foreign principals, and that they will
convert the currency so obtained to the uses of Great Britain by secret
arrangements with the Bank of England of which they are the agents, and
for which they maintain an account and perform services at the expense of
the U.S. Treasury, and that they will likewise confer benefits upon the Bank
of International Settlements for which they maintain an account and perform
services at the expense of the U.S. Treasury; and
"Whereas I charge them, jointly and severally, with having concealed the
insolvency of the Fed and with having failed to report the insolvency of the
Fed to the Congress and with having conspired to have the said insolvent
institutions continue in operation, and with having permitted the said
insolvent institutions to receive U.S. Government funds and other deposits,
and with having permitted them to exercise control over the gold reserves
of the U.S. and with having permitted them to transfer upward of
$100,000,000,000 of their debts and losses to the general public and the
Government of the U.S., and with having permitted foreign debts of the Fed
to be paid with the property, the savings, the wages, and the salaries of the
people of the U.S. and with the farms and the homes of the American
people, and whereas I charge them with forcing the bad debts of the Fed
upon the general public covertly and dishonestly and and with taking the
general wealth and savings of the people of the U.S. under false pretenses,
to pay the debts of the Fed to foreigners; and
"Whereas I charge them, jointly and severally, with violations of the Fed Act
and other laws; with maladministration of the h evasions of the Fed Law
and other laws; and with having unlawfully failed to report violations of law
on the part of the Fed Banks which, if known, would have caused the Fed
Banks to lose their charters, and
"Whereas I charge them, jointly and severally, with failure to protect and
maintain the gold reserves and the gold stock and gold coinage of the U.S.
and with having sold the gold reserves of the U.S to foreign Governments,
foreign central banks of issue, foreign commercial and private banks, and
other foreign institutions and individuals at a profit to themselves, and I
charge them with having sold gold reserves of the U.S. so that between
1924 and 1928 the U.S. gained no gold on net account but suffered a
decline in its percentage of central gold reserves from the 45.9 percent in
1924 to 37.5 percent in 1928 notwithstanding the fact that the U.S. had a
favorable balance of trade throughout that period, and
"Whereas I charge them, jointly and severally, with having conspired to
concentrate U.S. Government securities and thus the national debt of the
U.S. in the hands of foreigners and international money lenders and with
having conspired to transfer to foreigners and international money lenders
title to and control of the financial resources of the U.S.; and
"Whereas I charge them, jointly and severally, with having fictitiously paid
installments on the national debt with Government credit unlawfully taken;
"Whereas I charge them, jointly and severally, with the loss of the U.S.
Government funds entrusted to their care; and
"Whereas I charge them, jointly and severally, with having destroyed
independent banks in the U.S. and with having thereby caused losses
amounting to billions of dollars to the said banks, and to the general public
of the U.S., and
"Whereas I charge them, jointly and severally, with the failure to furnish true
reports of the business operations and the true conditions of the Fed to the
Congress and the people, and having furnished false and misleading
reports to the congress of the U.S., and
"Whereas I charge them, jointly and severally, with having published false
and misleading propaganda intended to deceive the American people and
to cause the U.S. to lose its independence; and
"Whereas I charge them, jointly and severally, with unlawfully allowing Great
Britain to share in the profits of the Fed at the expense of the Government
and the people of the U.S.; and
"Whereas I charge them, jointly and severally, with having entered into
secret agreements and illegal transactions with Montague Norman,
Governor of the Bank of England; and
"Whereas I charge them, jointly and severally, with swindling the U.S.
Treasury and the people of the U.S. in pretending to have received
payment from Great Britain of the amount due on the British ware debt to
the U.S. in December, 1932; and
"Whereas I charge them, jointly and severally, with having conspired with
their foreign principals and others to defraud the U.S. Government and to
prevent the people of the U.S. from receiving payment of the war debts due
to the U.S. from foreign nations; and
"Whereas I charge them, jointly and severally, with having robbed the U.S
Government and the people of the U.S. by their theft and sale of the gold
reserves of the U.S. and other unlawful transactions created a deficit in the
U.S. Treasury, which has necessitated to a large extent the destruction of
our national defense and the reduction of the U.S. Army and the U.S. Navy
and other branches of the national defense; and
"Whereas I charge them, jointly and severally, of having reduced the U.S.
from a first class power to one that is dependent, and with having reduced
the U.S. from a rich and powerful nation to one that is internationally poor;
"Whereas I charge them, jointly and severally, with the crime of having
treasonable conspired and acted against the peace and security of the
U.S. and with having treasonable conspired to destroy constitutional
Government in the U.S.
"Resolve, That the Committee on the Judiciary is authorized and directed
as a whole or by subcommittee, to investigate the official conduct of the
Fed agents to determine whether, in the opinion of the said committee,
they have been guilty of any high crime or misdemeanor which in the
contemplation the Constitution requires the interposition of the
Constitutional powers of the House. Such Committee shall report its finding
to the House, together with such resolution or resolutions of impeachment
or other recommendations as it deems proper.
"For the purpose of this resolution the Committee is authorized to sit and
act during the present Congress at such times and places in the District of
Columbia or elsewhere, whether or not the House is sitting, has recessed
or has adjourned, to hold such clerical, stenographic, and other assistants,
to require of such witnesses and the production of such books, papers, and
documents, to take such testimony, to have such printing and binding done,
and to make such expenditures as it deems necessary."
After some discussion and upon the motion of Mr. Byrns, the resolution and
charge was referred to the Committee on the Judiciary.
"Attacks on McFadden's Life Reported"
Commenting on Former Congressman Louis T. McFaddens's
"heart-failure sudden-death" on Oct. 3, 1936, after a "dose" of "intestinal
flu," "Pelley's Weekly" of Oct. 14 said:
Now that this sterling American patriot has made the Passing, it
can be revealed that not long after his public utterance against
the encroaching powers of Judah, it became known among his
intimates that he had suffered two attacks against his life.
The first attack came in the form of two revolver shots fired at him
from ambush as he was alighting from a cab in front of one of
the Capital hotels. Fortunately both shots missed him, the
bullets burying themselves in the structure of the cab.
"He became violently ill after partaking of food at a political
banquet at Washington. His life was only saved from what was
subsequently announced as a poisoning by the presence of a
physician friend at the banquet, who at once procured a stomach
pump and subjected the Congressman to emergency treatment." /s/
Robert Edward Edmondson (Publicist-Economist)
President Andrew Jackson stated in reference to
the bankers at the state of his administration: "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out."
1)the vast ramifications of this gigantic private credit monopoly
2)concerning banking and currency affairs