Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Sharp_End_Of_Drill who wrote (4539)	11/28/2001 3:27:34 PM
From: SliderOnTheBlack	Read Replies (1) of 36161

re: Gold; it's time has come ~ (Another History Lesson...ie: the inevitable historic repugnance that both Rubin & Greenspan have earned for what they created with the unbridled financial/dollar bubble that is now unraveling) Louis T. McFadden's address to the House of Representatives-1932 Louis T. McFadden was the Chairman of the Committee on Banking and Currency, who had 4 attempts on his life and was murdered on the 5th attempt. “Mr. Chairman…We have been dealing with the effect of things rather than with the cause of things…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 iniquities of the Federal Reserve Board and Federal Reserve Banks acting together have 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. It has done this through…the corrupt practices of the moneyed vultures who control it…The Federal Reserve Banks…are private credit monopolies which prey upon the people of the United States for the benefit of themselves…The Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free country the worm eaten monarchial institution of the “king’s bank” to control us from the cradle to the grave… In other words, the imperial power of elasticity of the public currency is wielded exclusively by these central corporations owned by the banks…Why should our national-bank depositors and our government be forced to finance the munitions factories of Germany and Soviet Russia?…The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing…This is the John Law swindle again. The theft of Teapot Dome was trifling compared to it. What king ever robbed his subjects to such an extent as the Federal Reserve Board and the Federal Reserve Banks have robbed us? …I have singled out the Federal reserve currency for a few remarks because there has lately been some talk of her ‘fiat money’…Fiat money indeed!…Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will…when the Federal Reserve Act was passed the people of the United States did not perceive that a world system was being set up here which would make the savings of an American schoolteacher available to a narcotic-drug vendor in Macao. They did not perceive that the United States was to be lowered to the position of a coolie country which has nothing but raw materials and heavy goods for export; that Russia was destined to supply man power and that this country was to supply financial power to an international super state—a super state controlled by international bankers and international industrialists acting together to enslave the world…” ...history; such an amazing teacher ~

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