CONGRESSMEN LOUIS T. MCFADDEN: The Federal Reserve (Banks) are one of the most corrupt
institutions the world has ever seen. There is not a man within the sound of my voice who does not know
that this Nation is run by the International Bankers."

Instead of the Constitutional method of creating our money and putting it into circulation, we now have
and entirely unconstitutional system. This has brought our country to the brink of disaster, as we shall
see.  Since our money was handled both legally and illegally before 1913, we shall consider only the years
following 1913, since from that year on, ALL of our money had been created and issued by an illegal
method that will eventually destroy the United States if it is not changed. Prior to 1913, America was a
prosperous, powerful, and growing nation, at peace with its neighbors and the envy of the world. But --
in December of 1913, Congress with many members away for the Christmas holidays, passed what has since been known as the FEDERAL RESERVE ACT. (For the full story of how this infamous legislation was forced through our
Congress, read "Conquest or Consent", by W. D. Vennard).

Omitting the burdensome details, it simply authorized the establishment of a Federal Reserve
Corporation, with a Board of Directors (The Federal Reserve Board) to run it, and the United States was
divided into 12 Federal Reserve "Districts." This simple, but terrible, law completely removed from Congress the right to "create" money or to have any control over its "creation", and gave that function to The Federal Reserve Corporation. This was done with appropriate fanfare and propaganda that this would "remove money from politics" (they didn't
say "and therefore from the people's control") and prevent "Boom and Bust" from hurting our citizens.
The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a
private corporation controlled by bankers and therefore is operated for the financial gain of the bankers
over the people rather than for the good of the people. The word "Federal" was used only to deceive the