Congressman Mcfadden’s 6/10/1932 Federal Reserve Speech
July 4, 2026
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Writes Bill Madden:
This link takes you to a speech concerning our unconstitutional Federal Reserve Bank by Congressman Louis McFadden, Chairman of the House Banking Committee. Most of the world’s central banks are alleged to be “Rothschild banks” where the money (fiat currency since 8/15/1971) that they loan to governments and large corporations is created from nothing. To repay bank loans, one must earn, inherit or steal the money, however.
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The only real congressional opposition to the Federal Reserve in recent years was from Texas Congressman Ron Paul.
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According to a Rothschild book that I’m now finishing, the Rothschilds helped finance both sides of our Civil War in addition to both World Wars. Interestingly, they also sent the British military to conquer the Boer territory in South Africa where the diamonds and gold were discovered. Their representative was Cecil Rhodes. To this day, the price of gold is fixed daily by the Rothschilds.
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If you make a lot of money creating money from nothing and loaning it to governments at interest and if governments require a lot of money when they are at war, you can easily understand why there are so many wars.
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The Best of Llewellyn H. Rockwell, Jr.
Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
