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 Bank, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt many times over. This evil institution has impoverished and ruined the people of these United States, and has now practically bankrupted our Government. It has done this through the defects of the law under which it operates, and through the corrupt practices of the moneyed vultures who control it. - Congressman Louis McFadden (1933)

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