onwebcam

Congressman Patman: "Mr. Eccles, how did you get the money to buy those two billions of government securities?"

Eccles: "We created it."

Patman: "Out of what?"

Eccles: "Out of the right to issue credit money."

Marriner Eccles, Chairman of the Federal Reserve Board, before the House Banking and Currency Committee, Sept. 30, 1941:

If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do.....Only commercial banks and trust companies can lend money that they manufacture by lending it.
Professor Irving Fisher

Every effort has been made by the Fed to conceal its power but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.
Louis T. McFadden

"An examination of the major stockholders of the New York City banks shows clearly that a few families, related by blood, marriage, or business interests, still control the New York City banks which, in turn, hold the controlling stock of the Federal Reserve Bank of New York."
Eustace Mullins

" Our whole banking system I ever abhorred, I continue to Abhor, and I shall die abhorring. Every bank of discount, every bank by which interest is to be paid or profit of any kind made by the [lender], is downright corruption. It is taxation for the public for the benefit and profit of individuals."
John Adams

"Using a central bank to create alternate periods of inflation and deflation, and thus whipsawing the public for vast profits, had been worked out by the international bankers to an exact science."
Gary Allen

"The law records show that they [the Rothschilds] were the power in the old Bank of the United States."
Gustavus Myers

"The Federal Reserve Bank of New York - which completely dominates the other 11 branches through stock ownership, control and influence, having the only permanent voting seat on the Federal Open Market Committee and handling all open market bond transactions - has 19,752,655 shares outstanding and is majority-owned by two banks: Chase Manhattan Bank (now merged with Chemical Bank), with 6,389,445 shares or 32.35 percent; and Citibank, NA, with 4,051,851 shares or 20.51 percent. Together, those two banks own 10,441,295 shares or 52.86 percent - which is majority control."
Eric Samuelson

"Bankers fought the. Federal Reserve Act with the tireless energy of men fighting a forest fire. They said it was populistic, socialistic, half-baked, destructive, infantile, badly conceived and unworkable. (However), I perceived gradually, through all the haze and smoke of controversy, that the banking world was not really as much opposed to the bill as it pretended to be..."
William McAdoo

"To modern minds, it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. . . [The Fed] did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding. . . Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe and everyone must believe. Only then did worthless pieces of paper take on value."
William Greider

__________________
PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
██████████████████▒ 99.5% complete.