Senator Alexander (R-TN) Says Hands Off The Federal Reserve

Frank Roman

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<p style=”font-family: verdana,arial,helvetica,sans-serif;” class=”MsoNormal”><font size=”2″><span><span style=”font-weight: bold;”>Senator
Lamar Alexander (R-TN, right) thinks that Ron Paul’s effort to bring sunshine,
openness, and transparency to the Federal Reserve by way of an audit (HR1207 /
S604) is a bad idea. Here is what he had to say recently:</span><br />
<br />
“<i>The audit? It’s a bad idea,</i>” said Tennessee Sen. Lamar
Alexander, head of the Republican Conference in the Senate. “<i>It’s a <a style=”font-weight: bold;” href=”http://www.michaeljournal.org/fedreserve.htm”>sorry
day</a> when the Congress superimposes itself on the Fed, nosing around in monetary
policy.</i>” <o:p /></span></font></p>

<span style=”font-size: 12pt;”><font size=”2″ style=”font-family: verdana,arial,helvetica,sans-serif;”><br />
SOURCE:<br /><a href=”http://www.politico.com/news/stories/0609/23911_Page2.html”>http://www.politico.com/news/stories/0609/23911_Page2.html</a><br /><br />If you want to contact (y)our Senator and<span style=”font-style: italic;”> let him know what you think</span>, his contact
information is listed at the following link:<br /><a href=”http://alexander.senate.gov/public/index.cfm?FuseAction=Contact.Staff”>http://alexander.senate.gov/public/index.cfm?FuseAction=Contact.Staff</a><br /><br /><br />More below…</font> <br />
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<p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″><b>Congressman McFadden’s Speech</b>
<b>On the Federal Reserve Corporation (1934)</b></font>

</p><p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″>Quotations from several speeches made on the Floor of the House of Representatives
by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to
his having served as Chairman of the Banking and Currency Committee for
more than 10 years, was the best posted man on these matters in America
and was in a position to speak with authority of the vast ramifications
of this gigantic private credit monopoly. As Representative of a State
which was among the first to declare its freedom from foreign money tyrants
it is fitting that Pennsylvania, the cradle of liberty, be again given
the credit for producing a son that was not afraid to hurl defiance in
the face of the money-bund. Whereas Mr. McFadden was elected to the high
office on both the Democratic and Republican tickets, there can be no accusation
of partisanship lodged against him. Because these speeches are set out
in full in the Congressional Record, they carry weight that no amount of
condemnation on the part of private individuals could hope to carry.

</font></p><p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″><a name=”4″></a><b>The Federal Reserve-A Corrupt Institution</b></font>

</p><p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″>&quot;Mr. Chairman, 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, 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. The depredations and iniquities
of the Fed has cost enough money to pay the National debt several times
over.

</font></p><p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″>&quot;This evil institution has impoverished and ruined the people of these
United States, has bankrupted itself, and has practically bankrupted our
Government. It has done this through the defects of the law under which
it operates, through the maladministration of that law by the Fed and through
the corrupt practices of the moneyed vultures who control it.
<br /><a name=”4a”></a><br />&quot;Some people who think that the Federal Reserve Banks United States
Government institutions. They are private monopolies which prey upon the
people of these United States for the benefit of themselves and their foreign
customers; foreign and domestic speculators and swindlers; and rich and
predatory money lender. In that dark crew of financial pirates there are
those who would cut a man’s throat to get a dollar out of his pocket; there
are those who send money into states to buy votes to control our legislatures;
there are those who maintain International propaganda for the purpose of
deceiving us into granting of new concessions which will permit them to
cover up their past misdeeds and set again in motion their gigantic train
of crime. <br /></font></p><p style=”font-family: verdana,arial,helvetica,sans-serif;”><font size=”2″><a href=”http://www.afn.org/~govern/mcfadden.html”>Continue…</a><br /></font>
</p>

2009-06-19