I am not a Ron Paul Fan. But even a broken Clock it correct twice a day.
If we are going to FIX the destruction that the Federal Reserve has inflicted on this country,
we HAVE to learn about it AND DISCUSS IT!
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The abuses of the Federal Reserve SystemLouis T. McFadden (1876-1936): An American Hero
http://www.globalresearch.ca/index.php?context=va&aid=9642by Richard C. Cook
Few recall, however, how controversial the Fed was when it was first proposed and then maneuvered through a recessing Congress just before Christmas 1913. Rep. Charles Lindbergh, Sr., R-MN and father of the future aviator, called the Federal Reserve Act “the worst legislative crime of the ages.”
But the strongest opposition came later, during the Great Depression. The source was Rep. Louis T. McFadden, a Republican representative from Pennsylvania who, as a former bank cashier and president, knew the financial system intimately.
McFadden was born in Granville Center , Bradford County , Pennsylvania , on July 25, 1876, just three weeks after the nation celebrated its centennial at the Philadelphia Exposition. He graduated from Warner’s Commercial College in Elmira , New York , and went to work at the First National Bank of Canton , PA , in 1892.
McFadden was elected to Congress in 1920 and served until 1934. Though a Republican, he moved to impeach President Herbert Hoover in 1932 and introduced a resolution to bring conspiracy charges against the Board of Governors of the Federal Reserve.
He also made a 25-minute speech on the House floor accusing the Federal Reserve of deliberately causing the Depression. At the time, the chairman of the Federal Reserve Board was Eugene Meyer, who resigned after Frankin D. Roosevelt was inaugurated as president in 1933 and purchased the Washington Post at a bankruptcy auction.