The Hidden Hand: Louis T. McFadden’s Fight Against the Federal Reserve

From 1921 to 1935, Congressman Louis T. McFadden stood as a rare voice of defiance against the shadowy forces manipulating America’s financial system. As chair of the House Banking Committee, he wasn’t afraid to call out the Federal Reserve, exposing what he believed to be a scheme orchestrated by an elite cabal of international bankers.

On June 10, 1932, McFadden took the floor with a speech that sent shockwaves through Washington. He accused the Federal Reserve of being nothing more than a tool for global financiers, claiming they prioritized their own interests over the well-being of the American people. His words painted a grim picture: a financial system designed not to serve the nation, but to enslave it through debt and economic manipulation.

McFadden’s relentless crusade against the banking elite made him powerful enemies, and many believe his efforts to expose the truth led to multiple attempts on his life. Was he silenced for speaking out? Some say his warnings were dismissed, while others believe his fate was sealed by the very forces he sought to dismantle.

Highlights:

• Congressman Louie T McFadden criticized the Federal Reserve in 1934, labeling it as a corrupt institution that has exploited both the government and the American people financially. He argued that its practices have led to widespread poverty and economic ruin.
• He described the Federal Reserve's actions as depriving the nation of sufficient funds to address its debts. This financial mismanagement has had severe consequences for the country's economic stability.
• McFadden emphasized that the Federal Reserve is not a government entity, but a private monopoly that benefits a select few. This distinction is crucial for understanding its influence on the economy.