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Quote by Louis Thomas McFadden

“The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements....The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States....The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.”

Quote by Louis Thomas McFadden

Author

Louis Thomas McFadden

Louis Thomas McFadden was a prominent American politician who served as a member of the United States House of Representatives. Born on July 25, 1876, and passing away on October 1, 1936, McFadden was known for his outspoken style and criticism of the financial system during his tenure. more

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