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nydus/The Legalized Crime of BankingPublic

Silas Walter Adams critiques the Federal Reserve Banking System, arguing that its monetary policies have significantly inflated the costs of war and national debt. The book examines the historical impact of private banking practices on the American economy and proposes a constitutional alternative for the management of the nation's money supply.

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Table of Contents

Chapter XII Creditalism Vs. Capitalism

them were smart lawyers - men who knew the exact meaning of every word they used-wrote those immortal documents and their desire, which they consummated, was to write so simply that all minds could understand them. They knew that any document which required a lawyer's interpretation was dangerous. I believe that in spite of the fact that Congress has failed to obey all of the simple injunctions of the Constitution, and permitted selfish men of greed to wangle unconstitutional laws out of them, there is no other nation's government so worthy of its citizen's love and devotion. With all of our official shortcomings and corporation abuses, none of it is due to our form of government, nor to its foundation, nor to its objectives. We Americans love our form of government so much that we will suffer grave injustices in our laws, hoping that Congress will right them in the American orderly way. I believe Congress will set the House of Money in order soon. I believe that Congress will redress the grave wrong the Supreme Court committed when it declared corporations to be persons, and set the House of Corporation in order. They are now awaiting a mandate from the people. Let's briefly look at What Might Have Been, if Congress had obeyed the Constitution and coined or provided the money of the nation. First. There would be no huge corporations dominating industry, but there would be thousands of small industries scattered through out the nation giving the people a finer and a more personal service. Second. There would be few monster cities, if any; but there would be thousands of small cities hovering around widely dispersed small prosperous industries. Third. There would be fewer "fine" residences and country "estates", but there would be millions more pretty little cottages with children romping on ample lawns. Fourth. There would be fewer country clubs, big cars yachts and seaside resorts, but there would have been thousands more small cars and small family cabins down by lake and stream, where millions of families of workers could spend restful weekends. Fifth. The skyline would not soar in isolated blobs, but millions more one-two-and three-story buildings

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