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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 XIII Cash is Not a Part of Our Money Supply

the "old man's" advice and judgment, so he said, "Well, I'll take a chance." So of the billions against "veterans' homes" are in reality obligations of the Government, but the Government would get no benefits, any more than an endorser would get should you default, and the banker collect from the friend who endorsed your note, or perhaps, signed with you. If I could (and Uncle Sam could) get access to all bank books, all records of instalments, all financial facts, I would come up with the answer; and I would by actual figures show that in actual deeds or instalment obligations against all real estate, all industry, all transportation, all business the bankers of the United States could buy the United States many times over with their "wealth." And that "owners" own very little.

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