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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 XVIII Inflation And Featherbedding

Our courts here, in quick order, just a few days ago convicted two printers, and the wife of one of counterfeiting Reserve notes, and circulating a few of them in Texas; yet we legalize the Federal Reserve banks and commercial banks to add counterfeit dollars to our volume of money in a constant torrent. Seems sort of unjust to send the little printer, who was too expert at printing, to federal prison because he printed a few bills; and let his crippled brother and wife out under suspended sentences, while the five children of the head counterfeiter were torn from their parents and sent to an orphans' home, while this big corporation has committed the same sin millions of times, and not only goes scot free, but its deeds are dignified and legalized by our Congress, who each and severally took an oath to support, uphold, and defend the Constitution of the United States; yet perjured themselves by violating that same Constitution when they gave banking corporation the power to coin money and regulate the value thereof. How long, oh, how long, gentle reader, are we going to permit Congress to do this criminal thing, and refuse to compel them to take back that Constitutional power they unconstitutionally gave to the banking; corporations? "Banking was conceived in iniquity and born in sin."

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