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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 III What the Leaders of Men Have Said About Money

President Lincoln, after he had been compelled to give Great Britain control over the finances of the United States in exchange for Great Britain’s financing the Civil War, and following the banking act of 1863, said: “As a result of the Civil War, corporations (Banking) have been enthroned and an era of corruption in high places will follow and the money power of the country will endeavour to prolong its reign by working on the prejudices of the people until wealth is aggregated in the hands of a few, and the republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war.” Bismarck said:

“The death of Lincoln is a disaster for Christendom. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to corrupt modern civilization. They will not hesitate to plunge the whole world into wars and chaos, in order that they may inherit the earth.”

How prophetic. The three world wars, and this cold war; and the present stringency of credit, invoked by the Federal Reserve authorities. The President of the American Bankers

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