So for 52 years the practices of bankers have been deep in my subconscious mind. I have read everything that I could find on banking and money; scanned newspapers and magazines for revealing information. I found that all I read was coloured, or half told, that the people might be kept ignorant of money, banking. Bankers misinformed me as often as I asked them for information. I could only observe bankers in action, from the deposit-window point of view, and as a borrower. A quarter of a century later I had the answer, but I still lacked official confirmation of my discoveries. On May 1, 1939, the Board of Governors of the Federal Reserve System published a booklet of 128 pages — “The Federal Reserve System — Its Purposes and Functions.” I got hold of a copy. It officially confirmed the correctness of my findings. The Constitution of the United States of America is explicit in its delegation of powers to Congress. It says:
“The Congress shall have power. . . to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.”
After enumerating the legalized crimes of banking, and proving that the coining of money and credit can not be re-delegated to others, I shall outline the plan of returning to the Congress of the United States the creation of our money and the control of the Nation's credit. This change will not be felt adversely by the honest, working citizen, and it will greatly improve our economic situation. It will hurt bankers, stock market gamblers, those who live by their smartness. In the language of Sir Josiah Stamp, President of the Bank of England and the second richest man in the British Empire, as said in an informal talk to 150 University of Texas history, economics and social science professors, in the 20's.
“Banking was conceived in iniquity and born in sin. . . . Bankers own the world. Take it away from them, but leave them the power to create