Charles Lingbergh Sr. Explains How the System Was Rigged
This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the monetary power will be legalized…the worst legislative crime of the ages is perpetrated by this banking and currency bill.
The financial system…has been turned over to the Federal Reserve Board. That board administers the finance system by authority of…a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.
From now on, depressions will be scientifically created. Like two con men working a mark, the Fed made credit easy while establishment newspapers hyped what riches could be made in the stock market.
Charles August Lingbergh Sr., US Congressman 1907-1917