Active Quote by Louis Thomas McFadden
“The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements…The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States…The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.”
![“Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.” quote by Nelson W. Aldrich](https://sms4smile.com/quotes/img-quotes/d3a/nelson-w-aldrich-94684_able_before-passage-of-this-federal-reserve-a_1058530.jpg)
![“That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes they buy a treasury note, sometimes they set up sovereign wealth funds. They can do all kinds of things. They can buy our companies here. As long as we consume more than…” quote by Warren Buffett](https://sms4smile.com/quotes/img-quotes/ba1/warren-buffett-183_all-kinds_that-would-be-nice-if-people-stuck-treas_2128493.jpg)
![“It [the depression] was not accidental. It was a carefully contrived occurrence worked out as one works out a mathematical equation. The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all.” quote by Louis Thomas McFadden](https://sms4smile.com/quotes/img-quotes/760/louis-thomas-mcfadden-41781_bankers_it-the-depression-was-not-accidental-it_1387185.jpg)
