That is what it really costs the money masters, the Invisible Empire
of the U.S.A. and the Federal Reserve System--three-tenths of one per
cent--for the practical control in perpetuity of the mightiest mass of
liquid wealth ever massed on earth! Look at this in cold blood! Figure
what it would mean to you if you could get the use of a petty $100,000
at three-tenths of one per cent interest! Then figure what it means to
them to have the use of 20,000 times $100,000 at three-tenths of one
per cent interest. Gives you an attack of vertigo, doesn't it?
Member banks and their stockholders and depositors furnish this titanic
amount of practically $2,000,000,000 at three-tenths of one per cent
interest and then member banks are graciously permitted to borrow from
the Federal Reserve System _their own money_ at rates varying from
_six to eighty-seven and one-half per cent per annum_. Impossible, you
say? Not even organized Federal Reserve banditry, not even Amalgamated
Shylockery, would have the supernal gall to so sandbag productive
industry?
Here are the figures taken from the records of the Federal Reserve Bank
at Atlanta, from the records of the Federal Reserve Board at Washington
and from the records of the Comptroller of the Currency at Washington.
The Governor of the Federal Reserve Bank at Atlanta, the Governor
of the Federal Reserve Board at Washington and the Comptroller of
the Currency at Washington--each of them and all of them--are hereby
challenged to refute or question their absolute correctness and
authenticity.
In a small town in Alabama was struggling a small National Bank. Its
capital was $25,000 and its surplus was $12,500. It was a compulsory
customer of the Federal Reserve Super-Shylockery sucking blood at
Atlanta, Georgia. Its money had been commandeered by law to buy stock
in the Super-Shylockery. Its reserve deposits had been conscripted
by law to feed pap to the same parasite. It served the cotton
industry--the breath of industrial life in its territory. Its name is
not given because identification might work it great harm--but the
Federal Reserve Oligarchs know its identity. Don't you ever doubt it.
Public-domain text, read in full here on John Shaqi.
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