Suppose you'd paid down 98% of your mortgage but after the crash of 1929 you defaulted on the final payment? You lost 100% of your home, Mr. Sloan! So sorry. On the other hand, suppose your bank failed? You lost your money, Sonny! Perhaps your life savings. Brother can you spare a dime?
A thoughtful person might come to the conclusion that the system was rigged.
Congressman Louis McFadden, although a banker himself before his election to Congress, became the sworn enemy of the Money Changers - who had engineered a coup some years earlier by using Teddy Roosevelt to split the republican vote and put their goy, the democrat Woodrow Wilson, into the White House.
They then got the Federal Reserve Act rammed through via an illegal act of Congress in 1914, and subsequently engineered the US' entry into WWI - when the majority of Americans didn't want the US to get involved. No matter, the banksters wanted it. The rest is history.
That bit of chicanery was soon followed by the Great Wall Street Crash of 1929 - followed by twelve years of the Great Depression.
Louis McFadden tried to warn Americans about what was happening to them back then, and what would happen to them later. He was ostracized and villified; and almost certainly killed. He was a courageous man. Heroic. Time has proved him to be a something of a prophet too:
“It was not accidental [the 1929 stock-market “crash”]. It was a carefully contrived occurrence. … The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.”
“Open the books … and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers].”
“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists … acting together to enslave the world … Every effort has been made by the Fed to conceal its powers but the truth is–the Fed has usurped the government.”
The Assassination of Louis McFadden, One of the 20th Century’s Most Prescient Men:
https://www.winterwatch.net/2023/02/the-assassination-of-louis-mcfadden-one-of-the-20th-centurys-most-prescient-men/o
Fitz
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