Which are really the better and more necessary bankers—the National and State bankers or the Federal Reserve System of parasitical camouflage? Which is the more necessary, the National and State bankers close to the people, bearing the risk at petty profits or the Federal Reserve bankers distant from the people bearing practically no risk but reaping profits which would make Shylock frenzy with envy?

Isn't the Federal Reserve System as now constituted and as now administered really a Federal Reserve "Bunking" System astutely camouflaged, smoke screened by artful propaganda and by legalized privilege and favoritism? Isn't it in truth and in fact a commandeering and conscripting monster of finance, politically manipulated, with the most extravagant salaries, buildings, expense accounts and the most fabulous profits in all human history?


[CHAPTER XIV]

FINAL VOLLEY AT THE MONSTER

ET right down to brass tacks and ask yourself these questions:

No. 1. Do you want a Federal Reserve System managed and manipulated from Washington by the Federal Reserve Board composed of political appointees subject to no control, supervision nor oversight and in effect a mammoth Central Bank?

No. 2. Do you want capital commandeered at 6 per cent by the use of which are wrung out profits as high as 160 per cent?