Wednesday, December 30, 2020

QOTD: The Original Deep State

Rating America’s Presidents recounts that no less a luminary than William Gibbs McAdoo, who was Wilson’s treasury secretary when the Federal Reserve came into existence, sounded the alarm about the Federal Reserve in his memoirs, which were published in 1931. Wrote McAdoo: “The fact is that there is a serious danger of this country becoming a plutodemocracy; that is, a sham republic with the real government in the hands of a small clique of enormously wealthy men, who speak through their money, and whose influence, even today, radiates to every corner of the United States.” -- "The Original Deep State" by Robert Spencer, American Thinker.

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