The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“EUROPE AND JAPAN MANIPULATE AMERICAN MONETARY POLICY” mentioning the Federal Reserve System was published in the House of Representatives section on pages H5340 on July 12, 1999.
The publication is reproduced in full below:
EUROPE AND JAPAN MANIPULATE AMERICAN MONETARY POLICY
(Mr. TRAFICANT asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. TRAFICANT. Mr. Speaker, powerful banks of Europe now control 26 percent of our Federal Reserve system.
Think about it. The banks of Europe control one out of every four shares of our monetary system.
Unbelievable.
If that is not enough to repossess our Lamborghinis, the same statistics reflect the following:
Japan is now the single largest holder of American debt.
Beam me up, Mr. Speaker. When Europe and Japan can manipulate American monetary policy, something is wrong, very wrong.
I yield back all of the freebies that Uncle Sam has given to Europe and Japan since World War II.
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