[Congressional Record Volume 145, Number 97 (Monday, July 12, 1999)]
[House]
[Page H5340]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          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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