Thst is a quote from the "Creature from Jekyll Island" (iianm) where the author, for the sake of the argument, argues, that "it is no system" as it was being advertised as being a system of protection against the (I don't remember the exact phrase, but basically the rich and powerful).

If you do not want to read the entire book, here is a presentstion on it from the author, where he elaborates on the meaning of the quote.