This books explains how the Federal Reserve works, points out that it is not a U.S. Government Bank and that its agenda and policies are designed to profit private citizens and not the American People. It also explains how vehemently opposed to such a system Thomas Jefferson was. "If Congress actually had retained its sovereignty and refused to let Woodrow Wilson and Carter Glass hand over the sovereign right of coinage and the issue of our money to private bankers in 1913, the American people today would not stand on the brink of slavery. The Federal Reserve System has been the death of our Constitution, and the end of our liberties. The Federal Reserve Board of Governors, chosen by and working for the powerful international bankers, have inflicted catastrophe after catastrophe upon our people." -Eustace Clarence Mullins All of our books are printed to order. This reduces waste and helps us keep prices low while greatly reducing our impact on the environment.
Eustace Mullins was an American political writer, author, biographer. As of 2005, He was a member of the Southeast Bureau editorial staff of far-right, even some would say Fascist, Willis Carto's American Free Press. He was also a contributing editor to the Barnes Review.
Eustace Mullins was educated at Washington and Lee University, New York University, the University of North Dakota and the Institute of Contemporary Arts (Washington, D.C.)
Mullins was a student of the poet and political activist Ezra Pound. He found common ground with Pound in their extreme anti-Semitism. He states that he frequently visited Pound during his period of incarceration in St. Elizabeth's Hospital for the Mentally Ill in Washington, D.C. between 1946 and 1959. Mullins claimed that Pound was, in fact, being held as a political prisoner on the behest of President Franklin D. Roosevelt. Mullins' most notable work, Secrets of the Federal Reserve, was commissioned by Pound during this period, and written in consultation with George Stimpson, founder of the National Press Club.
The more I study the antics of banking, the more I despise bankers. Banking is a very simple concept. I have money, and you want money. I loan you money (principal), and I get extra money for the duration that you use my money (interest). But today, banking is different. I don't even need money to loan you a large amount of it. I can create fictitious money out of thin air that I "loan out". Then I reap nearly all of the principal plus the interest you give me. How much labor have I exerted? Zero.
Now take a central bank. Governments tell privately-owned banks, "You have the full right to print as much of my currency as you want. You can increase its value, decrease its value, or stabilize it. You can take all of the money out of the economy, or print money senselessly until the country drowns in (useless) bills. Furthermore, for any currency you print, I promise to pay you interest on that currency. Even though I could make it myself for free, I give you this power".
What a stupid idea! Who would ever think of such a thing? No one, except for the bankers themselves. And that is the story of how the "Federal Reserve", which is not federal nor a reserve, but a privately-owned money-printing central bank, was founded. A group of the richest men in America, primarily New York bankers, went to a small island in Georgia for a big meeting in 1910. This island, owned by J.P. Morgan, had all of its residents put on a two-week vacation, and all of its servants replaced. Something big was going to happen.
To the meeting came the bankers, led by the Jewish-German Paul Warburg, and their stooge in congress, Nelson Aldrich. The goal was this: create a central bank in America, but don't let the Americans know. Nine days were spent discussing, with Warburg drawing up most of the upcoming Congressional act. A plan was hatched: create two bills for a new bank, one from the Republicans and one from the Democrats, seemingly opposed to one another, but which really both lead to the implementation of Warburg's central bank plan.
And so they left Jekyll Island in Georgia nine days later. Two years later, Aldrich presents his plan, the "Aldrich Plan", for a new banking system in America. Midwestern, Southern, and Western congressmen, having been just decimated by the international financiers in the Financial Panic of 1907, are extremely suspicious. Aldrich, a Republican, is known for his ties to the large corporate conglomerates. Due to this connection, the bill doesn't pass.
But Woodrow Wilson, a Democrat, is running for president in 1912. He runs on a message of bringing "banking to the people". No more big bankers! Unfortunately, Wilson's campaign was financed by Paul Warburg, perhaps the biggest banker in America. He also received plentiful funds from the Wall Street financier Bernard Baruch, son of a German-Jewish immigrant, and the banker Eugene Meyer, Jr., who was "descended from a long line of rabbis".
Wilson, with the help of these men, to whom he has promised to pass Warburg's plan, gets into office. Democratic congressmen present the "Federal Reserve Act" in opposition to the "Aldrich Act". Aldrich says that this "Federal Reserve Act" will hurt our pious and civil-minded bankers in NYC (fake opposition). Meanwhile, the same Wall Street bankers who testified for the Aldrich Act are now testifying for the Federal Reserve Act. Barely anyone seems to notice, though. The Federal Reserve Act passes.
The representatives who voted for the act seemed not to notice that the act explicitly goes against the constitution, which gives Congress the power to coin money. Now the power to coin money is in the hands of a privately-owned shareholder institution, an institution whose members were not elected but instead appointed by the president. An institution, furthermore, whose discussions and meetings are not required to be published publicly. An institution that stipulated that the people with the greatest conflict of interest to its professed aims (helping the populace), international bankers, can serve on its grounds.
This institution now has the greatest power in America, the ability to control the country's currency. The bankers' greatest incentive is to create war. By funding both sides through loans, which reap interest, they can make the most profits. And so we have Paul Warburg telling his subservient slave, Wilson, to get America into WW1 in Europe, which happens. Then Warburg and his fellow American financiers profiteer from the war on America's side, all the while Warburg's family company, M.M. Warburg & Co., led by Warburg's relatives, finances the Germans. Thus the international bankers control both sides. No matter who wins, the bankers win by reaping extraordinary profits from the loans they give out to buy tanks, planes, guns, and other war munitions.
As a side note, Paul Warburg's brother was the leader of the German secret service during WW1. He was the very person who allowed Vladimir Lenin to return to Russia. Then Paul Warburg and Jacob Schiff (from America) financed Leon Trotsky (Lev Davidovitch Bronstein) to travel over to Russia. Along with him, they sent tens of billions of dollars in today's money. The communists won in Russia due to "capitalist" money. What an absolute farce.
Mullins goes further into how the Federal Reserve's expansion (buy, buy, buy!) and contraction of money led to the American depression of 1920-21 and the Great Depression of 1929-31. They further contributed to the incitement of WW2. Hitler would have destroyed the Russians if the international bankers had not given them hundreds of billions of dollars of weapons, ammunition, tanks, planes, and other armaments.
Just remember: the Federal Reserve is not your friend. Unless you like being ruled by a cabal of foreign tyrants, they do not support your best interests.
This book was written in 1952 and it foretold our future. I am sad to say it came true. No body saved us. This group has caused every war and depression/recession we have gone through since 1917. We are owned by them. In fact the world is owned by them. We are lost with no one to turn to. This book was an eye opener. I knew about the federal reserve and how it came about as I read the book, Creature from Jekyll Island. But this book gave me more info. These two books should be read by everyone.
Financial crisis after crisis, people are starting to rethink and reflect everything - from political superstructure to financial and social infrastructure. One thing that people tend to forget time and time again though is that the same thing has been done more than 90 years ago and that the question has been answered. The problem is the establishment of America's Central Bank - Federal Reserve.
In his book of 16 chapters, which were originally published in 1952, Eustace Clarence Mullins explained the origin of the Federal Reserve Act, produced evidence after evidence about the objective of the Federal Reserve, the secret plans that the Federal Reserve was designed to accomplish, and those men behind the plans, etc. In summary, Mullins pointed out that the Federal Reserve was the problem that caused, not the solution to resolve, the economic crisis and panics after WWII.
The Federal Reserve was, contrary to many believe, a privately owned corporation, a bank of banks. It is not a governmental organization although it appears to be because of the fact that the Chief is appointed by the President. This is of course an art to make that the Federal Reserve is accountable to the public while the fact is that it is only accountable to those who created it.
It is created by elite group of international financiers, or its agents/ front men, to compete and eliminate other financial lenders, mainly those operated in the rural communities for the agriculture and the general populace outside the headquarter city of New York.
The American people fought for long about a Central Bank - "there had until 1896 been a continuous struggle against a totalitarian domination of financial resources". They didn't want it. It was imposed on them and once money was created out of liquidity and lending, people were chained and became slaves. The American Civil War and the First World War were created out of the needs of the international financiers. The entire nation's financial resources are mobilized with credits mortgaged on the U.S. people and their future, generation after generation. The Congressional power to coin money and regulate thereof was once and for all delegated to private interests by the Federal Reserve Act.
It is a book startling to read like a page-turner thriller story. Even though we might have known some of the facts, we don't know the whole picture of them. They need to be put into context for examination and complete understanding. Mullins' works is one great place to start with when people ask why.