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"In the fall of 1949 I went to the Library of Congress to get
material for a newspaper article about the Federal Reserve Board of
Governors. What I expected to be a week's labor turned into a
lengthy research job of nineteen months, for I discovered, in my
initial inquiry, that there existed not one narrative account of
the origins and activities of this powerful organization. "The
standard works on the Federal Reserve System, almost entirely
abstruse and technical works on economics, I found of little
practical value. Even in the matter of acceptances, the usual
textbooks contained no information upon such an important item in
America's economic history as the changeover from the open-book
system of credit to the acceptance system, which has wrought such
vast changes in our practice of commerce, and for this information
I found only one source, a few pamphlets published by the American
Acceptance Council from 1915 to 1928. It is, then, little wonder
that the student with a Master's Degree in Economics from one of
the better universities will see here for the first time material
which should have been before him in his elementary courses."
Eustace Clarence Mullins, Jr was a populist American political
writer and biographer. His most famous and influential work is The
Secrets of The Federal Reserve, described by congressman Wright
Patman as 'a very fine book which] has been very useful to me'. He
is generally regarded as one of the most influential authors in the
genre of conspiracism.
2009 reprint of the 1952 edition. In A Study of the Federal Reserve
(1952), Mullins highlighted a purported conspiracy among Paul
Warburg, Edward Mandell House, Woodrow Wilson, J.P. Morgan, Charles
Norris, Benjamin Strong, Otto Kahn, the Rockefeller family, the
Rothschild family, and other European and American bankers which
resulted in the founding of a privately owned, US central bank. He
argues that the Federal Reserve Act of 1913 defies Article 1,
Section 8, Paragraph 5 of the US Constitution by creating a
"central bank of issue" for the United States. Mullins goes on to
claim that World War I, the Agricultural Depression of 1920, the
Great Depression of 1929, and Adolf Hitler's rise to power were
brought about by international banking interests in order to profit
from conflict and economic instability. Mullins also cites Thomas
Jefferson's staunch opposition to the establishment of a central
bank in the United States.
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
2009 reprint of the 1952 edition. In A Study of the Federal Reserve
(1952), Mullins highlighted a purported conspiracy among Paul
Warburg, Edward Mandell House, Woodrow Wilson, J.P. Morgan, Charles
Norris, Benjamin Strong, Otto Kahn, the Rockefeller family, the
Rothschild family, and other European and American bankers which
resulted in the founding of a privately owned, US central bank. He
argues that the Federal Reserve Act of 1913 defies Article 1,
Section 8, Paragraph 5 of the US Constitution by creating a
"central bank of issue" for the United States. Mullins goes on to
claim that World War I, the Agricultural Depression of 1920, the
Great Depression of 1929, and Adolf Hitler's rise to power were
brought about by international banking interests in order to profit
from conflict and economic instability. Mullins also cites Thomas
Jefferson's staunch opposition to the establishment of a central
bank in the United States.
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