by OilsNotWell » Thu 28 Apr 2005, 12:37:22
$this->bbcode_second_pass_quote('', 'S')ECRETS
OF THE
FEDERAL RESERVE
By Eustace Mullins
http://www.whale.to/b/mullins5.htmlEditorial Reviews
Book Description
Mullins presents some bare facts about the Federal Reserve System with subjects on: it IS NOT a U.S. government bank; it IS NOT controlled by Congress; it IS a privately owned Central Bank controlled by the elite financiers in their own interest. The Federal Reserve elite controls excessive interest rates, inflation, the printing of paper money, and have taken control of the depression of prosperity in the United States.
About the Author
Eustace Mullins is a veteran of the United States Air Force, with thirty-eight months active service during World War II. A native of Virginia, he was educated at Washington and Lee University, New York University, the University of North Dakota, the Escuelas des Bellas Artes, San Miguel de Allende, Mexico, and the Institute of Contemporary Arts, Washington, D.C. The original book, published under the title "Mullins on the Federal Reserve", was commissioned by the poet Ezra Pound in 1948. Ezra Pound was a political prisoner for thirteen and a half years at St. Elizabeth's Hospital, Washington, D.C. (a Federal institution for the insane). His release was accomplished largely through the efforts of Mr. Mullins.
$this->bbcode_second_pass_quote('', 'F')EDERAL RESERVE DIRECTORS:
A STUDY OF CORPORATE AND BANKING INFLUENCE
The report concluded: "In summary, the Federal Reserve directors are apparently representative of a small group which dominates much of the economic life of this nation."( End of Congressional Report.)
The facts of the Fed's creation have not gone entirely unnoticed as the following quotes indicate. The Wall Street Journal of December 8, 1984 quoted Representative Jack Kemp, the nation's only supply-side quarterback, 'An elitist Federal Reserve is determining the course of the American and the world economy."
In the late 1980s, the "Morton Downey, Jr. Show" invited Eustace Mullins, author of Secret of the Federal Reserve and myself to speak about the Fed on the air. I declined and Eustace accepted. About a month later, major sponsors pulled their backing and the show was cancelled. I recall reading an article in which Downey lamented that he could not understand why his life had suddenly taken such a downturn.
Recommended Reading:
America's Money Machine, Elgin Groseclose, Books Inc., NYC,NY.
Money and Man, Elgin Groseclose, University Press, Norman, Ok.
The Creature from Jekyll Island, Griffin, American Opinion Publishing, PO Box 8040, Appleton, Wi. 54913.
Secrets of the Federal Reserve, Eustace Mullins, Bankers Research Institute, Box 1105, Staunton, Va. 24401.
Congressman McFadden on the Federal Reserve Corporation, Remarks in Congress 1934, Arizona Caucus Club, PO Box 60, Mesa, Az. 85201.
The Greatest Story Never Told, Riott, Nanoman Press, Oak Brook, Il. 60522.
History of Interest Rates, Homer, Rutgers University Press, New Brunswick, NJ.
The Price of Money; Homer and Johannesen, Rutgers University Press, New Brunswick, NJ.
The Velocity of Money; Garvy and Blyn, Federal Reserve Bank of NY, NYC, NY.
The Great Contraction; Friedman, Princeton University Press, Princeton, NJ.
Depression, Inflation, and Monetary Policy; Warburton, Johns Hopkins Press, Baltimore, Md.
Readings in Money, National Income, and Stabilization Policy; Smith, R.D. Irwin, Homewood, Il.
The Great Inflation; Brown, Oxford University Press, Amen House, London.
A Half Century of Federal Reserve Policy Making; Anderson, Federal Reserve Bank of Philadelphia, Philadelphia, Pa.
Federal Deposit Insurance Corp. Annual Report, FDIC, Washington, DC.
Historic Beginnings- The Federal Reserve, The Federal Reserve Bank of Boston, Boston,Ma.
Statfacts-Understanding Federal Reserve Statistical Reports, Federal Reserve Bank
of NY. •••
Like I said, messing with the real PTB could be hazardous to your health.
Editor's note: Anne Williamson, a veteran researcher and journalist who has written for the Wall Street Journal and the New York Times, has authored a definitive and eye-opening analysis of the nation's banking system for WorldNet Magazine, WorldNetDaily's offline companion. Williamson, who has testified before Congress as an expert on international banking issues, brought years of expertise to her comprehensive, 11,000-word investigative report, covering the Federal Reserve, how the Fed manipulates elections and markets, who's behind the Fed, and more. WorldNetDaily writer and talk-show host Geoff Metcalf recently interviewed Williamson about her article and the true nature and impact of the Federal Reserve.
Question: This is a complex issue, which is why I have been encouraging people to read your piece in WorldNet Magazine. Can you start us out with a basic "The Fed 101"?
Answer: OK. Eustace Mullins has a wonderful line in which he says the Federal Reserve System is not federal; there are no reserves; and, he says, "It is not a system, but a criminal syndicate." That is one of the more vituperous summations of the institution. And it's not unfair because there is a lot of truth in it.
A: Oh, it's the ultimate scam. This was a brilliant, brilliant swindle. That it has been so long-lived is remarkable, as are the results of what they have achieved with it. In the article, I try to walk the reader through the most basic elements of money and banking and then finance and currencies generally. But the real point that I hope readers will take with them is an understanding that this institution has cheated all of us of our citizenship.
A: Because the Fed gives the government the power of creating unlimited debt.