The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
Eustace MullinsAmericans love their captivity. There's no responsibility. When you're a captive, you don't have to make a decision about anything, though you have no Liberty. People don't want Liberty. Liberty is nothing but uncertainty. It's much easier to have someone tell you where you'll be, what you'll do and who you'll pay tomorrow than to worry about it yourself. The same goes for what you think
Eustace MullinsAs soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.
Eustace MullinsThus these three amendments to the Constitution [13th, 14th, 15th] were ratified while the ten Southern states were under martial law, and "had no law at all." The Force Acts, the four Reconstruction Acts, and the Civil Rights Act were all passed by Congress while the Southern states were not allowed to hold free elections, and all voters were under close supervision by federal troops. Even Soviet Russia has never staged such mockeries of the election procedures.
Eustace Mullins