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.

The Civil War ravaged the Southern states, while leaving the North untouched.

As Day and other observers had reported, the slaves were leading very comfortable lives. After this tactic [slave rebellions in the South] failed, it became obvious to the conspirators that an actual military invasion was the only solution to their campaign. The merchant bankers of New England, who were directly controlled by the Rothschilds, were no instructed to finance a military attack against the South. Their instrumentality was the already well-known terrorist, John Brown. He was financed by a group famed as "the Secret Six".

As 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.

The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.

The Thirteenth Amendment to the Constitution of the United States was enacted in 1865 by martial law. The Fourteenth Amendment was enacted in 1868 by martial law. The Fifteenth Amendment was enacted in 1870 by martial law. Military occupation of the Southern states did not end until 1877, twelve years after the end of the Civil War.

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.