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 MullinsA study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers' operations in London.
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 MullinsHowever, the daily life of the slaves in the South, as observed by many travelers, was obscured for all time by the relentless promotion of a single book, Harriet Beecher Stowe's "Uncle Tom's Cabin." Even today, any black who dares to say that perhaps we are not as badly off as our brethren in the jungles of Africa is hooted down as an "Uncle Tom." [...] It was no accident that Harriet Beecher Stowe's book became the greatest best seller of its time - it was tirelessly promoted throughout the entire nation, in the most successful book promotion campaign in our history.
Eustace Mullins