# The Secrets of the Federal Reserve  ## Metadata - Author: [[Eustace Mullins]] - Full Title: The Secrets of the Federal Reserve - Category: #books ## Highlights - Eustace Mul ([Location 76](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=76)) - Table of Contents ([Location 167](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=167)) - "London Connect ([Location 378](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=378)) - Ezra Pound ([Location 430](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=430)) - serve thirteen and a half years without tr ([Location 435](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=435)) - the Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal synd ([Location 458](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=458)) - Senator Nelson Aldrich, head of the National Monetary Commission. ([Location 728](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=728)) - long tradition of struggle against inflicting a central bank on the American p ([Location 1003](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1003)) - A study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers’ operations in London. ([Location 1019](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1019)) - avoid the name "Central Bank ([Location 1033](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1033)) - regional reserve system a delusio ([Location 1103](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1103)) - the Federal Reserve proposal was unconstitutional from its i ([Location 1123](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1123)) - fundamental features the Federal Reserve Act is the work of Mr. W ([Location 1285](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1285)) - At the time he wrote the Federal Reserve Act, the public debt was almost nonex ([Location 1318](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1318)) - The Aldrich Plan ([Location 1340](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1340)) - Congressman L ([Location 1466](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1466)) - . . I have alleged that there is a Money Trust. ([Location 1469](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1469)) - A central bank is not a natural product of banking development. It is imposed from outside or comes into being as the result of Government fa ([Location 1752](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1752)) - the act of establishing a central bank has a direct inflationary im ([Location 1762](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1762)) - creation of book-entry l ([Location 1766](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=1766)) - Note: Not the creation of loans; the creation of credit with the bank: i.e. Money. - same—centralizing of rese ([Location 2171](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2171)) - mobilizing commercial cre ([Location 2172](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2172)) - getting an elastic note i ([Location 2173](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2173)) - in passing the Federal Reserve Act, they had created an instrument more powerful than the Supreme Court. ([Location 2318](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2318)) - H ([Location 2329](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2329)) - completed a book called Philip Dru, Admini ([Location 2330](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2330)) - a detailed plan for the future government of the United States, "which would establish Socialism as dreamed by Karl Marx ([Location 2332](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2332)) - enactment of the graduated income tax, excess profits tax, unemployment insurance, social security, and a flexible currency system. ([Location 2337](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2337)) - Federal Reserve Act ([Location 2802](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2802)) - known as "the Christmas massacre" ([Location 2804](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2804)) - Wilson signed the Federal Reserve Act on December 23, 1 ([Location 2825](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2825)) - Now we are able to dominate the bank reserves of the entire country ([Location 2953](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2953)) - with whom House became acquainted in the Wilson Administration was Franklin D.  Ro ([Location 2978](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2978)) - Roose ([Location 2985](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2985)) - filled in the goals of Philip D ([Location 2986](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=2986)) - The other eleven banks were so many expensive mausoleums erected to salve the local pride and quell the Jacksonian fears of the hinterland. ([Location 3114](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3114)) - Without Mr. Warburg there would have been no Federal Reserve Act. ([Location 3187](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3187)) - The Act, ([Location 3216](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3216)) - has really given the bulls and the bears such a supply as they have never had before. ([Location 3218](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3218)) - James B. Forgan ([Location 3858](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3858)) - Paul W ([Location 3950](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=3950)) - he deposited these funds, $10 million, in state banks. The immediate result, Clews tells us, is that the country began to enjoy great prosperity. ([Location 4468](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=4468)) - the government paid off the entire national debt, ([Location 4473](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=4473)) - George W ([Location 4632](https://readwise.io/to_kindle?action=open&asin=B004HYH2EM&location=4632))