THE SECRETS - OF THE FEDERAL RESERVE The London Connection Jekyll Island Edition By Eustace Mullins Published by: Bankers Research Institute ... The Curse of Canaan

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  • THE

    SECRETSOF THE

    FEDERALRESERVE

    by

    EUSTACE MULLINS

  • SECRETSOF THE

    FEDERAL RESERVEThe London Connection

    Jekyll Island Edition

    By

    Eustace Mullins

    Published by: Bankers Research InstituteP.O. Box 1105Staunton, VA 24401

  • Secrets of the Federal Reserve

    BOOKS BY EUSTACE MULLINS

    Mullins on the Federal Reserve

    The Federal Reserve Conspiracy

    Der Bankier Verschworung der Jekyll Island

    The World Order

    This Difficult Individual, Ezra Pound

    A Writ for Martyrs

    The Curse of Canaan

    Murder by Injection

    The Rape of Justice

    (Mr. Mullins was designated the only authorized biographer of Ezra Pound by letter from him dated July 24, 1958.)

    Author's Special 70th Birthday Edition, 1993

    Library of Congress Catalog Card No. 83-072665

  • Secrets of the Federal Reserve

    Dedicated to two of the finest scholars of the twentieth century

    GEORGE STIMPSON

    and

    EZRA POUND

    who generously gave of their vast knowledge to a young writer to

    guide him in a field which he could not have managed alone.

    Acknowledgements

    I wish to thank my former fellow members of the staff of the Library of Congress whose very kind assistance,cooperation and suggestions made the early versions of this book possible. I also wish to thank the staffs of theNewberry Library, Chicago, the New York City Public Library, the Alderman Library of the University of Virginia,and the McCormick Library of Washington and Lee University, Lexington, Virginia, for their invaluable assistancein the completion of thirty years of further research for this definitive work on the Federal Reserve System.

  • Secrets of the Federal Reserve

    About the Author

    Eustace Mullins is a veteran of the United States Air Force, with thirty-eight months of active service during WorldWar II. A native Virginian, he was educated at Washington and Lee University, New York University, OhioUniversity, the University of North Dakota, the Escuelas des Bellas Artes, San Miguel de Allende, Mexico, and theInstitute of Contemporary Arts, Washington, D.C.

    The original book, published under the title Mullins On The Federal Reserve, was commissioned by the poet EzraPound in 1948. Ezra Pound was a political prisoner for thirteen and a half years at St. Elizabeths Hospital,Washington, D.C. (a Federal institution for the insane). His release was accomplished largely through the efforts ofMr. Mullins.

    The research at the Library of Congress was directed and reviewed daily by George Stimpson, founder of theNational Press Club in Washington, whom The New York Times on September 28, 1952 called, "A highly regardedreference source in the capitol. Government officials, Congressmen, and reporters went to him for information onany subject."

    Published in 1952 by Kasper and Horton, New York, the original book was the first nationally-circulated revelationof the secret meetings of the international bankers at Jekyll Island, Georgia, 1907-1910, at which place the draft ofthe Federal Reserve Act of 1913 was written.

    During the intervening years, the author continued to gather new and more startling information about thebackgrounds of the people who direct the Federal Reserve policies. New information gathered over the years fromhundreds of newspapers, periodicals, and books give corroborating insight into the connections of the internationalbanking houses.*

    While researching this material, Eustace Mullins was on the staff of the Library of Congress. Mullins later was aconsultant on highway finance for the American Petroleum Institute, consultant on hotel development forInstitutions Magazine, and editorial director for the Chicago Motor Clubs four publications.

    * The London Acceptance Council is limited to seventeen international banking houses authorized by the Bank of England to

    handle foreign exchange.

  • Secrets of the Federal Reserve

    About The Cover

    The cover reproduces the outline of the eagle from the red shield, the coat of arms of the city of Frankfurt,Germany, adapted by Mayer Amschel Bauer (1744-1812) who changed his name from Bauer to Rothschild ("RedShield"). Rothschild added five golden arrows held in the eagles talons, signifying his five sons who operated thefive banking houses of the international House of Rothschild: Frankfurt, London, Paris, Vienna, and Naples.

  • Secrets of the Federal Reserve

    Preface*

    Secrets of the Federal Reserve reveals insights into the Federal Reserve System that seldom, if ever, appear on TV,in The New York Times, or in the financial magazines. Furthermore, this information is not taught in schools,colleges, or universities, even to those who receive advanced degrees in Accounting, Finance, Economics, andBusiness Administration. The complete absence of this information, much less discussion, is quite extraordinary.

    Is the book right? If so, the book itself provides an explanation for this blackout, and becomes all the more valuablefor its uniqueness as a source of truth. If the book is wrong, it is an amazingly detailed work of fiction, providing anabundance of opportunity to be challenged and refuted.

    If you find this book of value, pass it on

    The author of the book, Eustace Mullins, did his research for the book at the Library of Congress, where he was astaff member, over a four-year period from 1948 to 1952, when the book was first published. What he learneddefined the rest of his life an ongoing search for Knowledge and Understanding.

    The book reflects Mullins' research orientation and attention to detail. It is packed with names, dates, quotes,references, and other detailed information. The density of this information makes the book invaluable as a referencebook; it also makes the book difficult to read. To help overcome this limitation, various illustrations and othermaterials have been added. The reader is encouraged to review these materials before starting the book, then usethem for reference while reading the book. Otherwise, if so desired, skip these materials for now and jump directlyto the book.

    Additions to the Book

    This Preface An Overview A List of Charts and Exhibits Various Exhibits Be sure to read Exhibit 8

    To further facilitate comprehension, minor changes have been made to the formatting as follows: chaptersubheadings have been added to make the discussion easier to follow; quoted paragraphs have been indented todifferentiate them from the author's words; and paragraphs containing lengthy embedded quotes have been split toseparate out the embedded quote for indentation. The text of the book has been accurately reproduced and theoriginal page numbering has been maintained.

    * This page is new; it was not part of the original book.

  • Secrets of the Federal Reserve

    i

    Overview*

    The book makes a number of points. Here is a partial, albeit incomplete, summary:

    The Federal Reserve is a syndicate, a cartel, that in operation is no different than the Bank of England andthe other European central banks after which it is modeled.

    It is not a Federal agency. It is a privately-owned organization that is controlled from London and New Yorkby a handful of international banking families that constitute a Global Money Power united by intermarriageand common interests.

    The Rothschilds, J.P. Warburg, and Kuhn Loeb Company partners figure prominently in the creation of theFederal Reserve System and the events leading up to it, as well as the control of America's industries andresources, World War I, the Communist overthrow of Russia, the Agricultural Depression of 1921, theCrash of 1929, and the Great Depression. See Exhibit 4, Exhibit 5, and Exhibit 6.

    The Federal Reserve is unconstitutional.

    It was created in 1913 by stealth and deception, the culmination of a century-long silent war over control ofthe United States.

    Congress and the American people were misled as to its real nature.

    Its powers are vast. The use of these powers including the power to create money from nothing by aGlobal Money Power has resulted in the enrichment and empowerment of the few from the misery ofeveryone else.

    Federal Reserve notes are debt, not "money" as we think of it.

    * This overview is new; it was not part of the original book.

  • Secrets of the Federal Reserve

    ii

    Organization

    The Federal Reserve System/SyndicateThe Federal Reserve System consists of 12 regional banks and threecoordinating bodies. These coordinating bodies fix prices (interest rates) andpolicies for the entire Federal Reserve System. This collusion, which would beillegal for any other industry, allows the Federal Reserve System to operate as amonopolistic syndicate a cartel in which each Federal Reserve Bank isgiven responsibility for operation its region without competitive pressure.Foreword

    12 Federal Reserve Banks 6, 8, 34, 35, 40, 41, 44, 83

    Federal Reserve Board 6, 14, 19, 23, 29, 31, 32, 34, 35, 36, 37, 38, 39,41, 42, 44, 45, 64, 78, 86, 87, 95, 112, 119,124, 125, 126, 128, 129, 133, 139, 140, 143,144, 145, 146, 149, 154, 157, 159, 162, 163,165, 169, 171, 172, 180

    Federal Advisory Council 6, 19, 40-46, 113, 116, 117, 119, 128, 129, 144

    Open Market Committee 115, 123, 129, 133-134, 136, 146, 160,162-164, 166-168, 172, 174, 205

    Central BankThe Federal Reserve System, as a whole, constitutes a central bank that inoperation is no different than the Bank of England, the Bank of France, theDeutschebank, and other European central banks. 157

    Fe