Eustace Mullins’ “Secrets of the Federal Reserve”: Read About what Ezra Pound Called “The Great Betrayal”

~~By American Lassie

(Editor’s Note: American Lassie has a background in tax accounting.)

(Please also note this disclaimer: Eustace Mullins has long been admired by the right; he has also been labeled as being  a “conspiracy historian” and “anti-Semitic.”  I’ve noted below various sites that offer his writings and comment, both positive and critical, about Mullins.  These days, we need to read and learn all we can…but with critical minds. The reader must make his own judgment on the ideas of Eustace Mullins. This site takes no position on Eustace Mullins at this point, nor the work of David Allen Rivera which is also mentioned.  Some readers might find some of the material interesting and links are provided for further exploration–InsightAnalytical-GRL)


Treasury Secretary Timothy Geithner’s plan to rescue the U.S. financial system, all $2.5 trillion of it,  has sent markets tumbling. See Geithner’s  biography at the Federal Reserve Bank of New York site, where Geithner served as President from 2003 until his confirmation.  The bio also details his prior activities in international banking at Treasury, the International Monetary Fund, and his stint at the Bank for International Settlements.)

This leads me into the matter of The Federal Reserve.   In my opinion, the chairmen of The Federal Reserve, both past and present, have an unhealthy influence on this country.  While Geithner comes to Treasury from serving as President of the Federal Reserve in New York, Paul Volcker, former Chairman of the Federal Reserve,  is head of Obama’s economic advisory panel of people from outside the Administration (although there are rumblings that Lawrence (Larry) Summers, Obama’s National Economic Council Director is slowing down the organization of this panel).  Seeing the current Chairman of the Federal Reserve Ben Bernanke on Capitol Hill with Henry Paulson in September 2008 brings to mind the stealthy way the Federal Reserve was established. (Editor’s Note: Reuters reported on September 21, 2008: Paulson: Foreign Banks Can Use U.S. Rescue Plan …”foreign banks will be able to unload bad financial assets under a $700 billion U.S. proposal….”  I don’t know if this provision is in any of the bailout/stimulus bills that have since passed.–IA-GRL)

An author by the name of Eustace Mullins has been writing about the formation of the Federal Reserve and international bankers for years.

Here’s a little background on Eustace Mullins and how he came to spend so many years of his life researching and trying to get published his works on the Federal Reserve System. (Some of this material is from the “Secrets of the Federal Reserve” site linked below.)  Mr. Mullins is a veteran of the U.S. Air Force, a native Virginian, educated at Washington and Lee University; New York University; Ohio University; University of North Dakota;  the Escuelas des Bellas Artes, San Miguel de Allende, Mexico; and the Institute of Contemporary Arts in Washington, D.C.  While researching his book, Mr. Mullins was on the staff of the Library of Congress.

His book, “Mullins on The Federal Reserve,” was commissioned by the poet Ezra Pound in 1950 and published in 1952 by Kaspar and Horton, New York.  This was the first nationally-circulated revelation of the secret meetings of international bankers at Jekyll Island, Georgia, from 1907-1910.  Dr. Ezra Pound was a political prisoner at St. Elizabeth’s hospital, held without trial.  Franklin Roosevelt had personally ordered him indicted on the demand of his three personal assistants, Harry Dexter White, Lauchlin Currie and Alger Hiss, all of whom were later identified as being connected with communist espionage.

Mr. Mullin’s research was aided by George Stimpson, founder of the National Press Club, who was known as “our walking Library of Congress” by Washington newspapermen.  Mullins was turned down by 18 publishers before one finally told him he would never get his book published.  After 2 years, the book was published in a small edition in 1952 by John Kaspar and David Horton using the title “Mullins on The Federal Reserve.”  In  1954 a second edition was published in New Jersey as “The Federal Reserve Conspiracy.”

In 1955 Guido Roeder brought out a German edition in Oberammergau, Germany.  The entire edition of 10,000 books was seized and burned. The burning of the book was upheld on April 21, 1961 by Judge Izrael Katz of the Bavarian Supreme Court.  The U.S. Government refused to intervene because James B. Conanat, the U.S. High Commissioner to Germany, had approved the initial book burning order.  In 1980 a new German edition appeared.  The identical book that was burned in 1955 now circulates freely.  The U.S. government no longer dictates the internal affairs of Germany.

The conspirators that caused Ezra Pound to spend thirteen and one half years in prison dropped charges in 1958. Ruthless international financiers had used their influence to imprison a man to keep his mouth shut.

“Here are the simple facts of the great betrayal.  Wilson and House knew that they were doing something momentous.  One cannot fathom men’s motives and this pair probably believed in what they were up to.  What they did not believe in was representative government.  They believed in government by an uncontrolled oligarchy whose acts would only become apparent after an interval so long that the electorate would be forever incapable of doing efficient to remedy depredations.” —-Dr. Ezra Pound (St. Elizabeth’s Hospital, Washington, D.C., 1950

[By “House,” he means Edward Mandell House (1858-1938) the son of British financier Thomas W. House, who made his fortune by supplying the South with supplies from France and England during the Civil War.
By “Wilson,” he means U.S. President Woodrow Wilson.  Wilson wrote about House, “Mr. House is my second personalty.  His thoughts and mine are one.”]

An international banking group had secretly planned the writing of the “Federal Reserve Act” and Congress’ enactment of the plan into law.  International bankers held secret meetings at Jekyll Island, Georgia – 1907-1910 – where the draft of the Federal Reserve Act of 1913 was written.

Mr. Mullin’s book in it’s entirety is on the internet. Read “Secrets of the Federal Reserve.”  The international bankers are named – with pictures, charts, etc.  Another book by Mullins on the subject of “The New World Order” entitled  “A Study in the Hegemony of Parasitism: The history and practices of the parasitic financial elite”  was published on the internet and is said to be “the most widely circulated book about the New World Order ever written is also still available here at the Modern History Project.

Nothing changes, it remains the same.  Taxpayer money is feeding the big banks, thanks to Henry Paulson AKA Mr. Goldman Sachs. And now, Timothy Geithner.

In the words of John Francis Hylan (April 20, 1868 – January 12, 1936), was the Mayor of New York City from 1918 to 1925:

“The real menace of our republic is this invisible government which like an octopus sprawls its slimy length over city, state and nation.  It seizes in its long and powerful tentacles, our executive officers, our legislative bodies our schools, our coourts, our newspapers, and every agency created for the public protection”…”The little coterie of international bankers virtually runs the United States Governmant for their own selfish purposes.”


More on Mullins:

Secrets of the Federal Reserve (site with text of Mullins’ book, with a  full index)

A Study in the Hegemony of Parasitism: The history and practices of the parasitic financial elite (Modern History Project text of Mullins’ book)

An Afternooon with Eustace Mullins (transcript in which he discusses accusations re: Jews)

Final Warning:  A History of the New World Order –David Allen Rivera

Sites which debunk Mullins:

From the “New York City Activist” blog:

Please do NOT trust Eustace Mullins as an authority on the Federal Reserve System!

Some of the rhetoric against the Federal Reserve System

11 Responses

  1. You ladies just rock!!! I do not have time right now to read this post but will come back and more than likely link into it.

    Many Mahalos!!!!

  2. The feeling is mutual!!!

  3. insightanalytical, like you, I too have recently done some reading about the Fed, its history, and the reach of its tentacles and concluded that more needs to be known, and everybody has to judge the facts for themselves. I found the Fed’s history on its website, as well as the New York Fed’s history and website, and even the Wikipedia entry to be useful for cross checking. Some of the names on the respective Boards of Governors and the links to other organizations from those sites are also interesting, indeed.

  4. Oligarchy –
    (a) A government by a few, especially by a small faction of persons or families.
    (b)Those making up such a government
    (3)A state governed by a few persons

    Oligarchy is a form of government where political power effectively rests with a small elite segment of society distinguished by royalty, wealth, military powers or occult spiritual hegemony.

    It has been suggested that most communist states fit the definition of oligarchy.

  5. Thanks for the links at the end of the post. They are very informative.

  6. American Lassie,

    Well done! I have observed that there are different learning curves of people in the PUMA movement, and those that have been able to see past the obfuscation, smoke and mirrors, and disinformation are those that will save this country form the current Coup that is very close to complete.

    For those of you that think Lassie is wearing a tin foil hat, it’s time to stop and seriously question yourself about how exactly it came to pass that a nobody like Barack Obama was able to get away with everything we know he did during the elections. This goes much deeper than Obama, and frankly I believe that once the Coup is complete Obama will be no more necessary than anyone else to these people and his masters will make sure his narcissism doesn’t interfere with their plans. )Mark my words – if Obama dies while in office now that he’s been coronated, it will make the JFK assassination look like a Nancy Drew story. )

    These people are deeply ensconced in power, have no use for us as individuals (merely as a way to get what they want), and they have absolutely no boundaries anymore. They have been so emboldened by their latest power grab that they no longer feel the need for pretense or cover. They are acting blatantly and overtly, and that means they will make mistakes out of arrogance. (Obama has already begun doing that.)

    Throughout it all, we must be watchful and ready to act as needed. And never forget – we are the ones they weren’t expecting.

  7. Very well done. I’ve heard people rail against the Federal Reserve for years and really paid little attention until the past year and a half.

    The pieces continue to fall into place don’t they?

    The good thing is I see more people becoming aware and beginning to question.

  8. Thanks for this well written and well researched post Lassie. We should not be afraid to get information where we can find it.

    Once you stop being partisan and just look at information as information not evil right wing information as opposed to wondrous left wing information you become educated to a world around you that you never knew existed.

    Tin-foil hats or no tin-foil hats, a fact is just a fact. And if we aren’t interested in a fact because of where the fact came from we can never be well informed. Facts know no party or ideology. They are simply facts.

  9. Wow. This is a ton of very interesting information! I am glad I have had a cup of coffee!
    Thank you for your hard work!

    I am truly enjoying digging through this blog!! What wonderful writers you all are!!

    I also think that Obama is a front for something much bigger, and he was chosen years ago. It is reassuring to be among others that are researching, learning and seeking answers.

  10. Thanks for finding us, gagirl.

  11. gagirl,

    By all means, go through the archives here. GRL has written some wonderful research pieces well “ahead of the curve” over the past year that still stand the test of time and are very informative. Sometimes it’s interesting to see just how early in the campaign a trend was first observed.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: