Barron's Stockbroker Examination: Series 7 Book

Financial crisis after crisis, people are starting to rethink and reflect everything - from political superstructure to financial and social infrastructure. One thing that people tend to forget time and time again though is that the same thing has been done more than 90 years ago and that the question has been answered. The problem is the establishment of America's Central Bank - Federal Reserve.

In his book of 16 chapters, which were originally published in 1952, Eustace Clarence Mullins explained the origin of the Federal Reserve Act, produced evidence after evidence about the objective of the Federal Reserve, the secret plans that the Federal Reserve was designed to accomplish, and those men behind the plans, etc. In summary, Mullins pointed out that the Federal Reserve was the problem that caused, not the solution to resolve, the economic crisis and panics after WWII.

The Federal Reserve was, contrary to many believe, a privately owned corporation, a bank of banks. It is not a governmental organization although it appears to be because of the fact that the Chief is appointed by the President. This is of course an art to make that the Federal Reserve is accountable to the public while the fact is that it is only accountable to those who created it.

It is created by elite group of international financiers, or its agents/ front men, to compete and eliminate other financial lenders, mainly those operated in the rural communities for the agriculture and the general populace outside the headquarter city of New York.

The American people fought for long about a Central Bank - "there had until 1896 been a continuous struggle against a totalitarian domination of financial resources". They didn't want it. It was imposed on them and once money was created out of liquidity and lending, people were chained and became slaves. The American Civil War and the First World War were created out of the needs of the international financiers. The entire nation's financial resources are mobilized with credits mortgaged on the U.S. people and their future, generation after generation. The Congressional power to coin money and regulate thereof was once and for all delegated to private interests by the Federal Reserve Act.

It is a book startling to read like a page-turner thriller story. Even though we might have known some of the facts, we don't know the whole picture of them. They need to be put into context for examination and complete understanding. Mullins' works is one great place to start with when people ask why.