Secrets of the Federal Reserve

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Secrets of the Federal Reserve

$27.99

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★★★★★ Trusted by hundreds of readers worldwide

The Grandfather Text

Secrets of the Federal Reserve, first published in 1952, is Eustace Mullins' investigation into the founding and ownership of the Federal Reserve System. Mullins researched the book at the direction of Ezra Pound, who was confined to St. Elizabeths Hospital in Washington, D.C. at the time. Pound pointed Mullins toward the Library of Congress and told him to find out who owned the Federal Reserve. The result was this book, which has been in continuous circulation for over seventy years through various editions, most of them self-published or from small presses.

The Argument

Mullins traces the origins of the Federal Reserve Act of 1913 to a secret meeting at Jekyll Island, Georgia, in 1910, where representatives of the Morgan, Rockefeller, and Rothschild banking interests drafted the legislation that would create the central bank. He argues that the Federal Reserve is not a government institution but a private banking cartel, that its creation was a deliberate transfer of monetary sovereignty from Congress to the banking elite, and that the major financial crises of the twentieth century were engineered or exploited by the system's owners.

Legacy and Influence

Whatever you think of Mullins' conclusions, the book's influence is undeniable. It is the foundational text of American populist criticism of central banking, and its arguments have filtered into mainstream political discourse from Ron Paul to the Tea Party movement and beyond. Many of the factual claims about the Jekyll Island meeting and the Federal Reserve's ownership structure have been corroborated by subsequent mainstream historians.