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This book was from its inception commissioned and guided by Ezra Pound. Pound played a major role in the inspiration and in the editing of these works--which leads us to believe that this present work, also inspired by Pound, represents an ongoing literary tradition.
Four of his protgs have previously been awarded the Nobel Prize for Literature, William Butler Yeats for his later poetry, James Joyce for "Ulysses", Ernest Hemingway for "The Sun Also Rises", and T. Although this book in its inception was expected to be a tortuous work on economic and monetary techniques, it soon developed into a story of such universal and dramatic appeal that from the outset, Ezra Pound urged me to write it as a detective story, a genre which was invented by my fellow Virginian, Edgar Allan Poe.
Both Stimpson and Pound made many suggestions in guiding me in a field in which I had no previous experience.
When Pounds resources ran low, I applied to the Guggenheim Foundation, Huntington Hartford Foundation, and other foundations to complete my research on the Federal Reserve.
It is a truism of the writing profession that a writer has only one book within him.
This seems applicable in my case, because I am now in the fifth decade of continuous writing on a single subject, the inside story of the Federal Reserve System.
Eighteen publishers turned it down without comment, but the nineteenth, Devin Garrity, president of Devin Adair Publishing Company, gave me some friendly advice in his office.
"I like your book, but we cant print it," he told me. Why dont you bring in a prospectus for your novel, and I think we can give you an advance.
After two years of fruitless submissions, the book was published in a small edition in 1952 by two of Pounds disciples, John Kasper and David Horton, using their private funds, under the title Mullins on the Federal Reserve. Hunt and he suggested that I should continue my long-delayed research on the Federal Reserve and bring out a more definitive version of this book.I believe that the continuous circulation of this book during the past forty years has not only exonerated Ezra Pound for his much condemned political and monetary statements, but also that it has been, and will continue to be, the ultimate weapon against the powerful conspirators who compelled him to serve thirteen and a half years without trial, as a political prisoner held in an insane asylum a la KGB.His earliest vindication came when the government agents who represented the conspirators refused to allow him to testify in his own defense; the second vindication came in 1958 when these same agents dropped all charges against him, and he walked out of St. His third and final vindication is this work, which documents every aspect of his exposure of the ruthless international financiers to whom Ezra Pound became but one more victim, doomed to serve years as the Man in the Iron Mask, because he had dared to alert his fellow-Americans to their furtive acts of treason against all people of the United States.Its all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.It's just exactly what every American needs to know about the power of the central bank." The book: The Secrets of the Federal Reserve Read word for word for audio: Secrets of the Federal Reserve Charts 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.