In 1913, President Woodrow Wilson approved the Federal Reserve Act. A few years later, he reflected:
"I
am a most unhappy man. I have unwittingly ruined my country. A great
industrial nation is controlled by its system of credit. Our system of
credit is concentrated. The growth of the nation, therefore, and all our
activities are in the hands of a few men.
"We have come to be one of
the worst-ruled, one of the most completely controlled and dominated
governments in the civilized world -- no longer a government by free
opinion, no longer a government by conviction and the vote of the
majority, but a government by the opinion and duress of a small group of
dominant men."
2 comments:
So, the controlling, racist, Progressive bastard had second thoughts about one action?
Who new?
gfa
Guffaw - I suspect he was more concerned about posterity than prosperity.
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