This book is one of the "classics" of the conspiracy genre, and has become something of an historical item in its own right. It was originally distributed as part of the 1972 presidential campaign of the "America Party", whose candidate, Rep. John G. Schmitz, wrote the introduction. Both Schmitz and author Gary Allen were closely tied to the John Birch Society, and there is a plug for the JBS at the end of the book.
Thanks for the laugh.
You laugh. Let me ask this.
The Federal Reserve was created in 1913, supposedly in response to the financial Panic of 1907. The reason given for its creation was to prevent any future financial crashes - that’s why the extraordinary transfer of Constitutional power from Congress to a non-governmental body.
And what happened? We got a crash anyway - the worst one in history. Contrary to the promises of the bankers upon its creation, the Fed was useless in stopping the Depression.
So, clearly, prevention of panics WASN’T the REAL reason behind the creation of the Fed, just a distracting lie. So what was the real reason?
So then you ask, “OK, who stood to benefit?”
Now it gets interesting.
(AND we’ve still got income tax, a supposedly “temporary” measure - what’s up with that?!!)