Woodrow Wilson on Morgan and Panics and the Federal Reserve

So You Think Your Life Was Wasted — Part Three (9)

March 9, 2010

(9:40 p.m.) A first, a “by request” attempt to reach a specific historical individual. In this case it is Woodrow Wilson, at my brother Paul’s suggestion.

“Here is the quote. If you reach Mr. Wilson, before you ask him about the late amendment ask first if he ever actually said this:

“`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.’ -Woodrow Wilson”

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