"What is called common sense is excellent in its department, and as invaluable as the virtue of conformity in the army and navy,--for there must be subordination,--but uncommon sense, that sense which is common only to the wisest, is as much more excellent as it is more rare."

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The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.

— Eustace Mullins