Quotes - Woodrow Wilson regrets the Federal Reserve

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Quote

Quotes said to originate from Wilson in regret of the Federal Reserve:

"[Our] great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

"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 the duress of small groups of dominant men."

Quote Status:	Out of Context
Attributed to:	Woodrow Wilson
Category:	Central Banking; Banking
Submitted By:	Edward L Winston

Actual Details

The first quote is actually changed a bit, the original is[1]:

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

What's most interesting is that this originally was in a speech from 1912, a year before the Federal Reserve was even established, so how could he be regretting something that hasn't happened yet?

The second quote is also different, but only slightly edited[2]:

"We have restricted credit, we have restricted opportunity, we have controlled development, and 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 the duress of small groups of dominant men."

As with the first quote, this quote is from before the Federal Reserve Act even existed. This is actually from his 1912 campaign speech.

How can he regret something that hasn't happened yet?

[1] The New Freedom - Wilson, Woodrow - Chapter 8
[2] http://www.woodrowwilson.org/learn_sub/learn_sub_show.htm?doc_id=472697

Seen

Nearly anywhere talking about Federal Reserve conspiracies, and Part III of Zeitgeist, The Movie