Airwolf84 wrote:
TeenWolf, does your silence indicate you have no source on this?? Its a pretty bold statement to suggest a US President told the country he "destroyed his Nation" especially with nothing to back it up.
Wilson said in 1919, six years after signing the Federal Reserve Act "I am a most unhappy man. I have unwittingly ruined my country. A great industrial system is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction, but a government by the opinion and duress of a small group of dominant men."
Wilson went to his grave regretting the creation of the Federal Reserve Bank.
Ever hear of a search engine?
It's pretty sad when even wikipedia doubts the authenticity of a quote. Ever hear the one from President Packer about how a hush will fall over the hosts of heaven and they will bow to the generation of Gordon B. Hinckley?? Just another made up quote with a name attached to give it a bit more oomph....but they never really said it.
This "quote" is actually a hobbled together fabrication from two of Wilson's speeches.
The first, given in 1911:
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.
And the second, given in 1913, 4 months prior his signature in question:
We are at the parting of the ways. We have, not one or two or three, but many, established and formidable monopolies in the United States. We have, not one or two, but many, fields of endeavor into which it is difficult, if not impossible, for the independent man to enter. 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 the opinion and the duress of small groups of dominant men.
Both speeches were given prior to his bringing the Federal Reserve to fruition, hence he could not have expressed regret for having done so. In actuality, both speeches were given as arguments
FOR the Federal Reserve. It is also of note that in none of the known speeches of Woodrow Wilson at the Library of Congress has he ever uttered the phrase "I am a most unhappy man. I have unwittingly ruined my country" in that form or any of its derivatives.
As for a source, John M. Cooper, widely regarded as the historian most familiar with Woodrow Wilson, has stated "I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride."
Good luck finding your "quote" published by any reputable source Wolf-boy.