Eustace Clarence Mullins, Jr. was born in Roanoke, Virginia, the third child of Eustace Clarence Mullins (1899–1961) and his wife Jane Katherine Muse (1897–1971). His father was a salesman in a retail clothing store.
In December 1942, at Charlottesville, Virginia he enlisted in the military as a Warrant Officer. He was a veteran of the United States Army Air Forces, with thirty-eight months active service during World War II.
Mullins frequently visited poet Ezra Pound during his period of incarceration in St. Elizabeths Hospital for the Mentally Ill in Washington, D.C. between 1946 and 1959. According to Mullins it was Pound who set him on the course of research that led to his writing The Secrets of The Federal Reserve
Mullins was a researcher at the Library of Congress in 1950 and worked with Senator Joseph McCarthy investigating Communist Party funding sources. He later stated that he believed McCarthy had "started to turn the tide against world communism". Shortly after his first book came out in 1952, he was discharged by the Library of Congress.
In the 1950s, Mullins wrote for Conde McGinley’s newspaper Common Sense, which promoted the second edition of his book on the Federal Reserve, entitled The Federal Reserve Conspiracy (1954). Around this time, he also wrote for Lyrl Clark Van Hyning's Chicago-based newsletter, Women's Voice. In 1995, he was writing for Criminal Politics. Around the end of his life, he would write for Willis Carto's magazine Barnes Review.
Mullins lived in Staunton, Virginia, in the house on Madison Place where he grew up, from the mid 1970s through the end of his life.
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