The Creature From Jekyll Island
by G. Edward Griffin
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“The Creature from Jekyll Island” by G. Edward Griffin is a thought-provoking and controversial book that delves into the secretive origins and manipulative actions of central banking, with a particular focus on the Federal Reserve System in the United States. Griffin argues that a cabal of wealthy bankers conspired to create a privately controlled central banking system that enables them to manipulate economies for their own benefit, concentrating financial power and controlling the world’s money supply. The book presents a compelling narrative that challenges the conventional understanding of central banking and its impact on society.
Griffin begins by tracing the early history of central banking, highlighting the evolution of privately owned central banks and their role in influencing national policies. He argues that these banks have consistently created cycles of boom and bust, benefiting a select few at the expense of the general population. The book provides a detailed account of how central banks have used their power to manipulate interest rates, control the money supply, and influence government policies to serve their own interests.
The book’s central focus is the creation of the Federal Reserve System in 1913. Griffin presents evidence to support his claim that the Federal Reserve resulted from a secret conspiracy among wealthy bankers. He describes how a group of influential bankers met secretly on Jekyll Island, Georgia, to draft the plan for the Federal Reserve System. The book argues that the Federal Reserve Act was designed to give a small group of bankers unprecedented control over the nation’s money supply and economic policies.
Griffin contends that the Federal Reserve’s actions have led to economic instability, inflation, and wars. He argues that the Federal Reserve’s policies have consistently benefited a select few at the expense of the general population. The book provides numerous examples of how the Federal Reserve’s manipulation of interest rates and the money supply has led to economic booms and busts, enriching a small group of bankers while causing hardship for millions of Americans.
One of the key arguments presented in the book is that the Federal Reserve operates with little oversight or accountability. Griffin points out that the Federal Reserve is a privately owned institution despite its name suggesting otherwise. He argues that the Federal Reserve’s operations are shrouded in secrecy, and its decisions are not subject to democratic scrutiny or control. Griffin contends that this lack of transparency and accountability allows the Federal Reserve to pursue policies that benefit its owners and their allies, regardless of the impact on the broader economy or society.
Griffin also examines the impact of the Federal Reserve’s actions on the global economy. He argues that the Federal Reserve’s control over the world’s reserve currency, the U.S. dollar, gives it enormous power to manipulate global economic conditions. The book contends that the Federal Reserve has used this power to advance the interests of a small group of international bankers, often at the expense of developing nations and their populations.
The book presents a compelling case that the Federal Reserve is a negative force in the U.S. and global economies. Griffin argues that the Federal Reserve’s actions have led to economic instability, inflation, and wars, benefiting a select few at the expense of the general population. He contends that the Federal Reserve operates with little oversight or accountability, allowing it to pursue policies that serve its interests rather than those of the broader economy or society.
“The Creature from Jekyll Island” is a thought-provoking and controversial book that challenges conventional understanding of central banking and its impact on society. Griffin presents a compelling narrative that argues the Federal Reserve is a privately controlled institution that manipulates economies for the benefit of a small group of wealthy bankers. The book provides a detailed account of the Federal Reserve’s origins, its impact on the U.S. and global economy, and its lack of oversight and accountability.
I view this book as a call to arms for a return to the Gold Standard where money has meaning and can no longer be created out of thin air.
