The Creature from Jekyll Island: A Second Look at the Federal Reserve
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Product Description
Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that make the grand illusion called money. A dry and dull theme? Just wait!
You’ll be hooked in five minutes. Reads like a detective tale – which it really is. But it’s all right. This book is about the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.
Creature from Jekyll Island is a “must read.” Your world view will certainly change. You’ll never trust a politician again – or a banker.
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The leader of this book should be arrested, lobotomized and sent to Gitmo for the ludacris assertions he makes.
Lacking the Federal Set aside, how would Citi et al be able to handle the problem of set aside supplies should people want to take cash out the banking system?
Poorly thought out opinion, Mr Hubbard.
Verdict: 2 stars only because there was a excellent picture of Keynes’ charming smile.
Reader’s Rating: 2 / 5
This book is informative. But, the concept of precious metals backing for our monetary supply is a thing of the past and will remain that way because fractional set aside currency best suits the USA and the way it is structured and motivated, but excellent or ill that may be.
Our monetary system is unfortunate, but it best serves our national and personal lifestyle. To change our monetary system, first we have to change our lifestyle. Our monetary system is a symptom of a larger problem. We have to take up the underlying problem, and only then will we be able to take up the dangers arising from making money from nothing, the inflation and economic insecurity.
This book fails to see the forest for the trees. The real problem is we are serving mammon (money), and not God. We have made an idol of money.
Religion in all-purpose is the answer for the USA. Not state sponsored religion, but a return to belief in God and his commandments. Religion is the best solution to lack of self-control and too much government. Marx, Lenin, and Stalin knew this and that is why they overpowered religion to control it, and if not to control it to eliminate and crush it.
Religion inspires self-control in the populace and in government, and this is a priceless commodity. It alone will free us from government taxation in the form of inflation and government interference in all-purpose. Religion is the answer to communism, the United Nations, and the One World Government. By ignoring religion and minimizing it, we are unknowingly assisting the coming One World Government.
The Creature from Jekyll Island thus suffers from a pagan world-view, which is a world-view where God is beside the point, where money is God, money is the most vital thing in the world, money is grace. To the leader, religion is part of the problem, but he is incorrect.
Before we change our monetary system it is necessary to first change hearts from the idolatry of money worship. Religion is the answer for our future as individuals and as a country.
Reader’s Rating: 3 / 5
Of course fiat money is based not on hard assets, but on a promise–hence every note has “officially authorized tender” written on it–which means to collect a debt you have to go to court (controlled by the state).
Ever since the Chinese invented fiat money (paper money) over several millinium ago, that has been the case. You cannot use fiat money in a barter system, unless you have the full faith and credit of the state, and, implicitly, a relatively limited (but one that can expand) supply.
Now this journalist’s book will no doubt attempt to place a spin on this issue. No doubt the issue of private banks versus cartelized Federal Set aside system will or should be discussed; as will be the issue of hard assets versus a paper money supply that is inflated to keep prices rising as the real economy rises (this is necessary to prevent falling prices, which most people are not familiar with; a rising money supply, even a gold-backed money supply, is necessary when an economy is expanding, as the 16th century Spanish conquistadors establish out); how money supply can be expanded before people realize the sleight of hand (hence J.M. Keynes fantastic insight about temporarily stimulating demand by printing money); and a few “us-versus-them”, “Wall Street versus Main Street” or Intl Semetic or additional such nonsense retoric will be suggested to bait the reader and keep things appealing. Finally to appease the Gold Bug nuts, a sop will be thrown in their direction about a return to the Gold standard. Maybe even the Silver standard for W.G.Bryant fans.
Disclaimer: I have not read the book, but have ordered it. But these books tend to be cut from the same cloth.
A better book is anything by James Grant. A worse book is anything by Ann Ryan.
Reader’s Rating: 2 / 5
From his own bio:
http://www.freedomforceinternational.org/freedom.cfm?fuseaction=founder
I especially liked the polished Clintonian phrasing “In preparation for writing his book on the Federal Set aside System, he enrolled in the College for Financial Preparation located in Denver, Colorado. … He obtained his CFP designation (Certified Financial Planner) in 1989.
Note that the book was published May 1, 1998.
He did not even become a CFP until a year after the book was published. Griffin was fully qualified and prepared just by enrolling in the CFP course.
Sigh – careful folks – there are a lot of scammers out there!
http://www.clownposse.org/forum/reviews.asp?review_id=4759
Reader’s Rating: 1 / 5
This book is silly and unobjective.
It should be clear from the outset to anyone who reads this that its claims are unfounded, sensationalist, and incorrect. The leader has neither the literary credentials nor the requisite banking experience to even pretend to provide an objective view of the Fed. I don’t know why publishers don’t do more fact-checking before sending garbage like this to be printed. Perhaps because they know, like the leader, that even in our modern society, people regularly throw excellent money at doomsayers and shamans. It’s unfortunate that their understanding of money ends there. (Fortunately I selected this up at the library and didn’t waste my money.) I wouldn’t discourage anyone from reading this book. But, I would encourage everyone who reads it to not make it the first or only book they read on the theme. There’s too much excellent material out there to allow this to become a primary resource.
Reader’s Rating: 2 / 5