The Creature from Jekyll Island: A Second Look at the Federal Reserve

Excellent book! It just goes to show why it’s a bad idea to be emotionally invested in money. Money is a tool to create wars. Fiat is created out to thin air. The International Monetary Fund, the Federal Reserve, and even the UN are all agencies seeing to bring socialist one world government and financial demise of the world. They bail out third world countries and encourage communist regimes, hoping these economies will be much more in debt and enslaved by their nepotism. They do it so subtly, it’s all a game played by them. This book gives great detail and explains very clearly how this has come to be.It discusses the intricacies of present day fiat system - and how the federal reserve creates money out of thin air to lend to institutions. It is not so much a “reserve” of money but an independently run cartel (founded to eliminate competition & swallow smaller banks) that operates for profit rather than serving the greater needs of the economy and the people. The middle class have repeatedly been thrown under the bus and the rich keep getting richer under such a system.Money is just a store of value but to a “poor” mind (financially uneducated), it can be a very emotional thing that they work hard to accumulate. For the federal reserve, it’s their super power that they can legally create money from nothing and charge interest on money that didn’t even exist in the first place. They’re simply flooding the system and own everybody with their fake money. Who pays when the government spends money & bails out companies in an altruistic fashion? Where does the money go? Who pockets it?Money is an emotional trap for the financially uneducated. I think this book has helped me see how money is created and how the scales are tipped in the fed’s favor & not in ours. The federal government spends money so recklessly that it’s operating at a deficit and when it needs money it goes to the Fed without asking the public. The fed prints more money to pay the corrupt individuals who purposefully bankrupt their companies (and get the government to co-sign those loans) and pocket the extra $$ in terms of bonuses, dividends and salaries, and the rich still keep getting richer. When the government gets bailed out, the Feds pump more money into the system which leads to inflation. All this is irresponsible and reckless but done in the name of jobs and helping the public. The government is inefficient and a scapegoat run by politicians who twiddle their thumbs and knowingly bail out corrupt companies, and banks which operate just so they can make high risk loans. The public is distracted by FUD (fear, uncertainty and doubt) and expects handouts. I see money differently now that I know what to expect & why saving without appropriately investing the money to create Cashflow isn’t exactly helpful as it means next to nothing (you’ll stay poor if you continue to save). The book discusses how banks are pushed to legally commit S&L (savings and loans) fraud. Ultimately, the information contained within has helped me reflect on capitalism, the philosophy of Ayn Rand and how the global economy is on the brink of collapse because of present day fiat system and the federal reserve cartel.It’s a heavy book with a lot of content but it’s been written in such a way that you can pick which parts you want to read, and details can be skipped & you can read the chapter summaries. I’ve read the book until chapter 4, and I’m reading and making notes. Its an excellent book & I recommend every curious individual to read it. It’s opened my eyes to the idea of money, its declining value, and it’s lack of safety from external factors like Fed-created inflation and eventual economic collapse. This book was recommended by R Kiyosaki in Cashflow Quadrant & I decided to read it along with a list of other books that he recommended. I’m glad I did.

Bank regulation--is it a good thing or a bad thing?The Federal Reserve System--do we simply have to accept it as part of living in the modern world or should we terminate it?Why do people say we don't really live in a "free market" society?Should we be concerned about the World Bank and the IMF? What about the UN? Why can democrats and republicans appear to be on different sides of many issues yet when one or the other gets into office some of the most important issues (many not even discussed during the campaign) march forward as if it didn't matter which one was elected? How bad is our currency, really?Who is to blame, bankers or government?Read the book and find out. This is truly an incredibly important read not because of the opinions expressed but because of the primary source quotes and annotations and the logical cohesion sewn into every chapter.It's one thing to express an opinion, write a book around it, and sell copies. This is not that kind of book. This book traces the history of banking and paper money starting hundreds of years ago when goldsmiths kept gold in their vaults for customers in exchange for paper receipts and continues through to the creation of European central banks, the Fed, and the Bretton-Woods Accord.But it's not a boring dry read filled with banker babble. It reads more like a horror story than anything (a horror story that is true!). And you won't walk away from this book an anti-capitalist. In fact, I am the most ardent capitalist I know (that's saying a lot) and I finished this book and almost cried. We have done some absolutely horrible things to our currency--the life blood of our economy. All we wanted our government to do was guard our liberties and leave us alone. We have lives of our own we'd like to lead. But our government and the world's largest bankers have taken advantage of our innocent nature--our blind eye to inflation and collusion at the highest levels. They have taken advantage of what little trust we have in them and have used that trust to destroy entire nations through influence, debt, and war all with our tacit approval. We are guilty because we allowed it to happen. We failed to watch every SINGLE move our elected officials made over the past hundred plus years. And while we weren't watching, while we weren't educating ourselves on the labyrinthine banking architecture being built right in front of our faces they inflated our wealth, our savings, and our future away. All of it. And they destroyed nations in the process. And the United States, being the most prosperous nation in the history of the world will crumble because we never saw it coming.But I must be wrong! We have money now, right? We can save now, right? We've made it through economic downturns before and we'll make it through this one, right?Time. Time reveals the lie that has been sold to us. Read the book and find the truth.Griffin has written one of the most excellent and accessible histories of the Federal Reserve System. He backs it up with stunning and sometimes appalling first hand quotes from original sources (not from sophomoric and professorial interpretations of sources). He gets them straight from the horse's mouth and compiles them in an easy to read tome and sews it all together with solid logic. This is the way the world works folks.All we wanted was to be left alone. But that is not possible now. You must read this book to find the truth because you won't find it on TV or in the main stream news or in a PBS special. When you finish the book you'll know WHY.

This is one of my favorite books, so much so I've read it twice. It's also a book I wish I've never read but glad I did because it will open your eyes. The author gives you the glimpse inside the Federal reserve system and why it should be abolished. Simply put, it's all a lie and their objectives can never really be accomplished because their real stated objective is to serve their banking masters the banking cartels and their families who have been running our financial world for generations. The evil intentions for continuous war, gambling on people's lives, money printing, bail out money for the rich and to enrich those they serve rather than serving We The People. Further evidence the author provides is through the devaluation of the currency since it's existence and has no other tricks up it's sleeve other than more money printing, and purposely creating chaos for more control and to one day own it all for themselves and making themselves even more powerful in the process.