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

The Creature from Jekyll Island : A Second Look at the Federal Reserve
G. Edward Griffin | 1900-01-01 00:00:00 | American Media (CA) | 608 | Economics
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 create the grand illusion called money. A dry and boring subject? Just wait!

You'll be hooked in five minutes. Reads like a detective story - which it really is. But it's all true. 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 definitely change. You'll never trust a politician again - or a banker.
Reviews
If you know nothing about economics but know something is wrong in America and want to find out what is really going on, read this book. The fundamental problem with our currency, the American dollar, is what is wrong. This book explains why. The Federal Reserve Bank is not federal, not a reserve and not a real bank. It is a partnership between the federal government and some very wealthy people who have rigged the system so that neither partner looses but everybody else does. This is a well written mystery book that explains exactly who the guilty are and how they continue with this scam. MUST READING!
Reviews
An eye-opening expose of the Federal Reserve. The ultra rich of the world maintaining control of the money all over their empires.

The ultimate greed of unscrupulous people who only care about themselves and to hell with humanity.
Reviews
I gave the book 5 stars even though the book is a little too long bc the subject matter far outweighs the execution.



This book will keep you from being deceived from every trick in the book the bankers will try to steal your money. It exposes the corruption of our banking system and therefore opens your eyes to how you can protect your wealth from being stolen.



If you can read this book and not feel compelled to educate people and fight the current banking system, then you're either a zombie or a banker.
Reviews
I used to work in banking 20 years ago. What most people do not understand about the banking system is this... Congress will pass a bill to print more money. When that money is placed into a bank account (i.e.: checking, money market, CD, etc...) the bank can actuall report that they have 90% more money available to loan to customers. (Example: If you open a checking account with $100, then the bank can claim to have $1,000 for the purposes of loans. Where does the extra $900 come from?) The extra 90% is printed by the treasury to allow the banks to perform their loans. When the loan is paid back, the 90% is adjusted (destroyed) to match the balance of the customers on hand. The interest that is paid with the loan is used to pay salary, wages, utilities, etc... So, when a 30 year loan for a $200,000 house is given to a customer, the bank will earn close to $600,000 in interest. The principle $200,000 is backed only by $20,000 worth of deposits. So when the bank receives up to $800,000 for a $200,000 house, the treasury must allow enough cash to be flowing in public to cover this amount. The Federal Reserve Act that was blessed by Congress has allowed the banks to work this way for money. The interest rate is used to control the flow of money. (If the public does not have enough money to cover their loans, the interest rate will then be changed to allow consumer prices to change. Money spent is more money flowing and more loans available to get more money out in public. The opposite is true when too much money is in public and consumer prices are threatening to change. The interest rate is adjust to prevent price changes, but interest rates on loans will eat-up the extra cash that flows throughout the public.) So, Congress and the Federal Reserve is to blame. Plus, interest rates are used to control the accumulation of public wealth, but the banks will always come out ahead. As for this book? The book is actually good. It provides a better history of money from ancient times to the present than anyother book that I have come across. My suggestion? Read this book and then do the necessary research to prove or disprove to yourself the facts therein. One or two minor points from other readers is not enough to condemn a 600 page book.
Reviews
Simply the best review of the genesis of the federal reserve that I have ever read. This is a must read for anyone who wants to understand the fundementals of our failing monetary policy.

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