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

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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 war… More >>

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

5 Comments For This Post

  1. Tyrone Hill Says:

    This book is informative. However, the concept of precious metals backing for our monetary supply is a thing of the past and will remain that way because fractional reserve currency best suits the USA and the way it is structured and motivated, however good 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 address the underlying problem, and only then will we be able to address the dangers arising from creating 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 general 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 general. 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 irrelevant, where money is God, money is the most important thing in the world, money is grace. To the author, religion is part of the problem, but he is wrong.

    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.
    Rating: 3 / 5

  2. Pedro Voltaire Says:

    The author of this book should be arrested, lobotomized and sent to Gitmo for the ludacris assertions he makes.

    Without the Federal Reserve, how would Citi et al be able to handle the problem of reserve requirements should people want to take cash out the banking system?

    Poorly thought out arguments, Mr Hubbard.

    Verdict: 2 stars only because there was a good picture of Keynes’ charming smile.
    Rating: 2 / 5

  3. A_2007_reader Says:

    Of course fiat money is based not on hard assets, but on a promise–hence every note has “legal 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 put a spin on this issue. No doubt the issue of private banks versus cartelized Federal Reserve 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 found out); how money supply can be expanded before people realize the sleight of hand (hence J.M. Keynes great insight about temporarily stimulating demand by printing money); and a few “us-versus-them”, “Wall Street versus Main Street” or Intl Semetic or other such nonsense retoric will be suggested to bait the reader and keep things interesting. 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.
    Rating: 2 / 5

  4. Juli Bednarzyk Says:

    From his own bio:

    I especially liked the slick Clintonian phrasing “In preparation for writing his book on the Federal Reserve System, he enrolled in the College for Financial Planning 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!
    Rating: 1 / 5

  5. H. Thomas Says:

    Ding-a-ding-ding-ding-a-ding…. On a warm summer night, on a train bound for Jekyll Island, I met up with a group of robber barons and we plotted to usurp the financial infrastructure of the US, with a cabal of institutions known as federal reserve banks, that were private in nature, neither federal nor banks…

    As noted by a previous reviewer, I found this to be written at an 8th grade level, both in style and substance. The author notes that a reader might be intimidated by the number of pages, so to expedite reading, chapter summaries can be read that will easily explain the information.

    In fact, the book is a very easy read, one that can be knocked out in a weekend. It’s simplistic, humourous, and loaded with inaccuracies.

    Libertarians with guns should leave the business of government to the eggheads. Trust me, we’re much better off that way.
    Rating: 1 / 5

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