The Creature from Jekyll Island: A Second Look at the Federal Reserve
by G. Edward Griffin
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Book Summary Information
Author: G. Edward GriffinEdition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2002-06
ISBN: 0912986395
Number of pages: 608
Publisher: Amer Media
Book Reviews of The Creature from Jekyll Island: A Second Look at the Federal Reserve
Book Review: A book that should be read in spite of shortcomings
Summary: 5 Stars
I read many of the reviews, both positive and negative, before buying and reading this book. I think this is an important work. It is poorly written and a chore to get through, but the information contained herein is so important and so unknown by the average person that it is worth reading.
I noticed that many of the negative reviews focused on the author's contentions with regard to the formation of he Federal Reserve System and the rationale for that system. These reviewers points are, for the most part, valid. That said, the real issues aren't with how or why the Fed has been formed but rather the impact of that organization on everyday life.
First and foremost, it is imperative to understand the Fed's role, working with Congress, in the creation of fiat money through fractional reserve lending. It is important to understand that fiat money inevitably leads to inflation which is nothing more than a debasement of the currency. The reason that they choose to allow this is because it enriches insiders at the expense of everyone else. It is most important to understand that inflation is nothing more than a hidden tax on everyday Americans.
Second, it is important to understand that war is the most profitable activity on the face of the earth for a banker. is war. We need to understand that many of our wars are fought not for purposes of empire or to advance our ideology, but rather so that bankers can profit. Countless people around the world have been killed so that money center banks can profit.
Finally, it is important to acknowledge that when measured against the Fed's own stated reason for its existence (to stabilize the money supply and the economy), the Fed is an abject failure and as a failure the organization should be disbanded.
What is particularly disturbing about this work is how closely the chapter entitled "A Pessimistic Scenario" closely parallels our current financial crisis.
As I said, I found this book to be poorly written. I found the references to sources often weak and/or non-existent. That said, the book is still a very important work, and perhaps the best source of summary information that can be researched later in more depth by anyone interested in finding out the role of the Fed in our current economic mess. If you choose to dig, you may very well be disturbed by what you discover, as I was.
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Summary of The Creature from Jekyll Island: A Second Look at the Federal Reserve
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 will change the way you view the world, politics, and money. Your world view will definitely change. You'll never trust a politician again - or a banker.Money & Monetary Policy Books
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