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Creature From

Creature From

Anyone know what Creature from Jekyll Island is about?

it sounds intriguing as heck, but i want to know what you think.

Im going to be honest ive never heard of this book. I googled it but never really found much.....Its suppose to be a really good book by G. Edward Griffin I dont no if this will be any use to you and it is kinda long lol But no-one else has answered you yet and its been like 3hours, there nothing worse posting a question with no or very few replies! We could always read it together and have some Sushi x hehe

G. Edward Griffin is to be commended for this splendid work. At first glance The Creature from Jekyll Island is a huge book. While this may be daunting to some, once the book is actually started, it flows smoothly and reads quickly. There are so many fascinating tidbits of information here that the reader won't even be concerned about the size of the book. The title refers to the formation of the Federal Reserve System, which occurred at a secret meeting at Jekyll Island, Georgia in 1910. It was at this meeting, as Griffin relates, that the "Money Trust", composed of the richest and most powerful bankers in the world, along with a U.S. Senator, wrote the proposal to launch the Federal Reserve System (which Griffin calls a banking cartel) to control the financial system so that the bankers will always come out on top.
While Griffin starts with this event, he quickly moves into the present day to detail several financial crises that resulted in a quick government intervention at the behest of the bankers from the Fed, who told all who would listen that if the government (read: taxpayers) didn't bail out the banks that had made bad loans, it could cause the entire system to collapse. Massive loan defaults; bank runs, and a major economic depression would manifest this collapse. Griffin shows how time and time again the taxpayer is bilked so that bankers can make billions in profits off of these financial scares. Griffin also shows how the supposed safeguards against these woes, such as the FSLIC, are scams to reassure the average person that their banks are safe. In actuality, these insurances against bank closures are so inadequate that there isn't enough money to even come close to paying off investors in case of a collapse.

The biggest problem in modern banking, according to Griffin, is and has always been the creation of fiat money. Fiat money is money that is "declared" money by the government. It is not backed by anything but promises and deceit. All societies were sound financially when they used gold or silver to back their currency. When the bankers finally get their way and install fiat money, the result is inflation and boom and bust cycles. Griffin gives numerous examples of this, such as repeated failures by American colonies and European states in using fiat money. The purpose of fiat money is so that the government can spend more then they take in through taxes.

Without writing reams on this book, it is sufficient to say that this is a must read for anyone who is interested in learning how the money system operates. Griffin gives comprehensive accounts of how the Fed creates money, and how this affects everyday life. I would have to say these sections are better than Murray Rothbard's book, The Case Against the Fed, because Griffin gives himself more room for explanation.

Griffin does believe in the conspiratorial view of history, and he believes that the bankers are working in concert with such groups as the Council on Foreign Relations and the Trilateral Commission to bring about a socialist-world system in which an elite composed of intellectuals and bankers will rule over the entire planet. Griffin even spends a chapter outlining how this system could come about, and the consequent results of this socialist system. These chapters are a bit unsettling, but even if you aren't interested in this worldview, you can still learn much about the economy from this book. Recommended