-Caveat Lector-
*** .... far and wide. ***
The incredible Rothchilds conquered the world more thoroughly, more
cunningly,
and more lastingly than all the Caesars before or all the Hitlers after
them."
--- The Rothchilds by Frederic Morton ( J )
-------------------------------------------------
NOTE: This is an extremely important Post
and must be read by all in calmness with your
attention focused on the primary purpose of
the banking cartel, which is, and I quote,
"... to shift the inevitable losses from
the owners of the larger banks to the taxpayers."
http://www.jbs.org/aobs/
Upper right-hand corner under
CURRENT TOP SELLERS
Stop wasting your fiat-paper on the trinkets
of the slaveowners; use it to enhance
your personal freedom.
Related sites:
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE
THE POWER TO
COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF.
IN 1935 THE SUPREME COURT RULED THAT CONGRESS CANNOT CONSTITUTIONALLY
DELEGATE ITS
POWER TO ANOTHER GROUP. (Reference 22, P. 168)
http://www.jbs.org/aobs/
NEW WORLD ORDER TO ELIMINATE THE FREE MARKET
http://thewinds.org/
THE FEDERAL RESERVE SYSTEM:
A FATAL PARASITE ON THE AMERICAN BODY POLITIC
by Dr. Edwin Vieira, Jr.
http://fly.hiwaay.net/~becraft/VieiraMono4.htm
Bard
PS: Young people! Get educated!
Don't let the media Slavemasters tell you
how to vote! Their candidate will
only tighten the schackles and force
you to work even harder than you are now
to enable them to enjoy the fruits of your toil.
----------------------------------------------
THE CREATURE FROM JEKYLL ISLAND -
A SECOND LOOK AT FEDERAL RESERVE
The Most Important Book after The Holy Bible (Lord Hamilton)
"A superb analysis deserving serious attention by all Americans. Be
prepared for one heck of a journey through time and mind."
Ron Paul
Publisher/Editor, Ron Paul Report,
Former member U.S. Congress,
House Banking Committee
"What every American needs to know about central-bank power. A gripping
adventure into the secret world of the international banking cartel."
Mark Thornton
Asst. Professor of Economics,
Auburn University,
Coordinator Academic Affairs,
Ludwig von Mises Institute
"A magnificent accomplishment-a train-load of heavy history, organized
so well and written in such a relaxed and easy style that it captivated
me. I
hated to put it down"
Dan Smoot
Publisher/Editor, Dan Smoot Report
THE CREATURE FROM JEKYLL ISLAND -
A SECOND LOOK AT FEDERAL RESERVE
by G. Edward Griffin
The most important book after The Bible. A complete report on the
secrets of the international monetary system. 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, boombust
cycles, inflation, depression, prosperity. Your world view will
definitely change. You'll nevel trust a politician again--or a banker.
You don't have to be
dumb to be a Christian or a good Catholic. Softbound and hardbound
editions, historical photos,
624 pages. Softbound, $19.95 , Hardbound, $29.95
LETTERS OF THE REPUBLIC
KILLING THE BANKING BEAST
The Creature from Jekyll Island, by G. Edward Griffin, Westlake Village,
CA: American Media, 1994, 608 pages, paperback $19.95, hardcover
$29.95.
Has it ever occurred to you that the federal government has no need of
taxes for revenue? Are you aware that banks prefer lending to
governments
because governments seldom repay loans? Do you realize that if all
debts, both public and private, were paid, there would be no money at
all in
circulation?
These are only a few of the startling facts that fill the pages of this
illuminating expose of the Insider scam called the Federal Reserve
System (Fed).
Although author G. Edward Griffin admits to having wondered if another
book on the Federal Reserve is necessary (his six pages of bibliography
suggest that the subject may have previously attracted attention), it is
unlikely that any book has ranged across 2,000 years of money and
banking
from Diocletian to the Rothschilds to Alan Greenspan -- and tied it into
the new world order -- as thoroughly as The Creature From Jekyll Island.
Griffin cuts through the obscurities about the Fed that are
intentionally meant to mystify and disarm its victims (all of us).
Convinced that the subject
of money and banking is too arcane and complicated to understand, we
victims are trapped in a world view that utterly fails to jibe with
reality. The
money manipulators, says Griffin, are exploiting our ignorance for the
advancement of their own appalling plans; the urgency of awakening us to
our
danger has driven Griffin to write this extraordinary book.
Although Griffin has never held an academic position, he is a top-notch
teacher. Making this little-understood subject simple by splendid
organization,
his account is divided into six sections with varying numbers of
chapters; each section and chapter is introduced by a concise paragraph
while each
chapter is also summarized. Thus the reader is kept in touch with where
he has been and where he is going, an ingenious and helpful device
considering the enormous scope of Griffin's narrative.
His explanations and definitions are meticulously worded; one can sense
the care with which each word was chosen, leaving no room for
confusion.Griffin continually draws documentation from primary sources,
quoting letters, speeches, and published works that both enlighten and
horrify. His own writing is difficult to quote; it is so trenchant that
nearly every sentence entices.
Yet at the same time Griffin has mastered the art of speaking personally
to the reader, who never loses the feeling of being directly addressed.
All
this adds up to a superbly clear, engrossing book that, once started, is
impossible to put down.
Setting the Stage
In order to help us fully understand our present predicament, Mr.
Griffin ranges far afield in explaining the historical, economic, and
political
antecedents of today's money system. We are given a crash course on the
nature of money; the origin of banks and the concept of fractiorial
reserves; how this led to the seductive idea of using the same money
over and over; how this inevitably led to economic disaster wherever and
whenever tried. We are instructed about the Rothschild formula, which
perfected the art of making enormous profits from loans to governments,
especially for wars; how this led to preventing any one nation from
becoming strong enough to establish peace (the famous balance of power);
how
those who could instigate wars or revolutions were financed (including
the Bolsheviks in 1917); how we Americans were sucked into World War I
in
order to save J.P. Morgan's loans to England; how environmentalism is
now the weapon of choice replacing war.
We are taken to the supe-secret meeting of Insider financiers and
Rothschild agent Paul Warburg on Jekyll Island in 1910 where the basic
plan for
what became the Federal Reserve Act was formulated; we learn that these
plotters were already affiliated with the conspiratorial British
one-world
Round Table group which preceded the Council on Foreign Relations (our
secret government); we are astounded by the brazen deception of Congress
that pushed through this unconstitutional act creating the Insiders'
fundamental tool -- a central bank with the ability to inflate. We are
told how this
same tool has been expanded internationally through the International
Monetary Fund (IMF) and World Bank in order to create worldwide
inflation,
pay enormous sums of perpetual interest on never paid-up loans to
Insider banks, and socialize the Third World, all courtesy of us
unsuspecting
taxpayers. Lastly, Griffin foretells our dismaying fate if our course is
not altered; then he lays out a step-by-step procedure of how to alter
it, inviting
us to join with him in doing so.
Griffin looks the Fed "creature" straight in the eye and tells us it is
not federal, it has no reserves, and it is not a bank. It is, in fact, a
pernicious
cartel operating against the public interest.
The widespread belief that the Federal Reserve exists to "stabilize the
economy" is hogwash; the real reason -for its existence is the making of
money -- not out of "thin air" as is commonly supposed, but, more
accurately, out of debt Griffin explains that it is the act of borrowing
by the federal
government that causes money to spring into existence.
Griffin takes us through the Open Market steps by which Treasury IOUs
(bonds) are inverted by the Federal Reserve into money through the
issuance of Federal Reserve checks with no money in existence to cover
them; anyone else doing this would go to jail.
Congress has made this legal for the Fed, however, because this hidden
process allows our congressmen to enjoy unlimited revenue without having
to
visibly raise taxes. Without this service, says Griffin, the
monetary/political ·partnership would dissolve, and Congress would
abolish the Fed.
Money Multiplied
Griffin explains that these Federal Reserve checks are endorsed by the
government, deposited in a Federal Reserve bank, and used to pay
government expenses by checks which create the first wave of fiat
(unbacked paper) money that floods into. the economy.
Recipients deposit these checks into commercial banks that are part of
the Fed system. Here is where the real inflationary action is. (The
Federal
Reserve holds "only" seven percent of the national debt of almost $5
trillion. The 12 percent held by foreigners and the 56 percent held by
Americans are not inflationary because the money used for purchase
already existed.)
Commercial banks, like the Federal Reserve, also create money out of
nothing -- and collect interest on it -- by multiplying every dollar
deposited
nine times. This amazing feat is accomplished through the device of
fractional reserves, whereby the Fed allows 90 percent of deposits to be
loaned
out. As deposits become loans and loans become deposits, this process
repeats with smaller numbers each time around. For instance, $1 million
in
government money (first wave) gives birth to $900,000 (second wave),
which gives birth to $810,000 (third wave), etc., until the process
plays itself
out. Thus, the banking cartel creates an amount of money that is nine
times the amount of the original government debt that made the process
possible.
Griffin shows that when the original debt is added in, the Federal
Reserve and the commercial banks together have created approximately ten
times
the amount of the underlying government debt. Since this newly created
money causes the purchasing power of all money to decline, the resulting
rise
in prices is, in reality, a hidden tax. As Griffin puts it:
Without realizing it, Americans have paid over the years, in addition to
their federal income taxes and excise taxes, a completely hidden tax
equal to
approximately ten times the national debt!
Griffin is atonished at the public's indiference to this fleecing; he
blames it on ignorance based on disinformation.
Nothing could prove him more right than the current deception that
inflation is higher prices caused by full employment-and a strong
economy;
therefore, letting the "steam" out of the economy and slowing growth
(and thereby employment) is "good." This talk is madness. Alan
Greenspan,
chairman of the Federal Reserve (who has the temerity to say he is
"worried about inflation"), is repeating this claptrap as he pretends to
control
inflation by increasing interest rates that merely devastated the bond
market, clobbered the stock market, and helped only the bankers. Thus
the
Insiders are perfectly protected and the scam rolls on.
There are many more threads to Griffin's discourse on the operations of
the banking cartel that should not be missed, such as:
How holders of Treasury bonds can be paid off only by the creation of an
identical bond out of nothing.
Why the U.S. has to be, must be, in debt.
How the Discount Window (Fed loans to banks) creates more phony money.
How the federal government could operate without levying any taxes
whatsoever.
How the Fed causes booms and busts.
How, since 1913, our money has depreciated by over 1,000 percent.
How a gold standard automatically stabilizes prices.
How the Fed can now monetize the debts of foreign governments!
Without the extensive knowledge offered by Griffin, no American can
fully understand the financial reality of our time.
Undestanding the Game
Also critical to our reality check is an understanding of how the Fed
protects and enriches the banking brotherhood in the international
arena. The
game our Insiders are playing makes the Rothschilds look like novices.
Here it is in a nutshell: The game starts with a mammoth loan (created
out of
nothing through the magic of fractional reserves) from one of our
megabanks (Citicorp, Chase Manhattan, Bank of America, etc.) to a Third
World
country with scant means of servicing the debt much less ever repaying
the principle.
Are these top bankers stupid? Hardly; Griffin explains that this is the
kind of loan these bankers love, since they make their money from
interest on
the loan, not on repayment of the loan. They prefer the loan never to be
repaid. They know they can't lose because the Federal Reserve guarantees
that massive loans that go into default will not be allowed to seriously
affect the issuing bank (too big to fail) because this would "disrupt
the entire
economy."
So, says Griffin, "since the System makes it profitable for banks to
make large, unsound loans, that is the kind of loans banks will make.
Furthermore, it is predictable that most unsound loans will go into
default." Sure enough; pretty soon default threatens. The bank creates
additional
money out of nothing and lends that so its interest stream continues on
both the original loan plus the new loan (the "roll-over" play). At the
next
crisis, the bank creates still more money out of nothing to cover the
interest on both loans plus an additional amount for the borrower to
spend freely
(the "up-the-ante" play). Finally the bank agrees to a lower interest
rate and a longer period for repayment (the "rescheduling" play).
Eventually it is
time for the "Final Maneuver." Congress agrees to guarantee future
payments and the wbole mess is shifted to the backs of U.S. taxpayers
while the
borrower is trapped into an IMF "austerity" program that makes an "end
run" around his sovereignty.
Now money moves through various foreign-aid channels to the deadbeat
borrower, who continues to pay perpetual interest to the bank. Almost
all of
this money is generated by the Federal Reserve; as it moves out into the
economy it dilutes the value of the money already there. The American
people, says Griffin, have no idea they are footing the bill to enrich
the Insider bankers.
Founders' Fears Realized
Readers may be surprised to learn that the Federal Reserve is the fourth
central bank the United States has had, the previous three having
crashed
in inevitable raging inflation and widespread economic disaster. So
clearly did our Founders understand and fear worthless paper money
forced on the
public by legal tender laws (precisely what we now have) that they
filled the proceedings of the Constitutional Convention with statements
of their
horror of it. We Americans today, deprived of hearing such truth, need
to listen to their words:
George Mason of Virginia: "I have a mortal hatred of paper money."
John Langdon of New Hampshire:"I would rather reject the whole
[Constitution] than grant the new government the right to issue fiat
money."
George Reed of Delaware: "The right to issue fiat money would be as
alarming as the mark of the beast in Revelation."
Thomas Paine: "The punishment of a member of Congress who should move
for such a law ought to be death."
Griffin does not stop with presenting the known picture, but projects
today's reality into the future. His first projection is a doomsday
scenario; his
second is a realistic plan for saving our country and ourselves. These
chapters might, after all, be the most important ones in the book.
Griffin sees doomsday as an engineered financial debacle the severity of
which will cause panicked Americans to welcome a World Bank "rescue"
with a world currency. The IMF/World Bank is already functioning -- in
conjunction with the Federal Reserve -- as a world central bank. A world
currency is already designed. awaiting a crisis to justify its
introduction. From this point on, writes Griffin, there will be no
escape from the new world
order. At present the U.S. is being deliberately weakened by seemingly
insane spending both at home and abroad: As just one more dismaying
example, during President Clinton's recent trip to Europe he blithely
promised more billions of dollars to Poland, Ukraine, and the Baltic
countries.
The name of the game is to spend -- on anything, anywhere. The object is
to bring down the system.
Life in the New World Order
What will life be like in the Insiders' new world order? Griffin spells
it out from the words of the Insiders themselves. One source is the 1966
secret
Hudson Institute study commissioned by Defense Secretary Robert
McNamara, entitled Report from Iron Mountain.
This study cold-bloodedly discusses various means by which government
might control the populace and perpetuate intself in power in the
absence of
war (UN peace).
Griffin's review (with extensive quotes) of this truly diabolical
Insider study is masterful; he takes it apart and shows us its
consummate evil. The
study's premise is that historically the only means by which a
government has ever been able to "secure the subordination of citizens
to the state" is
war. Only war has been able to provide the external threat without which
no government can accumulate power. War is used to make the masses put
up with all kinds of privation, taxation, and controls without
complaint. No amount of sacrifice in the name of victory is rejected.
Resistance is viewed
as treason.
But, says Griffin, Report From Iron Mountain explains that the war
system may have to be replaced because "it may now be possible to create
a
world government in which all nations will be disarmed and disciplined
by a world army, a condition which we will call peace." In this case,
what could
be a substitute for war?
Here, explains Griffin, is the origin of the stratagem to promote
ecological doom as the new enemy that threatens the entire world. The
threat need
not be real, provided the masses can be convinced it is real.
Credibility is the key, not reality. Griffin writes that Report From
Iron Mountain explains
the avalanche of phony scientific claims ·are uncritically publicized by
the Insider-controlled media, as well as the funding of environmental
"crazies"
by corporations and businesses that would appear to have the most to
lose. He sees the plan as being brilliantly successful.
The barrage of propaganda has had a phenomenal result. Politicians are
now being elected on nothing but "concern for the environment and a
promise to clamp down on nasty industries," with no one caring about the
damage done to the economy or our freedoms. Just as no sacrifice is too
great in time of war, what happens to the economy or our freedom is of
no consequence "when the very planet on which we live is sick and
dying."
Griffin introduces us to multi-millionaire Maurice Strong, the powerful
UN environmental czar, who gives us the whole line: The U.S. is
committing
environmental aggression against the rest of the world. Current
lifestyles of the affluent middle class -- high meat intake, frozen and
convenience
foods, electric household appliances, cars, air conditioning, suburban
housing -- all this has to go. The world's ecosystems can be preserved
only by
lowering our standard of living by rationing, taxation, and political
domination by world government.
Reading this section will forever change the way in which you view
government. Yet, says Griffin, this perverted, power-mad Insider fix
need not
prevail. None of these dreadful things needs to happen. He outlines a
procedure by which the Federal Reserve can be abolished, the national
debt
paid, and the country returned to a sound monetary system based on
silver and gold.
All that is needed are the efforts of concerned and caring Americans.
Griffin invites us to join him in freeing ourselves from the one-world
conspirators.
It can be done.
- JANE H. INGRAHAM
(The New American / September 5, 1994)
624 pages. Softbound, $19.95 , Hardbound, $29.95 Ordering Information
http://www.marianland.com/jekyll.html
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