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

We found 58 Reddit comments about The Creature from Jekyll Island: A Second Look at the Federal Reserve. Here are the top ones, ranked by their Reddit score.

Business & Money
Economic Policy & Development
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Check price on Amazon

58 Reddit comments about The Creature from Jekyll Island: A Second Look at the Federal Reserve:

u/UNDERSCORE_WHAT · 843 pointsr/Documentaries

I got about 25 minutes into the video; I'm not wasting more time. If you want to know serious data about the dangers of central planning of the monetary system, there are vastly better sources that talk in real, economics, and not lofty, sensationalist terms.

The International Role of the Dollar: Theory and Prospect by Paul krugman

Basic Economics by Thomas Sowell

The Creature from Jekyll Island by Griffin

Milton Friedman's Free to Choose videos


My main objections in the first 25 minutes of this "documentary" are:

1) They're not correctly defining or using the terms currency or money and not identifying their economic role. Money is not the center of an economy, it is the lubrication that permits economics to happen. Economics is the analysis of how scarce resources that have alternative uses are allocated by people (by markets).

Money doesn't create those allocations, money enables those allocations.

Even in an economic system without money, there would still be allocations of scarce resources that have alternative uses by people; whether that is choosing to use your time to cut down a tree for your neighbor in exchange for beef or choosing to use your time to mow a lawn for your mother in exchange for a smile and a thank you; your time is a scarce resource and you're choosing how to allocate it with zero money being involved.

Money is any medium of exchange and is created as a store of one's labor.

You receive a dollar in exchange for X minutes of your labor. That piece of paper stores those X minutes of your labor and you can use it in exchange for something you value.

So anyway - this video does a shitty job identifying what money is at the outset... I don't think it'll get better.

2) The banking system, monetary policy, and politicians making a killing off of those systems has not been hidden from anyone. As they admit, almost in a very quick juxtaposition with their incorrect statement, the bankers, academics, and politicians are very open about their systems.

The problem is that people are just happy with their lives and are safer than they've ever been throughout history.

3) A complete misunderstanding of what "interest" is and what fractional reserve banking is.

Interest is the cost of lending money... it is the price tag on a product just like on the coat or iPod you buy. The baker isn't going to give you all his bread for free; why should a bank give you money for free?

Fractional reserve banking can be done responsibly. Much like the interest rate, it should be done at the rate set by free markets. A fractional reserve rate of 90% almost completely guarantees that when you withdraw, you will always be able to withdraw all of your money. In exchange, banks will give you vastly lower of an interest rate than at a 10% fractional reserve rate because it is higher risk and lower reward for the bank.

Anyway - like so many other documentaries out there about extremely complex matters, this one is just trying to sell a product like every other good capitalist out there. They need to catch your attention and get you to talk about it to others to make money - so of course they're going to play to the 8th grade education market.

u/FrostyDoggg · 104 pointsr/The_Donald

The Creature at Jekyll Island does a good job at revealing the Fed's shady inception.

It's quite upsetting, to be frank.

Here's a quick review:

>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. 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 --By Jeffrey Leach on July 29, 2001

u/altovecchia · 26 pointsr/Bitcoin

The scam of the federal reserve system is explained most clearly in the book from G Edward Griffin The Creature from Jekyll Island. This is an amazing book: if you don't believe me, look at the rating on amazon with 1400+ reviews.

u/tangman · 21 pointsr/TheRedPill

>how this world is actually running

When you get on THAT level, almost every bit of public information is misdirection or propaganda. Powertalk. Nearly everything you learned about US and world history or economics is to keep you patriotic and complacent. It's all about power and control.

Where might one start, if interested in that red pill? Positivemoney is a start. Austrian economics is another. A couple of books are good. All Wars Are Bankers Wars is compelling.

The list goes on and on, long enough to make you feel like a conspiracy nutjob. Which is why it works so well.

u/d8_thc · 19 pointsr/CryptoCurrency

Whoever hasn't read The Creature from Jekyll Island: A Second Look at the Federal Reserve - I can't recommend it enough.

u/GodsAngell · 19 pointsr/greatawakening

The US went off the Gold Standard with Nixon. Our currency is FIAT Currency, backed by nothing but our promise to pay. Not much when compared to a Gold Backed currency. Usually Fiat Currencies flame out fast, but it didn't this time, and that is because of the deals made with the Middle East that OIL can ONLY be PURCHASED with either U.S. Dollars currency or the British Pound. (Enter the PetroDollar) So you want OIL for your country? Guess, what? You have to exchange your currency into U.S. Dollars. This creates an artificial demand for our flimsy fiat currency, and this demand staved off its CRASH to date. There is always a demand for OIL, so there is always a demand for the U.S. dollar. Consequently the US Dollar has always been a traditional stable safe haven currency. (The last thing anyone wants, is, to have all their paper assets in in a currency that has crashed and is worthless.)

Enter former CIA asset gone rogue Saddam Hussein, threatening to sell his OIL with other currencies. Enter "Shock and Awe" invasion of Iraq......supposedly to find weapons of mass destruction, but they never found any.....oh yes, and 911 which Iraq had nothing to do with. IT WAS CURRENCY THREAT. This was the REAL reason for that invasion. invasion complete and Iraq is back to only accepting U.S. currency for their oil.

Daffy Qaddafi (Lybia) was going to do the same thing.....and he is GONE now! Remember Hellary's joke "we came, we saw ....and he's gone! Ha, Ha."

Message to the world??? You don't mess with the stability of the U.S. Dollar.

Enter China, now introducing the first GOLD Backed Currency. Now what? Will people flood to it and cause the U.S. fiat currency to crash??

Its a high risk move by China, who now has their own Million man army and subs, and satellites, and ships, etc.

The PetroDollar:

The Federal Reserve The Engine of POWER:

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

Youtube: The Creature From Jekyll Island (by G. Edward Griffin)

u/Libertos · 11 pointsr/Bitcoin

I bet most Americans do not know the Federal Reserve is a private banking cartel (Its as "Federal" as Fedex) and your personal income tax was implemented around the same time in 1913... Must be a coincidence right?

This book should be mandatory reading in high school. Take the red pill...

u/thebrightsideoflife · 11 pointsr/occupywallstreet

It was in response to the Aldrich plan which preceded the Federal Reserve Act and failed. It was not the "current situation" at the time the cartoon was made. The cartoon was warning what would happen if the Aldrich plan passed.

The story of how the unpopular plan was essentially enacted as the Federal Reserve that we have today is an interesting story full of clandestine meetings. If you want to read about it here's the book.

u/Vitalogy0107 · 10 pointsr/altright

Only that the left out a few things! Like the ever-important establishment of the Federal Reserve in 1913 through a secret conspiracy you can find out in The creature from Jekyll Island and a ton of other instances of world Jewry collaborating against the world. However, it's a pretty great summation.

u/CelineHagbard · 7 pointsr/conspiracy

>Completely agree, especially about anti-Semitic red herrings.

It's pretty effective because there's a number of different claims that get conflated, sometimes on purpose and sometimes out of ignorance. Some of these claims are:

  1. Jews are overrepresented in high positions in finance, government, and media.
  2. Powerful Jews use their connections with other Jews to expand their power relative to the rest of the populace.
  3. (All) Jews are involved in a conspiracy to gain power at the expense of the rest of the populace.

    (1) is pretty much true by any given metric, but doesn't necessarily mean much. (2) is arguably true as well, but not really surprising per se. Any community of people tends to work with others in their community for mutual benefit. Jews are likely more prone to this by the simple fact that they share a history of oppression from the larger societies they've lived in. Cooperation wasn't a luxury; it was necessary for survival.

    (3) is the problem because arguments for (1) and (2) are often misconstrued as (3). Many people actually do seem to argue for (3) or a slightly less strong form of the position, either out of ignorance, but there's also documented cases of people pretending to hold this position specifically to discredit (1) and (2).
    Check out The Creature of Jekyll Island for a different take on the history of the Federal Reserve, or James Corbett's documentary Century of Enslavement.
u/techstuph · 6 pointsr/AskTrumpSupporters

I wish everyone (supporter or not) would read this. I wish everyone would listen to the No Agenda show. I wish everyone would read The Creature from Jekyll Island.

u/novacham · 6 pointsr/The_Donald
u/BangkokPadang · 5 pointsr/AnythingGoesNews

They were intentionally created with the word "Federal" in them so people would think the government was running them.

EDIT: Anyone who wants to know more should read "The Creature From Jekyll Island" It is an in-depth exploration of the creation of The Federal Reserve, and is eye opening.

u/stairmaster · 5 pointsr/finance

This book explores the histories of the various central banks and monetary policy in the US (yes there were central banks before the Fed, including when their was one in the Confedaracy). The author will sometimes get a little caught up in conspiracy stuff at points, but overall a very fascinating read.

u/maelfyn · 5 pointsr/

If you enjoyed this short movie, and you'd like more detail, I'd recommend checking out this book as well. I read this 608-page book in 2005 and I loved it. This movie is very impressive because it condenses 608 pages of information into a 30-minute movie.

u/carlivar · 5 pointsr/politics

You think Bernanke is concerned with income equality? His monetary policy is designed to keep the "too big to fail" banks as healthy as possible. He is the banks' #1 crony.

I highly, highly suggest you read a couple books:

End the Fed


The Creature from Jekyll Island

The second book is especially interesting. It was the banking elite that wanted the Federal Reserve. Binding money to a commodity like gold restricts any sort of control of monetary policy. That is why Nixon ended Brettan Woods in '71 as well.

u/orionquest2016 · 4 pointsr/conspiracy

Every major war started with a false flag or a lie; this includes the Spanish American War, WW1, WW2, Vietnam, and 9/11. The only concern of the powers at be is to maintain control of the world’s resources and the implementation of the petrodollar to our debt holders. NATO is fighting to fulfill Agenda 21/The 2030 Agenda - the controlling of all land and resources, with a much smaller population. This is a 60-100(ish) year long initiative to create a world that is not "for the people".

This guy gives a quick summary of things - I don't necessary think he's completely legit, but research the things he talks about and the people behind them, and the history of the events. /

Most people here didn't see a YouTube video or not take their bipolar medicine, they saw some shit; or experienced something, and began to dig into it; the more they dug, the more their view of reality changed. The thing that kept them from feeling crazy, is they found a place like this with people that were drawing the same conclusions.

A few books...

Behold a Pale Horse

Dope, Inc

[The Creature from Jekyll Island](

u/emazur · 4 pointsr/Libertarian

The Law by Frederic Bastiat (awesome, short, soooo many quotable quotes)

Healing Our World by Dr. Mary Ruwart (old version available free)

Haven't read any of his books (have listened to many lectures and radio show), but something by Harry Browne should do quite nicely. I've heard great things about Why Government Doesn't Work

Myths, Lies, and Downright Stupidity - John Stossel (do check out his excellent Fox Business show "Stossel" on, and look for his old 20/20 specials on libertarianism - they're fantastic)

good economists: Peter Schiff, Walter Williams, Thomas Sowell, Walter Block

You might be better off waiting til you get more comfortable with libertarianism, but G. Edward Griffin's Creature From Jekyll Island is a must read. It's more about the monetary system and the Federal Reserve than libertarianism in general though.

I haven't read anything that makes a good argument against libertarianism, but can recommend a guy who makes a seemingly good argument against capitalism and for socialism - Michael Parenti. I haven't read any of his pro-socialist books (but have one on foreign policy called The Terrorist Trap which is quite good and very short. Libertarians and socialists tend to agree on not inviting war and not waging war). But I have listened to his pro-socialist lectures - they're well delivered and impassioned and a person who didn't know any better would easily be tempted. They're worth listening to to use his arguments and twist them to actually make the case FOR libertarianism. He'll use some faulty facts/data that leftists typically do such as "Hoover was an ardent free-market advocate and we can blame him and capitalism for causing the Great Depression" (we can blame him for the depression all right (prolonging it, to be specific), not b/c he was a capitalist but b/c he really started all the policies that FDR continued when he got into office)

u/BasedKeyboardWarrior · 3 pointsr/conspiracy

The creature from Jekyll Island

Just finished this. Also would recommend John Perkins, Confessions of an Economic Hit man if you want something easier to read. Not sure if he is telling the truth about his life but its an easy way to get into the paradigm to understand more complex books.

Also the documentary Money Masters by Bill Still.

u/scotty321 · 3 pointsr/btc

Happy New Year to everyone at r/btc! May we finally slay the Creature from Blockstream Island in 2016! :)

u/th1nkpatriot · 3 pointsr/btc

Just like HSBC. That's how these banks roll. Hypocrisy to the Nth degree.

Anybody that knows anything about how the current monetary system was put into place knows it's the de facto standard of fraud.

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

The bankers just don't like what's happening and Jamie and Co. are realizing that they will become, in this analogy, the Blockbuster of banks to cryptocurrencies' Netflix.

u/kazakoman · 3 pointsr/Libertarian

I don't even know what this question means. Its clear you don't have enough understanding of all of the relevant content required to debate these topics.

2008 unprecedented central bank action drove the time value of money (interest rates) down to all time lows.

This is allowing us to spend wantonly and basically have no consequence from it since the debt is nearly free.

If the US has to issue more debt, all else equal, they have to pay more in interest rates.

Once the amount of interest takes over an outsized part of the debt (See Detroit, Chicago, etc), investors stop buying it and it starts a death spiral as they cannot pay the already issued debt coming true. The problem with sovereign debt is we can just print more, which makes each outstanding dollar worth less.

Whether or not being the "reserve currency" does much for the US is a topic of debate as well. However, as a libertarian, you should hate the central banks most of all for allowing this mess to go on. A great book on the topic, if a little over the top:

u/Crazybluecat · 3 pointsr/CBTS_Stream
u/[deleted] · 2 pointsr/WhitePeopleTwitter

Nope, there's not. The money you have in your wallet is someone else's IOU. If all debts were paid back currency would cease to exist.

It's a complicated concept, but basically the banks are allowed to create money any time they issue a loan. The idea is summed up well by Robert Hemphill, a former credit manager of the Federal Reserve.

>If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is.3

You can read more about this in The Creature from Jekyll Island by Edward Griffin

u/xicougar106 · 2 pointsr/Silverbugs

I feel you. Though, I feel a reasonable counterpoint might be "how sturdy did you expect 1/1000 of an ounce of an extremely malleable metal to be?" FWIW, I can definitely commiserate. When I get a full set I'll update you on what I think.

Edit: I am also planning on getting several 1/1000 notes to use as bookmarks in the copies of The Creature From Jekyll Island That I give out to people I'm trying to save.

Edit, the second: Worth mentioning, however, as that last statement might give you the wrong impression, I am actually an advocate for the silver standard, not the gold standard, but could be convinced to embrace bimetallism at the right ratio, namely 16:1.

u/127fascination · 2 pointsr/Bitcoin

I think the key to understanding Bitcoin is knowing what is wrong with the current monetary system. This book will show you.

u/KingofKens · 2 pointsr/Mimblewimble

> paper

u/tromp u/johnalan u/buqratis u/Hauch u/geezas u/PrivacyToTheTop777 u/DeviateFish u/JollyMort

Happy thanksgiving for all. Finally I got some time, so I am replying it.
I am listing the books that I think it is very useful for people who are designing new monies! The topics are like the history of money & theories, problems of the current fiat money system, the fractional banking system, plans after next financial crisis which the global elites are planning etc.

The most of books are from Austria school of economics, which is in my opinion only anti government and grassroots economic study in the current age. They support sound money policy.

Economics are very politically manipulated (or government manipulates) subjects especially, Macro economics- monetary policies are under the category. Government naturally love loose monetary policy because that give them free money to spend. They used to dilute gold coin with other cheaper metals to get some extra money you know. Nowadays they creates money from thin air through the fiat/ central bank system.

Macro economics are used to be called, Political economics. So please be aware. If we are challenging the status quo of government monetary system, to me it is very clear that which policy we should take.

Please people who think inflationary currency is good idea list some books or papers to back up your claim. Both side read them all and discuss one more time?

What Has Government Done to Our Money? by Murray N. Rothbard
Good short book about theory and history of money.

End the FED by Ron Paul

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

The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis by James Rickards

little more balanced book, talking about the global elites plan about after the next financial crisis.

u/RAndrewOhge · 1 pointr/Banksters

Switzerland Follows Iceland In Declaring War Against The Banksters

Above Photo: From

“If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” –Josiah Stamp.

Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit.

Their effective revolt against the banking class, who drove the tiny nation into economic crisis in 2008, is the brightest example yet that the world does not have to be indebted in perpetuity to an austere and criminal wealthy elite.


In 2015, 26 Icelandic bankers were sentenced to prison and the government ordered a bank sale to benefit the citizenry.


Inspired by Iceland’s progress, activists in Switzerland are now making an important stand against the banking cartels and have successfully petitioned to bring an initiative to public referendum that would attack the private banks where it matters most: their power to lend money they don’t actually have, and to create money out of thin air.

“Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.

The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.

The campaign – led by the Swiss Sovereign Money movement and known as the Vollgeld initiative – is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits.” [The Telegraph]

Switzerland is in a key position to play a revolutionary role in changing how global banking functions.

In addition to being the world’s safest harbor for storing wealth, it is also home to the Bank for International Settlements (BIS), a shadowy private company owned by many of the world’s central banks, and acting as a lender to the central banks. []

The BIS is the very heart of global reserve banking, the policy that enables banks to lend money that does not actually exist in their bank deposits, but is instead literally created electronically from nothing whenever a bank extends a line of credit.


Reserve banking is the policy that guarantees insurmountable debt as the outcome of all financial transactions.

The Sovereign Money initiative in Switzerland aims to curb financial speculation, which is the intended and inevitable result of reserve banking, the tool that makes financial adventurism possible by supplying the banks with endless quantities of fiat money.


Limiting a bank’s ability to produce money from nothing would be a direct blow to the roots of the banking cartel, and would cripple their ability to manipulate the world economy.

Here’s how it works, in rather simplified terms:

“…if we had access to the same computer terminals the banks have, we could magic in or out of existence all the imaginary stuff we are trained to think of as important – money – in whatever quantities we liked.

This is how it works: when they print quite a lot of this stuff there is a boom. When they print too much of it, there is inflation (actually, the printing of money is inflation). When they stop printing it or simply hold on to it, there is a depression.” []

In Switzerland, 90% of all money in circulation is electronic, and for this, The National Bank of Switzerland has become the direct target of the Sovereign Money Campaign.

Swiss law has in the past required required banks to back all currency creation with collateral assets like physical silver or gold, however in recent decades the climate has changed, and, “due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money.”

The grass roots campaign said in a public statement regarding the intentions of the referendum, “banks won’t be able to create money for themselves any more, they’ll only be able to lend money that they have from savers or other banks.”

This is an interesting twist in the human saga of man vs. banks, and while it remains to be seen if the referendum passes or not, it must be pointed out that it does have its own problems, articulated by Sam Gerrans:


“… it does say that the central bank should be given sole right to create money.

This would essentially leave the creation of money in the same hands as those who control the Federal Reserve or the Bank of England rather than allow them to farm out the process.

But at least it shows that people are beginning to wake up to where the true power lies.

In the unlikely event that this grass-roots movement in Switzerland should get its way and its proposed legislation be enacted, and then begin to morph into something which really does threaten the banking elite, we must not be surprised if Switzerland is shortly discovered to be harboring weapons of mass destruction, or to have masterminded 9/11, or to be financing Islamic State.”

Part of the cultural conditioning of our time is an ingrained, pre-assumed dependency on sacred cow institutions like banking.

Just like it is impossible for most Americans to envision a world without Democrats and Republicans, it is difficult for most people to imagine a world without predatory global banking.

Yet, there are a number of other possibilities for trading, storing wealth, and facilitating development in the world.


This is not the only economic system we can imagine, and as Iceland has proven, people can regain control of their collective wealth, so perhaps this revolution will foment further in Switzerland, presenting a chance to at least bring greater awareness to the truth about central banking.

u/fiatisan · 1 pointr/Documentaries

Congratulations on the studies. Here is another book for your consideration:

u/LogicField · 1 pointr/Banking

Another view on Central Banking

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

u/drunkenshrew · 1 pointr/conspiracy

I agree, that it sounds more like covet, but the word covert makes much more sense in the context of the rest of this speech.

> It requires a change in outlook, a change in tactics, a change in missions--by the government, by the people, by every businessman or labor leader, and by every newspaper. For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

Like the speech "The President and the Press", Executive Order 11110 is usually distorted and important information is missing. Add to this the fact, that one member of the Warren Commission was John J. McCloy, who had also served as the head of the world bank and you get the impression that powerful bankers were the masterminds behind JFK's assassination. Jim Marrs and his prominent book Crossfire is partly to blame. Jim Marrs's interpretation of Executive Order 11110 has been picked up by many other conspiracy researchers and documentaries like Zeitgeist.

Here are two sources which expose the mythical nature of his interpretation. Both sources cannot be qualified as banker-friendly. G. Edward Griffin wrote the classic The Creature from Jekyll Island: A Second Look at the Federal Reserve. He wrote about this misinterpretation here - THE JFK MYTH
Was he assassinated because he opposed the Fed?

Michael Collins Piper wrote an article called Hard Facts Refute
`JFK Greenback' Myth
for American Free Press.

u/fluidkarma · 1 pointr/politics

In 1913, The Creature from Jekyll Island destroyed our Constitution...

u/stinger07 · 1 pointr/CryptoCurrency

If the Fed is publicly owned and/or controlled why does the U.S. government have to issue treasury bonds to the Fed when it needs money? Why doesn't the Treasury just get the money free? It's because the government is purchasing the product called the Federal Reserve note from the Federal Reserve corporation which gives the Treasury the privilege to issue it as the nation's currency. Taxes do not fund the Federal Reserve. Its income funds it which comes from government bonds of which they earn interest on.

>Federal Reserve System income is derived primarily from interest earned on U.S. government securities that the Federal Reserve has acquired through open market operations. This income amounted to $28.959 billion in 2005. Additionally, income from fees for the provision of priced services to depository institutions totaled $901 million. The remaining income of $386 million includes earnings on foreign currencies, earnings from loans, and other income.

The reason the income tax was introduced in the Federal Reserve Act was so the government would have enough revenue to pay the interest to the Fed! It wasn't to fund the government which was doing just fine at the time.

Furthermore, when it comes to monetary policy the Fed does not have to listen to anyone in the government. They are not government employees. Government officials can only try and persuade them to modify the money supply or change interest rates, as Trump does frequently, but they are under no legal obligation to enact such changes. The Federal Reserve and its member banks are setup as consolidated LLCs. Shares in the Fed corp are owned by private banks and individuals, many of which are foreign nationals.

The article I posted was well-researched with sources collected throughout the 20th century. People dismiss it as "conspiracy nonsense" without further research because the premise is too uncomfortable to ever accept to begin with. You're damn right it's a conspiracy. Human history proves wherever there is power to be gained or maintained there is a conspiracy to do so. You think the most powerful instrument in the world, money, is exempt? Nonsense. At this point it should be expected.

Iran and Syria have central banks that are sovereign, completely under the ownership and authority of their governments. They are not owned by shares of the Rothschild network of banking institutions. That is what is meant by them not having central banks. Iraq did not have one until after the 2003 invasion. It's also why Syria, Iran, Afghanistan, Iraq, Sudan, Libya and North Korea were or are on the globalist bankers' hit list.

Sorry, we were all scammed by international bankers to enslave us with debt and rule the world. They have the money, they can buy the influence required (politicians, media, industry, science and academia) to push nations towards globalism which is exactly what has occurred. The more people that come to terms with it the greater chance there is to change course. Crypto offers the vehicle but people need to be motivated to use it. If the public actually realized how they've been sold out there would be a revolt into crypto. But most are too busy working two jobs as debt slaves to realize how the power structure works. Just follow the money.

The Money Masters

Creatures from Jekyll Island

u/justcs · 1 pointr/booksuggestions

Rule by Secrecy by Jim Marrs is a good starting point. It's not really about hidden cabals, but instead elucidates the existence and workings on known secretive groups. For example the CFR, Trilaterals, and Bilderbergers are quite real and any intellectual discussing forgein policy, such as Chomsky, will bring them up. They are the shot callers including Queens, US presidents, and the stupid crazy rich. Marrs can be a little out there as far as aliens and stuff, but this book is mostly a research about these organizations that call the shots. Everything is indexed and footnoted, as Marrs is an investigative journalist by education and career.

Next I would recommend The Creature from Jekyll Island. The federal reserve is the most important institution involved in our economy and every American should know about it, love it or hate it.

Thats all I can think of off the top of my head. My books are packed for a move but I'm sure you'll get some good comments.

u/troykaPower · 1 pointr/hiphopheads

The Creature from Jekyll Island is my favorite political book ever. Would recommend anyone to read.

u/d3rr · 1 pointr/conspiracy
u/MorningLtMtn · 1 pointr/politics

Man, I don't have time or interest to give you an education on the Federal Reserve. I doubt you're actually all that interested. If you are, you can read up on it yourself:

There is too much to know, and Reddit isn't a good format for learning it all.

u/Nwallins · 1 pointr/Economics

> Where is free banking and how was it implemented?

Free banking is simply treating the enterprise of banking like other free enterprises. Private banknotes drawn on reliable, credible banks can circulate freely, with transparent clearinghouse activity. Fractional reserve may be practiced, or not, so long as there is transparency and competition. George Selgin is probably the most well-known, modern proponent. It has been practiced successfully in England and Scotland in the 19th century. The temptation to legislate bank privilege tends to confound free banking.

> I don't understand what banking cartels were present during the instituting of the federal reserve system. Care to tell me

Mostly the House of J.P. Morgan, but there are British connections. The Federal Reserve Act succeeded where a previous, similar, and competing Aldrich Plan failed.

Rothbard has written some very dry but very thorough compendiums of activity by the major players. He certainly has other polemics against the Fed, but I would not recommend them to you. I have not read The Creature from Jekyll Island, but it is on my list.

I have read Secrets of the Federal Reserve, and I would certainly recommend it. It is more thorough than I cared for, and while it certainly indulges in speculation at times -- a necessary evil when journaling closed-door events -- such occurrences are not misleading. I cannot attest to the veracity of the facts presented, but they are quite specific and thorough and presumably verifiable.

u/mcgrawwv · 1 pointr/investing

The Creature from Jeykl Island will tell you all about the history on how the current iteration of the Fed was created and sneaked past the public.

Once you understand why the Fed was created, you will be screaming for it to be ended... Everyone assumes the Fed is part of the government, it is not, it is a private institute.

u/theshalomput · 0 pointsr/politics

And which Austrian books have you read? Because if you haven't read either:

-The Theory of Money and Credit (Mises)
-Human Action (Mises) or
-Man, Economy & State (Rothbard),

then you haven't read any of them and don't know anything about Austrian economics. Here's a book for you that will explain why trash economics is taught at all the major universities and why Goldman Sachs makes a profit every trading day of every quarter. Here's a clue as to why banks are doing well: borrow at zero % in the fed funds market and deposit the money with the fed which pays 0.75% and earn a free lunch

u/RizzMasterZero · 0 pointsr/politics

I'd suggest you read [The Creature from Jekyll Island]
( It'll explain the interminglings of Wall Street and the Federal Reserve. That, coupled with deregulation, inevitably lead to the crash. It's not the first time it's happened, and likely won't be the last. This one just so happened to be exasperated by the repeal of Glass-Stegall.

u/polyscimajor · 0 pointsr/JoeRogan

I highly recommend the creature from jekyll island, very interesting topic and it reads well enough that it flows as a novel.

u/TheSliceman · 0 pointsr/Bitcoin

The Creature from Jekyll Island

This book is THE history book on the Federal Reserve. Read it and prepare to get your mind blown.

To put it simply: conspiracies do exist.

u/SuperMarioKartWinner · 0 pointsr/askaconservative

I’ll give you my favorite: The Creature from Jekyll Island: A Second Look at the Federal Reserve

It’s a must read in my opinion. Long, but well worth it. Don’t waste your time with other books on the subject like “End the Fed” by Ron Paul. This book blows it out and is very comprehensive. It’s read like a story also, which makes it easy to read.

Also, take your pick from Mark Levin. I’d recommend picking any single one of his books that interest you.

u/yeahnokidding · 0 pointsr/politics

You're living in a goddamn fantasy land if you think the Fed was ever supposed to be independent.

That's how it's marketed, but when you learn about how it was formed and how it's run, the veil drops.

u/Crzy_Victoriouz · -1 pointsr/DeepFriedMemes

Your a damn fool. Believe what you want to believe.


I bet this is your source. Right. Like these people owe your simpleton pothead ass an explanation? lol


Read this book you jack ass!

Wake up! your in dream land.

u/AmericanEyes · -1 pointsr/RealEstate

Actually there is a brilliant book that everyone should read, which you might have heard of:

The creature from Jekyll Island

You will find that this is in fact not the first time the bailouts have happened. The author has done some wonderful research to show how this cycle has played out ad nauseam. In fact it is in chapter 2 itself. I encourage you to read it.

The origins as well as the mission of the Fed is anything but altruistic. I'm going to sound like a crazy right-winger for a moment, but the system really is geared towards enriching a small segment of elite while tying the rest in debt servitude for life.

That's what housing bubbles like the current one do. They force you and me to auction our future wages against each other in a giant competition, so that we can sign our lives into debt-servitude. (Don't get me wrong, debt can be good if used productively, but not like this). Rising house prices benefit only the banks, who can collect massive interest over 30 years. Again I'm hesitant to quote RT, but literally like it says, Read it and weep.

The banks meanwhile can use fractional reserve banking to create money, and lend it to you and profit. If they make risky loans, they get paid more interest. If the loans default... why hello Uncle Sam, where's our bailout? It is a zero-risk way to make tons of money, and it is bullshit.

Let's see what happens with all these treasuries now. I'm amazed that we have all concluded that QE was such a grand success, when QT hasn't even been done yet. The Fed is looking to stop their purchase of treasuries in the coming months, and let the current ones roll off the balance sheets. China is looking to slow down or stop treasury purchases. The Government on the other hand gave out massive tax cuts, and is looking to finance a $1 trillion dollar deficit by issuing more treasuries! The NK war, which will happen soon, will also be financed with debt. Jesus. This is not going to end well.

u/auser123455 · -2 pointsr/Bitcoin

Great book corrected info and a link

Also a doc readily available on YouTube Zeitgeist has a great part on the Fed System
G. Edward Griffin
The Creature from Jekyll Island: A Second Look at the Federal Reserve