Monday, December 29, 2008

The Creature from Jekyll Island - an interview with G. Edward Griffin (

Quotes and comments;

1. If there are any Christian professors out there who are interested in learning about the Federal Reserve (i.e. the central bank of the U.S.) these are a couple of good places to start.

2. The creature from Jekyll Island - an audio lecture by G. Edward Griffin (It's floating around the internet, but you'll have to find it on your own.)

3. The Fed was created by the richest people in the U.S. (including JP Morgan)

4. The legislation was drawn up in secrecy, on a private island (Jekyll Island)

5. The Fed is a banking cartel; it's not a government institution at all. (i.e. it's legalized monopoly)

6. The Fed creates money out of thin air... and gives it to the State. (i.e. to the politicians)

7. The 'dollar' buys less and less because there are more and more of them.

8. The more dollars in circulation the more 'interest' the banks make... so they have an obvious bias toward printing money.

9. This creation of fiat money is a hidden tax; a tax people don't know anything about.

10. The pols didn't call it [The Fed] a central bank, because congress said it didn't want one.

11. It's the bankers that hate savings; ie. people who save; people who finance their own homes, businesses, etc. with savings. (Savings mean bankers don't make money off of loans.)

12. He wants to redefine usury as 'any interest made off of fiat money...'

1. Lenin of course was a big fan of 'central banking' long before Morgan and his crowd created the Fed.


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