The Creature From Jekyll Island: A Second Look At the Federal Reserve [Paperback]

G. Edward Griffin (Author)

Book Description

Publication Date: 2009

The Creature from Jekyll Island: A Second Look at the Federal Reserve (Paperback) by G. Edward Griffin (Author) 2009

Product Details

• Paperback
• ASIN: B001V7BRFS
• Product Dimensions: 9 x 6 x 1.6 inches
• Shipping Weight: 2.2 pounds
• Average Customer Review: 4.6 out of 5 stars  See all reviews (34 customer reviews)
• Amazon Best Sellers Rank: #45,828 in Books (See Top 100 in Books)

More About the Author

G. Edward Griffin is a writer and documentary film producer with many successful titles to his credit. Listed in Who's Who in America, he is well known because of his unique talent for researching difficult topics and presenting them in clear terms that all can understand. He has dealt with such diversified subjects as archaeology and ancient earth history, international banking, internal subversion, terrorism, the history of taxation, U.S. foreign policy, the science and politics of cancer therapy, the Supreme Court, and the United Nations. Some of his better known works include The Discovery of Noah's Ark, Moles in High Places, The Open Gates of Troy, No Place to Hide, World Without Cancer, The Life and Words of Robert Welch, The Capitalist Conspiracy, The Grand Design, The Great Prison Break, and The Fearful Master. His most recent book is entitled The Creature From Jekyll Island: A Second Look At The Federal Reserve.

Customer Reviews

Most Helpful Customer Reviews

81 of 87 people found the following review helpful:

5.0 out of 5 stars Money is an illusion, May 31, 2009

By 

Guy Denutte "A concerned citizen" (Cali, Colombia) - See all my reviews
(REAL NAME)   

This review is from: The Creature From Jekyll Island: A Second Look At the Federal Reserve (Paperback)

This is the most important economic textbook since Marx wrote Das Capital. Whereas Marx goes great lengths explaining all the problems concerning the *production cycles* of capitalism, Griffin explains the *money supply* side. And this ends up being even more disturbing. Griffin explains that money is created "out of nothing", worse even, out of "less than nothing", out of DEBT. Whenever the government is in need of money, they "lend" it to the Federal Reserve, which, by the way, isn't a government institution, but a cartel of private banks, invented by the Rockefeller and Morgan families in Jekyll Island in 1910 and established by Congress in 1913. This Fed "creates" the money the government needs in the form of government bonds, ultimately made out of "paper and ink". Government then spends this money (payment to contractors etc.) and this money ends up as deposits in private bank accounts, where it is used in turn to back up private loans. More money is created "out of nothing", since banks typically lend 9 dollars for each dollar they have in deposit ! As you can see, all money is created out of debt. Would all debts be paid, all money would literally... disappear... Money which is not backed up by gold is thus an illusion.

Now, governments do all what is in their power to be indebted. Remember Bush and Obama rescued "Banks Too Big To Fail" (sic) and other Big Corporations, each time with more than 700 billion USD, without even raising taxes ! They even did better ! They lowered taxes at the same time ! Ever wondered how they perform this fascinating trick? Read this important book. Griffin shows that recollecting taxes isn't really necessary. But we DO end up paying those bills, every time government decides to "create money out of nothing". Don't be mistaken. Every time our governments expand the money supply, inflation goes up, and our money ends up being worth less. In 1966, when Greenspan was still a brilliant economist and not a corrupted chairman of the Fed, he called inflation a "hidden confiscation of wealth".

The first edition of Griffin's book was published in 1994, and has very important historical explanations and references. If you - like me - heard once too much that the actual crisis is similar to the Great Depression of the `30s, and always wanted to know what really happened then, then this book will sort it all out. As a *complementary work* in which the current crisis is explained in great detail, I would also highly recommend Kevin Phillips Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism.

25 of 25 people found the following review helpful:

5.0 out of 5 stars Know the Truth -- and it shall make you angry, July 15, 2009

By 

Prof. CJ "The Eclectic Professor" (North FL, USA) - See all my reviews

This review is from: The Creature From Jekyll Island: A Second Look At the Federal Reserve (Paperback)

What exactly is the Federal Reserve (or "Fed," for short), and what exactly does it do? Where does our money come from? What do banks actually do? Very few Americans - including (perhaps especially) our puppet political leaders - can accurately answer these questions. G. Edward Griffin skillfully gives you all the shocking answers in this book.

Griffin writes very well and manages to make subjects as supposedly arcane as money and banking into things that any literate layman can understand. Besides the complete history of the Fed, Griffin also provides some general history of banking and money which puts it all in context. As a historian, I can tell you that his facts are mostly spot-on, as are his economic analyses. Griffin cites the sources and quotes people to back up most of his claims. Furthermore, to his credit, on the few occasions in the book when he does speculate or theorize, Griffin makes it clear that he is speculating or theorizing - unlike many other authors.

This is not just dry history, though - Griffin clearly has a point of view, and it's decidedly anti-Fed. Here are his reasons for wanting to abolish the Federal Reserve:

1. It is incapable of accomplishing its stated objectives (which are basically moderating the business cycle and maintaining a stable dollar - it has clearly failed on both counts.)

2. It is a cartel operating against the public interest.

3. It is the supreme instrument of usury.

4. It encourages our most unfair tax (ie, inflation.)

5. It encourages war.

6. It destabilizes the economy.

7. It is an instrument of totalitarianism.

The things that are happening in our economy and government today may not seem to make much sense - until you read this book. Once you know the truth about the Fed, once you understand how you are being swindled and exploited, you will probably become angry and radicalized. Be forewarned: If you'd rather just stay asleep, then don't read this book. It would be very hard to read it and not come away as some sort of revolutionary. (Unless you already are one, of course.)

20 of 20 people found the following review helpful:

5.0 out of 5 stars Even Paranoids Have Real Enemies -- Everybody Should Read This Book, May 7, 2009

By 

K. R. Mudgeon "Kerr Mudgeon" (Berkeley, California, USA) - See all my reviews

Amazon Verified Purchase

This review is from: The Creature From Jekyll Island: A Second Look At the Federal Reserve (Paperback)

This should open the eyes of anyone who believes the government can, or even has any interest in the economic well being of ordinary people. It makes clear how the secretly formed cabal between the federal government, the nation's major banks, and the stealthy formed and secretive Federal Reserve continuously defraud American citizens. Anyone who wonders why Thomas Jefferson feared the power of banking institutions and why Andrew Jackson fought and killed the Bank of the United States will find the answer in this expose of the Fed, which is nothing more than a successor central bank to its evil predecessor. That bank existed, as does the Fed, to channel the nation's power and wealth to a permanent oligarchy to which common people always are subject irrespective of the fact that -- because of the success of the ongoing subterfuge -- most are not aware of, and do not recognize their subservience. The book does contain some factual errors, most of which are technical in nature, but they are minor and do not detract from the book's value as an eye opening expose of commonly accepted economic and financial myths.