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This audio is a 74 minute summary of the book. (The book contains 600 pages and is the most comprehensive book I have found on this subject.) However, anyone interested in this subject who understands how the Federal Reserve is slowly but steadily draining the wealth of our country, will want to tell others why we must end the Fereral Reserve System. This audio is a good way to spread the word. In fact, at the end, the author gives permission for anyone to make copies of this CD and give them to friends as long as they are not sold. Of course, for an in depth understanding, you should read the book.
If you're interested in this subject, you will want to view a 3 1/2 hour documentary called The Money Masters that was made in 1995. You can see it for free by going to YouTube.com and entering 'The Money Masters' in the search bar. You can also purchase it from an Amazon third party seller. (I purchased a copy because, with what I now know about the Fed, I would not be surprised if this documentary becomes "unavailable" if the movement to end the Fed starts gathering steam.)
In a nutshell, this is how the Ponzi scheme known as the Federal Reserve System operates;
First, it is not "federal". It is a private corporation owned by a handful of individuals. It has been exempted from the Freedom Of Information Act and the identities of the owners of the Fed are, for the most part, a secret.
Next, there aren't any "reserves" of money.
Last, it is not a "system". It is a cartel of bankers who have been given an exclusive banking monopoly and the to power to "print" (i.e.: create) money.
The Federal Reserve Act was passed in 1913. This law took the power to print money away from the government (unconstitutionally, I might add) and gave it to the newly created Federal Reserve System which is actually a privately owned Central Bank.
When the federal government needs more money than it can obtain through taxes or borrowing, it obtains the money from the Federal Reserve which is why it euphemistically referred to as the lender of last resort. The Fed will always lend ANY AMOUNT of money to the government because it can do so by simply "printing" the money. In reality, the Fed simply makes a bookkeeping entry crediting, for example, a trillion dollars to the government's checking account. This "printing" of money is actually a theft of money from American people because it dilutes the value and reduces the purchasing power of all previously existing currency. This is why something that could be purchased for $1 in 1913, now costs more than $50.
Prior to 1913, if the government needed additional money, it could simply print the money itself. Abraham Lincoln did this during the Civil War when "Greenbacks" were issued. These were simply promissory notes like today's Federal Reserve Notes that we think of as money. If you look at the top of any bill, you will see the words Federal Reserve Note. However, after the passage of the Federal Reserve Act, the government must now have a third party, the Fed, print the additional money it needs. This might not be such a horrible thing except for the fact that the government must now pay interest on this newly created money that it has borrowed from the Fed. In addition, this new money is the product of purchasing power that has been stolen from the people of the United States. So, in effect, the taxpayers must now pay interest on money that the Fed has stolen from them, and then loaned back to them.
But wait. It gets worse.
After the government borrows a trillion dollars from the Fed, it writes checks and spends the money. The military gets paid, people receive their Social Security checks, and so forth. After people receive these checks from the government, they deposit them into their bank accounts. Let's say that someone receives a check for $1,000 from the government and deposits it into a savings account. Most people think that the bank will now have $1,000 (minus some percentage set aside for a reserve) that it can loan out. Wrong! Using the magic of something called Fractional Reserve Banking, the bank can loan out $9,000 for every $1,000 in deposits.
Initially, the bank loans out $900 and holds $100 (10%) in reserve. However, the $900 that has been loaned out will ultimately be re-deposited into the banking system. When it is, the process will repeat itself with the bank loaning $810 and holding $90 (10%) in reserve. This process continues to repeat itself until the bank (i.e.: the banking system) has loaned out $9,000 for every $1,000 that was originally deposited. At this point, the bank (i.e.: banking system) is "loaned up" and must look elsewhere for additional money to loan.
To obtain additional money, the bank goes to the Federal Reserve's "Discount Window" and pledges the $9,000 in loans it has made as collateral to borrow money from the Fed. Based on this collateral, the Fed will lend an equal amount to the bank at the Federal Funds rate of 1 or 2% interest. The bank can now loan this money out at a higher rate of interest on loans made to consumers for purchases of cars, homes, credit cards, etc.
Okay, here's the 64 dollar question: Where do you think the Fed got this $9,000 to loan to the bank?
Yes, you guessed it. The Fed created/stole this money. Therefore, the money that you borrowed from the bank for the mortgage on your house is money that the Fed created/stole from the purchasing power of the American people. So, once again, you are paying interest on money that was stolen from you, and then loaned back to you.
You may ask how the Fed is able to do this. Let me remind you that the Fed has a monopoly on the banking system. This means that every check written by anyone for anything must "clear" through a federal reserve bank. Well, if someone owns ALL the banks, and they say a check is good, its' good because there isn't anyone to say otherwise. Moreover, under the Federal Reserve Act, this fraudulent Ponzi scheme is legal!
The bottom line is that for every trillion dollars the Federal Reserve steals from the purchasing power of the American people to loan to the government, it is able to steal/create an additional 9 trillion dollars that it will loan out to the American people through its' member banks.
As though all of this wasn't bad enough, I now have even worse news for you. When the Fed creates/steals $10 trillion and loans it out to the government and consumers, the loans must, of course, be paid back. Well, there's no problem paying back the $10 trillion. The same money that was created/stolen can be used to pay back the principle amount of the loans. But, what about the interest? No additional money has been created/stolen to pay the interest. Where does the money come from to pay the interest on the loans?
Think about that for a minute. If no additional money has been created/stolen to pay the interest, where will the money to pay this come from?
It will come from all of the real wealth that exists in the world. Can't make the payment on your car? Maybe you should sell your diamond ring. Can't make your mortgage payment? Maybe you should sell your car and use the money to pay your mortgage. You already sold your car? No problem. The bank will be happy to take your house away from you.
Government can't pay the interest on the national debt? Well, maybe it will have to raise taxes. Can't raise taxes? No problem. The Fed will be happy to loan more money to the government that it will create/steal from the American people.
Are you starting to see the big picture? Eventually, the handful of people who own the Federal Reserve, will own everything! And, they will accomplish this by charging us interest on loans made to us with money they stole from us! THIS is the scandal. THIS is what they don't want the people to know.
As I said above, the Federal Reserve is actually a privately owned Central Bank. There are Central Banks in other countries around the world. And, when countries go to war, they are desperate to borrow whatever amount of money it takes to fight the war. The vast sums required to fight a war are impossible to obtain through taxes or borrowing. Therefore, each country borrows what it needs from its' Central Bank. And, the dirty little secret is that, usually the winner of the war agrees to pay back the money loaned to the loser by the loser's Central Bank.
Hmmm. Do you think that there might be some common ownership of the different Central Banks? Could it be that the same bankers are financing both sides of a war? Hmmm. Could these bankers actually be involved in instigating these wars? Was Viet Nam really necessary? Are the wars in Iraq and Afghanistan really necessary? A Republican President got us into these wars and a Democratic President, who promised while campaigning that he would begin to bring the troops home IMMEDIATELY after he was elected, is keeping these wars going. Is it possible that someone else is calling the shots? Why was Tim Geitner, the former President of the New York Federal Reserve Bank selected as Secretary of the Treasury? If this isn't putting the fox in charge of the chicken coop, I don't know what is.
With just the little information you now have, you can begin to understand why you are hearing prominent individuals (including President Bush, Sr.) use the term "New World Order". The "new world order" means a one world government with a Central Bank Of The World and a cashless society. If this happens, the owners of the Central Bank will be the ruling elite of the world, everyone else will be impoverished, and there will be nowhere to escape to.
So, there you have it - the Federal Reserve in a nutshell. And, if this information is new to you, you must surely be thinking that I am some kind of nut. Well, read Griffin's book, watch The Money Masters, and get The Red Pill Project DVD from RealityZone.com. These are not the only sources of information on this topic. There are other books and, of course, information on the web. Read the books and watch the videos. Then, decide for yourself. However, I should caution you that all this stuff is extremely well documented. So, if what I have described to you above is something that you would rather not believe, don't go any further because, if you look into this, you will find that what I have told you is true. And, frankly, knowing that this is true is rather unnerving.
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One of the most important books in America
Reviewed in the United States on February 7, 2023
Listen up folks. The government is not your friend. They are your master. They have enslaved every civilization of the modern world and have harnessed the most profitable and rewarding resource on planet Earth: humanity.Now, onto this incredible book. Who would have ever thought a history of the federal monetary policy could be imbued with some much intriguing and shocking information. Eloquently written and easy to comprehend, this book has prompted me to no longer stand idly by watching the world burn, but to go on a libertarian pilgrimage and educate as many as I can to wake up to the nonsense that is the Federal Government. As the book shows, the Federal Reserve is simply a cog in an evil machine, designed to enrich the elites off the backs of us plebes. From the founding fathers of central banking, government bail outs, the gold standard, and the most heinous thing of all…WAR, this book has it all!Some will say this book has conspiratorial notes in it. I would argue that Griffin purely gives you the information and lets the reader decide. Actually, this is a recurring theme throughout the book. He provides the reader with shocking facts. It’s up to the reader to accept and continue researching (which I highly recommend) or ignore and continue being a slave to your government master.I enjoyed this book immensely and can’t recommend it enough. If you’d like further reading on the topic, I also recommend anything by Murray Rothbard, especially his book “The Case Against the Fed.”I got this in hardback thinking it would be a great addition to the library. The hardback is worth the extra money. Very tight binding and crisp pages.What are you still reading for! GET THIS BOOK!
Reviewed in the United States on February 7, 2023
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Top reviews from the United States
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Reviewed in the United States 🇺🇸 on December 28, 2010
Reviewed in the United States 🇺🇸 on February 7, 2023
Now, onto this incredible book. Who would have ever thought a history of the federal monetary policy could be imbued with some much intriguing and shocking information. Eloquently written and easy to comprehend, this book has prompted me to no longer stand idly by watching the world burn, but to go on a libertarian pilgrimage and educate as many as I can to wake up to the nonsense that is the Federal Government. As the book shows, the Federal Reserve is simply a cog in an evil machine, designed to enrich the elites off the backs of us plebes. From the founding fathers of central banking, government bail outs, the gold standard, and the most heinous thing of all…WAR, this book has it all!
Some will say this book has conspiratorial notes in it. I would argue that Griffin purely gives you the information and lets the reader decide. Actually, this is a recurring theme throughout the book. He provides the reader with shocking facts. It’s up to the reader to accept and continue researching (which I highly recommend) or ignore and continue being a slave to your government master.
I enjoyed this book immensely and can’t recommend it enough. If you’d like further reading on the topic, I also recommend anything by Murray Rothbard, especially his book “The Case Against the Fed.”
I got this in hardback thinking it would be a great addition to the library. The hardback is worth the extra money. Very tight binding and crisp pages.
What are you still reading for! GET THIS BOOK!
One of the most important books in America
Reviewed in the United States 🇺🇸 on February 7, 2023
Listen up folks. The government is not your friend. They are your master. They have enslaved every civilization of the modern world and have harnessed the most profitable and rewarding resource on planet Earth: humanity.Reviewed in the United States 🇺🇸 on February 7, 2023
Now, onto this incredible book. Who would have ever thought a history of the federal monetary policy could be imbued with some much intriguing and shocking information. Eloquently written and easy to comprehend, this book has prompted me to no longer stand idly by watching the world burn, but to go on a libertarian pilgrimage and educate as many as I can to wake up to the nonsense that is the Federal Government. As the book shows, the Federal Reserve is simply a cog in an evil machine, designed to enrich the elites off the backs of us plebes. From the founding fathers of central banking, government bail outs, the gold standard, and the most heinous thing of all…WAR, this book has it all!
Some will say this book has conspiratorial notes in it. I would argue that Griffin purely gives you the information and lets the reader decide. Actually, this is a recurring theme throughout the book. He provides the reader with shocking facts. It’s up to the reader to accept and continue researching (which I highly recommend) or ignore and continue being a slave to your government master.
I enjoyed this book immensely and can’t recommend it enough. If you’d like further reading on the topic, I also recommend anything by Murray Rothbard, especially his book “The Case Against the Fed.”
I got this in hardback thinking it would be a great addition to the library. The hardback is worth the extra money. Very tight binding and crisp pages.
What are you still reading for! GET THIS BOOK!
Images in this review
Reviewed in the United States 🇺🇸 on March 30, 2023
Reviewed in the United States 🇺🇸 on May 8, 2023
Top reviews from other countries
Mr Pat Stead
Compelling and scary..... every school child should read!!!
Reviewed in the United Kingdom 🇬🇧 on December 14, 2021
