Federal Reserve | What Is The Fed | Central Bank | G Edward Griffin

Описание: The Federal Reserve Act of 1913 created a cartel for Private Banks, and it is the fourth (4th) Central Bank that was created in the United States - none of the first three did what they were supposed to do, which were supposed to promote economic conditions that benefit the public interest. The Fed is only succeeding at making it owner's (Private Banks) more wealthy at the expense of every American, and even at the peril of citizens in other countries! The Creature from Jekyll Island, G Edward Griffin's 1994 book, draws parallels between the Federal Reserve and a bird of prey. Griffin has opposed the Federal Reserve System since the 1960s, saying it constitutes a banking cartel and an instrument of war and totalitarianism. He presented his views on the U.S. money system in his 1993 movie and 1994 book on the Federal Reserve System, The Creature from Jekyll Island. The book was a business-topic bestseller. The book also influenced Ron Paul when he wrote a chapter on money and the Federal Reserve in his New York Times bestseller, The Revolution: A Manifesto. It has sparked the #EndTheFed Movement!

The Federal Reserve System is the Central Bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.

G. Edward Griffin is to be commended for this splendid work. 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 than 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.

Get 'The Creature From Jekyll Island' Book: https://amzn.to/36WNlGv

0:00 Introduction
0:30 What Is The Fed?
7:45 Where Was The Fed Conceived?
15:22 How Is Money Created?
24:38 Effect On The Dollar
29:27 Gold or Silver Standard
31:58 Solution To Fiat Money
34:14 How Do Politicians and Bankers Get Away With It?
35:25 What Happens If Nothing Happens...
39:24 What Can You Do?
42:05 Conclusion

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