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The Creature from Jekyll Island: A Second Look at the Federal Reserve (1994)

by G. Edward Griffin

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8561325,383 (4.13)8
Traces the history of the Federal Reserve, revealing how the American government has used the Reserve as a way to deceive taxpayers and control the global economy and explaining how the Reserve influences the flow of money between citizens, businesses, banks, and the government.
  1. 00
    Debt: The First 5,000 Years by David Graeber (fulner)
    fulner: Is debt a necessity that has helped advance civilization, or a conspiracy to keep the poor man down, the truth may lie somewhere between
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Showing 1-5 of 13 (next | show all)
This is a must-read article on the frightening history of fraud by the Federal Reserve and how taxpayers are continuously feeding the super wealthy. ( )
  Gbstewart67 | Aug 20, 2023 |
Disappointed. I was looking for an in-depth history and discussion on the inner workings of the Fed. In my opinion, the book was half-novel (researched as such - thin and dated bibliography), and some historical fact (although I found conflicting information, e.g. regarding the Lousitania sinking), but also after reading extended and well researched bios on Wilson, Coolidge, and Hoover, much of the author's depiction of these men seemed nothing like what I have previously read about them.

While I don't discount the conspiracy theory aspect of the book completely, the idea of closet-Socialists posing as Capitalists trying to create a world government seems like he's got it backwards.

In a nutshell, if you are a strong proponent of laissez faire capitialism and the free market, you will love this book. Fro,m the authors perspective, basically all of the world's problems are because of communists/socialist and if we just have the where-with-all, the free-market will be a panacea for all of our economic ills.

I wanted to give this book a 3, because I think there is some good in it, but the constant blaming of the socialists became old after a while. In my opinion, all isms have strengths and weeknesses. Why not use the best parts of each instead of trying to make one size fit all? ( )
  btbell_lt | Aug 1, 2022 |
I thought it was a fine book, though not as great as its fans think it is. I found some of it quite fascinating, particularly relationships between the Fed and the bank of England. However I find Griffin's nationalism disgusting. It seems to shroud much of his understanding of history, economics, and politics. He also repeatedly talks about problems of capitalism, yet for some reason calls its socialism. (Like bankers and big corporations controlling entire economizes and political structures). My other concern is that this book was frist published in the 1990s, and although having been updated several time since then it is extremely out of date. Checks are near non-existent in 2021 in the US and have been for decades in much of the rest of the world. Younger audiences will have trouble following at all.

The story line of war and its preparatory was also interesting and a different look. He makes a decent argument that environmentalism is the "socialists" new substitute for war, but I think he under estimates the number of "Americans" who would totally believe an alien invasion. ( )
  fulner | Apr 14, 2021 |
I found the tone of Griffin insufferable. I only made it about a quarter of the way through the book. I'm fascinated by the Federal Reserve, and actually agree with Griffin's condemnation of globalization. Despite this promising context, he still managed to alienate me. He covers a lot of fascinating issues, such as Penn Central's demise and the Saving and Loans Crisis. But his analysis is so off base and irrational that I found it more confusing than useful to continue. ( )
  willszal | Aug 24, 2017 |
This book wouldn't bother me if it was touted as op-Ed or fiction. Pretending that it's economics, history, or economic history is incredibly misleading however. ( )
  kallai7 | Mar 23, 2017 |
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Traces the history of the Federal Reserve, revealing how the American government has used the Reserve as a way to deceive taxpayers and control the global economy and explaining how the Reserve influences the flow of money between citizens, businesses, banks, and the government.

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