Creature From Jekyll Island by G. Edward

Third edition

by G. Edward Griffin

American Media

Dedicated to the next generation-especially my own brood: James, Daniel, Ralph, and Kathleen.

May this effort help to build for them a better world.

Seventh printing: May 1998

Sixth printing: September 1997

Fifth printing: August 1996

Fourth printing: September 1995

Third printing: April 1995

Second printing: November 1994

First printing: July 1994

Third edition: May 1998

Second edition: September 1995

First edition: July 1994

© Copyright 1998,1995 and 1994 by G. Edward Griffin

Published by American Media

P.O. Box 4646

Westlake Village, California 91359-1646

Library of Congress Catalog Card Number: 98-71615

ISBN 0-912986-21-2

Manufactured in the United States

TABLE OF CONTENTS

Preface i

Acknowledgments iv

Introduction v

I. WHAT CREATURE IS THIS? 1

What is the Federal Reserve System? The answer may

surprise you. It is not federal and there are no reserves.

Furthermore, the Federal Reserve Banks are not even banks. The key to this riddle is to be found, not at the beginning of the story, but in the middle. Since this is not a textbook, we are not confined to a chronological structure. The subject matter is not a curriculum to be mastered but a mystery to be solved. So let us start where the action is.

1. The Journey to Jekyll Island 3

2. The Name of the Game Is Bailout 25

3. Protectors of the Public 41

4. Home Sweet Loan 67

5. Nearer to the Heart's Desire 85

6. Building the New World Order 107

II. A CRASH COURSE ON MONEY 133

The eight chapters contained in this and the following

section deal with material that is organized by topic, not chronology. Several of them will jump ahead of events that are not covered until later. Furthermore, the scope is such that the reader may wonder what, if any, is the connection with the Federal Reserve System. Please be patient. The importance will eventually become clear. It is the author's intent to cover concepts and principles before looking at events. Without this background, the history of the Federal Reserve is boring. With it, the story emerges as an exciting drama which profoundly affects our lives today. So let us begin this adventure with a few discoveries about the nature of money itself.

7. The Barbaric Metal 135

8. Fool's Gold 155

9. The Secret Science 171

10. The Mandrake Mechanism 185

III. THE NEW ALCHEMY 215

The ancient alchemists sought in vain to convert lead into gold. Modern alchemists have succeeded in that quest. The lead bullets of war have yielded an endless source of gold for those magicians who control the Mandrake