• It encourages war.
• It destabilizes the economy.
• It is an instrument of totalitarianism.
The purpose of this book has been to demonstrate the accuracy of those assertions.
A plan for recovery was finally presented which involves
sixteen steps, each based upon lessons which emerged from history. These lessons were mingled with a large amount of theory which is traceable only to the mind of the author himself. Which is to say there is no guarantee the plan will work. But it
There undoubtedly are technical flaws in these proposals, for the mechanism is merely a prototype. Someone surely will discover a gear that will not mesh or a lever that is disconnected. It will need the additional work of specialists in many diverse fields. Even then, the job will not be complete, for it must finally be handed over to those who are skilled in drafting legislation. Their task will be two-fold. First, they must make it workable in the real world of politics. Secondly, they must prevent loopholes and vagaries which could eventually subvert the plan.
But none of these considerations should deter us from beginning the process. We may not have answers to all the technical questions, but we
The Creature has grown large and powerful since its conception on Jekyll Island. It now roams across every continent and compels the masses to serve it, feed it, obey it, worship it. If it is not slain, it will become our eternal lord and master.
The crusade has already begun.
AN INVITATION
If you would like to join me in this crusade to
abolish the Federal Reserve and to restore American
prosperity, let me know who you are. I will advise
you of important developments and will put you in
touch with others who are already in the battle. I
will also send you a list of books, videos, pamphlets,
and other materials you will need for carrying the
message to your friends. Send a self-addressed,
business-size envelope with two postage stamps to:
G. Edward Griffin
P.O. Box 4646
Westlake Village, CA 91359-1646
Materials may also be obtained at our website:
www.realityzone.com
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APPENDIX
(A.) STRUCTURE AND FUNCTION
OF THE FEDERAL RESERVE SYSTEM
The three main components of the Fed are: (1) the national Board of Governors, (2) the regional Reserve Banks, and (3) the Federal Open Market Committee. Lesser components include: (4) the commercial banks which hold the stock, and (5) the advisory councils.
The function of the national Board of Governors is to determine the system's monetary policy. The Board consists of seven members who are appointed by the President and confirmed by the Senate.
Their terms of office are fourteen years and are staggered so that they do not coincide with the presidential term of office. The purpose of this is to insure that no single President can dominate Fed policy by stacking the Board with his appointments. One Board member is appointed as the Chairman for four years and another as Vice Chairman for four years. The Chairman controls the staff and is the single most powerful influence within the system.
Control is exercised by the Board and a handful of top staff employees. The Federal Reserve Act mandated that the President, when selecting Governors 'shall have due regard to a fair representation of the financial, agricultural, industrial and commercial interests, and geographical divisions of the country.' This mandate is now almost completely ignored, and the men come primarily from the fields of banking and finance.
The function of the regional Reserve Banks is to hold cash reserves of the system, supply currency to member banks, clear checks, and act as fiscal agent for the government.
The twelve regional Reserve Banks are located in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco, and St. Louis. They are corporations with stock held
