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G. Edward Griffin: Experience the Birthplace of The Creature From Jekyll Island

Mr. Griffin discusses his book, The Creature from Jekyll Island. Jekyll Island is a real place, off the coast of Georgia, it marks the formation of the Federal Reserve System. In 1910 a group of wealthy bankers and industrialists met and formulated a plan to take over the money system.

Banks like to loan out a lot of money, the best way to do that is when the supply is unrestricted, and they control that supply. Therefore they dislike gold and silver since they are finite.

When the Federal Reserve Act was created in 1913, it essentially legalized a predatory system of counterfeiting. The banks excessive printing has resulted in the dollar being only worth two cents compared to 1913. If you hold something with intrinsic value, your wealth is far more protected than being just in dollars.

He discusses how the existing system is close to failure and can’t continue much longer; it’s a worldwide problem. He thinks the system is likely to be replaced by one more oppressive.

Overall he likes the characteristics of cryptocurrencies, the privacy, the limited supply, and how you can conduct transactions yourself. However, the focus should be less on making money with them and more about replacing the existing system. He thinks the banks and governments will try to control it. He doesn’t feel that digital currencies are a better alternative than gold and silver.

Mr. Griffin will be a keynote speaker at the Hard Asset Conference taking place on Jekyll Island from October 19th – 22nd. Visit www.palisadeconference.com for more details.

Talking Points From This Week’s Episode
• He discusses the Federal Reserve system and its origins.
• The system is failing, and they may try to replace it with something worse.
• Cryptocurrencies have potential, aspects are appealing.
• Palisade is holding a Conference on October 19th

G. Edward Griffin is a writer and documentary film producer with many successful titles to his credit. Listed in Who’s Who in America, he is well known because of his talent for researching difficult topics and presenting them in clear terms that all can understand. He has dealt with such diverse subjects as archaeology and ancient Earth history, the Federal Reserve System and international banking, terrorism, internal subversion, the history of taxation, U.S. foreign policy, the science and politics of cancer therapy, the Supreme Court, and the United Nations.