G. Edward Griffin: The Creature from Jekyll Island

A Second Look at the Federal Reserve

American Media, 5th ed., 2010 (1994)     Amazon.com

Back Cover:

Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs and wheels that create the grand illusion called money.

A boring subject? Just wait! You’ll be hooked in five minutes. Reads like a detective story – which it really is. But it’s all true. This book is about the most blatant scam of history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Your world view will definitely change.

Putting it quite simply: this may be the most important book on world affairs you will ever read.

Blurbs:

“A superb analysis deserving serious attention by all Americans. Be prepared for one heck of a journey through time and mind.”  Ron Paul

“Scary. It’s the story of the world banking system. Enough said.”  Willie Nelson, Musician/Author

“What every American needs to know about central bank power. A gripping adventure into the secret world of the international banking cartel.”  Mark Thornton, Asst. Professor of Economics, Auburn Univ., Coordinator Academic Affairs, Ludwig von Mises Institute

“A magnificent accomplishment – a train-load of heavy history, organized so well and written in such a relaxed and easy style that it captivated me. I hated to put it down.”  Dan Smoot, Publisher/Editor, Dan Smoot Report

“As a career banker and president of a bank consulting firm, I thought I had a good understanding of the Federal Reserve. But this view changed the way I view our entire monetary system.”  Marilyn MacGruder Barnewall, Grand Junction, Colorado

JOB’s Comment:

Griffin is a strange figure. Simply by allowing the populist – in the lower sense of the word – text cited above on the back cover, he destroys much of his credibility in the eyes of discerning readers. And there are similar exaggerations in the book. Unfortunately, Griffin seems almost to cultivate deliberately an image of a kooky and sensationalist kind of conspiracy theorist.

Of course it’s not “all here”. A more comprehensive perspective on economic history is needed to understand money, banking, the capitalist system, how they have shaped modern history, and how to reform them. And it is hardly possible simply to dismiss as “the most blatant scam of history” what even most academic economists who know the facts here set forth, understand the arguments, and agree with much of Griffin’s general account, seriously believe is, by and large, a good system, one that has brought the world progress and prosperity and will continue to do so.

Nonetheless, such economists seem to be wrong in important respects. Griffin makes many good points and much of his assessment is certainly true.

Cf. my posts with lectures by Griffin in the Economics category.

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