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Gran Leon Books - The Creature from Jekyll Island: A Second Look at the Federal Reserve
![The Creature from Jekyll Island: A Second Look at the Federal Reserve]()
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List Price: $19.50
Our Price: $75.00
Availability: N/A
Manufacturer: Amer Media
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Average Customer Rating:  
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Binding: Paperback
Dewey Decimal Number: 332.110973
EAN: 9780912986180
ISBN: 0912986182
Label: Amer Media
Manufacturer: Amer Media
Number Of Items: 1
Number Of Pages: 608
Publication Date: 1995-09
Publisher: Amer Media
Studio: Amer Media
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Editorial Reviews:
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Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and 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 all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a "must read." Your world view will definitely change. You'll never trust a politician again - or a banker.
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Spotlight customer reviews:
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Customer Rating:
Summary: Most Important Book I Have Ever Read!!!
Comment: I have read hundreds of books throughout my 33 years of life and none come close to this book. This book is both frightening and enlightening. It also goes to show that you really never learn in public school or college what you really need to know. I can't speak for the other readers but I plan doing whatever I can to slow down this oppressive beast controlling the well being of all U.S. citizens. Do yourself a favor. Get this book and get the education of a lifetime. This is not just a book about the Federal Reserve. It is the best book about American History I have every read. I was so pleased with this book I am looking into buying some his other books.
Customer Rating: 
Summary: Moronic garbage
Comment: Griffin's book is a chain of false citations pulled together in order to support a chain of Right-wing nostrums.
Just as one illustration of how Griffin falsely miscites historical references, when discussing the second Bank of the United States Griffin makes the claim that "It had promised to continue the tradition of moderating the other banks by refusing to accept any of their notes unless they were redeemable in specie on demand. But when the other banks returned the gesture and required that the new Bank also pay out specie on their demand it frequently lost its resolve." Although Griffin claims to be citing Ralph Catterall's work on the second Bank, one sees that Catterall had made a completely different point:
"Thus the Bank of the United States, even when it attempted to press its claims, found insuperable obstacles to collecting in coin. Hence the state banks enjoyed a virtual immunity from the payment of the vast majority of their notes. In striking contrast to this favor shown the state banks was the attitude toward the national bank. Banks, brokers, and traders made a business of extracting coin from its vaults, an operation facilitated by its faulty management in permitting excessive discounts. Brokers and bankers constantly bought up its notes and presented them for redemption, drew specie, sold it at an advance, bought bank notes, presented them, drew specie, sold it, and so on ad infinitum."
Griffin was clearly attempting to twist the facts about the second Bank in order to make them seem uncooperative and hence "bad," whereas the picture one gets from Catterall is that the second Bank was actually gullibly cooperative. In other words, Griffin deliberately misquoted a source in order to give a misimpression which was more in line with his ideological predilections. One could go through the whole book noting such misquotes.
Perhaps more relevant is to appreciate the way that Griffin has completely turned upside-down the significance of the formation of the Federal Reserve System in 1913. Most readers of Griffin whom I've come across are frequently under the misimpression that fractional reserves are an idea which was somehow introduced in 1913. That, of course, is absolutely moronic. Playing games with fractional reserves has been a central component of capitalism from the earliest days. When the United States was growing across the continent in the 19th century people manipulated the practice of money-lending with reserves that were very far short of 10%. It didn't matter because the US economy was growing at such a swift pace. When the US had conquered all of the western territories then the pace of economic growth started to slag and this led to the establishment of the Federal Reserve System as a form of regulatory agency over such fractional lending. But the point of consequence of 1913 was that it set up regulation over fractional lending, not that it introduced fractional lending. The US economy has always run on the fractional lending. That was true throughout the whole 19th century.
Griffin casts a gross distortion of the Jekyll Island meeting. In Griffin's world that meeting is presented as the origin of the Fed. In reality, it was the crisis of 1907 which started a very public debate on the need to form a national banking system. The meeting at Jekyll Island happened because the leading bankers felt they should try to preempt the public debate by putting together their own plan. However, the Aldrich plan was rejected and did not form the basis of the Fed. Griffin has very badly twisted the history here.
If someone honestly wants to get the facts about the Fed but is suspicious of liberal authors such as John Kenneth Galbraith (I must recommend his MONEY: WHENCE IT CAME, WHERE IT WENT however) then I'd suggest looking up Elgin Groseclose as a conservative author who nevertheless remains connected to reality where Griffin flies off into outer space. Something like AMERICA'S MONEY MACHINE should give readers a better comprehension of what has actually gone on. Reading Griffin is only of use to those who enjoy the study of Right-wing crackpotism. There isn't much there otherwise.
Customer Rating:
Summary: Robert Kyiosaki said we must read this book
Comment: I loved reading this book, although it is quite a thick read it was very easy and flowing, the information was unbelieveable, the banks and goverments of the world have us sown up bad and we need to take action against it, the author presented factual information in a way that is simple to understand a topic like this can be very complicated but the read is easy to understand, I read this book because Robert Kyiosaki said too, and when he recommends anything I listen, a must read for everyone.
Customer Rating:
Summary: awesome book
Comment: this book is great. It shows how bad our banks, monetary system and foreign affairs are all intertwined. It is a great starting point for history and our monetary policy. Now you can see why we have a perpetual rate of inflation and why are savings are eroded to a point of worthlessness by the time we retire. If more people read this book, they will demand a return to the gold standard.
Customer Rating:
Summary: MUST READ
Comment: A must-read for any American! Griffin explores the roots of money and banking in the western world. His detailed historical journey travels from the revolutionary war period thru the Napoleonic era to the modern day.
The book's historical information on the struggle of the founding fathers, Andrew Jackson, and others against banking powers should be taught in every school in America. But, of course, it is not.
Some have and will undoubtedly call portions of it "conspiracy."
Just remember all those who challenge mainstream history are always mocked in this manner. Just remember that America's entries into both world wars were sparked by lies- the Lusitania, Pearl harbor- that have since been shown to be just that. Unfortunately it is usually too late to change things once the "consiracies" become truths. Perhaps we should all be a little more "conspiratorial" in our thinking. We all see where our naivete has gotten us!
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