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 Saturday,
June 10th
Show
Highlights:
- G.
Edward Griffin, author of The Creature From Jekyll
Island, shares his in depth research and
analysis concerning the Federal Reserve System and
the forces behind its inception.
- Kal
Gronvall, precious metals expert, offers a novel
perspective on gold and silver investing - concentrating
on protecting wealth from the coming dollar deluge.
- The
Goldseek Wizards, Gary Kaltbaum, Bob
Chapman and Jack Chan examine all of
the major markets including precious metals. The
Wizards use proprietary technical analysis as well
as fundamental tools to help listeners to correctly
gauge the current market environment.
-
NEXT WEEK: Richard Daughty,
The Mogambo, Returns.
 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. His better-known works
include The
Creature from Jekyll Island, World
without Cancer, The
Discovery of Noah’s Ark, Moles
in High Places, The
Open Gates of Troy, No
Place to Hide, The
Capitalist Conspiracy, More
Deadly than War, The
Grand Design, The Great Prison Break, and The
Fearful Master.
Mr. Griffin is a graduate of the University of Michigan
where he majored in speech and communications. In
preparation for writing his book on the Federal Reserve
System, he enrolled in the College for Financial Planning
located in Denver, Colorado. His goal was not to become
a professional financial planner but to better understand
the real world of investments and money markets. He
obtained his CFP designation (Certified Financial
Planner) in 1989.
Mr. Griffin is a recipient of the coveted Telly Award
for excellence in television production, a Contributing
Editor of The New American magazine, the creator of
the Reality Zone Audio
Archives, and is President of American Media,
a publishing and video production company in Southern
California. He has served on the board of directors
of The National Health Federation and The International
Association of Cancer Victors and Friends and is Founder
and President of The Cancer Cure Foundation. He is
also the founder and president of Freedom Force International.
How
It REALLY Happened
The
Creature from Jekyll Island
by G. Edward Griffin
Excerpts
from Chapter One specifically addressing
the creation of the Federal Reserve System.
 The
secret meeting on Jekyll Island in Georgia at which
the Federal Reserve was conceived; the birth of a
banking cartel to protect its members from competition;
the strategy of how to convince Congress and the public
that this cartel was an agency of the United States
government.--...were seven men who represented an
estimated one-forth of the total wealth of the entire
world.
1.
Nelson W. Aldrich, Republican "whip" in
the Senate, Chairman of the National Monetary Commission,
business associate of J.P. Morgan, father-in-law to
John D. Rockefeller, Jr.;
2.
Abraham Piatt Andrew, Assistant Secretary of the United
States Treasury;
3.
Frank A. Vanderlip, president of the National City
Bank of New York, the most powerful of the banks at
that time,representing William Rockefeller and the
international investment banking house of Kuhn, Loeb
& Company;
4.
Henry P. Davison, senior partner of the J.P Morgan
Company;
5.
Charles D. Norton, president of J.P. Morgan's First
National Bank ofNew York;
6.
Benjamin Strong, head of J.P. Morgan's Bankers Trust
Company;and
7.
Paul M. Warburg, a partner in Kuhn, Loeb & Company,
a representative of the Rothschild banking dynasty
in England and France, and brother to Max Warburg
who was head of the Warburg banking consortium in
Germany and the Netherlands.
In
1913, the same year that the Federal Reserve Act was
passed into law, a subcommittee of the House Committee
on Currency and Banking, under the chairmanship of
Arsene Pujo of Louisiana, completed its investigation
into the concentration of financial power in the United
States. Pujo was considered to be a spokesman for
the oil interests, part of the very group under investigation,
and did everything possible to sabotage the hearings.
In spite of his efforts, however, the final report
of the committee at large was devastating. It stated:
Your
committee is satisfied from the proofs submitted,
even in the absence of data from the banks, that there
is an established and well defined identity and community
of interest between a few leaders of finance...which
has resulted in great and rapidly growing concentration
of the control of money and credit in the hands of
these few men...
When
we consider, also, in this connection that into these
reservoirs of money and credit there flow a large
part of the reserves of the banks of the country,
that they are also the agents and correspondents of
the out-of-town banks in the loaning of their surplus
funds in the only public money market of the country,
and that a small group of men and their partners and
associates have now further strengthened their hold
upon the resources of these institutions by acquiring
large stock holdings therein, by representation on
their boards and through valuable patronage, we begin
to realize something of the extent to which this practical
and effective domination and control over our greatest
financial, railroad and industrial corporations has
developed, largely within the past five years, and
that it is fraught with peril to the welfare of the
country.
The
purpose of this meeting on Jekyll Island was...to
come to an agreement on the structure and operation
of a banking cartel. The goal of the cartel, as is
true with all of them, was to maximize profits by
minimizing competition between members, to make it
difficult for new competitors to enter the field,
and to utilize the police power of government to enforce
the cartel agreement.
In
more specific terms, the purpose and, indeed, the
actual outcome of this meeting was to create the blueprint
for the Federal Reserve System.--
The
first leak regarding this meeting found its way into
print in 1916. It appeared in Leslie's Weekly and
was written by a young financial reporter by the name
of B.C. Forbes, who later founded Forbes Magazine.
The article was primarily in praise of Paul Warburg,
and it is likely that Warburg let the story out during
conversations with the writer. At any rate, the opening
paragraph contained a dramatic but highly accurate
summary of both the nature and purpose of the meeting:
Picture
a party of the nation's greatest bankers stealing
out of New York on a private railroad car under cover
of darkness, stealthily hieing hundreds of miles South,
embarking on a mysterious launch, sneaking on to an
island deserted by all but a few servants, living
there a full week under such rigid secrecy that the
names of not one of them was once mentioned lest the
servants learn the identity and disclose to the world
this strangest, most secret expedition in the history
of American finance.
I
am not romancing. I am giving to the world, for the
first time, the real story of how the famous Aldrich
currency report, the foundation of our new currency
system, was written.--
In
1930, Paul Warburg wrote a massive book - 1750 pages
in all - entitled "The Federal Reserve System,
Its Origin and Growth". In this tome, he described
the meeting and its purpose but did not mention either
its location or the names of those who attended. But
he did say: "The results of the conference were
entirely confidential. Even the fact there had been
a meeting was not permitted to become public."
Then in a footnote he added: "Though eighteen
years have since gone by, I do not feel free to give
a description of this most interesting conference
concerning which Senator Aldrich pledged all participants
to secrecy."--
In
the February 9, 1935, issue of the Saturday Evening
Post, an article appeared written by Frank Vanderlip.
In it he said: "Despite my views about the value
to society of greater publicity for the affairs of
corporations, there was an occasion, near the close
of 1910, when I was as secretive - indeed, as furtive
- as any conspirator....I do not feel it is any exaggeration
to speak of our secret expedition to Jekyll Island
as the occasion of the actual conception of what eventually
became the Federal Reserve System....We were told
to leave our last names behind us. We were told, further,
that we should avoid dining together on the night
of our departure. We were instructed to come one at
a time and as unobtrusively as possible to the railroad
terminal on the New Jersy littoral of the Hudson,
where Senator Aldrich's private car would be in readiness,
attached to the rear end of a train for the South....
Once
aboard the private car we began to observe the taboo
that had been fixed on last names. We addressed one
another as "Ben," "Paul," "Nelson,"
"Abe" - it is Abraham Piatt Andrew. Davison
and I adopted even deeper disguises, abandoning our
first names. On the theory that we were always right,
he became Wilbur and I became Orville, after those
two aviation pioneers, the Wright brothers....The
servants and train crew may have known the identities
of one or two of us, but they did not know all, and
it was the names of all printed together that would
have made our mysterious journey significant in Washington,
in Wall Street, even in London. Discovery, we knew,
simply must not happen, or else all our time and effort
would be wasted.
If
it were to be exposed publicly that our particular
group had got together and written a banking bill,
that bill would have no chance whatever of passage
by Congress.--
As
with all cartels, it had to be created by legislation
and sustained by the power of goverment under the
deception of protecting the consumer.--
As
John Kenneth Galbraith explained it:
"It
was his [Aldrich's] thought to outflank the opposition
by having not one central bank but many. And the word
bank would itself be avoided."--Galbraith says
"...Warburg has, with some justice, been called
the father of the system."
Professor
Edwin Seligman, a member of the international banking
family of J. & W. Seligman, and head of the Department
of Economics at Columbia University, writes that "...in
its fundamental features, the Federal Reserve Act
is the work of Mr. Warburg more than any other man
in the country."--
Another
brother, Max Warburg, was the financial adviser of
the Kaiser and became Director of the Reichsbank in
Germany. This was, of course, a central bank, and
it was one of the cartel models used in the construction
of the Federal Reserve System. The Reichsbank, incidentally,
a few years later would create the massive hyperinflation
that occured in Germany, wiping out the middle class
and the entire German economy as well.--
...A.
Barton Hepburn of Chase National Bank was even more
candid. He said:
"The
measure recognizes and adopts the principles of a
central bank. Indeed, if all works out as the sponsers
of the law hope, it will make all incorporated banks
together joint owners of a central dominating power."
And that is about as good a definition of a cartel
as one is likely to find.--
...it
is incapable of achieving its stated objectives.--
...why
is the System incapable of achieving its stated objectives?
The
painful answer is: those were never its true objectives.--
Anthony
Sutton, former Research Fellow at the Hoover Institution
for War, Revolution and Peace, and also Professor
of Economics at California State University, Los Angeles,
provides a somewhat deeper analysis. He writes:
"Warburg's
revolutionary plan to get American Society to go to
work for Wall Street was astonishingly simple. Even
today,...academic theoreticians cover their blackboards
with meaningless equations, and the general public
struggles in bewildered confusion with inflation and
the coming credit collapse, while the quite simple
explanation of the problem goes undiscussed and almost
entirely uncomprehended. The Federal Reserve System
is a legal private monopoly of the money supply operated
for the benefit of the few under the guise of protecting
and promoting the public interest.--"
The
real significance of the journey to Jekyll Island
and the creature that was hatched there was inadvertantly
summarized by the words of Paul Warburg's admiring
biographer, Harold Kellock:
"Paul
M. Warburg is probably the mildest-mannered man that
ever personally conducted a revolution. It was a bloodless
revolution: he did not attempt to rouse the populace
to arms. He stepped forth armed simply with an idea.
And he conquered. That's the amazing thing. A shy,
sensitive man, he imposed his idea on a nation of
a hundred million people.--"
Click
here to read Chapter 10, THE MANDRAKE MECHANISM
The
Creature from Jekyll Island: A Lecture on the Federal
Reserve
"G. Edward Griffin exposes the most blatant scam
of all history. It’s all here: the cause of wars,
boom-bust cycles, inflation, depression, prosperity.
It's just exactly what every American needs to know
about the power of the central bank."
The Creature From Jekyll Island
Kal
Gronvall
About
me; and the scams in the coin industry
By
trade I am a high school and college English teacher,
having taught a total of 11 years. After finishing
my Master's degree in 1993 I tried to get back into
teaching, but there was such an excess of teachers
I couldn't find a job. So, in the fall of 1997 I took
a job with the largest gold coin company in the country
located in Minneapolis. I worked for that company
until just after 2000 turned over. Then I left that
company to work for another gold coin company in Burnsville,
Minnesota. While working for these two coin companies
for a total of six years I got a pretty good handle
on the gold coin business, and to my shock, I witnessed
some of the lowest, most despicable acts I had ever
seen in my life, as other gold brokers around me would
lie to customers, misrepresent coins and make false
claims about them, promise people impossible monetary
gains if they bought certain coins, and the management
went right along with it.
I
decided to go on the radio and expose these scams
in the coin industry I ended up on national radio
talk shows doing just that. The biggest problem with
the gold coin industry is the fact that it is unregulated.
It is basically “buyer beware.” Whatever
they can get away with they get away with. In late
1998, a talk show host asked me why I was speaking
out against the coins that all the other companies
were recommending. I simply told him that these companies
sell certain coins because they bring huge profits,
not for the customer, but for the coin company. The
talk show host told me that many people from the listening
audience had asked if I had anything in writing about
the scams in the coin industry. I told him that I
didn't but that I could put some of these things in
writing. I started with 11 pages, then it grew to
17, then to 21, then to 26. I will soon be updating
my paper. After I update it I will publish it as a
book. I am offering this paper free of charge to anyone
who calls and requests it. Now, a little about the
paper.
Following
are the services I provide:
The only paper in the country exposing the scams in
the coin industry
Financial consulting at no charge or obligation
An honest evaluation of your financial ability to
purchase precious metals -
I do turn people away whom I feel don't have the financial
means to buy gold and silver
Free information package upon request (37 page information
package)
I encourage you to copy my material and distribute
it
I present a common sense approach to owing gold and
silver
I advocate for you to take physical possession of
your gold and silver
I sell gold & silver coins at a competitive price
- I will not be under sold
I buy gold and silver coins
No minimum order
I do coin conversions or repositioning only if it
benefits the customer
I have the fastest delivery system in the business
(7 to 10 days)
Free shipping/insurance anywhere in the United States
To expedite the delivery process, I pay for overnight
delivery of your payment to me
Complete privacy (your name is not entered into any
database)
Customer references provided upon request
Free conference calling with others interested in
purchasing
I don't have an 800 number, but just ask, and I will
call you back when you call - I have unlimited minutes
on my phone, so to call you back doesn't cost me more
A possibility that you could work for me if we are
compatible
No high pressure sales tactics or fine print
I believe in education not intimidation - I used to
be a teacher
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