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G.
Edward Griffin
Freedom
Force International-
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
2008
Archives:
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Ian - November 1, 2008
Harry
S. Dent Jr., Chris Waltzek, Bob Chapman & Robert
Ian - October 25, 2008
Andre
Egelletion, Jim Rogers, Bob Chapman, Robert Ian
& Chris Waltzek - October 18, 2008
Arch
Crawford, Bob Chapman, Robert Ian & Chris Waltzek
- October 11, 2008
John
Perkins, Bob Chapman, Robert Ian & Chris Waltzek
- October 4, 2008
Jim
Rogers & Robert Kiyosaki, Gary Dorsch, Robert
Ian & Chris Waltzek(Encore Show) - Sept
27, 2008
Mike
Maloney, Bob Moriarty, Bob Chapman, Robert Ian &
Chris Waltzek - Sept 20, 2008
Axel
Merk, Bob Moriarty, Bob Chapman, Robert Ian &
Chris Waltzek - Sept 13, 2008
Puru
Saxena, Bob Chapman, Robert Ian & Chris Waltzek
- Sept 6, 2008
Robert
Kiyosaki, Bob Chapman, Robert Ian & Chris Waltzek
- Aug. 30, 2008
Peter
Spina, Dr. Ron Paul, Bob Chapman, Robert Ian &
Chris Waltzek - Aug. 23, 2008
Jim
Rogers, Gary Dorsch, Bob Chapman, Robert Ian &
Chris Waltzek - Aug. 16, 2008
Bill
Murphy, Bob Chapman, Robert Ian & Chris Waltzek
- Aug. 9, 2008
Peter
Schiff, Bob Chapman, Robert Ian & Chris Waltzek(Encore
Show) - Aug. 2, 2008
Timothy
Sykes, Bob Chapman, Robert Ian & Chris Waltzek
- July 26, 2008
Gary
Dorsch, Bob Chapman & Chris Waltzek
- July 19, 2008
James
Turk, Bob Chapman & Chris Waltzek -
July 12, 2008
John
Williams, Bob Chapman & Chris Waltzek
- July 5, 2008
Kevin
Kerr, Bob Chapman & Chris Waltzek -
June 28, 2008
Peter
Schiff, Bob Chapman & Chris Waltzek
- June 21, 2008
Peter
Eliades, Bob Chapman & Chris Waltzek
- June 14, 2008
Peter
Grandich, Bob Chapman & Chris Waltzek
- June 7, 2008
Lou
Dobbs, Peter Spina, Harry S. Dent, Bob Chapman &
Chris Waltzek(Encore Show) - May 31, 2008
Peter
Grandich, Bob Chapman & Chris Waltzek
- May 24, 2008
Monty
Guild, Bob Chapman & Chris Waltzek -
May 17, 2008
Puru
Saxena, Bob Chapman & Chris Waltzek
- May 10, 2008
Bruce
Bragagnolo, Louis Navellier, Bob Chapman & Chris
Waltzek - May 3, 2008
Jim
Sinclair, Bob Chapman & Chris Waltzek
- April 26, 2008
Bill
Fleckenstein, Bob Chapman & Chris Waltzek
- April 19, 2008
Congressman
Ron Paul, Bob Chapman & Chris Waltzek
- April 12, 2008
Bill
Murphy, Byron King, Bob Chapman & Chris Waltzek
- April 5, 2008
Jim
Rogers , CEO Randal Hardy, Bob Chapman & Chris
Waltzek - March 29, 2008
Puru
Saxena, CEO Bill Reid, Bob Chapman & Chris Waltzek
- March 22, 2008
Kal
Gronvall, Bob Chapman, Robert Ian & Chris Waltzek
- March 15, 2008
Pat
Gorman, Peter Schiff, & Chris Waltzek
- March 8, 2008
(Encore)
Ron Paul, Jim Sinclair & Chris Waltzek
- March 1, 2008
Kevin
Kerr, Bob Chapman & Chris Waltzek -
February 23, 2008
Dr.
Ron Paul, Bob Chapman & Chris Waltzek
- February 16, 2008
John
Williams, Bob Chapman & Chris Waltzek
- February 9, 2008
James
Turk, Bob Chapman & Chris Waltzek -
February 2, 2008
Dr.
David Clarke, Bob Chapman & Chris Waltzek
- January 26, 2008
Lou
Dobbs, Bob Chapman & Chris Waltzek -
January 19, 2008
Puru
Saxena, Bob Chapman & Chris Waltzek
- January 12, 2008
Mogambo
Guru, Bob Chapman & Chris Waltzek -
January 5, 2008
2007
Archives:
G.
Edward Griffin, Bob Chapman & Chris Waltzek
- December 29, 2007
James
Puplava , Bob Chapman & Chris Waltzek
- December 22, 2007
Harry
S. Dent Jr, Bob Chapman & Chris Waltzek
- December 15, 2007
Joel
Skousen, Bob Chapman & Chris Waltzek
- December 8, 2007
Senator
Nancy Schaefer, The Aden Sisters, Bob Chapman &
Chris Waltzek - December 1, 2007
Bernard
von NotHaus, Bob Chapman & Chris Waltzek
- November 24, 2007
Puru Saxena,
Bob Chapman & Chris Waltzek - November
17, 2007
Jim Rogers, Robert Ian,
Warren Buffet, Bob Chapman & Chris Waltzek
- November 10, 2007
Bob Hoye, Warren Buffet,
Bob Chapman & Chris Waltzek - November
3, 2007
Bill Reid, Axel Merk,
Robert Ian, Bob Chapman & Chris Waltzek
- October 27, 2007
Peter Schiff, Bob Chapman
Chris Waltzek - October 20, 2007
Gary Snodgrass, Chris
Mayer, Bob Chapman Chris Waltzek - October
13, 2007
Bill Murphy, Robert
Ian, Justice Litle, Jack Chan, ZGB, Bob Chapman
Chris Waltzek - October 6, 2007
Congressman Ron Paul, Bob Chapman
& Chris Waltzek - September 29, 2007
Peter Grandich, Bob Chapman
& Chris Waltzek - September 22, 2007
Jim Sinclair, Bob Chapman
& Chris Waltzek - September 15, 2007
John Williams, Bob Chapman
& Chris Waltzek - September 8, 2007
Puru Saxena, Bob Chapman &
Chris Waltzek - September 1, 2007
Peter Eliades, Bob Chapman
& Chris Waltzek - August 25, 2007
Peter Schiff, Bob Chapman
& Chris Waltzek - August 18, 2007
Lindsey Williams, Bob Chapman
& Chris Waltzek - August 11, 2007
Ross Hansen, Bob Chapman &
Chris Waltzek - August 4, 2007
Justice Litle, Jim Willie,
Bob Chapman & Chris Waltzek - July 28, 2007
Andre Eggelletion, Bill Murphy,
Bob Chapman & Chris Waltzek - July 21, 2007
Sara Nunnally, Bob Chapman &
Chris Waltzek - July 14, 2007
Kevin Kerr, Bob Chapman &
Chris Waltzek - July 7, 2007
Mike Larson, Bob Chapman &
Chris Waltzek - June 30, 2007
Ross Hansen, Bob Chapman &
Chris Waltzek - June 23, 2007
John Perkins, Bob Chapman
& Chris Waltzek - June 16, 2007
Catherine Austin Fitts,
Franklin Sanders, Bob Chapman & Chris Waltzek
- June 9, 2007
Sara Nunnally, Bob Chapman &
Chris Waltzek - June 2, 2007
Kevin Kerr, Bob Chapman &
Chris Waltzek - May 26, 2007
Monty Guild, Bob Chapman &
Chris Waltzek - May 19, 2007
Ross Hansen, Puru Saxena,
Bob Chapman & Chris Waltzek - May 12, 2007
Chris Waltzek & Greg McCoach
- May 5, 2007
Chris Waltzek, Peter Schiff
& Justice Litle - April 28, 2007
Chris Waltzek, Bob Chapman,
Jim Rogers, Jack Chan & Zapata George Blake
- April 21, 2007
Chris Waltzek, Bob Chapman,
Harry Schultz, Ellen Augustine, Antonia Juhasz,
Jim Cramer - April 14, 2007
Dr. Peter Navarro, Bob Chapman
& Chris Waltzek - April 7, 2007
Axel Merk, Bob Chapman &
Chris Waltzek - March 31, 2007
Puru Saxena, Justice Litle,
Gary Kaltbaum, Bob Chapman & Chris Waltzek
- March 24, 2007
Jim Puplava, Jack Chan, George
Zapata Blake, Bob Chapman & Chris Waltzek
- March 17, 2007
Arch Crawford, Jack Singer,
Gary Kaltbaum, Bob Chapman & Chris Waltzek
- March 10, 2007
Dan Norcini, Justice Litle,
George Blake, Jack Chan, Bob Chapman & Chris
Waltzek - March 3, 2007
Sara Nunnally, John Perkins,
Bob Chapman & Chris Waltzek - February 24,
2007
Yannis Mostrous,Congressman
Dr. Ron Paul, Jonathan Honig, Bob Chapman &
Chris Waltzek - February 17, 2007
Congressman Dr. Ron Paul,
Bob Chapman & Chris Waltzek - February 10,
2007
Jim Rogers, Dr. Marc
Faber,
Arch Crawford, Jim Letourneau,
Bob Chapman & Chris Waltzek - February 3,
2007
J.H. Kunstler, Jack
Chan, Gary Kaltbaum, Bob Chapman & Chris Waltzek
- January 27, 2007
Dan Solin, Peter Grandich,
Jack Singer, Jack Chan, Bob Chapman & Chris
Waltzek - January 20, 2007
Richard Daughty, Bob Chapman
& Chris Waltzek - January 13, 2007
Kal Gronvall, Bob Chapman
& Chris Waltzek - January 6, 2007
2006 Archives:
Sara Nunnally, Steven
B. Lord & Bob Chapman - December 30th, 2006
Bernard Von NotHaus
& Bob Chapman - December 23rd, 2006
Peter Tertzakian &
Bob Chapman - December 16th, 2006
Dennis Gartman &
Bob Chapman - December 9th, 2006
Andre Eggelletion & Bob
Chapman - December 2nd, 2006
Greg McCoach & Bob
Chapman - November 25th, 2006
Jeff Siegel &
Bob Chapman - November 18th, 2006
Steven B. Lord & Bob
Chapman - November 11th, 2006
Peter Spina, Todd Schoenberger,
Chris Mayer, Mike Johnson - November 4th, 2006
Bill Murphy & Bob Chapman
- October 28th, 2006
Dr. Marc Faber & Bob
Chapman - October 21st, 2006
Peter Eliades & Bob
Chapman - October 14th, 2006
Brian Pretti, The Contrary
Investor & Bob Chapman - October 7th, 2006
Richard Daughty THE MOGAMBO
GURU & Bob Chapman - September 30th, 2006
Jim Rogers, Arch Crawford,
Jim Letourneau & Bob Chapman - September
24th, 2006
Bob Chapman, Jonathan Honig,
Gary Kaltbaum, Jack Chan & Peter Grandich
- September 16th, 2006
Joe Granville, Kal
Gronvall, Bob Chapman, Gary Kaltbaum & Jack
Chan - September 9th, 2006
Jay Taylor, Chris
Mayer, Bob Chapman, Gary Kaltbaum & Jack Chan
- September 2nd, 2006
Arch Crawford, Bob Chapman,
Gary Kaltbaum & Jack Chan - August 26, 2006
Peter Schiff,
Justice Litle, Jack Chan, Bob Chapman & Gary
Kaltbaum - August 19, 2006
John Loeffler, Gary Kaltbaum
& Bob Chapman - August 12, 2006
Chris Powell,
Karl Gronvall, Gary Kaltbaum & Bob Chapman
- August 5, 2006
Dr. Leeb, David Bond,
Bob Chapman, Jack Chan & Gary Kaltbaum -
July 28, 2006
Paul Van Eeden, Bob Chapman
plus more - July 22, 2006
Tim Wood, Bob Chapman plus
more - July 15, 2006
Doug Casey & The Gold Wizards
- July 8, 2006
Pamela Aden,
David Garofalo & The Gold Wizards - July
1, 2006
James Turk, Bob Moriarty
& The Gold Wizards - June 24, 2006
The Mogambo Guru,
Dr. Roger Tutterow & George-Whitehurst-Berry
- June 17, 2006
G. Edward Griffin,
Kal Gronvall, Gary Kaltbaum, Bob Chapman and Jack
Chan - June 10, 2006
Richard
Russell, Ron Brown & Trading Wizards - June
03, 2006
Jason
Hommel, Gary Stroik, Bob Chapman, Gary Kaltbaum
& Jack Chan - May 27, 2006
Tom
Udall, Gary Stroik, Bob Chapman, Gary Kaltbaum &
Jack Chan - May 20, 2006
Bill Murphy
& Michael Covel - May 13, 2006
Jim Sinclair - May
06, 2006
Richard Daughty, The Mogambo
Guru - April 28, 2006
Catherine Austin
Fitts - April 22, 2006
Mark Leibovit - April
15, 2006
Addison Wiggin -
April 8, 2006
Dr. Ron Paul - April 1,
2006
Bob Chapman - March 25,
2006
Dr. Marc Faber
- March 18, 2006
John Rubino &
David Coffin - March 11, 2006
Julian Phillips
& Gary Kaltbaum - March 4, 2006
Steve Forbes
& Dr. Van K. Tharp - February 25, 2006
Bob Chapman
& Jack Chan - February 18, 2006
Jim Willie,
Roland Watson & David Morgan - February
11, 2006
David Morgan
Jim Rogers
James Turk
Dr. Marc Faber
Bill Murphy
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