Thursday, October 1, 2009

THE CREATURE FROM JECKYLL ISLAND


G. Edward Griffin's book "The Creature From Jeckyll Island" is not about monsters oozing from the slime, but about another type of slimy monster: The Federal Reserve System.


In 1910, Seven very wealthy and powerfull individuals from Wall Street banks were secreted in a private railway car and then ferried to Jeckyll Island off the coast of Georgia, where they met and conceived the framework for this central bank and how to get it passed into lawful existence.



The "money trust" was on the minds of all in those days, a time of bank runs and bank failures brought attention to the concentrated wealth of the big Wall Street bankers and their stranglehold on banking and commerce. According to Griffin, these 7 men represented 1/4th of the wealth of the whole world.


Why was the secrecy necessary even to the point of referring to one another by first names or code names to keep the service people in the dark as to their identities?

They denied the meeting at the time and only a time after the Federal Reserve System legislation was passed in 1913, did they admit to the meeting.


They were the foxes in the hen house. The proposed and later passed legislation was supposed to break up the power of the "money trust". Senator Nelson Aldrich (grandfather of Nelson Rockefeller) for example was a member of the 7 and the chairman of the Senate National Monetary Commission formed to advise on banking reform. So we had these key members of the "money trust" forming a cabal of bankers to supposedly end the concentration of power and wealth among the Wall Streeters.


To appease those who were still concerned about the 'money trust", they added the 11 later 12 Federal Reserve banks in major cities across America whose chairmen were selected by the main bank. They made in at quasi- government agency by having the U.S. president appoint the chairman and have the Fed chairman testify before congress periodically.


Secrecy and control have always been apart of the Fed. No one including the president or congress knows what happens behind this secrecy cloak, where the money is , who the owners are, where the gold is and what is done with it.


Attention has been focused on the cabal based organization, mostly because of the public's money given to the large wall street banks by the Fed.


Rep. Ron Paul has been the driving force to peel back the secrecy with a bill

to authorize an audit . The bill has 195 sponsors, but is currently held in committee

by Rep. Barney Frank.


See: Safehaven.com 9.28.09 "The Real Reason Behind the

Fed Secrecy" by Ron Paul

Dr.Paul states:

". . . It has been argued that full disclosure of details of funding facilities like TALF and PDCF that enabled massive bailouts of Wall Street would damage the financial position of those firms and destabilize the economy. In other words, if the American people knew how rotten the books were at those banks and how terribly they messed up, they would never willingly invest in them, and they would fail. Failure is not an option for friends of the Fed. Therefore, the funds must be stolen from the people in the dark of night. This is not how a free country works. This is not how free markets work. That is crony corporatism and instead of being a force for economic stabilization, it totally undermines it.

If the Fed gave its actual arguments against a full audit, they would not have mentioned anything about political independence or economic stability. Instead they would admit they don't want to be audited because they enjoy their current situation too much. Under the guise of currency control, they are able to help out powerful allies on Wall Street, in exchange for lucrative jobs or who-knows-what favors later on. An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law. An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money. An honest and full accounting of how the money system really works in this country would mean there is not much of a chance the American people would stand for it anymore."

Dr. Paul has written several articles and books [ most recently "End the Fed" proposing to abolish the Fed, both because it is corrupt and the handmaiden of currency inflation.

The Hatman agrees. Abolish the Fed!


With Love and Kindness,

THE HATMAN

No comments:

Post a Comment