The Federal Reserve as told by Wealth Masters CEO, Kip Herriage
THE INVISIBLE HAND
By Kip Herriage
It’s not the name of a horror film, but the story – all true – is orders of magnitude more frightening. I’m talking about The Creature from Jekyll Island, now in its fifth updated edition, by noted scholar, researcher and documentary filmmaker, as well as a dear friend, G. Edward Griffin. It’s a thick book and, between the sensational passages about the real historical figures involved, not exactly “light reading” due to Griffin’s meticulous notes and supporting documentation. But it’s an absolute must-read for anyone who wants to know the whole, true story behind the modern central banking system and how it directly impacts our lives.
The “creature” Griffin refers to in his book title is the secretive creation known as the Federal Reserve System, and Jekyll Island is a real place on the coast of Georgia, roughly halfway between Savannah to the north and Jacksonville, Florida to the south. The first thing you should know about the “Federal Reserve” is that it is not now, nor has it ever been a part of the government of the United States. It is privately owned and, due to the ingenuity and stealth of its creators, is in no way officially accountable to any real government authority. As a result, it’s just as “federal” as Federal Express, although dramatically less reliable. And while we’re on the topic of misnomers, you should also know that the Federal Reserve System has no real reserves, and in fact, is responsible for the recklessly loose fractional reserve lending standards that have made the collapse of our banking, currency and credit systems virtually inevitable. And of course we have the FED to thank for the US dollar’s 95% collapse in value since the Federal Reserve Act was passed in1913. This “currency inflation” is destroying our middle class, yet none of this well-researched truth is taught in our schools or universities. Makes you wonder just a bit, doesn’t it? The FED is not Federal and there are no Reserves!
Griffin points out that many crucial conflicts between our nation’s founding fathers (largely forgotten or ignored by today’s talking heads) had to do with the insidious, unchecked power of central banks to undermine our constitutional freedoms and protections. As you can easily discover for yourself, it’s clearly documented that powerful outside interests made numerous overt and covert attempts to allow central banking to infiltrate the United States, against the protests of those who knew better. The visionary Thomas Jefferson said it best; “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Although he didn’t actually word it this succinctly, the official marketing policy of Adolph Hitler’s National Socialist Worker’s Party was in essence that “…the bigger the lie, the more people will believe it.” The bankers at the secret Jekyll Island gathering, unquestionably among the world’s most intelligent and successful businessmen in their day, also knew this. What better way to disguise a privately controlled enterprise designed to circumvent economic checks and balances than to name it after (and thereby neutralize) your most dangerous opponent – the institutions representing the American people? When the powerbrokers behind the largest private banks got word through their moles and toadies that tough legislation was about to be passed to restrict their powers, they graciously volunteered to draft the language themselves, in secret, which was then hand-carried through the halls of congress and quietly adopted as the law of the land. That’s what happened at Jekyll Island and that’s why, to this day, the FED – the all-powerful private central bank our founding fathers tried to avoid – has never been audited. What’s in a name? Everything.
Tags: Crashproof Prosperity, Creature from Jekyll Island, kip herriage, Wealth Masters, wmi
