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The Creature from Jekyll Island

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Title: The Creature from Jekyll Island
by G. Edward Griffin
ISBN: 0-912986-40-9
Publisher: American Media
Pub. Date: June, 2002
Format: Hardcover
List Price(USD): $36.00
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Average Customer Rating: 4.6 (5 reviews)

Customer Reviews

Rating: 5
Summary: Must, MUST read.
Comment: Think you know anything about the dollar bills in your wallet?
Think you know who runs this country?
Think that we live in a "free market" economy?

Think again.

Griffin piles up facts and analyzes them with relentless, cold logic. The picture he paints isn't pretty. The Federal Reserve System is a legal cartel expressly designed to create riskless profits for member banks, while simultaneously turning our entire financial system into the legal and moral equivalent of a Las Vegas casino. Yeah, you might get lucky for a while, but the house will always win. Our monetary system is a pyramid scheme that only functions as long as debt is being created at an accelerating rate.

This all sounds crazy, but Griffin has the facts to back it up. The challenging part about Griffin's arguments is that he explicitly states that the foundation and perpetuation of the Federal Reserve System was a conspiracy. Whenever the "C"-word is mentioned, it is an unfortunate truth that many people get turned off. But as Griffith himself says, if a group of people, operating in secret, create a system that explicitly benefits themselves at the expense of others, what else can you call it but conspiracy? Heck, I guess you could call it a "peanut" or a "canteloupe" but it would still add up to the same thing--a system expressly designed to reward failure and punish diligence and honesty. Kinda explains all the crookedness and incompetence behind all the wall street and corporate shenanigans of the last decade, doesn't it?

And if you keep an open mind and pay close attention to his arguments, you'll see that the best place to hide a conspiracy is in plain sight.

If you care about free markets, and your constitutional rights, you will read this book today.

Rating: 4
Summary: AN INDISPENSABLE READ
Comment: Griffin's "Jekyll Island" book was an education for me. He dispays the ability to bring together widely scattered data sources and present them clearly and (relatively) concisely. If you want some insights into how Governments create money and inject it into the economy, how the moneyed interests have driven US foreign policies for their personal gain, and how governments pay for their excesses through inflation and not taxation, this book is a must read. Griffin is apparently a believer in a variety of conspiracy theories, some which he expands on a length. I believe the book would have been better with these toned down, because there is a danger he may be classified by some as part of the conspiracy theory lunatic fringe, when in fact this book is an insightful account of the history of money, and a great source of factual information whether the reader accepts all of his conclusions or not.

Rating: 4
Summary: Great monetary lesson, shame about the politics
Comment: Everyone MUST read this book, especially Americans. This book shows how the US Federal Reserve manages the US currency, which is the reserve currency of the world. It shows that a shocking reality behind the smokescreen of big words and lofty speeches. The short answer is that the US dollar has a fatal flaw - it is not backed by Gold, and history shows this ALWAYS ends in tears. It is a huge lesson in how currencies work.
On the downside, Griffin reveals he has a big Right wing political bias. He talks of concerns about the enrivonment as based on "doubtful evidence". He talks of social welfare as though it was some form of economic terrorism. He naiively thinks that the UN will takeover the US if there is a world banking crisis, forgetting that the UN will dissappear much faster than US banks if that happens.
However, his political bias aside, this is a MUST READ book, especially the chapter on how money works. Don't be put off by the size - it is well written and an education on money sorely needed by the whole world.

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