Review of "Fractional reserve banking requires endless bailouts from the public: Through the prism of G. Edward Griffin's The Creature from Jekyll Island"
From the Neo-Feudal Review, July 1, 2024
Your review of G. Edward Griffin's book is enlightening indeed , and I would also recommend my own recent U.S. history, "Our Country Then and Now," which provides additional detail on US monetary history from my 21-year tenure at the US Treasury Department. The book also covers my work with the American Monetary Institute and Congressman Dennis Kucinich leading to the introduction in Congress of the NEED Act of 2011. This would replace the Federal Reserve with an indigenous monetary system for the U.S., built on similar principles to the Greenbacks that provided a "peoples' currency" from the Civil War into the 20th century.
This is the book link: Here
I have also been writing on these themes on my Three Sages substack, particularly the interview with Jeff Brown. Here
In my book, I make a point that fractional reserve banking must always be viewed in conjunction with usury. Of course both practices extend far back in history, though we can trace their development from medieval Venice to Amsterdam to London and then to the Bank of England. Shakespeare captured what was going on perfectly in his "Merchant of Venice."
Later on, once Cecil Rhodes and Nathaniel Rothschild set out to "recover American for the British Empire," the door flew open to what I call the "Insurrection of 1913"; i.e., the Federal Reserve Act. The immediate purpose was to harness America's industrial might to be monetized for Britain and France to use in World War I to annihilate Germany. Germany at that time was the most advanced nation in Europe on all levels, including spiritually.
After this was done, and today's Anglo-American-Zionist Empire came into being, the U.S. lived off the war's bounty until the Bank of England crashed the world economy in 1929 in order to get back the gold it had shipped to the U.S. during the war. I describe how they did this in my book. Then it was off to the races for WWII and beyond, bringing us to the cusp of WWIII.
Anyway, it's all a fascinating and important study. For a startling account of the struggle in America between the Money Power led by Alexander Hamilton and democracy behind Jefferson, Madison, and Andrew Jackson, see former President Martin Van Buren's classic study, "Inquiry Into the Origin and Course of Political Parties in the United States," published in 1867 and available today. Here
The Money Power not only controls the Pro$titicians and Administrative bureaucrat$ in the Di$trict of Corruption. Also in their bag of tricks is the mass media of mind-control; along with the educational $ystem and virtually each and every major institution in our ruptured republic. To ever recover, America needs a truly public and accountable money system.
Yes, banning the bank created usury money is critical for restoring our sovereign power to issue debt-free, permanently circulating asset money and it should be the focus of our political activism. Money was orginated to pay debt, not to be a debt. To create it as debt is a vile anti-life perversion of the highest order. Once banned by every culture, usury is an extraordinarily efficient form of violence by which one can do the most damage with the least effort. Usury's psychological consequences creates monstors. We call them billionares.