While Alchemists have long dreamed of turning base metals into Gold, The owners of the Private Bank known as The Federal Reserve have achieved the ultimate magic trick of turning mere paper into gold. G. Edward Griffin, Author of The Creature from Jekyll Island exposes the fraud that is the FED, with a dire warning that the economic policies of the Federal Reserve Cartel will result in the total economic destruction of the American people who are being legally plundered by our collective illusion that the FED is a legitimate Government Agency.
Why did I name my magzaine "The Reporter from Jekyll Island"?
I do not live on Jekyll Island. I have never even visited Jekyll Island which is off the coastline of Georgia.
The name of this magazine is a play on the title of the masterful book by G. Edward Griffin called 'The Creature from Jekyll Island'.
I read the book early on, but am re-reading the 5th edition now. The creature in the title is the Federal Reserve.
Your comments/suggestions are welcomed at firstname.lastname@example.org.
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If you really care about economic justice, you should be aware of one of the worst (and least discussed) corporate welfare schemes in history. Below is a simple outline of the modern-day process:
1. The Federal Reserve prints money.
2. The Federal Reserve loans out this money to the biggest banks well below all consumer interest rates (currently at 0 percent).
3. Savings rates drop. (Banks don't want to pay your for your money when they can get money at 0 percent interest from the Fed.)
The banks invest this money however they see fit. In a practically risk-free scenario, they invest the money in treasury bonds (a loan to the government), which currently pay slightly more than 3 percent per year.
At this point, the money is injected into the economy. Since the supply of money has risen, inflation occurs.
The Federal Reserve is supporting and maintaining a system of finance capitalism that by the ‘rules’ of capitalism should have disappeared in 2008. Wall Street, with its outposts now circling the globe, claims its ‘due’ under the premise its system of savage capitalism—permanent displacement of labor, evisceration of restrictions on activities businesses can and cannot engage in, planet-wide shifting of business costs from capital to unaffiliated citizenries, effective takeover of governments and the systematic ‘harvesting’ of constituent value from institutions built in social contexts from social resources, now asks that the rules it has put forth not be applied to it. And the Federal Reserve is the central entity keeping this system alive and intact as a permanent ward of its victims: we, the people.
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