Archive for August 2nd, 2012

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The Creature from Jekyll Island

August 2, 2012

Reality Check: Do We Really Need To Audit The Federal Reserve?

Ben Swann’s Reality Check takes a look at the history and present activities of the Federal Reserve Bank and whether the Fed needs to be audited.

Uploaded by BenSwannRealityCheck

*The Creature from Jekyll Island
(Free download)

Author G. Edward Griffin enrolled in the College for Financial Planning in Denver, Colorado, and became a Certified Financial Planner in 1989. He described the U.S. money system in his 1993 movie and 1994 book on the Federal Reserve System, The Creature from Jekyll Island. This popular book has been a business bestseller; it has been reprinted in Japanese, 2005, and German, 2006. The book also influenced Ron Paul during the writing of a chapter on money and the Federal Reserve in Paul’s New York Times number-one bestseller, The Revolution: A Manifesto, which recommended Griffin’s book on its “Reading List for a Free and Prosperous America”.

The title refers to the November 1910 meeting at Jekyll Island, Georgia, of seven bankers and economic policymakers, who represented the financial elite of the Western world. The meeting was recounted by Forbes founder B. C. Forbes in 1916, and recalled by participant Frank Vanderlip as “the actual conception of what eventually became the Federal Reserve System”. Griffin states that participant Paul Warburg describes the Jekyll Island meeting as “this most interesting conference concerning which Senator Aldrich pledged all participants to secrecy”.

Creative Commons license: Attribution-Noncommercial-No Derivative Works 3.0

Especially the chapter in this pdf: “The name of the game is bailout”, should be worthy of your scrutiny.

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The truth about Mitt Romney

August 2, 2012

US presidential candidate Mitt Romney has told an Israeli audience in Jerusalem that the United States has “a solemn duty and a moral imperative” to block Iran from achieving nuclear weapons capability.

Uploaded by jeraboo29

*The truth about Mitt Romney

“If you could learn anything from the economic history of the world, it’s this: Culture makes all the difference,” Romney said. “And as I come here and I look out over this city and consider the accomplishments of the people of this nation, I recognise the power of at least culture and a few other things.”…

…But a problem arises when rich and powerful men like Romney, or a rich and powerful country like the United States, start to invent stories that rationalise their wealth and power so that wealth and power are no longer the result of decision made in the political arena but instead the spooky and invisible hand of God.

And once a man, or a country, has the right of divine fiat, then anyone who opposes him, or that country, would logically also oppose God, and naturally anyone who opposes God isn’t worth respecting. It isn’t far to go before it’s fine to dehumanise the other. The poor deserve their poverty, the sick their sickness, the weak their weakness. As one of Podhoretz’s commentators said of the Palestinians: “They are a filthy people and deserve what they get.”

A focus on culture is preferable to Romney for another reason: He is a member of the American elite, a group that benefits greatly from the upward distribution of wealth and power, a state of economic affairs that was not an accident or the result of exceptional culture. Instead, it was the result of concrete decisions made consciously and carefully by members of the American elite, people who – like Romney – would prefer that non-members did not focus on those decisions but instead on how the elite is deserving of its wealth and power.

By John Stoehr

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