The Creature from Jekyll Island: A Second Look at the Federal Reserve

Author: G. Edward Griffin
This Year Hacker News 2
This Month Reddit 4


by recursivedoubts   2022-08-20
by rglover   2021-10-30
You have a lot to learn.

by citizenpaul   2021-10-22
Yes. People getting paid fairly don't need ridiculously unreasonable loan conditions to buy a house.

The fact that you are bringing up stocks as compensation says a great deal.

Cool so I can have healthcare while I starve naked on the street cause I can't pay for food,clothing or housing with my insurance card.

FRED... oh man. You mean the private business that was created specificity to rob every person in the united states says nothing is wrong. In fact it is great? Cool....

Read If you really want to know what is going on.

by totopsgr   2019-07-21

by Crzy_Victoriouz   2019-07-21

Your a damn fool. Believe what you want to believe.


I bet this is your source. Right. Like these people owe your simpleton pothead ass an explanation? lol


Read this book you jack ass!

Wake up! your in dream land.

by [deleted]   2019-07-21

Nope, there's not. The money you have in your wallet is someone else's IOU. If all debts were paid back currency would cease to exist.

It's a complicated concept, but basically the banks are allowed to create money any time they issue a loan. The idea is summed up well by Robert Hemphill, a former credit manager of the Federal Reserve.

>If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is.3

You can read more about this in The Creature from Jekyll Island by Edward Griffin

by goldenkey   2017-08-20
Please dont post affiliate links on HN, especially shortlinks intended to hide the actual tagged URL. You won't go far here doing so.

Untracked URL:

by nateabele   2017-08-19
> They're not really growth curves, the curves show relative growth rates. Not quite the same thing.

An exponential growth curve is an exponential growth curve, irrespective of what it measures. Thanks anyway for the pedantry.

> And if you think some central mechanism has gone horribly awry, what central mechanisms changed around 1980?

In 1974, the US dollar switched from being a store of value to a store of debt: