Scribd
Upload
125 views3 pages

The Creature From Jekyll Island Summary

The document provides chapter summaries of 'The Creature from Jekyll Island,' detailing the origins and implications of the Federal Reserve. It argues that the Federal Reserve primarily serves private banking interests while socializing losses, and discusses historical and political dynamics surrounding central banking. The author calls for public awareness and reforms to decentralize financial power and promote accountability.

Uploaded by

ssumitpp1122
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
125 views3 pages

The Creature From Jekyll Island Summary

The document provides chapter summaries of 'The Creature from Jekyll Island,' detailing the origins and implications of the Federal Reserve. It argues that the Federal Reserve primarily serves private banking interests while socializing losses, and discusses historical and political dynamics surrounding central banking. The author calls for public awareness and reforms to decentralize financial power and promote accountability.

Uploaded by

ssumitpp1122
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

The Creature from Jekyll Island: Chapter Summaries

Chapter 1: The Journey to Jekyll Island

This chapter sets the historical context, introducing how influential bankers secretly met at Jekyll

Island in 1910 to draft a proposal that would eventually become the Federal Reserve Act.

Chapter 2: The Name of the Game is Bailout

Griffin explores the idea that the Federal Reserve was created to shield banks from their own

failures, effectively socializing losses while privatizing profits.

Chapter 3: Protectors of the Public

This chapter argues that the Federal Reserve is portrayed as a public institution but primarily serves

private banking interests, influencing monetary policy for the benefit of a few.

Chapter 4: The Creature Swallows Congress

Griffin discusses how the Federal Reserve Act was passed in Congress under questionable

circumstances, with strategies to avoid scrutiny and opposition.

Chapter 5: Nearer to the Heart's Desire

Exploring the origins of central banking in the U.S., this chapter argues that control over currency

issuance has always been a point of struggle between public and private interests.

Chapter 6: Building the New World Order

Griffin presents the idea that the Federal Reserve is part of a larger plan to centralize economic

control globally, hinting at a 'new world order' controlled by financial elites.

Chapter 7: The Mandrake Mechanism

This section explains fractional-reserve banking, where banks can lend more money than they have

on deposit, and how the Federal Reserve's policies enable this.


Chapter 8: The Rothschild Formula

Griffin describes how financiers have historically profited from financing wars and conflict,

implicating central banks in global political dynamics.

Chapter 9: Competition is a Sin

Griffin posits that the Federal Reserve was established to protect the banking elite from competition

and challenges to their power.

Chapter 10: A Tale of Three Banks

This chapter explores historical precedents of central banking in America, focusing on the First and

Second Banks of the United States, which were abolished due to concerns about concentrated

power.

Chapter 11: The River of Power

Griffin highlights the alliances between financial institutions and political power, arguing that the

Federal Reserve's influence extends well beyond banking.

Chapter 12: Sink the Lusitania!

In a historical analysis, Griffin ties the sinking of the Lusitania in 1915 to motivations for the U.S.

entering World War I, suggesting that financial interests may have played a role.

Chapter 13: Masquerade in Moscow

This chapter delves into the relationship between Western banks and the Soviet Union, suggesting

that both capitalist and communist states have relied on the same financial structures.

Chapter 14: The Best Enemies Money Can Buy

Griffin argues that financial elites often support both sides of major conflicts, creating 'controlled

opposition' to ensure power and profits.

Chapter 15: The Lost Treasure Map


Griffin explores how the Federal Reserve influences currency value and inflation, affecting the real

wealth and purchasing power of the public.

Chapter 16: A Pessimistic Scenario

The author speculates on a future where unchecked central banking leads to economic crises,

hyperinflation, and loss of personal wealth.

Chapter 17: A Realistic Scenario

This chapter outlines possible alternatives to the current financial system, advocating for more

transparency, accountability, and a return to asset-backed currency.

Chapter 18: The Task Ahead

Griffin calls for a broader public understanding of the Federal Reserve's influence, urging for reforms

to decentralize financial power and promote sound money practices.

You might also like