G. Edward Griffin – Understanding The Federal Reserve

Categories: Finance & Economics, Law, Government, & Military
G. Edward Griffin

G. Edward Griffin

We hear economists and politicians talk about the Federal Reserve everyday, but it remains shrouded in mystery. How was the Federal Reserve formed, what do they actually do, and how do they impact our country’s prosperity, inflation, deflation and overall debt? Originally a guest for our show on aerosol geoengineering, G. Edward Griffin returns to discuss his legendary book The Creature from Jekyll Island: A Second Look at the Federal Reserve. G. Edward Griffin has written many books and produced many documentaries about government, legal, and financial systems. In this interview, we take a hard look at the Fed and explore whether it is working at cross purposes to freedom, prosperity, and liberty. Join us as G. Edward Griffin unveils the origin and the reality of the Federal Reserve.

7 comments… add one
  • kelly Jan 28, 2011 @ 20:39

    Thanks for this interview. Its a good primer but there appears to be SO much more info to learn. People should be very concerned. You may want to view these videos too. It seems like people on the left and right have identified the Fed as the problem and abolishing it is the solution. Thats where they part company. Some want large govt, some want small, some want gold standard some say not. Whats the right answer?

    Money, Banking and the Federal Reserve (40 mins)
    http://www.youtube.com/watch?v=iYZM58dulPE&feature=related

    The money masters – 22 parts(2+ hours) Long history of central banking around the world.
    http://www.youtube.com/watch?v=lXb-LrVkuwM

  • Robin Datta Jan 28, 2011 @ 22:55

    The primary economy is what Nature gives us: sunshine, arable land, wind, water resources, flora & fauna (edible plants, stands of timber, earthworms, honeybees, goats, sheep, oxen, horses, etc.). Included in this are the energy resources derived from them – from wind, sunshine, muscle power (draft animals and humans, fossil fuels).

    The secondary economy includes the processes of directing energy streams to convert items from the primary ecnomy into useful items for humans, viz. food, clothing, shelter, etc., and the finished products of such corversion. An example would be the conversion of timber into a chair. The energy streams can be directed through hand tools or power tools. The skillful direction of such energy streams constitute services in the secondary economy. The finished products also includes infrastructure such as dams, birdges, roads. levees, buildings, factories, etc. Thus a chair or a house embodies elements of the primary economy and the services of the secondary economy.

    The tertiary economy is the issuance and management / manipulation of symbols that are purported to represent values or items in the primary and secondary economies. Such symbols can include cowrie shells, livestock, stored grain, wampum, disks of metal – precious or otherwise (coins), pieces of paper with green pictures of dead presidents, pixels on a computer display, magnetized rust particles on a hard drive. etc. The services involved in the management / manipulation of the symbols (e.g. loan officer) are part of the tertiary economy in contrast to the services of the secondary economy (e.g. a carpenter). The tertiary economy also includes symbols of symbols – such as certificates of deposit, and symbols of symbols of symbols – such as collateralized debt obligations and so on.

    All those symbols ultimately imply a promise of their redemption at some future time in values / items in the primary and secondary economies. Coercion by the state to use only its sanctioned symbols allows the diabolical manipulation of those symbols to be foisted on the public. The Federal Reserve is a part of the mechasism of that coercion.

  • Robert Jan 29, 2011 @ 11:41

    We the people are always in bigger numbers then those in power .If those in power go too far,the people revolt and then all the power in the world can’t help them. Look what is going on in Egypte just now. Do not think it can’t happen in the USA or EU. If you can’t feed your family and think those in Power are the reason you lose it.

    Have a talk with Gerald Celente publisher of the Trends Journal

    Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012
    http://www.infowars.com/celente-predicts-revolution-food-riots-tax-rebellions-by-2012/

    greetings

  • Robert Jan 29, 2011 @ 14:44

    Gerald Celente on RT 28 Jan 2011.flv
    http://www.youtube.com/watch?v=o18N8L2fFjY

  • Robin Datta Jan 29, 2011 @ 23:53

    The most valuable possession of the farmers on the state farm is the human livestock. The human livestock, unlike animal livestock is self-policing. When any member of the herd strays from the guidelines set by the state farmers, the rest of the herd gangs up against that individual. Even when the herd rebels, they have no intention of doing away with the state: they are content if a different set of members of the farming family occupies the offices. To see statism for what it is , is to morally reject the farm. But the state’s indoctrination runs so deep that anarchy – eliminating the farm – is dreaded by the human livestock.

  • Sidney Smith Jun 27, 2012 @ 16:58

    The expressed abrogation of all legislation that did not arise under U.S. Constitution after 1859, 13th Amendment, 14th Amendment, Organic of 1871 that incorporated the all the states of the Union Inc. and the United States of America Inc., Federal Reserve Act, 16th Amendment, 1933 United States Inc. Bankruptcy, United States Treaty with the United Nations in1945,
    Supreme ruling in Farmers Union Bank foreclosure cases June 03, 1993, National Economic Sercurity And Reformation, the Fedral Reserve will be taken over by the United States Department Treasury this just a few remedys the best kept secret in the United States of America Inc.. Submitted to Congress and enrolled and signed March 09, 2000, and signed into Law by President Clinton Oct. 10, 2000,
    Thank You,
    Sidney Smith,

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