This is the nineteenth installment in a series of chapter summaries from G. Edward Griffin’s must-read book The Creature From Jekyll Island. This book may be the most important “red pill” available and we highly recommend that you read the full book. Buy it today at RealityZone.
G. Edward Griffin
Chapter 19 Summary: Greenbacks and Other Crimes
It is now time to leave this tragic episode and move along. So let us summarize. America’s bloodiest and most devastating war was fought, not over the issue of freedom versus slavery, but because of clashing economic interests. At the heart of this conflict were questions of legalized plunder, banking monopolies, and even European territorial expansion into Latin America. The boot print of the Rothschild formula is unmistakable across the graves of American soldiers on both sides.
In the North, neither greenbacks, taxes nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.
The issuance of the Emancipation Proclamation by Lincoln and the naval asistance offered by Tsar Alexander, II were largely responsible for keeping England and France from intervening in the war on the side of the Confederacy. Linconln was assassinated by a member of the Knights of teh Golden Circle, a secret society with rumored ties to American politicians and British financiers. Tsar Alexander was assassinated a few years later by a member of the People’s Will, a Nihilist secret society in Russia with rumored ties to financiers in New York City, specifically, Jacob Schiff and the firm of Kuhn, Loeb & Company.
As for the Creature of central banking, there had been some victories and some defeats. The greenbacks had for a while deprived the bankers of their override on a small portion of government debt, but the National Banking Act quickly put a stop to that. Furthermore, by using government bonds as backing for the money supply, it locked the nation into perpetual debt. The foundation was firmly in place, but the ultimate structure still needed to be erected. The monetary system was yet to be concentrated into one central-bank mechanism, and the control was yet to be taken away from the politicians and placed into the hands of the bankers themselves.
It was time for the Creature to visit Congress.
Get the book for yourself or for others you want to wake up. It reads like a mystery novel and is filled with colorful metaphors that make the seemingly complex world of banking very easy to comprehend. Visit RealityZone for your copy today. Summary is re-printed with permission from G. Edward Griffin.
See other parts below:
PART 1: The Journey to Jekyll Island
PART 2: The Name of the Game is Bailout
PART 3: Protectors of the Public
PART 4: Home, Sweet Loan
PART 5: Nearer to the Heart’s Desire
PART 6: Building the New World Order
PART 7: The Barbaric Metal
PART 8: Fool’s Gold
PART 9: The Secret Science
PART 10: The Mandrake Mechanism
PART 11: The Rothschild Formula
PART 12: Sink the Lusitania!
PART 13: Masquerade in Moscow
PART 14: The Best Enemy Money Can Buy
PART 15: The Lost Treasure Map
PART 16: The Creature Comes to America
PART 17: A Den of Vipers
PART 18: Loaves and Fishes and Civil War