The Creature from Jekyll Island: A Second Look at the Federal Reserve by G Edward Griffin

Author:G Edward Griffin [Griffin, G Edward]
Language: eng
Format: azw3, epub
Tags: Political
ISBN: 9780912986463
Publisher: American Media, Inc.
Published: 1994-07-03T16:00:00+00:00

Fifth Reason To Abolish The System

There are few historians who would challenge the fact that the funding of World War I, World War II, the Korean War, and the Vietnam War was accomplished by the Mandrake Mechanism through the Federal Reserve System. An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have been greatly reduced in severity, or perhaps not even fought at all, without fiat money. It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.

One can argue the necessity, or at least the inevitability, of fiat money in time of war as a means of raw survival. That is the primal instinct of both individuals and governments, all other considera­tions aside. We shall leave that for the philosophers. But there can be no debate over the fact that fiat money in time of peace has no such justification. Furthermore, the ability of governments and banking institutions to use fiat money to fund the wars of other nations is a powerful temptation for them to become embroiled in those wars for personal profit, political advancement, or other reasons which fall far short of a moral justification for bloodshed.

The Federal Reserve System has always served that function. The on-going strategy of building up the military capabilities of America's potential enemies leaves us no reason to believe we have seen the last of war. Therefore, it is not an exaggeration to say that the Federal Reserve System encourages war. There can be no better reason for the Creature to be put to sleep.

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