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where
and this is
money has been going is to acquire control over these groups and
institutions
by buying up influence and control over the people
who run them that means that they're buying up
politicians political parties
television networks cable networks
newspapers magazines publishing houses
wire services motion picture studios universities labor unions church
organizations trade associations tax-exempt foundations
multinational corporations Boy Scouts Girl Scout
you name it any group any institution which exercises
influence has been a target for control
and they have a lot of money to spend to acquire
that control
warning you are about to enter the realities of
a place where crude is stranger than fiction
where knowledge is keen where Mitt are shattered
and deceptions Expo year it's a place where the lessons of history are found
and we're cool I but ventures reveal the hidden make your man well if you proceed
you will not be able to return to the twilight zone from which you came in
you have five seconds remaining to escape in
the on
welcome to the realities own I'm at Griffin
the program we're about to hear is taken from a recording
a presentation I made shortly after the publication of my book
the creature from Jekyll Island a second look at the Federal Reserve
it's embarrassing for me to have one on my own work says the very
first program and the audio archive series but the reason we're doing that
is because
at the conclusion that the book I heard my readers to join the growing crusade
to abolish the Fed
I said that they contacted me i would tell them about the tools they could use
to help spread the word
and become more effective in the battle well
much to my surprise and delight thousands of them actually accepted my
invitation
and they did write to me in volunteered for the crusade
but the embarrassing part was that I didn't have materials to keep my end of
the bargain
the bottom line is that we couldn't wait any longer to get this program into
production
because it's my hope that it will help to fill that void
and so here it is as recorded live in Los Angeles California
on November 18 1994 my presentation on the Federal Reserve
the creature from Jekyll Island go
go
thank you honey and thank you ladies and gentleman
are learning how to tell you I think I like the short introduction better
yet I get there is a lot of traffic out there tonight
so we're getting started quite late I think I dispense with the usual jokes
and all the preliminary remarks to jump right into the topic
and to try and give it some kind of historical perspective I'd like to go
back
to the 1st century BC to a tiny
kingdom called reggie I it wasn't ready and that their
was a philosopher by the name of that dictated
and was at the pages said appearances are four kinds
things cedar are as they appear to be or they need ur
are nor appear to be why they are but do not appear to be
far they are not and yet appeared to be have a quiz on that
when I read that statement
I was sure at that the cages were alive today
he probably would be a harvard professor of banking and economics
it because it doesn't that sound like the kind of explanations that we get
when you read through the Federal Reserve bulletins
trying to tell you what the money aggregates are in that kind of thing it
was epic aidid
when he took a relatively simple concept by the time he was here explaining it
we didn't have any idea what he was talking about and this
is so commonly done today by the experts nevertheless
I thought that his statement but pretty good because it provided as well
a track to run on kind about being for this presentation
because you know if there's anything in the world that is an apparent
which is this evening it is the Federal Reserve System
in fact it is one of those appearances for the fourth time
which I'm sure you all remember where those appearances which
are not and yet appeared to be
so I'd like to use that as my team
for this topic and come back to it now and then
during the progress of this presentation if I remember to do that
and use it as a punctuation point here and there
and as a reminder I wanna most important
aspects about the Federal Reserve System that there is to comprehend and that is
that there are a lot of
deceptive appearance is going on here I think the best place to begin our story
is with the creation
on the Federal Reserve System itself in fact that takes it
right to the reason for the title up the book
a creature from Jekyll Island
for those of you who are not yet familiar with the background to this
story
you should know that Jekyll Island is aerial Island
top the Coastal Georgia any word on that island in 1910
at the Federal Reserve System was conceived at a highly
secret meeting that took place there when things are done in secret
they're usually something to hide and so I'd like to tell you that story and
documented
so that we can find out first ball that there was a meeting that the Federal
Reserve was indeed created their
that indeed there was a great deal of secrecy and then we'll ask the question
why the secrecy
in 1910 Jekyll Island was completely owned
by a small group of millionaires from New York people such as JP Morgan
William rockefeller and their associates
this is where their families came disband
the winter months it was a a resort island it was called the Jekyll Island
Club
and on the island there was a magnificent club house which was the
center of their social activities
you can visit that club out today as a matter fact the island has since been
purchased by the state of Georgia
and the clubhouse has been fully restored it's a beautiful thing
and if you take the tour you can walk down there
card or their there'll be a room and on the door to that room
is a brass plaque and it says the Federal Reserve System
was created in this room so there's no secret about this part of it to matter
public record
so this is how that story came to pass
it was November that year 1910
when senator Nelson Aldridge
sent his private railroad car to the New Jersey railroad station
late in the evening and there was in readiness for the arrival at himself
and six other man were told to come under conditions of extreme
secrecy for example they were told to come one at a time
not dying with each other on the night of their departure
they were told to avoid arriving at the same time if they could
if they could happen to show up at the same time they were instructed to
pretend
not to even know each other they had to avoid newspaper reporters because they
were well-known people
and newspaper reporters often frequented the railroad station
had they been seen questions would have been at especially at several of them
had been seen together
wanted a man carrying a shotgun in a big black case
said that he had been asked where he was going he was prepared to say
that he was going on a duck hunting trip
the interesting thing about that is that we find out from his biography
that this man never fired a gun in his life he didn't even own money borrowed
that shotgun
just for the purpose to deception and camouflage
even after they got on board is private railroad car
this pattern continue they were instructed to use their
first names only to avoid last names and a couple of them even abandon their
first names and
shows code names the reason for that
was so that this servants on board the train
would not know who these men were because they were afraid of the
servanthood talked about it
road had leaked out in that fashion then
the purpose of the meeting could have been defeated
so absolute secrecy was essential all the way up and down the line
no the private railroad car traveled
for two nights in a day on a one thousand-mile journey to the South
and when they awoke the second morning the car was
on the sighting at Brunswick Georgia
there they took a ferry boat across the Inland straight
to Jekyll Island then to the clubhouse
and by the next nine days they sat around the table
and they hammered out all of the important details
I what eventually became the federal Reserve System
when they were done they went back to New York and a quite a few years after
that
they denied that such a meeting ever took place
it wasn't until after the Federal Reserve System was firmly established
that only then did they begin to talk openly about their meeting and what they
accomplished their
several books on it wanted them wrote a magazine article
and they gave interviews to newspaper reporters and so now many years later
it's possible for us to go back to the public record
and discover in minute detail exactly what happened on Jekyll Island
in 1910 now who were the seven-man
the first one I've already mentioned senator Nelson
all dreamy it was the fellow that own them private railroad car
he was the republican whip in the senate he was chairman of the National
monetary commission which was that special committee of congress
created to make a recommendation for legislative reform
banking reform they called they wanted to reform banking in america
because the american people were very concerned over the concentration of
financial power
into the hands on the small group of banks and investment firms
in New York on wall street that is what they called
the money trust I was a popular phrase
in fact quite a few politicians had been successfully elected to office on their
campaign promise
go break the grip are done money trust
and that was one of the primary purposes of the national monetary commission
I've which senator Aldridge was chairman
he was also a business associate at JP Morgan
he was the father in law John D Rockefeller junior
which means a corset eventually became the grandfather of nelson rockefeller
out former vice president remember his full name was
Nelson Aldridge rockefeller so he derived his middle name from his famous
grandfather
the second man at the meeting was Abraham p at Andrew
assistant secretary of the Treasury
later he became a congressman and
throughout his career he was very important in banking circles
the third man there was frank Vanderlinden president
up the National City Bank of New York
the largest and most powerful up all the banks in america
representing the financial interests of William rockefeller
and the international investment firm up Kuhn Loeb & Company
Henry Davison was there he was the senior partner
up the JP Morgan company
cows Norton was there president at the First National Bank New York
another one of the Giants although there was benjamin strong
head of JP Morgan's Bankers Trust Company
and incidentally Benjamin strong three years later when the Federal Reserve
act was finally passed he became the first head
at the Federal Reserve System and finally
last but certainly not believed Paul Warburg which they're
probably the most important man because of his knowledge of banking
in Europe robert was born in Germany
eventually became a naturalized American citizen
he was a partner in *** Logan company
but he was also a representative of the rock child banking dynasty
in England and friend and throughout his whole banking career he maintained close
business liaison with his brother Max warburg
who was head of the Warburg banking consortium
in Germany and the Netherlands Paul Warburg was one of the wealthiest men in
the world
but those are the seven men I'm Jekyll Island
and as incredible as it may seem
these men represented directly and indirectly approximately 14
up the well at the entire world
in those days and these are the man who sat around the table
on Jekyll Island and created the Federal Reserve System
that arouse your curiosity what's going on here
now for the skeptics who are here tonight and I hope there are plenty
because there aren't I feel like the Minister talking to the choir
your I know there are always plenty of skeptics in
my audiences and that makes me feel very good
for the skeptic you're probably wondering did it really happen that way
surely Griffin is exaggerating to make a point
well yet it really happen that way
and I'd like to illustrate