The Creature from Jekyll Island: A Second Look at the Federal Reserve

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Furthermore, the Federal Reserve Banks are not even banks. The key to this riddle is to be found, not at the beginning of the story, but in the middle. Since this is not a textbook, we are not confined to a chronological structure. The subject matter is not a curriculum to be mastered but a mystery to be solved. So let us start where the action is.

1. The Journey to Jekyll Island 3

2. The Name of the Game Is Bailout 25

3. Protectors of the Public 41

4. Home Sweet Loan 67

5. Nearer to the Heart's Desire 85

6. Building the New World Order 107

II. A CRASH COURSE ON MONEY 133

The eight chapters contained in this and the following

section deal with material that is organized by topic, not chronology. Several of them will jump ahead of events that are not covered until later. Furthermore, the scope is such that the reader may wonder what, if any, is the connection with the Federal Reserve System. Please be patient. The importance will eventually become clear. It is the author's intent to cover concepts and principles before looking at events. Without this background, the history of the Federal Reserve is boring. With it, the story emerges as an exciting drama which profoundly affects our lives today. So let us begin this adventure with a few discoveries about the nature of money itself.

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