Podcast Episode Details

CREATURE FROM JEKYLL ISLAND 1: Unmasking The Beast of Banking & Decoding Money’s Mysteries - Edward Griffin

---

---

(00:00:00) 0. Introduction
(00:13:02) I. WHAT CREATURE IS THIS? (1-6)
(00:13:47) 1. THE JOURNEY TO JEKYLL ISLAND
(01:01:42) 2. THE NAME OF THE GAME IS BAILOUT
(01:36:41) 3. PROTECTORS OF THE PUBLIC
(02:36:30) 4. HOME, SWEET LOAN
(03:18:09) 5. NEARER TO THE HEART'S DESIRE
(04:07:01) 6. BUILDING THE NEW WORLD ORDER
(05:09:09) II. A CRASH COURSE ON MONEY (7-10)
(05:10:00) 7. THE BARBARIC METAL
(05:53:55) 8. FOOL'S GOLD
(06:29:00) 9. THE SECRET SCIENCE
(06:58:56) 10. THE MANDRAKE MECHANISM

The Creature from Jekyll Island: A Second Look at the Federal Reserve By G. Edward Griffin (1998).

G. Edward Griffin’s The Creature from Jekyll Island is a bold exposé on the origins, functions, and implications of the United States Federal Reserve System. Griffin presents the Fed not as a neutral public institution but as a privately controlled mechanism serving elite financial interests. Through a mix of investigative storytelling, historical analysis, and economic education, he seeks to unmask the “creature” that emerged from a secret meeting in 1910 and has since shaped global finance. 

Section I: What Creature Is This?- Unmasking the Beast of Banking
In the first section, Griffin lays the foundation for understanding the true nature of the Federal Reserve. He challenges conventional wisdom, asserting that the Fed is neither federal nor a reserve, and that it functions less as a stabilizer of the economy than as a cartel serving powerful bankers. Written as a financial detective story, this section uncovers the hidden motives behind the Fed’s creation and its far-reaching influence. 

1. The Journey to Jekyll Island
Griffin opens with a dramatic account of the secret 1910 meeting at Jekyll Island, Georgia. Here, seven influential men—bankers, financiers, and politicians—met under conditions of extreme secrecy to draft a plan for a central banking system. Among them were Senator Nelson Aldrich, Paul Warburg, and representatives of J.P. Morgan and Rockefeller interests. Traveling under false names, they sought to disguise the purpose of their mission: designing a system that would protect their financial empires while appearing to serve the public.
The result was the Aldrich Plan, which became the blueprint for the Federal Reserve Act of 1913. Griffin argues that this meeting marked the beginning of a financial coup—one that placed control of the nation’s money supply in private hands under government protection.

2. The Name of the Game Is Bailout
Griffin examines how the Federal Reserve’s primary function is to orchestrate bailouts—not for the public good, but to shield large banks and corporations from their own risky behavior. He explains that the Fed’s ability to create money from nothing allows it to transfer losses from private institutions to taxpayers. By reviewing examples like the Penn Central bailout, he illustrates a pattern: profits are privatized while losses are socialized.
This creates what economists call “moral hazard,” encouraging reckless financial behavior because major players know they will be rescued. Griffin concludes that bailouts reveal the Fed’s real allegiance—not to economic stability, but to the preservation of elite wealth.

3. Protectors of the Public
Here Griffin dismantles the myth that the Federal Reserve exists to protect ordinary citizens. He argues that the Fed’s manipulation of interest rates and control over the money supply primarily benefit banks and investors while harming average Americans through inflation and currency devaluation.
Citing historical cycles of boom and bust, Griffin claims the Fed’s interventions actually amplify instability. By exposing the gap between its stated mission and real-world effects, he portrays the Fed as a false guardian—one whose “protection” comes at the cost of the public’s purchasi

---

Published on 1 month, 2 weeks ago