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DENNIS PATRICK: FUNNY MONEY AND THE NATIONAL DEBT |
A re-reading of the book “The Creature from Jekyll Island” by G. Edward Griffin, Appleton, WI: American Opinion (1994) proved very worthwhile. Accumulation of the tremendous national debt by the United States was motivation enough. The US debt now stands at somewhat more than $18 trillion. Of that amount, the Obama administration has added $9 trillion.
Despite the book’s title, this is not a “B” novel. It is a very readable history of the creation and workings of the Federal Reserve System, America’s central bank. The title refers to Jekyll Island off the Georgia coast where a clandestine meeting in November 1910 attended by an elite group of financiers gave birth to the Federal Reserve. This is the unbelievable story of smoke and mirrors; pulleys, cogs and wheels that create the grand illusion called money.
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