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Showing posts with the label fiat

No place like home!

The Wizard of Oz (1939) Even though 'The Wizard of Oz' (the film) based on the 'The Wonderful Wizard Of Oz' (the book in 1895) played important roles in many people's childhood, I was always under the impression that it was one of those silly children stories that one can do without. Of course, the soundtrack of the movie, especially 'Somewhere over the Rainbow' kept ringing in everyone's ears to remind that the right time will come one day or was it a message just to keep the crybabies quiet? Now they tell me that 'The Wizard of Oz' was satire through and through. Subtly hidden behind the outrageous storyline was the fight of the Populist Party in the 19th century USA against their monetary system. In 1895, there was an economic depression that affected most of the typical Americans. Part of the reason for that money was pegged to gold. The Populist Party, under the auspices of its leader William Jennings Bryan, a two-time Presidential c...

A monster too big to leash?

The Creature from Jekyll Island (1994) Author: G. Edward Griffin No, this is not some kind of sci-fiction about a radioactive exposed and mutated creature that lurks in the vicinity of Jekyll Island. This book is, of the non-fiction variety, and it talks about our banking system. In fact, it tells of the devious manner that it operates. It was on this island that the monster called Federal Reserve System was created. Jekyll Island is a real island off the coast of Georgia. In 1910, a group of seven individuals of politicians and bankers gathered in a holiday resort to discuss the future of banking in America. Together, they possessed a quarter of the world's wealth then. Earlier, at the beginning of the century, Americans had become wary of their banking system and did not trust bankers to handle their money. The purpose of this extremely secret meeting was to create the blueprint of the Federal Reserve System. Note the absence of bank in its name and the authentic sound of ...