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06-24-2007, 10:23 AM
The Creature from Jekyll Island - A Second Look at the Federal Reserve

by G. EDWARD GRIFFIN

JIM: You hear a lot of talk about the Federal Reserve today: “the Fed is supposed to be an inflation fighting institution.” In fact, much of today’s headlines about interest rates and Fed comments are that the Fed is concerned about inflation, and the Fed is a stabilizing influence in our economy. My next guest doesn’t believe that’s the case.

Joining me on the program is G. Edward Griffin, he’s a writer and documentary film producer with many successful titles to his credit. He is well known for his talent for researching difficult topics, and presenting them in clear terms that all can understand. He has dealt with such diverse subjects archaeology, ancient earth history, the Federal Reserve System, and the international banking system. We’re here to talk about his book today, The Creature from Jekyll Island.

Mr. Griffin, when investors or citizens hear stories about the Fed – like the Fed met today, they left interest rates but one Fed governor is concerned about inflation – it usually portrays the Fed as an inflation fighting organization, when in fact it is really an inflation-creating institution. Doesn’t this create a problem of perception?

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