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The Creature From Jekyll Island - A Second Look At The Federal Reserve (written and discussed) by G. Edward Griffin with commentary by Leslie R. Pastor


The Creature from Jekyll Island by G. Edward Griffin
A Second Look at the Federal Reserve (5th Edition)

The Federal Reserve System is a skillfully crafted hybrid of a private cartel guaranteed by a legitimate sovereign power (United States of America) which solidifies control within ‘private’ unelected hands secretly controlled by both national and foreign banks hidden behind the façade of regulating the monetary system. The problem inherent within this framework is that the Fed has never been completely audited since its founding, and thus the American people do not know what this ‘cartel’ is doing with the Nation’s money, or where it is being directed secretly and surreptitiously. That is the subject-matter discussed by G. Edward Griffin, in his monumental book: The Creature From Jekyll Island - A Second Look At The Federal Reserve (written and discussed) by G. Edward Griffin.

G. Edward Griffin has provided significant insight into a subject-matter that, has taken me a lifetime to appreciate. Especially with regard to my relationship with Dr. Antony C. Sutton and the discovery of The Control Paradigm back in 1972, when I first discovered the subject at Seton Hall University. I began to research from the actual texts, written by Paul M. Warburg (the creator of the Federal Reserve), a primary source. The discovery of Antony C. Sutton’s Western Technology and Soviet Economic Development (1917-1930) further provoked my interest with regard to technology transfers and the financial outlays needed to provide such assistance to the Soviet Union back in 1917, just four (4) years after the creation of the Federal Reserve in 1913. Seton Hall University was a repository of such books at my disposal, welcomed by me, since it was my only access to such information at the time. I came across Frank A. Vanderlip’s From Farm Boy to Financier (1935) [1][2], ultimately revealing a direct link between the two conspirators, as demonstrated by Warburg’s revealing complimentary presentation of his two volume book, The Federal Reserve System, Its Origin and Growth, in which he states, “as a souvenir of common efforts in years gone by,” alluding to their collaboration together along with other high ranking conspirators at Jekyll Island, off the coast of Georgia (USA). [From Farm Boy to Financier, pp. 213-219].

It was at the Brooklyn Library that I discovered Eustace Mullin’s, “This Difficult Individual Ezra Pound.” Shortly thereafter I contacted Mr. Mullins, and he sent me several of his books regarding his own discoveries pertaining to “The World Order” and the “Secrets of the Federal Reserve,” in 1994. Much earlier in 1985 I acquired Martin A. Larson’s “The Federal Reserve and our Manipulated Dollar” (1975), and together these books provided me with enough grist to germinate proficient interest to delve deeper into the history of the Central Bank of the United States, culminating in my thesis regarding “Monopoly Power, World Socialism, World Economic Interdependence,” which I presented to Dr. Herb Titus (founding Dean of Regent University Law School) and Dr. Antony C. Sutton shortly thereafter. I might add that my thesis is ringing true and accurate as demonstrated by the recent actions of the former Bush and present day Obama Administrations.



Personal Research: Monopoly Power, World Socialism, World Economic Interdependence. (Part 1) by Leslie R. Pastor – was formally submitted to Dr. Antony C. Sutton for his Review. It was also submitted to Dr. Herb Titus (Founding Dean – Regent University, School of Law). A copy was also sent to Thomas Eugene Bearden for his personal review, prior to my association with him starting in 2005. Additional copies were sent to Jim Boswell (Inventor) and Janet Lee Meisinger (Political Activist). Source: *Introduction


After many years of personal research and continuous study on the makeup and structure of the elitist establishment in the United States, I came upon some of the most interesting and at the same time fascinating information concerning its economic and political makeup. The following account that will be presented is highly explosive and electrifying in its content. The reader will have to forgo previous preconceptions of political dichotomies and assume fresh perspectives and approaches to historical realities, the scope of which entails the following historical period and framework, [1880-1980].

The presentation of modern American History has gone through a series of continuous, but gradual evolutionary changes. These changes, while possibly normative, reflect serious considerations and potentialities, specifically those pertaining to monopoly capitalism and world socialism.

These changes are more than adequately reviewed and discussed at length by Antony C. Sutton in his monumental works concerning Wall Street and its’ influence upon world affairs. There appears to be a definite link, between monopoly capitalism, socialism and world revolution, with regard to ultimate control by the elitists, namely those who control the Central Banks of the world. Also it appears that socialism is the necessary ingredient for political and financial (monopoly) world control.

This explains why the U.S. always appears to back socialist governments over democratic ones, and prefers to support and sustain their economies, even in the face of criticism. Primarily, because more profit is available from controlled societies than those that have freer political and economic systems, namely Russia (see Antony C. Sutton) and modern China (Tiananmen Square).

Also, the resulting creation and sustainment of managed and controlled conflict provided the arena and the direction in which and through which the elite power brokers (monopoly financiers) were able to compel concrete physical and psychological social change both domestically as well as internationally. This "controlled-conflict" not only provided wealth for the elitists, but ultimately drove the engine that forced the resultant global changes.

You will notice this as you read the following pages, from the creation of the Federal Reserve System, the Bolshevik revolution, world socialism and the Wall Street financial elite……….


America’s Sixty Families, Ferdinand Lundberg, The Vanguard Press. H. Wolff, New York, 1937
Wall Street and FDR, Antony C. Sutton (Paul Warburg & Creation of the Federal Reserve System)
Third Annual Report of the Federal Reserve Board, covering operations for the year 1916
The Federal Reserve System (Its Origin and Growth), Paul M. Warburg (Vol. 1) MacMillan, 1930
Wall Street and the Bolshevik Revolution, Antony C. Sutton, Arlington House, New Rochelle, 1974
William Boyce Thompson, (notes: Hermann Hagedorn, Antony C. Sutton, National Cyclopedia)
Wall Street and the Rise of Hitler, Antony C. Sutton, Bloomfield Books, Suffolk, England, 1976
National Suicide: Military Aid To The Soviet Union, Antony C. Sutton, Arlington House, 1973


In the following pages I elected to allow the above works and authors to explain themselves, rather than to inject my own thoughts and words. The conclusions I will leave to the reader, either for personal reflection or possible continued research.


Research Explanation Regarding MY PERSONAL RESEARCH: PART 1
The Title page explains the anomaly, and presents the case that defines the 'conspiracy' of the takeover of these United States of America. Ferdinand Lundberg [3] presents the initial 'evidence' on page 120 of his insightful 1937 book Americas Sixty Families. The essential facts are all laid out as the 'creation of the Federal Reserve System.'

From the planned election of President Woodrow Wilson to the actual 'intent' of the conspiracy, the finalized facts of the roles played by the conspirators and their accomplishment to ultimately bring these United States back under their 'control' is explained, through interlocking relationships with the Bank of England and the (then) Bank of France. [Rothschild financial controls],

Antony C. Sutton [Wall Street and FDR] then goes on to explain the 'creation' and ultimately the 'creator' [Paul Moritz Warburg][4] of the American [private] 'Central' Bank, the Federal Reserve System. With the FRS now firmly established, Warburg prepares for the initial looting of the United States of America, and ultimately the transference of American prosperity into the Bank of England. Dr. Sutton then introduces Murray Rothbard's analysis, as to the actual method [vehicle] to accomplish the transference and ultimately the collapse of the American economy [the Wall Street Crash of 1929].

The facts and the results are now crystal clear, intent and motive are firmly established, and the evidence begins to pile up. The Federal Reserve System through a planned 'stock market crash' by 'artificial' means transferred the American people from a 'free' society to an 'enslaved' servitude and its 'free' economy changed overnight into a 'slave' economy.

Thus the American 'Revolution' and its' novel experiment was subverted through a re-revolution. What was so ardently and assiduously fought for, was simply stolen away by 'the mildest mannered man that ever personally conducted a 'revolution.'" [Paul M. Warburg]

I now present the actual 'text' of "the Federal Reserve System, its Origin and Growth" as the actual 'words' of P. M. Warburg [As an aside: An actual copy, of an actual 'hand-autographed' version of the book is presented by Warburg to Frank A. Vanderlip, "as a souvenir of common efforts in years gone by, this book is presented to Frank A. Vanderlip by [signed] Paul M. Warburg." [Paul was reflecting their joint experiences together at Jekyll Island, where they initially conspired with others to create the Fed.].

In the book, Warburg essentially explains what the Fed can and cannot do. He explains its 'incorporation' its 'charter' and its 'powers,' thus revealing that it is a 'privately' chartered and governmentally 'sustained' enterprise. And on page 341, the Federal Reserve Notes are revealed as, "the said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal Reserve banks and for all taxes, customs and other public dues." Therein lay the slavery and indebtedness of the people of the United States of America, through the establishment of 'monetized' debt. And finally there is a letter in the appendix by Paul M. Warburg to a friend explaining 'fiat' money and 'liquidity'.

Next I present a copy of the third (3rd) Annual Report of the Federal Reserve Board

Pierre Jay was declared, Chairman and Federal Reserve Agent of District No. 2 [New York]. Pierre Jay was a member of the Russell Trust Association. [The Order seems to have a habit of placing a member from among its ranks within the 'Money Trust' without fail. Daniel Coit Gilman was not only the founder of several distinguished American Universities, the American Historical Association, and the head of several reputable Foundations, but he was also the incorporator of the Russell Trust in 1856 at Yale, New Haven, Connecticut.] Source: Americas Secret Establishment, Antony C. Sutton.

Next, the board of directors is designated, along with a directory of the Federal Reserve Board. Among the names is William Boyce Thompson, [whose term expired in Dec 31, 1917] who personally gave the Bolsheviks $1,000.000 dollars [Dec 8,1917], so they could export the 'revolution' throughout Europe, and consolidate their power in Russia. W. G. McAdoo (Woodrow Wilson's son-in-law) is listed as Sec. of the Treasury. Thus you have a pretty good indication of a close-knit group of 'insiders' acting in concert, so now we can derive an extrapolated assessment regarding the developed facts.

1.. The Russell Trust controlled the money flow.

2.. The President of the United States [through his son-in-law] was able to use moral suasion in his monetary policy

3.. The 'Central' Bank was both a governmental 'piggy' bank [to be raided at will] as well as a 'private' bank for 'private' [compartmentalized] purposes known only to the 'insiders'.

4.. The 'insiders' [those with 'access' and 'direct' knowledge] were now able to conduct significant enterprises for 'private' personal gain, having unlimited global reach through the limitless availability of the uninterrupted 'money' supply.

In the Next section, Dr. Antony C. Sutton presents a synopsis of the 'Evidence'

Next: A copy of the cablegram from J. P. Morgan [$1,000,000] and a picture of William Boyce Thompson is presented showing his involvement with the Bolsheviks.

Next: I lay out a 'fact sheet' on the American International Corporation showing the founders, date of creation, board of directors and the interlocks between the RTA, FRS (NYFed), and the Council on Foreign Relations [Frank Altschul] and the member NYC banks of the FRS. [Chase, National City Bank, Bankers Trust].Next: The location of the 'conspiracy' [1915] is identified 120 Broadway, NYC with the close association of the participants clearly 'recognizable.' [Federal Reserve Bank, American International Corporation, Soviet (first) Bureau, with an 'explanation' given for this 'alliance.'[Dr. Antony C. Sutton then gives an 'explanation for the 'unholy alliance'.

Then in four (4) significant pages the life of William Boyce Thompson is reviewed followed by a fact sheet [chronology] of his life. [I've always been fascinated by these types of individuals who accomplish much, create massive wealth, industry, mayhem, build significant homes for themselves, and then simply die off into the sunset.......leaving it all behind. And in the case of William Boyce Thompson, his life was relatively short, some 61, 62 years].

Finally:

Dr. Sutton gives his conclusions (Wall Street and the Rise of Hitler] regarding the financing of the German cartels [I.G. Farben], Hitler. The role of the Dawes and Young Plans, the multinationals, the international banks and their political influence, AEG (German General Electric], and the directors of American I. G. (Farben), who escaped criminal prosecution after the Second World War. Dr. Sutton skillfully presents 'documented' evidence conclusively proving the 'pervasive influence of international bankers.' Leading him to the ultimate question. Is the United States ruled by a dictatorial elite? He brilliantly answers this question by establishing and presenting 'the New York Elite as a subversive force. With these revealing facts an interesting 'revisionist' truth is emerging that had long been suppressed by the RTA through their controlled education [American Historical Association].

In National Suicide, Military Aid to the Soviet Union [this ultimately got Dr. Sutton ejected from the Hoover Institution] Dr. Sutton reveals that the State Dept was taken over by the 'conspiracy'.....and now ultimately confirmed by Bryton Barron in his very revealing book. Inside the State Department. [5]

And in conclusion, Dr. Antony C. Sutton was able to give his testimony before the Subcommittee [VII} of the Platform Committee of the Republican Party at Miami Beach, Florida, on August 15, 1972, at 2:30pm regarding, the Soviet Military-Industrial Complex and who created it [the United States, international bankers, the RTA]. And much to his credit, Dr. Sutton gives a resounding approval of the intervention of American Unionism in recognizing the anomaly: "Only one institution has been clear-sighted on this question. From Samuel Gompers in 1920 down to George Meany.......the major unions have consistently protested the trade policies that built the Soviet Union. Because union members in Russia lost their freedom and union members in the United States have died in Korea and Vietnam. [But ultimately, the AFL-CIO has been taken over by the Council on Foreign Relations, starting with the election of Lane Kirkland (CFR).]

A personal note: I considered Dr. Antony C. Sutton a very brave, articulate, intelligent man, with a significant internal fortitude, for having the guts, to challenge this 'control' paradigm matrix. He was the man who single-handedly challenged a world class empire, unparalleled in human history, and he risked 'everything' to do it. Dr. Antony C. Sutton was truly a very remarkable, important source in deciphering where the truth ultimately lay regarding 'factual' links in this very complex integrated database on the matrix. And for this 'gentleman' to have spent a brief moment in 'time' with me (via the internet] back in 1999 to discuss several aspects of the 'matrix' I regard with solemn gratitude. Source: *Introduction


[6] [7] [8]

In his book, From Farm Boy To Financier, Frank A. Vanderlip, admits to a gathering of a conclave on Jekyll Island, off the coast of Georgia, for the sole purpose of creating what ultimately became the actual establishment of the Central Bank of the United States:

"I do not feel it any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System." [Some of the most powerful political and economic interests joined forces to establish a primary vehicle to enable the fruition of what ultimately became the beginning of the American Empire which ultimately circled (completely) this entire globe]. Using first names only, they boarded Senator Nelson Aldrich’s car at the New Jersey littoral of the Hudson railroad yard bound for the southern shores of eastern Georgia, to Jekyll Island. These men represented the powerful combination of the Morgan-Rockefeller interests and the European banking fraternity of the Rothschild interests, specifically, the Bank of England, Bank of France and similar combination of European financial controls]. Among those present: Frank A. Vanderlip (National City Bank), Senator Nelson A. Aldrich, (father-in-law of John D. Rockefeller Jr.), Henry P. Davison (J. P. Morgan & Co.,), Paul M. Warburg (actual ‘creator’ of the Federal Reserve, and a principal of Kuhn Loeb & Co.,), Benjamin Strong, A.(Abram)Piatt Andrew (the then Assistant Secretary of the Treasury).

These men ultimately 'created' the Federal Reserve System, while holdup on Jekyll Island, but ultimately it was Paul Moritz Warburg's plan, which became the actual vehicle for the American Central Bank. Antony C. Sutton has provided a significant account regarding this in his book: Wall Street and FDR (pp. 92-98).
The Federal Reserve System – Its Origin and Growth (Reflections and Recollections) by Paul M. Warburg, The MacMillan Company 1930.
“As a souvenir of common efforts in years gone by this book is presented to Frank A. Vanderlip with the compliments of Paul M. Warburg” (hand written autographed message inside)
[Paul M. Warburg acknowledging to Frank A. Vanderlip their part in the conspiracy to create the The Federal Reserve System in 1910 at Jekyll Island, Georgia]

Federal Reserve Act
Incorporation, Charter and Powers [p. 185]
Sec. 4.....Upon the filing of such certificate with the Comptroller of the Currency as aforesaid, the said Federal Reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power---
First. To adopt and use a corporate seal
Second. To have succession for a period
of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law
Third. To make contracts.
Fourth. To sue and be sued, complain and defend, in any court of law or equity.

Federal Reserve Act
Membership [p. 189]
Sec. 9.
Any bank
incorporated by special law of any State, or
Organized under the general laws of any State or of the United States, may make application
To the reserve bank organization committee, pending organization, and thereafter to the Federal Reserve Board
for the right to subscribe to the stock
Of the Federal reserve back organized or to be organized within the Federal reserve district where the applicant is located. The organization committee or the Federal Reserve Board, under such rules and regulations as it may prescribe, subject to the provisions of this section,
may permit the applying bank to become a stockholder
in the Federal reserve bank of the district in which the applying bank in located. Whenever the organization committee or the Federal Reserve Board shall permit the applying bank to become a stockholder in the Federal reserve bank of the district, stock shall be issued and paid for under the rules and regulations in this Act provided for national banks which become stockholders in Federal reserve banks.

Federal Reserve Act [p. 253]
Tax Exemption
Sec. 7..... Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.

Federal Reserve Act
Earnings, Contingent Funds, and Government’s Share in Excess Earnings
Sec. 7. After all necessary expenses
of a Federal reserve bank
have been paid
or provided for,
the stockholders shall be entitled to receive an annual dividend
of six per centum
on the paid-in capital stock, which dividend shall be cumulative.

Federal Reserve Act [p. 341]
Sec. 16. Federal reserve notes, to be issued at the discretion of the Federal Reserve Board for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized.
The said notes
shall be obligations of the United States and
shall be receivable by all national and member banks
and Federal reserve banks and
for all taxes
customs,
and other public dues
They shall be redeemed in gold on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or in gold or lawful money at any Federal reserve bank.

Third Annual Report of the Federal Reserve Board Covering Operations For The Year 1916
Washington - Government Printing Office – 1917
District No. 2---NEW YORK.
Pierre Jay, Chairman and Federal Reserve Agent.
Chapter I.---Organization.
Designation of District No. 2.
The designation of New York State as Federal Reserve District No. 2, with New York City as the location of the Federal Reserve Bank, was made by the reserve bank organization committee on April 2, 1914.
Certificate of Incorporation.
The certificate of incorporation, signed by the following as incorporators: The National Commercial Bank, Albany; National Park Bank, New York; Marine National Bank, Buffalo; First National Bank, Syracuse; Irving National Bank, New York, was filed with the Comptroller of the Currency May 18, 1914, whereupon the Federal Reserve Bank of New York became a body corporate.
Board of Directors
The election of the three class A and the three class B directors of the Federal Reserve Bank of New York was conducted by the organization committee during June and July, 1914, and announcement of the election was made August 10. The appointment of the three class C directors by the Federal Reserve Board was announced on September 30, completing the board of directors. On October 5 the first meeting of the board of directors was held in the office of the Bank of the Manhattan Co., 40 Wall Street, New York. Mr. Benjamin Strong, Jr., then president of the Bankers Trust Co., of New York, was elected governor of the bank, and Mr. Leslie R. Palmer, a member of the board, secretary pro tempore. At the second meeting of the board the terms of office of the directors were designated as follows:
Class A, representing the member banks; Franklin D. Locke, term expires December 31, 1915; William Woodward, term expires December 31, 1916; Robert H. Treman, term expires December 31, 1917.
Class B, representing commerce, agriculture, or industry: Leslie R. Palmer, term expires December 31, 1915; Henry R. Towne, term expires December 31, 1916; William Boyce Thompson, term expires December 31, 1917.
Class C, representing the Federal Reserve Board: George Foster Peabody, term expires December 31, 1915; Pierre Jay, term expires December 31, 1916; Charles Starek, term expires December 31, 1917.
A meeting of the directors and governors of all the reserve banks, called by the Federal Reserve Board, was held in Washington October 20-22. At this meeting, which was attended by over 80 directors and governors of Federal Reserve Banks, standard by-laws were prepared, a uniform plan of accounting was tentatively approved on, and various problems relating to the inauguration of the system and the operation of the banks were discussed.


Two individuals stand out regarding conspiracy:
(1), Pierre Jay was a member of the Russell Trust Association at Yale University, and he was selected to become the first Chairman of the New York Federal Reserve Bank, the key bank within the Federal Reserve System.
(2). William Boyce Thompson while still acting as a Class B director of the Federal Reserve Bank of New York, was in Russia helping the Bolsheviks seize power. He gave them funds from National City Bank of $1 million dollars in 1917.


Documentation
The Coming Battle by M. W. Walbert (online book)
The Affidavit of Walker F. Todd
Government's Motion to Strike Affidavit of Walker F. Todd
The Federal Reserve and our Manipulated Dollar by Martin A. Larson [9] [10][11][12][13][14]
The Rich and The Super Rich by Ferdinand Lundberg
How And Why International Bankers Make War
Stop Printing Money
John Hancock Institute For International Finance [15] [16][17][18]

  • Martin Alfred Larson [19]
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