Transcription
One of the things that really caught my attention in the early stages of my investigation into the Federal Reserve was the fact that it was created under conditions of extreme secrecy. And I knew then that I think most people understand that when things are done in secret, there's usually something to hide. And so I wondered, what could it be? The Federal Reserve has nothing to hide, does it? Well, turns out that it does, in fact.
And when I say secrecy, I'm not exaggerating. The meeting at which the Federal Reserve was drafted took place on an island called Jackal Island. And that's the reason I named my book The Creature from Jackal Island. And now remember this was 1910 that this meeting took place, 3 years before the actual creation of the Fed through law. But the original work was started and the draft was made in November of 1910. And Jackal Island in those days was privately owned. It was a resort island. It was called the Jackal Island Club and it was owned by a small group of billionaires from New York, people like J.P. Morgan, William Rockefeller, and their business associates. And it's where their families went to get away from the harsh winter months in New York. And it's a beautiful island. You can visit it today. And you can see the mansions that they lived in. They called them cottages. They're mansions.
But the main thing is not to see the architecture of the cabins or the cottages or the mansions. But to go to the clubhouse. It was a magnificent wooden structure and it's been preserved. You can go in there, as we did a few months ago, and go into the very room where the Federal Reserve system was actually hammered out. And it's no secret there. I mean, you can go to the building down at the end of the hallway, turn to your left, and there's a door and on it there's a plaque. It says "The Federal Reserve Room." It's in this room that the Federal Reserve was created. They know about it. In fact, that's how I got a lot of my information when I was researching. I went to the librarian there at the island and the archives, and they were very helpful. They opened their filing cabinets and showed me photographs and handwritten notes and all of this sort of thing. So, they're kind of proud of the fact that the Federal Reserve system was created in that room, in that building, on Jackal Island, in the Jackal Island Club, in 1910. But you don't read about that in the textbook because it would raise questions. Why was the secrecy?
They went there in the private railroad car of Senator Nelson Aldrich. They got on board that train in New Jersey and they rode for two nights and a day to get down to the Jackal Island landing there and they took a boat across the inland straits to the island. And when they came to the New Jersey railroad station, they were told to come one at a time, not to be seen together, not to dine together. They were told to avoid newspaper reporters at all costs. There was always a lot of newspaper reporters hanging out there in those days because that was before television, of course, and radio. There was some radio, but they were hoping to get photographs of all the dignitaries because that was the way you got in and out of New York. And so they were always there, paparazzi hanging around there in those days. So they were told to avoid the newspaper reporters.
When they got on board the private train, they were told to talk to each other and address each other using first names only, not to use last names. And in two cases, they didn't even use their real first names. They adopted code names. I thought that's strange when I read about it. Why would they do that? And then I found out because one of the participants at this meeting wrote a book about it in later years. And first he revealed it in a magazine article that appeared in the Saturday Evening Post. Then that later was incorporated into his memoirs and his book came out later. And he explained it very simply. He said, "Look," he said, "the purpose of this meeting was so secret and so important that the world not know that we were creating the Federal Reserve, that we were afraid the servants on board the train might figure out who everybody was." Now, the servants knew who Aldrich was. Of course, he was their employer. They might have known the identity of maybe one other person, which would not have been too significant. But had they spoken to their friends, that all of these seven, all these six people actually who were there in addition to Aldrich's personal secretary, but six primary people there, had that been known and gotten out into the news by then, it would have destroyed the purpose of the meeting. So the secrecy was extreme.
When they finally got to the Jackal Island Club, all of the employees of the club had been dismissed for the same reason. Only temporary new employees were there to serve these six people and their cadre. And they denied for quite a few years afterward that they even went. When people asked, "Is it true that you went to an important meeting on Jackal Island?" "Oh, no. I don't know who told you that. That's nonsense." And finally, when it became clear that they had gone, then they changed the story, as we so often hear. The original story doesn't hold up. So then they start to change the story, and it happens all the time, even today. They change the story. "Well, yes, we went. Of course, we went, but we just went to do some duck hunting, you know, and smoke some good cigars and drink some good whiskey, have a little gentleman's week away from the household and so forth." And that wasn't true either, of course. In fact, one of the men, by the way, carried a big shotgun and a big case with him on the train just in case he had been asked where he's going. He said, "Look, see, I'm going on a duck hunting trip." And we find out later from his children who wrote about it and his biographer who wrote about it, he had borrowed that shotgun because he never owned it. He never fired a gun in his life. He was afraid of guns. Didn't want anything to do with them, but that was just part of the deception.
Well, the point is, all these little details are interesting, some of them almost humorous, but they add up to an important revelation, and that it was extremely important to these people that the purpose and the fact of this Jackal Island meeting must be concealed from the American people. Why? It's the big question. Well, most people can figure it out by this time. It's because the purpose of the Federal Reserve Act, as it was sold to the American people, was theoretically so that the government could get control of and pull in the reins on these big bad banks in New York. "We have to control these banks. They are dominating the economy. They have too much power. And we have to have legislation to control the banks to protect America." Okay. Everybody thought that's what was going on. So had they known that this legislation was written by the representatives of the same banks, why, of course, the absurdity, the fraud would have been out in the open from the very beginning. They never would have passed the act. And that was the reason for the secrecy, and they even admitted it in later years.
So, what would President Jackson say about the bank today? Well, he'd have, in fact, he had a few words to say about it when he was alive. And maybe many people don't realize it, but President Andrew Jackson was the big opponent of the same kind of banking syndicate or cartel that existed back in his day. He got rid of the banks. Literally, he single-handedly took on the banks, and he almost lost his presidency because of it. The banks were very powerful. The banks started to do what they could to cause havoc in the economy so they could blame it on his opposition to the central bank. And when that got out that that was done by the banks deliberately to ruin the economy to make it look for the opponents of the banks, then it backfired on them, and that was one of the reasons that Jackson was really successful. But he called it a "den of vipers" in those days. He said that the bank is a den of vipers, and he said, "By God, I will route thee." Those were his words. And he dedicated his life to routing and stamping out the den of vipers. So there's no doubt in my mind when you ask what would Andrew Jackson say today, he'd say that den of vipers is back, and they need to be stamped out one more time. Unfortunately, there's no one in the presidency today that has the same vision of Andrew Jackson. They're all pretty quiet. They're servants of the viper. They're servants of the creature from Jackal Island. And so there's no real resolve at the highest level in Washington to oppose the Federal Reserve system.
Law to control the banks was written by the banks. That is not a conspiracy theory. It's documented in their own words. You just watched the story narrated by G. Edward Griffin himself, the man who spent decades uncovering it. The meeting, the men, the secret that sat in plain sight for over a hundred years. A fun fact: the working title for episode 4 of Hidden Secrets of Money was Mandre, after Mandre the magician, a character Griffin references in his book to describe how the Fed creates money from nothing. Debt in, dollars out. Just like a magic trick. Once you can see behind the veil of today's monetary system, you stop reacting to the noise. You start seeing the path forward. The team has put together an exclusive article that goes even deeper. The full history, the names, and exactly how it's affecting your money right now. The link is below. Share this with one person who needs to see it. If you're not subscribed yet, now is the time. We're on our way to a million, and every subscriber is someone who knows the truth and finally gets it. Thank you for watching, and we will see you real soon.