The creature from Jekyll Island

And an increase of people obtaining capital and becoming self-employed leads to an increase in what employers are willing to offer to obtain and retain employees, as I mentioned earlier.

Claire Katz says, this essay is truly an excellent companion to The Creature of Jekyll Island on Badlands Book Club, aka the Bad Mood Hour.

Serendipitous timing, absolutely.

On to point two, it then enables the borrower to buy at cash prices whatever he wishes to buy.

On any given day, only about 10 to 15% of the stored gold was being withdrawn.

So the goldsmiths thought, "Why leave all this gold just sitting here?" As stated in the book, The Creature from Jekyll Island, it says, "And so the warehouse men began to act as loan brokers on behalf of their depositors, and the concept of banking as we know it today was born." They quietly started doing this and kept all the profit at first.

They did not offer interest to those whose gold they were lending out.

They only started paying interest later, once the depositors found out and got angry.

Except now, it's done with digital dollars instead of gold, there's fractional reserve banking involved, and it's legal, regulated, and enormous in scale.

So what if you were the bank instead? What if instead of being the depositor, the person whose money gets used to make someone else rich, you became the banker? Well, the banker and the depositor.

What if the interest that currently flows to financial institutions could flow to you instead? This is the core idea behind the infinite banking concept, which was developed by Nelson Nash, a man I've mentioned many times in this podcast, and who detailed this concept in his book, Becoming Your Own Banker.

It's the concept I have built my entire practice around helping clients implement.

It's not happening by, uh, by free market forces.

The, the, the, uh, commercial traders came in this morning, pulled their bids, spoofed, put, uh, tried every dirty trick in the book to get the prices down where they are today.

And of course the, um, they were very successful, and we'll see how they manage tomorrow, but, make out tomorrow.

But as far as I'm concerned, uh, I'm gonna be a buyer tomorrow no matter what, no matter what happens.

So how do we as a society ever keep these tyrants in check?

Well, I'll tell you what.

Um, I read, uh, I read a G. Edward Griffin book, The Creature from Jekyll Island, and it's all in there how the education system in the West has been deliberately dumbed down since the Second World War, and I can see it.

I mean, you can see it in society today that what you learn in school today versus what I learned in school back in the 1950s and 1960s is totally different.

All right.

Good afternoon, ladies and gentlemen, and welcome to Badlands Book Club covering chapter 18 of The Creature from Jekyll Island.

It's the bad mood hour here on Badlands Media.

And, you know, I was just thinking while watching the intro, the fact I think I might have said this before, but it just tickles me every single time that the voiceover says, join the movement as Chris Paul's face is on the screen.

Now it's good.

So, okay.

Let's go ahead and jump into Chapter 18 of The Creature from Jekyll Island.

And go ahead.

You look at America, they have their own military, their own laws, but they're not sovereign with respect to money because the Federal Reserve is owned by private banks.

And you can read The Creature from Jekyll Island by Edward Griffin, and he explains how it's called federal, and reserves.

There are no reserves, and it's not federal.

It's owned by private banks.

Yeah.

So walk me through, because a lot of people don't know, like I've read a lot of these books like Jekyll Island and all these things about the Federal Reserve and how basically the whole money system changed.

And once we kind of got off the gold standard, things changed a lot.

But a lot of people don't know this history.

Exactly.

Uh, and, and again, the Zionist movement, you can tie all of it back to the late 1800s and the Rothschild family, and, uh, you know, if you're watching Creature from Jekyll Island on Badlands Book Club, all of that, the central banking system all ties back to the Rothschilds and, uh, the Rothschilds as some know it.

I've adopted the Rothschilds.

One, uh, that's one vic-