📚 The Creature from Jekyll Island by G. Edward Griffin
Bitcoiner Books #6
Some describe G. Edward Griffin as a legendary author of one of the best-written books on money, while others describe him as a loony conspiracy theorist. In his book The Creature from Jekyll Island, Griffin unravels the origins and hidden workings of the U.S. central banking system. He exposes how a secretive group of bankers met on Jekyll Island in 1910 to create what would become the Federal Reserve—a system designed not to serve the public but to enrich a financial elite.
Griffin argues that the Fed is not a stabilising force in the economy but a mechanism for wealth transfer, enabling banks and governments to inflate the money supply, devalue currency, and push the country deeper into debt. Through a mix of historical analysis and investigative reporting, he reveals how inflation, boom-and-bust cycles, and government bailouts are not accidents but deliberate tools of control.
The book delves into the consequences of fiat money, illustrating how central banking fuels perpetual war, economic manipulation, and the erosion of individual wealth. Griffin also explores alternative financial systems, making the case for sound money principles as a way to escape the grip of inflation and debt. It’s very possible that Satoshi read this book and was inspired to create a solution to the fiat money problem. Unfortunately, Bitcoin isn’t mentioned in the book, as it was written long before Bitcoin’s genesis block.
In the video below, Griffin speaks on the Stansberry Research YouTube channel, where he expresses cautious optimism about Bitcoin. He mentions having bought some ‘crypto’ but admits that, like most people, he purchased it primarily for profit rather than for using it as a unit of exchange. The video was recorded in 2022—since then, much has changed, and as Bitcoin has a steep learning curve, it would be fascinating to know what he thinks about it today!
Whether you're a sceptic of central banking, a student of economic history, or simply trying to understand why financial crises keep happening, The Creature from Jekyll Island presents a compelling argument: the Federal Reserve is not what it seems. Its real purpose has little to do with serving the public good—and everything to do with enriching the Cantillonaires (even if it doesn’t use that term explicitly).
Have you read it? Share your thoughts below! If not, what are you waiting for? Grab your copy here! 📖
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