The Modern Classic of Economics Explained

This speech was given in approx. 1994, so please be forgiving of the sound, but once you settle in, Griffin tells quite a compelling story to explain his famous book on the creation and history of the Federal Reserve.  His analysis of its effects on our economy is great foreshadowing for what has taken place since.

A Recent Update from G. Edward Griffin

From July 11, 2022 – Stansbury Research Part 1

“The Federal Reserve is the cause of inflation,” and it’s ludicrous they are trying to stop it, claims G. Edward Griffin, author of The Creature from Jekyll Island and founder of the Red Pill University. “Money supply is based on tangible value,” which the U.S. dollar is lacking he tells our Daniela Cambone. “Gold and silver throughout history have been the backing of any good money supply, because they take human-effort to produce,” Griffin continues. “The middle-class is being squeezed out of existence,” he warns and says we are, “going back to kind’ve a medieval stage.” Griffin concludes by discussing why banks love having gold and silver stockpiled, “but they can never have enough of it to base a monetary system on it that is profitable to them.” 

From July 11, 2022 – Stansbury Research Part 2

In part two of our discussion with G. Edward Griffin, he warns that the United States and the Federal Reserve are, “actively trying to destroy the U.S. dollar,” along with adversarial nations. The author of The Creature from Jekyll Island and founder of the Red Pill University tells our Daniela Cambone that the economic leaders of the world are working towards, “the bankers dream… a cashless society.” Griffin says the goal of this is to give governments full control of purchasing power, and the ability to have all future transactions passed through the banks. In the long run, cryptos will not be the “freedom-loving” assets they promise to be, he continues and says a, “gold or silver-backed monetary system” is still more attractive compared to today’s prominent digital currencies. Griffin says that, “the reason why we have inflation is that the money supply is not pegged to something that takes human effort to produce,” concluding that there is no difference between governments and banks creating inflation. 

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