Saturday, Nov 11, 2006
Weekend blog
Financial Sense Online: The Creature from Jekyll Island
Edward Griffin askes, "Just what is the Federal Reserve?" Prepare to be shocked.
Posted by harold @ 12:41 PM (131 views) Add Comment
6 Comments
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1. japanese uncle said...
Exactly the same applies to the BoE. Look at the ellaborately calculated timing of the rate increase, just to maximize the impact of the HPC!
"Hold......, not yet, not yet, not yet------, Fire Now !!!!!" let alone the perfectly coordinated media's bearish change of tone!
2. Retiredbanker said...
No real surprises here.
It was disclosed on TV a year or so ago that during WW11 certain elements in the City of London were financing the Nazis
via the Swiss banking system.
3. monty said...
A good interview with good ol' G. Edward, yet another conspiracy nut. If you're interested in some of his earlier work check out the Capitalist Conspiracy video;
http://www.propagandamatrix.com/multimedia/Capitalist_Conspriracy.wmv
IIRC there's some more on Jekyll Island here in The Money Masters video on this page;
http://www.thedossier.ukonline.co.uk/video_drugsmoney.htm
Unfortunately there's not a lot of material on the BoE and I find it difficult to extrapolate the Fed conspiracy theories to include it.
BTW Jim Puplava and friends at Financial Sense have a very good weekly podcast. They're bullish on commodities at the moment and there are usually good interviews with the white whisker brigade who, despite the oddballs like G. Edward, have quite a bit of good old fashioned wisdom to impart.
4. Ticktock said...
Edward has a global 'feedom' sect, that basicly believes that any form of tax, and even Government is a sin. Corporate 'charity' and rich mans Philantropy should replace welfare etc. etc.etc. He is an advocate of simply allowing the market to take care of everything, and thinks that Corporations will be nice to everyone once freed from Government meddling. Tyrany of a democraticly elected Government is bad, while tyrany of unelected old, white, rich men is presumeably just Gods rightous decree.
While holding interesting views upon the corruption (from its very conception) of the Fed, he is a liberty fundementalist (or anarcist) who sees 'Lenninist' conspiricy in anything that raises his tax bill, or restricts his right to do whatever he wants, whenever he wants to do it. As you might Imagine, Edwards is not a poor man.
Once the world is viewed entirely through the eyes of the rich, of business, and of markets, it is very easy to make the kind of fundemental philisophical errors that Edward (and many others) repeat over and over again.
5. Headmelter said...
scarey biscuits.
I'm currently looking at investing some money in gold but don't know how to go about it.
I only want to invest about 3-5k.
Any suggestions or advice anyone, it would be greatly appreciated?
6. sold 2 rent 1 said...
Headmelter,
I have 2 ISA wrapped unit trusts in gold mining stocks (Any profits are shielded from tax).
I use www.bestinvest.co.uk as it is very easy to switch between funds
The 2 funds are:
INVESTEC GLOBAL GOLD
MERRILL LYNCH GOLD & GENERAL
Good gold buying advice is on Zeal
http://www.zealllc.com/2006/goldbull2.htm
http://www.zealllc.com/2006/goldvalu3.htm