**The text in this transcript may not match perfectly with audio**

[ANNOUNCER]

The subject matter contained in this presentation is based on Biblical principles and designed to give you accurate and authoritative information with regard to the subject matter covered. It is provided with the understanding that neither the presenter nor the broadcaster is engaged to render legal, accounting, or other professional advice. Since your situation is fact-dependent, you may wish to additionally seek the services of an appropriately licensed legal, accounting, real estate, or investment professional.

"No one can serve two masters. He will either hate the one and love the other, or be devoted to one and despise the other. You cannot serve God and mammon. Therefore I tell you, do not worry about your life-- what you shall eat or drink-- or about your body-- what you will wear. Is not life more than food, and the body more than clothing?

"Look at the birds in the sky. They do not sow or reap. They gather nothing into barns, yet your Heavenly Father feeds them. Are not you more important than they? Can any of you, by worrying, add a single moment to your life span?

"Why are you anxious about clothes? Learn from the way the wildflowers grow. They do not work or spin. But I tell you that not even Solomon in all his splendour was clothed like one of them. If God so clothes the grass of the field, which grows today and is thrown into the oven tomorrow, will He not much more provide for you, oh you of little faith?

"So do not worry and say, what are we to eat? Or what shall we drink? Or what are we to wear? All these things the pagans seek. Your Heavenly Father knows that you need them all.

"But seek first the Kingdom of God and His righteousness, and all these things will be given you besides. Do not worry about tomorrow. Tomorrow will take care of itself. Sufficient for a day is its own evil."

[THEME MUSIC]

[ANNOUNCER]

This is Mejanomics with a Friend of Medjugorje.

[A FRIEND OF MEDJUGORJE]

And this is our first broadcast for 2019. Theres a lot coming this year. Theres a lot to look forward to this year, and we want to start off with something special that gives you some enlightenment for what to look for for 2019.

We told you a few weeks back that the only thing to probably bring down Trump is the central bank, the Federal Reserve, and we see theres movements for that. Throughout Obamas history of his presidency, they didnt do anything with the interest. Now, theyre talking about going up, almost a third time in 2018, and there is speculation that theyre going to go up three times this year. And thats the way to destroy the economy. Thats the way to bring down Trump. All this can be manipulated. Its very dark, and already, we know that the Federal Reserve is very dark. And after you hear an update on silver, well go into this special broadcast to enlighten you about the Federal Reserve and what you need to know about it.

[JASON]

Well, the price of silver, actually, has gone up about a whole dollar just in the last 30 days at the end of 2018. There was actually quite a bit of activity with Century Silver Exchange at the end of the year, lots of people sending in wires to make a purchase before the end of the year. And actually, many people caught it on time before the price increase happened.

We can expect 2019 to be a huge year for silver, and one case in point would be the fact that this November 27, 2019 will mark the 30^th anniversary of Our Ladys Miraculous Medal message in Medjugorje from November 27, 1989.

Many people ask us, Why buy silver? and If I need to buy silver, why should I buy it right now? Well, the first question is easy. One: because silver is real money, and because dollars are simply that. Theyre just paper, fiat money. Its not worth anything. Theres no intrinsic value.

Why buy right now? The biggest reason to buy right now is because price is extremely low compared to the price of silver relative to gold in history. Gold, right now, is tipping the scales at about $1,300 an ounce, and when you look at history, silver should be roughly ten times less than the price of gold, which means that, currently, silver should be selling for about $130 an ounce. Right now, its only about $15 and a half, $15.50 an ounce, something like that.

Weve talked several times on these broadcasts about how the cost of bringing a physical ounce of silver out of the ground and put it on your table right now is about $25. So, a $15 per ounce price of silver right now is basically free silver. The time to buy is now. We know, a Friend of Medjugorje, youve talked many times, recently, about how we basically have 40 years with Our Lady, and that deadline is approaching. So, we know that things are going to begin to unfold more and more rapidly in the next coming years.

So, those answers are simple. Yes, buy silver. Yes, buy silver right now. This is a call to action.

[A FRIEND OF MEDJUGORJE]

Ill add to that, why is silver not at the price ten times less than gold? Its because its manipulated. They sell silver on paper that doesnt exist physically, and so they exaggerate the amount of silver thats out there to keep it suppressed, because if everybody woke up to it, everybody would run to silver, and it would crash the dollar. Theres a manipulation taking place to keep it suppressed. Fifteen dollars an ounce is not its real price. Its falsified through the sham of selling hundreds of millions of ounces on paper, which doesnt physically exist. Thats a real simple explanation of why its not at the value its supposed to be.

In the last couple weeks I heard a clip where Glenn Beck was quoting that Ron Paul was interviewed on NBC, and he agreed that were seeing developing right now, something leading up to what he said, quote, worse than 1929. And of course, that was a super correction. We know were headed toward that. And people who run the Federal Reserve make money on both ends. They dont care.

So, there are some things happening. And Trump has recently said that the Federal Reserve is trying to wreck his economy. And thats why I said earlier and on a previous broadcast, that they can bring him down through this way. Whether its going to happen, or he can out-fox them, thats wait to be seen.

[JASON]

I would just add one point, maybe, finally to your thought there, but you mentioned that suppression exists in the market, and one way to look at this, though, might be to rejoice in the moment that suppression is there, because you can get free silver. You can get free silver right now. You have dollars that are worth nothing. You have a price thats artificially suppressed as, probably, as low as it can be for the most part. And now is the time to do it. Now is the time to take advantage of that and position yourself to be financially strong for the future.

[A FRIEND OF MEDJUGORJE]

Its important that you be saving your wealth in silver. Thats why we did the Miraculous Medjugorje Round, because theres a benefit spiritually, and the benefit of using that to store your wealth.

So, were going to play something we want you to stay tuned to, by Edward Griffin, who wrote the book, The Creature from Jekyll Island.

[CLIP: EDWARD GRIFFIN]

Im Ed Griffin. The program we are about to hear is taken from a recording of a presentation I made shortly after the publication my book, The Creature from Jekyll Island: A Second Look at the Federal Reserve. And so, here it is, as recorded live in Los Angeles, California, The Creature from Jekyll Island.

[EDWARD GRIFFIN]

Id like to go back the first century, B.C., to a tiny kingdom called Phrygia. It was in Phrygia that there was a philosopher by the name of Epictetus, and it was Epictetus who said,

Appearances are four kinds. Things either are as they appear to be, or they neither are, nor appear to be, or they are but do not appear to be, or they are not, and yet, appear to be.

Therell be a quiz on this. When I read that statement, I was sure that if Epictetus were alive today, he probably would be a Harvard professor of banking and economics [LAUGHTER], because doesnt that sound like the kind of explanations that we get when you read through the Federal Reserve bulletins trying to tell you what the money aggregates are and that kind of thing?

See, what Epictetus did was he took a relatively simple concept, that by the time he was through explaining it, we didnt have any idea what he was talking about. And this is so commonly done today by the experts. Nevertheless, I thought that his statement was pretty good because it provided us with a track to run on, kind of a theme for this presentation. Because, you know, if theres anything in the world that is an appearance which is deceiving, it is the Federal Reserve System. In fact, it is one of those appearances of the fourth kind, which Im sure you all remember, for those appearances which are not, and yet appear to be.

So, Id like to use that as my theme for this topic and come back to it now and then during the progress of this presentation, if I remember to do that, and use it as a punctuation point here and there, and as a reminder of one of the most important aspects about the Federal Reserve System that there is to comprehend, and that is, that there are a lot of deceptive appearances going on here.

I think the best place to begin our story is with the creation of the Federal Reserve System itself. In fact, that takes us right to the reason for the title of the book, The Creature from Jekyll Island. For those of you who are not yet familiar with the background of this story, you should know that Jekyll Island is a real island. Its off the coast of Georgia, and it was on that island, in 1910, that the Federal Reserve System was conceived at a highly secret meeting that took place there.

When things are done in secret, theres usually something to hide. And so, Id like to tell you that story and document it so that we kind find out, first of all, that there was a meeting, that the Federal Reserve was, indeed, created there, that, indeed, there was a great deal of secrecy, and then, well ask the question, Why the secrecy?

In 1910, Jekyll Island was completely owned by a small group of millionaires from New York, people such as J.P. Morgan, William Rockefeller, and their associates. This is where their families came to spend the winter months. It was a resort island. It was called the Jekyll Island Club. And on the island, there was a magnificent clubhouse, which was the center of their social activities. You can visit that clubhouse today, as a matter of fact. The island has since been purchased by the state of Georgia, and the clubhouse has been fully restored. Its a beautiful thing. And if you take the tour, you can walk down the corridor there, and there will be a room, and on the door to that room, is a brass plaque, and it says, The Federal Reserve System was created in this room. So, theres no secret about this part of it. Its a matter of public record.

So this is how that story came to pass. It was November of that year, 1910, when Senator Nelson Aldrich sent his private railroad car to the New Jersey railroad station, late in the evening. And there was in readiness for the arrival of himself and six other men who were told to come under conditions of extreme secrecy. For example, they were told to come one at a time, not to dine with each other on the night of their departure. They were told to avoid arriving at the same time if they could. If they should happen to show up at the same time, they were instructed to pretend not to even know each other. They had to avoid newspaper reporters because they were well-known people, and newspaper reporters often frequented the railroad station. Had they been seen, questions would have been asked, especially if several of them had been seen together. One of the men carried a shotgun in a big black case, so that, if he had been asked where he was going, he was prepared to say that he was going on a duck hunting trip. The interesting thing about that is that we find out from his biography that this man never fired a gun in his life. He didnt even own one. He borrowed that shotgun just for the purpose of deception and camouflage.

Even after they got on board this private railroad car, this patter continued. They were instructed to use their first names only to avoid last names. And a couple of them even abandoned their first names and chose code names. The reason for that was so that the servants on board the train would not know who these men were, because they were afraid if the servants had talked about it, word had leaked out in that fashion, then the purpose of the meeting could have been defeated. So, absolute secrecy was essential, all the way up and down the line.

The private railroad car traveled for two nights and a day on a 1,000-mile journey to the south. And when they awoke the second morning, the car was on the siding at Brunswick, Georgia. There, they took a ferry boat across the inland strait to Jekyll Island, then to the clubhouse. And for the next nine days, they sat around a table, and they hammered out all of the important details of what eventually became the Federal Reserve System.

When they were done, they went back to New York. And for quite a few years after that, they denied that such a meeting ever took place. It wasnt until after the Federal Reserve System was firmly established that only then did they begin to talk openly about their meeting and what they accomplished there. Several of them wrote books on it. One of them wrote a magazine article, and they gave interviews to newspaper reporters. And so now, many years later, its possible for us to go back to the public record and discover, in minute detail, exactly what happened on Jekyll Island in 1910.

Now, who were these seven men? The first one Ive already mentioned: Senator Nelson Aldrich. He was the fellow that owned the private railroad car. He was the Republican Whip in the Senate. He was Chairman of the National Monetary Commission, which was that special committee of Congress made to make a recommendation for legislative reform, banking reform, they called it. They wanted to reform banking in America, because the American people were very concerned over the concentration of financial power into the hands of a small group of banks and investment firms in New York on Wall Street. That is what they called, The Money Trust. That was a popular phrase. In fact, quite a few politicians had been successfully elected to office on their campaign promise to break the grip of the money trust. And that was one of the primary purposes of the National Monetary Commission, of which Senator Aldrich was chairman.

He was also a business associate of J.P. Morgan. He was the father-in-law of John D. Rockefeller Jr., which means, of course, that, eventually, he became the grandfather of Nelson Rockefeller, our former Vice President. Remember, his full name was Nelson Aldrich Rockefeller. So, he derived his middle name from his famous grandfather.

The second man at the meeting was Abraham Piatt Andrew, Assistant Secretary of the Treasury. Later, he became a congressman, and throughout his career, he was very important in banking circles.

The third man there was Franklin Vanderlip, President of the National City Bank of New York, the largest and most powerful of all the banks in America. Representing the financial interests of William Rockefeller and the International Investment Firm of Kuhn, Loeb & Company.

Henry Davison was there. He was the senior partner of the J.P. Morgan Company. Charles Norton was there, President of the First National Bank of New York, another one of the giants. Also, there was Benjamin Strong, head of J.P. Morgans Bankers Trust Company. And incidentally, Benjamin Strong, three years later, when the Federal Reserve Act was finally passed, he became the first head of the Federal Reserve System. And finally, last, but certainly not least, Paul Warburg was there, probably the most important man because of his knowledge of banking in Europe.

Warburg was born in Germany, eventually became a naturalized American citizen. He was a partner in Kuhn, Loeb & Company. But he was also a representative of the Rothschild banking dynasty in England and France, and throughout his whole banking career, he maintained close business liaison with his brother, Max Warburg, who was head of the Warburg Banking Consortium in Germany and the Netherlands. Paul Warbug was one of the wealthiest men in the world.

So, those are the seven men on Jekyll Island. And as incredible as it may seem, these men represented, directly and indirectly, approximately one-fourth of the wealth of the entire world in those days. And these are the men who sat around a table on Jekyll Island and created the Federal Reserve System. Does it arouse your curiosity? Whats going on here?

Now, for the skeptics who are here tonight, and I hope there are plenty, because if there arent, I feel like the minister talking to the choir. I know there are always plenty of skeptics in my audiences, and that makes me feel very good. For the skeptics, youre probably wondering, Did it really happen that way? Surely Griffin is exaggerating to make a point. Well, yes, it really happened that way, and Id like to illustrate that by quoting for you just one piece of evidence here. This was taken from an article that was written by Frank Vanderlip himself that appeared in the Saturday Evening Post on February 9, 1935. Remember, Vanderlip was one of those at the meeting. And this is what he said:

I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System. We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come, one at a time, and as unobtrusively as possible, the railroad terminal on the New Jersey Literal of the Hudson, where Senator Aldridges private care would be in readiness, attached to the rear end of a train to the south.

Once aboard the private car, we began to observe the taboo that had been fixed on last names. We had addressed each other as Ben, Paul, Nelson, and Abe. Davison and I adopted even deeper disguises, abandoning our first names. On the theory that we were always right, he became Wilbur, and I became Orville, after those two aviation pioneers, the Wright brothers.

The servants and train crew may have known the identities of one or two of us, but they did not know all. And it was the names of all printed together that would have made our mysterious journey significant in Washington, in Wall Street, even in London, discovery, we knew, simply must not happen

Well, why? Why the secrecy? Whats the big deal here? Whats wrong with a group of bankers going to a private location and discussing banking or banking legislation? And the answer to that is provided by Vanderlip himself in the same article. He said,

If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress.

Why not? Because the purpose of the bill was to break the grip of the money trust, and ladies and gentlemen, it was written by the money trust. Its as simple as that. Had the public been aware of that fact at the beginning, we would never have had a Federal Reserve System. That was like asking the fox to build the hen house and install the security system. Absolute secrecy was essential for that reason. Congress would never have gone for it. The public would never have gone for it.

So there, were face-to-face with a very important fact about the Federal Reserve System that is not generally known today. It certainly wasnt known then, and that it was formed in secrecy because there was deception at work here. But theres more to it than that. Much, much more.

Analyze, for a moment, the composition of that group. Doesnt it seem strange to you that these men were all together? Here, we had the Morgans, the Rockefellers, Kuhn, Loeb & Company, the Rothschilds, the Warburgs, all sitting around a table here, coming to an agreement. Anything strange about that mixture? Well, ladies and gentlemen, these were competitors! Whats going on here? Competitors sitting together, coming to an agreement! These were the giants in the investment field, which, prior to this period, were beating there heads against each other, blood all over the battlefield, fighting for dominance in the financial markets of the world, not only in New York, but Paris, and London. Everywhere. And theyre coming to an agreement of some kind. This is an extremely important fact that is generally overlooked, because it happened precisely at that point in American history, which is sometimes described in our history books as the period of the Dawning of the Cartel. This was that point in American history when a major ideological transition was taking place in business. Big businesses, which had grown to great power and size and prosperity, through the process of free enterprise competition, which is what made this nation great and allowed us to surpass the old world. Now, were in the throws of converting their ideology to that of monopoly the avoidance of competition. It was John D. Rockefeller the first who said it: Competition is a sin. And it became the destiny of these people to avoid competition now at all costs. Their life effort was the eliminate their competition if they could. If that was impossible, then to buy them out. If that was impossible, then to join with them in a shared monopoly, which is called a cartel. And this was the period of history when that transition was taking place very rapidly in all industries. For the fifteen-year period prior to the meeting on Jekyll Island, these financial groups of which we are speaking had increasingly come together in joint ventures rather than compete with each other. They found that it worked. They liked it. And the meeting on Jekyll Island was the culmination of that process.

And now, we come to the second astounding realization about the Federal Reserve System, is that it is not a government operation at all. It is, in fact, a cartel. They created a banking cartel and legalized it by law, passed a law to make it legal and to enforce it. That is an amazing understanding of the Federal Reserve that youre not going to find taught in your textbooks. It is a cartel.

But there is a third element that is even more important that those two for an understanding of what its doing to us. And the third element that we must understand is that this cartel went into partnership with the government. Cartels often do that to enforce their cartel agreements. But, in this case, they did it in spades. Now, when a partnership is formed, there has to be a reason, there has to be a benefit to the partners or theyre not going to do it. So, its a legitimate area of inquiry for us to know and to ask, Whats the payoff to these partners? Why did they do that? Why is the government in it? What does it get out of it? And then well ask and find out why the cartel is in it and what it gets out of it.

In order to see how that functions, we must examine now the mechanism by which the Federal Reserve System creates money. How does money come into being in our country? I call it the Mandrake Mechanism, named after that comic book character of the 40s, Mandrake the Magician. Before I go into this, I need to warn you, folks, about one thing: dont try and make sense out of this, because it doesnt make sense. Its not supposed to make sense. Just remember that this is your good old-fashioned scam, and youll be able to understand it pretty well. Furthermore, I want to tell you that Im going to make this sound very simple because Im stripping out of it all of the banker language and all of the accounting terminology, and Ill speak it as best I can in plain-old English. But I can assure you, even though it may sound like its ridiculously simple, I can assure you that every part of this is 100% accurate from a technical point of view.

So, this is how it works. It starts with the government side of the partnership. It starts, in fact, in Congress. Congress needs money, a lot of money, far more than its income. Taxes only make up a small percentage of what Congress spends. Well, how can they spend more than they take in in revenue? Heres how it works. Congress, lets say, needs a billion dollars for todays expenditures. So, they go down to the treasury, and they ask for the money. And the treasury official says, You guys have got to be kidding! We dont have any money here. You spent it all back in February or March. Everything we took in in taxes is gone. Not to worry, they say. Together, they walk further down the street to the Federal Reserve building. Now, the Fed has been waiting for them, because thats one of the reasons it was created. They walk in, and the officer at the Federal Reserve opens up his desk drawer, pulls out a big checkbook, and he writes a check to the United States Treasury for $1 billion and signs it and gives it to the treasury official.

Now, we need to ask a question at this juncture: Who put that billion dollars into the checking account at the Federal Reserve so that they could lend it or give it to the government? Where did that money come from? And the amazing answer is: There is no money! In fact, technically, there isnt even a checking account. Theres just a checkbook [LAUGHTER]. And that billion dollars springs into being precisely at the instant the officer signs the check. Now, if you and I were to do that, we would go to jail. But they can do it because Congress wants them to do it. This is, in fact, the payoff. This is the reason the government is in this partnership, because the government has instant, easy access to any amount of money at any time without having to go to the taxpayer and ask for it in the form of direct taxes. If they had to go to the tax payer and say, Well, we want to spend this, this, and this. Were going to raise your taxes another $3,000 per family this year, theyd be voted out of office. Not a popular thing to do. They like the Mandrake Mechanism.

But thats why the government is in it. But why is the banking cartel in it? To answer that question, well go back to that billion-dollar check and follow some of the money. The treasury official takes the billion-dollar check and deposits it into the governments checking account, which is, of course, in a Federal Reserve bank, so called, and at that instant, the computers show that the government made a billion-dollar deposit, therefore, it has a billion dollars in its account, therefore, it can write up to a billion dollars in government checks, which it starts to do.

Well follow just a $100 check that it writes to the postal worker that delivers our mail. He takes it now and puts it into his checking account in his personal, commercial bank down the street. Now, the money is finally out of the Federal Reserve bank so-called, out of the government side of this partnership, and its finally into the banking side. Commercial bank. A hundred dollars has been deposited, so the banker goes over to the loan window and opens it up and says, Attention everybody! We have money to loan! Somebody just deposited $100. We have money to loan! And this makes everyone joyous, because thats one of the reasons they go to the bank, is to borrow money. Its nice to know theres money to loan. So, they line up for the money. But theyre a little concerned because it was only $100. But the banker says, Dont worry. We can loan you up to $900 on that.

How is that possible? How can the banks loan $900 when theres only $100 in deposit? Well, it works like this. The Federal Reserve System says that the banks must keep no less than 10% of their deposits in reserve. The bottom line is that the $100 that was deposited there is 10% of $1,000, therefore, the bank can loan up to $900, which is the difference. Now, where did that money come from? The answers the same. There was no money. That springs into being at precisely the point at which the loan is made.

Now, lets analyze an important difference here between these two functions. The money that was created out of nothing and given to the government was spent by the government for its projects. On the other hand, the money that was created out of nothing for the banks, they didnt spend that for their projects. They loaned it to us for our projects, but they collect interest on that loan. So, the bottom line is that they collect interest on nothing, which is not too shabby [LAUGHTER]. This is why the banking cartel is in the partnership, because all of this becomes legal, interest on nothing.

What are the consequences of this? This money that is created out of nothing goes out into the economy, and these new dollars dilute the value of the old dollars that were already out there. Its like pouring water into the pot of soup. It dilutes the soup. When you pour all these new dollars into the economic pot, it dilutes the dollars that are there and so prices start going up and up and up, and we have this phenomenon of inflation, which is the appearance of rising prices. I emphasize the word appearance because, in reality, prices do not rise. Whats really happening is that the value of the dollar is going down. If we had a money which was based on gold or silver or anything else that had intrinsic, tangible value that they couldnt just create out of nothing, you would find that prices would remain stable over a long period of time. And to illustrate that point, its interesting to know that if we had lived in ancient Rome, we would have been able, with a one-ounce gold coin, to buy a very fine toga, a hand-crafted belt, and a pair of sandals. Well, today, what can we buy with a one-ounce gold coin? We can go into any mens store and buy a very fine suit, a hand-crafted belt, and a pair of shoes. The real price of those items hasnt changed in thousands of years when expressed in terms of real money. But when expressed in terms of those paper things we carry around, Federal Reserve Notes we call them dollars. Theyre not. Theyre Federal Reserve Notes. They buy less and less and less because there are more and more and more of them being pushed into the economic pot of soup.

Were still not done with the analysis. So, we lost some purchasing power. Where did it go? Did anybody get it? People dont ask the question, Did somebody get my lost purchasing power? Its as though, Well, it just evaporated. It went up into Heaven or someplace. Its just gone. No. For every loser, there is a winner. Somebody got your lost purchasing power. Who? Lets track it.

Those people who got the lost purchasing power were the ones who were right at the point where the new money was injected into the pot, because they got their hands on it first, and at that point, it had full value. But by the time they spent it and gave it to the next person and then they spent it, and it started moving out toward the edge of the pot where most of us are, then it lost its value. But the ones up at the nozzle were the ones that had gained on our lost purchasing power. Who are they? Well, its clear that the government is number one, isnt it? Because that first check, that billion-dollar check that we tracked, went to the government, number one. They got it first. What about the money created in the banking side of the partnership? Who got that first? Well, the borrowers, didnt they? The ones that lined up at that window. That was the nozzle.

Now, this is something that we all recognize. In times of inflation everybody says its wise to borrow. Why? Because you borrow dollars but you pay pack in dimes. Inflation erodes that thing. You have contracts and you pay back with money that has less and less value. So, the poor guy that gets your payment at the end of the line has lost his purchasing power but you gained it because you were smart enough to borrow in times of inflation. Thats the way it works. Thats one of the reasons they entice people into debt because, Its the smart thing to do. What they dont tell you, however, is that what you are gaining from this process, you are turning around and having to pay to the bank in the form of interest payments on that loan. Interest on nothing. The bank is actually capturing your gain through interest payments.

Now, sometimes you have paper profits. Oh, look at the value of this real estate. Look at the value of this stock. People are paying more and more for it. But dont forget, ladies and gentlemen, that economic conditions can change and these paper assets can contract as well as expand. And when the economy does contract, as usually it does, always it does, then people are wiped out. They dont realize that the boom-bust cycles that weve had since the creation of this Federal Reserve mechanism is like a sawtooth. The economy expands slowly for long periods of time, ten years, twenty years, thirty years. And people think, This is going to go on forever! And then boom, it comes down. Usually very quickly. A lot of people lose their assets. And then it starts again for another for another twenty or thirty or forty years. Oh, its a wonderful ride. Then boom. It comes down. And every time it comes down, people lose their investments.

Notice, however, that when you go to the bank, and they give you something which costs them nothing to create, what do they want from you in return? Signature on the dotted line for your car, your house, all your assets, right? So, if you cant make your payments of this nothing money, they get your marbles. They always win. In times of whether its expansion or contraction, it doesnt make any difference. It was planned that way! Carefully worked out. These people are scientists, ladies and gentlemen.

This is the bottom line, that those who gain your lost purchasing power are the two groups that comprise the partnership in the Federal Reserve System: the government and the banking cartel. Now, this process is a tax. I dont care what you call it. inflation, or what name you want to give to it, it is a tax. If theres anything you remember about this presentation this evening, I hope it is this. That inflation is a tax.

This is why these two groups are in the partnership. On the government side, they are able to tax their citizens in any amount, unlimited amounts of money without the people even knowing that they are, in fact, paying a tax. And on the banking side they are able to collect perpetual interest on nothing.

Well, lets go back to Jekyll Island. We have a lot to learn on that island back on those days because all of whats happening today was germinated right there around that table for nine days. They had a particular problem which was what to call this creature. You see this partnership between government and banks was not new with the Federal Reserve System. It actually was conceived in Europe in the 16^th century. And it was experimented and then finally perfected with the formation of the bank of England in 1694. From that date forward, all of the governments of Europe had used this kind of a mechanism. Of course, they didnt call it the Mandrake Mechanism like I do. They have another name for it. And that is a central bank.

So, when it came time to bring the central bank mechanism to America, these fellas on Jekyll Island knew thats what they were doing, but they couldnt call it a central bank because Congress was already on record as saying they didnt want that. Because they thought that, What we needed in this country was something that was unique for the American economy. And these men debated what to call it. And this was their strategy. They said, First, lets call it Federal to make it sound like its a government operation. Next, lets add the word Reserve to make it seem like there is a reserve somewhere. Next, lets add the word System.

This was far more important than it seems today because, remember, the primary concern was this concentration of power in New York. So, they had to convince the American people that they were creating a system of banks spread over the geography of the whole country. First they were going to have ten, then they said, No, thats not enough. Then they said, We need 12 regional banks to diffuse this power. Or the appearance of diffusing it. Well, we realize today that what we got was not Federal at all. There are no reserves anywhere. Theres not a system in the sense of diffusion of power. And the Federal Reserve banks arent even banks. So on all four words we have appearances of the fourth kind.

It was brilliant deception, and now the next step was to sell it to the public. The first draft of the Federal Reserve pact was called the Aldrich Bill because it was sponsored by Senator Aldrich. And Paul Warburg warned him against that. He said, Nelson, if you put your name on this bill its going to be voted down in Congress because youre so clearly identified with big business interest. And Warburg was right. Congress put thumbs down on it. The bill of the big bankers.

Well, it was a minor setback. They took their bill, they scrambled the paragraphs around a little bit, took Aldrichs name off of it, and found a couple of Democrats to sponsor the bill. Now, this was different because everybody knew that the Republicans represented big business. But they also knew that the Democrats, on the other hand, represented the common man, the working man, the fellow in the assembly line, like Ted Kennedy.

So, they found a couple of millionaire Democrats to sponsor the bill. Carter Glass in the House and Senator Robert Owen, who was himself a very successful banker, sponsored the bill. And now it was the Glass-Owen Bill.

Next, Aldrich and Vanderlip began to give speeches and interviews to newspaper reporters condemning the bill that they had written. They said, This bill will ruin the banks! It will be terrible for the nation! And of course by the time that got into the newspaper and the average person read that, they were saying, Golly! The big bankers dont like this bill very much. It must be pretty good.

You know, you have to give these fellas credit. They werent stupid. They didnt get to be where they were by being country bumpkins. They understood mass psychology. They understood politics and they played their cards exceedingly well.

Meanwhile, these same individuals were, out of their own pockets, financing so called grass roots study clubs that were springing up all over the country, holding public meetings, printing and distributing pamphlets, extolling the virtues of the Federal Reserve Act. They gave huge amounts of money to some of our better known universities in America, established new departments of economics, hand-picked their own people to be the professors to chair those departments. And then those professors began to give speeches and write scholarly essays about how wonderful the Federal Reserve System was. Then at the insistence of Paul Warburg, they added a few excellent provisions to the bill, provisions which seriously restricted the ability of the Federal Reserve System to create money out of nothing.

And Warburgs associates said to him, Paul, what are you doing? We dont want that in our bill. And his reply was classic. He said, Relax, fellas. Dont you get it? Our object is to get the bill passed. We can fix it up later. It was because of those provisions that they won over the support of Williams Jennings Bryan who was the head of the populous movement. He was opposed this bill from the beginning. But when he saw those excellent provisions in there, he said, Oh, well, I guess now I can support this bill. And with his collapse of opposition, the road was now clear, and everybody was for, almost everybody, except a few lone voices, were for the Federal Reserve. And indeed, they did fix it up later.

Since the Federal Reserve Bill was passed, it was been amended over 100 times and everyone of those excellent provisions were long ago removed, and many more have been added which greatly expanded the power and reach of the Federal Reserve System.

And so, with this professional brilliant strategy and deception, it is no surprise that eventually the public and Congress were solidly for the Federal Reserve System. And the bill was passed on December 22, 1913. And The Creature from Jekyll Island finally moved in to Washington, DC.

Id like to focus for a moment on what are the objectives of the Federal Reserve System? Because, were told that the purpose of the Fed is to stabilize the economy and to put an end to chaotic banking.

One of the more popular textbooks used in our colleges and junior colleges today is a textbook on economics written by Paul Samuelson. And heres what he says. He says, The Federal Reserve sprang from the panic from 1907 with its alarming bank failures. The country was fed up, once and for all with the anarchy of unstable private banking. Well, thats what he said, and thats what the students are learning. Lets not challenge that for the moment. Lets just take it at face value because this is the official doctrine, isnt it? The purpose of the Fed is to stabilize the economy and to protect the people. Thats why their raising our interest rates right now. Thats what Greenspan says. Why is he doing this? To help people. Right? To stabilize the economy so we wont have massive inflation. Its for you folks that hes doing this. See? Thats what he says.

And if youre trying to figure it out on the basis of these official pronouncements, youll never get it. Lets just take this official pronouncement at face value for a moment and see how well its doing. Lets give it a report card. Since the Federal Reserve was created, it has presided over the crashes of 1921 and 1929, the Great Depression of 29 through 39, recessions in the years 53, 57, 69, 75, and 81, a stock market black Monday in 87. We all know that corporate debt is soaring, personal debt is greater than ever. Both business and person bankruptcies are at an all-time high. Banks and savings and loans associations have failed in larger numbers than ever before. Interest on the nation debt is consuming half of our tax dollars. Heavy industry has all been but replaced by overseas competitors. We are facing an international trade deficit for the first time in our history. Seventy-five percent of downtown Los Angeles and other metropolitan areas is now owned by foreigners, and over half of the nation, now officially, is in a state of recession.

Now thats the report card of the Federal Reserve System after 80 years of stabilizing our economy. I dont think its even controversial to say that it has failed to meet its stated objectives. The only controversial issue is why has it failed? And my answer is, Because those have never been its true objectives. What are its true objectives? Well, what are the objectives of any cartel? To enhance the profit margins of the members of the cartel and to stabilize their position in the market.

If we hold that in mind, now we get a different picture folding before us. Now theyre not failing at all, theyre succeeding! There were three objectives that the bankers had, the ones on Jekyll Island. They had three objectives in 1910-1913 that they wanted the Federal Reserve System to accomplish for them. And they were very verbose on the topic. And here they are.

They said first, they wanted to stop the erosion of their power away from New York. Thats right. Exactly the opposite of what the Federal Reserve System was supposed to accomplish. Thats what they wanted. This is a good point to mention, that when we talk about the cartel, Im not talking about the small banks that are struggling for survival under the Federal Reserve System. Remember John D. Rockefeller said, Competition is a sin. And one of the purposes of the cartel was to put a check on the competition from these new banks, keep them in their place. Eliminate them, if possible! And to do so through regulation, setting up conditions that the big banks could afford to handle but the small banks could not handle. So, Im not talking about your local banker now. Im talking about the New York cartel. That was objective number one.

Objective number two was to reverse the trend of what they call private capital formation. Now, thats banker language for a trend in which individuals or businesses use their own savings for something instead of going to the bank and borrowing money for it. At the turn of the century, there was a trend toward private capital formation in business particularly. Businesses were holding back a certain portion of their dividends each quarter, putting that money into a sinking fund. And then theres the capital formed, as they save more and more money, then they use their own savings to build a new factory or to launch research and development project, or whatever.

And the banks were extremely concerned over this trend. They wanted to entice businesses back into the banks to borrow money. And they knew that the only way to do that is to lower interest rates. And you may say, Well, why didnt they just lower interest rates? Because youre thinking in terms of today, not then. Today its easy if youre the Federal Reserve System, to lower interest rates, because they have the lever to move it either way, up or down. Totally within their control. But in 1913 there was no lever because the money in those days was backed by gold and silver. And you cant hook a lever onto that kind of money.

Under those conditions, interest rates are the result of the natural forces of supply and demand. People cannot control it. I mean individuals or committees cannot control it. Millions of people interacting in freedom control it. Supply and demand. But its not subject to political control. And they knew that the only way that they could get people into the banks is to artificially depress the natural interest rate. How do you do that? They said that the answer was through a flexible currency. They said what the nation needed was a flexible currency to meet the demands of industry.

Well, what is a flexible currency? Its not this stuff that bends. You need a dictionary to understand some of these things. A flexible currency, ladies and gentlemen, is money made out of nothing. Thats what that means. Now you see, the trick is not too complicated. If you can create money out of nothing, you dont have to charge an awful lot of interest on it to show a profit. So, with a flexible currency, they could lower the interest rates below the natural level, still make plenty of profit on it, and entice the business men back into the banks. So the goal was a flexible currency. That was objective number two.

And objective number three was to pass on the inevitable losses of the banks, pass them on to the tax payers in the name of protecting the people.

Now, those are the true objectives of the Federal Reserve. Lets now issue another report card and see how well it did. Did it keep control with the larger banks in New York? And the answer is yes. We have big banks in the West and in the South, but they are nothing compared to these mega-banks in New York which drive the world with offices in Peking and Moscow and Africa, everywhere. The big banks continue to dominate. It gets an A on its report card for retaining control in New York.

What about reversing the trend toward private capital formation? Boy, did it ever. Interest rates have been pushed down over periods of time. They are so attractive that individuals and corporations thought they were crazy not to take advantage of those low interest rates. Why save your money? Thats stupid. So, they were all enticed into the banks because of a flexible currency. And then, of course, to get loaned up to the eyebrows and something happens in the economy and you cant service your debt anymore, you go bankrupt!

Right now, there are many corporations and individuals just hanging in there by the skin of their teeth because theyre trying to service their debt. And its an amazing fact that many of these large corporations are now sending more money every quarter to the banks as interest payments than they send to the stock holders as dividends. Just think about that. The banks, who made the money out of nothing, are making more money out of large segments of our industry than the people who work for their money, save their money, invested their money, risk their money, to purchase ownership shares in those corporations. And the Federal Reserve System gets an A on its report card because indeed, with flexible currency, it reversed the trend toward private capital formation.

Were they able to pass along their losses to the tax payer in the name of protecting the people? Maybe you missed that part of it, but its called bail out. The game called bail out. Its played something like this. Whenever one of the large banks gets into trouble because someone it has loaned money to, either a big corporation or a third world country, can no longer pay its debt.

So the bank is in trouble. It goes to Congress and it carefully explains to Congress that it must bail out that corporation or that third world country because otherwise its going to hurt the people of America. If that then rebel corporation is allowed to fold, look at how many thousands of jobs would be lost, people would be put on welfare, theyll be out of work, and that will hurt the people.

If that country down in South America cannot pay its loan, Uncle Sam better pay it for him because otherwise the venerable bank in New York would have to write the loan off of its books, and then technically it would be bankrupt. It may have to close its doors. It would collapse. And look at the thousands of people who have money in that bank who would be hurt by that. And who knows, that bank is such a big bank, if it fell, it might be the first domino causing all the other banks to fall. And we could have a major recession or depression on our hands. And look how the people of America would suffer!

And so, Congress dutifully runs to the front and says, Yes, yes. We dont want any of that to happen. And they vote the funds to guarantee the loans, or in some cases, to make outright payments to keep that river of interest payments going to the banks. Not the small banks! The big banks. Here are some of the games you may have missed. Penn-central Railroad was bailed out in 1970, Lockheed Corporation also in 1970, Common Wealth bank of Detroit in 1972, New York City in 1975, Chrysler Corporation in 1978, First Pennsylvania Bank in 1980, Continental Illinois, the largest of the banks so far, in 1982. And all of those countries in the third world who can no longer make their interest payments are now making their payments because they got the money from the international monetary fund in the World Bank which got it from the Federal Reserve System which got it from you and me through the Mandrake Mechanism.

And, my final topic before I reach the conclusion, is one that I think youll find interesting. And that is usury. In the old days, the Biblical times, usury was defined as interest on a loan. Any interest on any loan was usury. Well, in modern times, thats been redefined to mean excessive interest on a loan. Not moderate interest because, well, this is in keeping with the concept that if we work hard for our money, we save our money, we dont spend it, we sacrifice its pleasure, and we loan it to somebody for their venture, were entitled to a reasonable return for that sacrifice. A reasonable interest seems fair and logical to most people.

But what is this thing, excessive interest? Thomas Edison said, People who will not turn a shovel full of dirt on the project, nor contribute a pound of materials, will collect more money than will the people who will supply all the materials and do all the work. I wondered about that when I read it. I thought, Was Tom exaggerating? So, I got my calculator and I punched in the numbers. I took, for an example, a $100,000 house to be built. I assumed that $30,000 was going to go for the land, and the architects fees, and the permits. That $70,000 would go for the actual construction of the house, the labor and the materials. I assumed that the buyer would go to the bank, put 20% down, take out a 30-year loan at 10% interest. I punched in the numbers and I found out that the borrower will pay to the bank, in interest, $172,741 as compared to $70,000 paid for those who did all the labor and did all the work. In other words, the bank will earn 2 times as much money as those who produced.

You may say, Well, yes, but dont forget the time value of money, when you save money and you sacrifice its use, and 30 years is a long period of time and all this. No, not this money, ladies and gentlemen. Nobody worked for this money, nobody sacrificed, nobody saved it. This money was created out of nothing. And I suggest that $172,741 interest on nothing is excessive. I think its time for a new definition of the word usury. Any interest on any loan of fiat money, meaning money made out of nothing.

Now this example of $100,000 house, I should point out to you, is a grain of sand in the Sahara. This is nothing! You have to multiply this process by every house in America, by every hotel in America, every high-rise office building in America, every jet airplane, every automobile, every factory, every warehouse full of materials, every farm building, all the farm equipment. And you are talking about a river of unearned wealth perpetually flowing into the banking cartel that is so wide that you cant even think across it in your mind. The numbers are beyond comprehension.

Where is this money going? You get the mental picture that maybe its going into a big lake someplace. Theres a big dam and its building up; all this money is accumulating. And these people are getting richer and richer and richer. Wrong. It doesnt work that way. When a person has all the wealth that he can possibly want or use for the pleasures of life, what is left? Power. Ladies and gentlemen, theyre spending this money, this river of wealth is being used to acquire power over you and me and our children. They are literally buying up the world with it, and I dont mean theyre buying up the real estate and the hardware. Theyre buying up control over the organizations, the institutions through which people live and act and rely on for leadership and opinion.

Technically, in sociological terms, this is called power-center. These are the power centers of society, the groups through which people work. And this is where this money has been going. Its to acquire control over these groups and intuitions by buying up influence and control over the people who run them. And theyre spending the money on that.

That means that theyre buying up politicians, political parties, television networks, cable networks, newspapers, magazines, publishing houses, wire services, motion picture studios, universities, labor unions, church organizations, trade associations, tax exempt foundations, multi-national corporations, Boy Scouts, Girl Scouts, you name it! Any group, any intuition which exercises influence has been a target for control. And they have a lot of money to spend to acquire that control. Especially those organizations and individuals which supposedly are in opposition to themselves.

This process has been going on not only in our country and in a more or less parallel manner in the other industrialized nations of the world, but ladies and gentlemen, in the so called third world, or under developed nations, it has gone on so much further than you could ever imagine. In fact, it is now complete. These countries have been purchased already with this money.

Did you ever wonder whats going on there at the International Monetary Fund and the world bank? You dont hear much about that. Every once in a while, on the back page of the newspaper, youll read that Congress authorized another $100 billion to go to the IMF to be loaned to some little country or given to them. And they explain to us that this is to raise their standard of living. Well, you dont believe that either. That is an appearance of the fourth kind. Its not going to raise their standard of living. If it is, if thats the true purpose, theyre not doing a very good job of it, are they? Because, if you look at those nations, after all of those decades, and expenditures of hundreds of billions of dollars, you cannot point to one nation that has had its standard of living raised one iota. In fact, in most cases, its the other way around.

The reason is simple. Thats not the reason of the money. The money does not go to the people. It does not go to the businesses of those countries which might have a chance of raising the standard of living. It goes to the politicians in those countries! To the governments. And it is used specifically to strengthen their control mechanisms over the people, to build collectivist, totalitarian systems. Countries that start off as inefficient dictatorships get all the money from the United Nations and end up as efficient dictatorships.

The money is used to strengthen their Army and to strengthen their bureaucracies. These people, for the most part, couldnt care less about the standard of living of their subjects so long as they live well. So long as they have their mansions and their yachts, and their jet aircraft, and their trips to New York and the United Nations, and their suites at the Waldorf-Astoria.

Ideology means nothing to them. Socialism, Communism, Capitalism, Fascism, what does it matter? Where is the money? This is it. And were not dealing with second and third generation welfare families here. You know how hard it is to break a welfare family in our own country after the second and third generation? We have governments around the world that are now second and third generation welfare to the U.N. Theres not a chance in the world theyre going to break away from that money. They wouldnt know how to operate any other way. Its a way of life. They are addicted. And they now are in place in the New World Order. Or theyre just waiting for you and me to show up.

In fact, thats the other side of this. Not only has this transfer of wealth from America to the third world not raised their standard of living, but it has indeed helped to lower ours. And that too is part of the plan. In many ways, theyre trying just to waste money, to reduce our standard of living.

A strong nation is not a candidate to surrender its sovereignty, but a weak nation is. If American can be brought to her knees, if she can be hungry, if she can be filled with despair, if there can be riots in her streets, if she doesnt know where to turn, then she perhaps will willingly accept totalitarian measures from a United Nations peace keeping force. The Blue Helmets might even be welcomed. Or rescue with an international monetary unit that has purchasing power for a while.

This is how its being played out, ladies and gentlemen. And so, I want to just conclude by saying that the name of the game is not wealth. It is power. So, what are we going to do about this? Well, its obvious we have to slay the creature, obviously thats the starting point. We cant allow this creature to continue. But, how are you going to do that? Were going to do that in Congress. Congress created the Federal Reserve System, and Congress can abolish the Fed. But we have to build some fire under the chairs of those Congressmen. We have to get some new faces in there. I dont care if its Republican or Democrat or Independent or what have you. The titles are not important. Its what they believe in, the principles. Those are the important things.

But we do need an informed electorate out there. Its not going to happen unless people know about these issues. And education is our necessity. Sounds kind of boring, doesnt it? Wouldnt it be nice if we could just jump right into politics? But people wont know what were talking about unless they understand the issues. We need an educational army out there, ladies and gentlemen. And its time to enlist. As Patrick Henry would have said it, in fact as he did say it, Our brethren are already in the field. Why stand we here idle?

The bad news, the really bad news is that time is running out. We used to talk about these things. I remember not too long ago, I would talk about some of these issues and people would look at me and say, You got to be kidding. That could never happen in America. And now, when I talk about these issues, they lean forward and say, How much time do we have left?

Its visible, all around us, the New World Order is descending around us. Theyre preparing a world court of justice, a world taxing authority, a world monetary unit, a world army as we speak. Over half of our standing military right now is serving under foreign officers at the U.N. And the process is rapidly moving. So ladies and gentlemen, time is running out. Whatever you plan to do for your country or for your freedom, do it now.

But the good news is, the really good news is that we still can do it. We still have time, we still have freedom. Instead of complaining about how bad things are, or how late the hour is, we should rejoice over the fact that we can still meet as we are here tonight. We can still talk openly, we can still advocate such things as the abolition of the Federal Reserve System. We still have elections! We should rejoice on that fact. All we have to do is go out and work like our very lives and our freedom depended upon it. Because they do. And I think a good place to begin is to send Epictetus back to Phrygia and to convert that grand appearance of the fourth kind into a disappearance of the first kind. Thank you very much.

[END CLIP]

[A FRIEND OF MEDJUGORJE]

So, this audio is done over ten years ago, but its still applicable in the sense that what he said is we still have hope, and hope is descending down from Heaven every day. And Shes not coming for minor reasons. It is for the future and to prepare us for the future, that we be ready! Its Our Ladys words. You, quote, Be ready

This is a time of grace. This is a time of planning. Because youve got abilities to plan that what you can do in one day now may take ten years to achieve when everything breaks down. There is going to be a radical change in the world. You have to position yourself spiritually and physically!

And the physical part is a way of life, and part of that way of life is the Miraculous Medjugorje Round to preserve what you have to turn that in now, when you can buy land or whatever you need to do, by what weve been teaching through Mejanomics, for nine whole years.

[JASON: CENTURY SILVER MANAGER]

Some people raise the question sometimes, Is it too late for me to get started in silver? And you highlighted one of Our Ladys lines in one of Her recent messages in which She said, It is not too late, or, It is not late my children.

For those who are wanting to start immediately in exchanging their paper dollars for the Miraculous Medal Medjugorje Round, we say to you also, its not too late to begin. You can begin today and contact Century Silver Exchange by calling tollfree (877) 936-7686. Thats (877) 936-7686. You can also visit centurysilver.com, or email us at info@centurysilver.com.

And of course Century Silver Exchange is a for-profit subsidiary of Caritas of Birmingham. It pays income taxes on its income and bears its own expenses. If there are any profits left over at the year end, Century Silver may give a dividend donation to Caritas of Birmingham to help further its mission.

[A FRIEND OF MEDJUGORJE]

And so, just reasoning can tell you everything, especially after listening to Griffin and what he had to say and about his book, The Creature from Jekyll Island. We are in demonic times. We are in spiritual Heavenly times clashing together. You need to move out of one to the other. And these are the reasons why we lay out for you to help you make the decisions both spiritually and physically.

We wish you Our Lady. We love you. Goodbye.

[THEME MUSIC]

[ANNOUNCER]

The subject matter contained in this presentation is based on Biblical principles and designed to give you accurate and authoritative information with regard to the subject matter covered. It is provided with the understanding that neither the presenter nor the broadcaster is engaged to render legal, accounting, or other professional advice. Since your situation is fact-dependent, you may wish to additionally seek the services of an appropriately licensed legal, accounting, real estate, or investment professional.

This ends the Mejanomics broadcast with a Friend of Medjugorje. These broadcasts are available as CDs which are sent directly to your doorstep on a monthly subscription. For information, contact Caritas in the U.S. at 205-672-2000.