by Jimmy Flatbush

Created on: September 28, 2010   Last Updated: September 29, 2010

One of my favorite movies recently aired on the Fox Movie Channel (FMC). Released in 1969, “Butch Cassidy and the Sundance Kid” captured the imaginations of audiences throughout the world. As the movie’s producer Richard Zanuck put it in a FMC interview, audiences rooted for the bank robbers, and they cheered after every successful heist. Zanuck recalled the initial screening of the movie, when people rose to their feet after the two protagonists eluded a dogged posse.

Bank robbers and counterfeiters have been in movies since the dawn of the silver screen. Many of the so-called “bad guys” have been based on real life characters such as John Dillinger and Al Capone. While men with badges hunted down the real life “bad guys” and prosecuted them with zeal, their movie personas received unbridled support from audiences who understood the underlying truth about the “bad guys.” Maybe after all, the true bank robbers and counterfeiters wore suits and carried briefcases.

In his comprehensive (608 pages) and timeless (5 editions) book, “The Creature from Jekyll Island,” author G. Edward Griffin exposes the criminal cabal called the Federal Reserve System. According to Griffin, the shadowy figures behind the biggest fraud in American history had five goals for achieving global banking dominance:

Stop the growing influence of small rival banks, thus ensuring the establishment of a banking monopoly.

Flood the market with phony fiat currency in order to reverse the trend of private capital formation.

Pool the reserves of the nation’s banks into one large reserve.

Shift risk exposure losses from bank owners to the taxpayers.

Convince Congress that the establishment of a central bank is a measure to protect the public from bank runs and shoddy lending practices.

Over the course of a half century, the Federal Reserve System achieved its goals and then some. The model used for the central banking system was copied at Bretton Woods, New Hampshire in 1944, when bankers and politicians created the World Bank and International Monetary Fund with the seemingly noble purpose of helping third world countries attain economic growth and prosperity. Instead, the two world agencies have plundered the resources of poor countries, causing massive starvation and economic chaos.

The premise of the Federal Reserve System is twofold: create money out of nothing by a click of a computer keystroke, and bail out large institutions

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