Reality of Money – G. Edward Griffin

Reality of Money - G. Edward Griffin - Conspiracy Reality TV

It’s not an exaggeration to say that the entire nation is working to support and invisible master. And doing so without resentment or complaint because for the most part the people are totally unaware of that fact. They have been economically conquered in a quiet war of which they have been totally unaware. Mariner Eccles was the governor of the Federal Reserve system in 1941. And on June 24 of that year, Eccles was asked to give testimony before the House Committee on Banking and Currency. Now, he didn’t like to do that. And reading through that testimony is interesting because, you think politicians can sidestep answers and be like a greased eel, you should read the testimony of the governors of the Federal Reserve Board. They’re masters. But in this one segment he was pretty straight forward. The purpose of the hearing was to obtain information regarding the role of the Federal Reserve in creating the conditions that led to the depression of 1930s. I want to talk about that later. Congressman Wright Patman, who was Chairman of that Committee asked,
“How did you get the money to buy those $2 Billion worth of government securities in 1933?”
Eccles answered, “We created it.”
Patman, “Out of what?”
Answer (Eccles), “Out of the right to issue credit money.
Question, “And there is nothing behind it is there except our government’s credit?”
Answer, “That’s what our money system is. If there were no debts in our money system there wouldn’t be any money”, end quote.

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