Greenspan, changing his spots...

Before Alan Greenspan was appointed as Chairman of the Federal Reserve by President Regan in 1987, he had served on the Board of the J.P. Morgan Company. Before that, however, he had been an outspoken champion of the gold standard and a critic of the system's subservience to the banking cartel. In 1966 he wrote:

"When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to the U.S.... The "Fed" succeeded: it stopped the gold loss, but it nearly destroyed the economies of the world in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market--triggering a fantastic speculative boom.... As a result, the American economy collapsed."

After his appointment to the Fed, Greenspan became silent on these issues and did nothing to anger the Creature he now served.

(This is an excerpt from G. Edward Griffin's book; The Creature from Jekyll Island, a second look at the Federal Reserve, p. 474.)

Editor's note: This may be one of the best books I have ever read on the subject of central banking and the Federal Reserve. It is a "must read" for anyone truely interested in economics, the real cause of war, and the manipulation of markets all over the world.