The Creature from Jekyll Island: A Second Look at the Federal Reserve

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Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You’ll be hooked in five minutes. Reads like a detective story — which it really is. But it’s all true. This book is about the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island will change the way you view the world, politics, and money. Your world view will definitely change. You’ll never trust a politician again — or a banker…. More >>

The Creature from Jekyll Island: A Second Look at the Federal Reserve

I understand how the Fed controls the Fed Funds Rate and I understand that injecting money into the system eases credit woes. However, if the Federal Reserve provides banks with more money, how does that money get translated into money in the money supply? Loans are only temporary, but the money supply increases consistently from year to year?
I understand how open market operations work, but what i don’t understand is how it contributes to the money supply. Money held at banks is not part of the money supply, so i don’t see how OMO’s can permanently increase the money supply.

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EXPLODING THE MYTHS ABOUT MONEY Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions — including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that … More >>

Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free

The Federal Reserve banks made a $52 billion profit in 2009, reaping extra income on the government securities they bought in an effort to stabilize the financial system.

Treasurys recovered Monday as investors continued to digest the recent unemployment data, which reinforces the Federal Reserve’s outlook to keep interest rates low.