The Creature From Jekyll Island

EG: In The Creature From Jekyll Island (1994), you emphasise that the Federal Reserve System is a cartel operating against the public interest, generates our most unfair tax of inflation, and is an instrument of totalitarianism. Today in 2025, Christine Lagarde promotes a ‘Digital Euro' as a ‘unifying force within the EU’ and citizens have revolted against the dystopian e-CNY issued by The People’s Bank of China. With the benefit of hindsight, to what extent does your hypothesis now serve as a damning indictment of central banks?

GEG: It The fact that the central banks of the EU and China are the first to announce the issuance of Central-Bank Digital Currencies is not directly related to anything written in my book, but it does relate to my warning of this goal in public addresses and Internet interviews since the creation of blockchain technology. The real point, however, is that the introduction of digital national currencies is the final component of the human-control mechanism being prepared by those honest and wise folks who run governments and banks. The announcements from the EU and China are merely proof that what I have been predicting about this is, not only true, but very close to completion.

EG: What do you think the development of the BRICS alliance portends for the hegemony of the U.S. dollar in global trade, particularly given their focus on developing a non-Western payment system? 
 

GEG: It is inevitable that the BRICS Alliance – or some other alliance – will eventually replace U.S. dollar hegemony. The only question is when. That is not likely to happen so long as the U.S. military and CIA have the ability to bring about regime change in countries contemplating dropping the dollar. I don’t think that is likely to change unless the U.S. is severely incapacitated by civil or international war.
 

EG: How would you define private property and why is allodial title so important to permanently safeguard freedoms in an age where government encroachment increasingly undermines our liberties?
 

GEG:  Private property is defined as anything that is owned by one or more people. To own something means having exclusive and unrestricted legal access to it and the right to use it any way you wish so long as such use doesn’t interfere with the rights of others. Private property is essential for freedom because without food, shelter, clothes, tools, defensive weapons, money, and other essential forms of property, you can’t even exist much less be free. If you don’t have these things, you must depend on others for them and do what they say. If you depend on the state for these things, you must obey the state. Private property is the most important single requirement of liberty because no other rights are attainable without it. Allodial title is important because it is a legal document that prohibits governments from making a tax claim on property unless it was previously sold to the state without coercion. When you realise that private property is a human right no less than the right to defend yourself from assault, then you will also realise that a tax on private property, like a tax on breathing, is ultimate tyranny.
 

EG: With soaring Inflation, concepts like Central Bank Digital Currencies and stable coins controlled by big tech companies in the works, it appears central banks throughout the world have done more than enough damage over the years and that it might not be a bad idea to completely abolish these institutions entirely! How do we go about implementing suitable alternatives that safeguard liberty, and what impact could this have on the American and world economies?
 

GEG: There are no suitable alternatives to central banks, such as the Federal Reserve. Based on what I have learned about the secret origins and unsavoury activities of these institutions, the question seems absurd. Imagine that someone has just been told that he has a rapidly growing cancer in his brain, and that his survival depends on immediate removal. What would you think if he says to the doctor: “But, what will you replace it with?” Central banks are banking cartels. They go to great lengths to appear as agencies of governments that are regulated by elected representatives of the people. In reality, they are private unions of banks that have pressured legislators into converting their cartel agreements into law. The consequence of this vile arrangement is that governments no longer control the banks, but that banks now control governments. There is no way to de-fang these cartels. They are predator creatures born to destroy and plunder. They may pretend to be our protectors  against the very conditions they have created, but they are incapable of reform. In the end, either central banks or free societies will remain. Either we abolish them, or they will abolish us.

   

EG: It has been estimated that more U.S. dollars were printed in 2020 than in the prior 200 years since the founding of the United States of America. Is it fair to say that the establishment of the Federal Reserve System has been one of the greatest crimes ever committed?

GEG: I see this a bit differently than most. To me, the crime is not only the great numbers of dollars pushed into the economy with full knowledge that they will cause a loss in the purchasing power of each dollar, nor is it that so many of those dollars are used to fund activities that are repugnant to common sense and prosperity. My deepest concern is that this entire money-creation blizzard is possible only because it is powered by debt instead of physical assets as prescribed by the Constitution. The fact that our nation’s top political leaders and even justices of the Supreme Court are silent co-conspirators in this “greatest crime ever committed” is a reality that must not be ignored. We can no longer afford to merely talk about this problem. We must become active politically to replace these actors with real leaders and real solutions. (My thoughts on how this can happen are published at www.freedomforceinternational.org.)

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EG: Well Edward, you have been right for decades! Here we are today with a gold price that has reached in excess of $4,000 per OZ! Despite the price, tell us about the importance of continuing to allocate savings into gold and silver at this time in financial history? 


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GEG: History confirms that in times of economic depression, those with gold or silver often were spared the ravages of poverty while others stood in lines at soup kitchens. In times of complete social and political breakdown, those with gold or silver often survived when others perished. It’s good to know that there definitely is a commodity that likely will be very useful in future times of economic stress or even total breakdown. The bad news is that you can’t eat gold or silver, and they don’t protect you from desperate people who will do anything to take them from you. Therefore, if you do have gold or silver, you must also have weapons and a robust group of friends who are prepared to come to each other’s defense. I don’t enjoy being the bearer of this grim truth, but preparing for hard times without knowing the full story would be a serious mistake.
 

EG: Tell us some of the subtle ways in which collectivist institutions convince society that compliance to the loss of individual liberties and freedoms are in our own best interest?
 

GEG:  There is nothing mysterious about this ploy. It’s based on the tendency for the average person to naively believe that those in positions of authority can be trusted for no other reason than that they hold positions of authority. So, when a swede-shoe con artist talks his way into political office, his admiring followers are primed to believe anything he says. If he becomes the king of political corruption and receives huge under-the-table rewards for voting as instructed, all he needs is a cover story to make his sellout sound like statesmanship – and nothing does that better than “It was for the greater good of the greater number.” That’s really all there is to it. The only variable in this is that, sometimes, the sellout is motivated, not by money, but by ideology. In any case the deadly legislation is given a virtuous title that describes an outcome that is the opposite of its intended result. The Patriot Act comes to mind.
 

EG: American banker John Exeter was a member of the Board of Governors of the United States Federal Reserve System and a staunch advocate of gold. Why must every American understand Exeter's Pyramid today?

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GEG: John Exter was an American economist who created a chart in the late 1900s that identified the different classes of investments and arranged them in order of their safety. It placed gold at one end representing maximum safety and derivatives at the other end, representing maximum gain. Silver was added years later by other economists as even safer than gold, presumably because of its industrial demand. Crypto currencies were finally added recently as having more potential for gain than derivatives. It is imperative that those who want to succeed as investors must have a firm understanding of Exeter’s Pyramid and the concepts of risk/reward ratios and risk tolerance. It’s a wild jungle out there with lots of parasites and predators. Those who enter without knowledge, strategy, and preparation will be eaten alive.   EG