The Creature from Jekyll Island

"The Creature from Jekyll Island"

Book Club Interactive:  Utilize Meg’s Blog to discuss the Federal Reserve – What do you know about our monetary system?  How does this system impact you?

Book:  The Creature from Jekyll Island, G. Edward Griffin

Link to Book: www.amazon.com (4th edition/2008)

Rules: This forum is intended to promote higher education of our monetary system. It is also a forum to discuss any topic that will empower an individual or individuals to make informed and positive financial decisions. If you have something educational to promote, you are welcome to do so.  Please feel free to express your political views; but do so kindly, being respectful of others.  There are many people who come here to learn for learning’s sake. If you feel the need to bash a candidate, or anyone for that matter, please excuse yourself!

Introduction:  “IT TAKES A VILLAGE”…an African proverb that I believe in whole-heartedly.  I have become the expert in my field due to the people entrusted in every loan transaction – from the underwriter, to the appraiser, to the real estate agent, the first-time homebuyer, and real estate investor.  I want to invite you along this journey as we explore this book. I look forward to learning from you! My first question is:

1. What do you know about the group of people that make our monetary policy?
See Appendix – pg. 590. Did you know that there is a national Board of Governors, appointed by the President, confirmed by the Senate, whose sole function is to determine our system’s monetary policy?

2. Knowing this, how important is it that you vote in this election?
Which candidate makes the most sense to you and WHY?

3. Did you know that the U.S. has experienced nine (9) market “crashes” since the reserve’s inception in 1913?
Were you a part of any of these market “crashes” and if so, how long did it take for stability to be experienced?  If not, what do you think it’s going to take for the United States to get back on its feet?  Do you think we should go back to the gold standard?

4. HOMEWORK: Read Chapter 1 with the question in mind,
“Is our Federal Reserve System a cartel or does it protect my interests?”

I’m looking forward to hearing and learning from you!
 

Megan McDonald, Licensed Mortgage Planner
Excel Home Lending
383 Inverness Parkway, Suite 140
Englewood, CO  80112
Cell: 303-717-9995
Fax: 303-468-6133
www.excelhomelending.com
www.mcdonaldlendingservices.com 

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4 Responses to “Book Club: “The Creature from Jekyll Island””

  1. Rod Hill said

    Megan, what a great idea for a Forum. This topic is up my alley and I will try to read and respond as I can. I was just thinking about you the other day. Hope you are doing great.

  2. Molly said

    I’ll check this out from the library and get reading. I’m always up for a book club and literacy- especially if I can learn something new! Thanks for the great idea.

  3. Christine McDonald said

    Megan,
    Thanks for trying to make all of us more literate in these important areas!

  4. Christine McDonald said

    Megan,
    Thank you for trying to make us all more aware and literate in such an important area!

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