RE: the rest of Edward Griffin’s diatribe against the Fed.
5. It encourages war.
6. It destabilizes the economy.
7. It is an instrument of totalitarianism”
Like I said, no punches pulled and, undoubtedly, some were definitely below-the-belt. If, like me, you’ve never read the book, apparently a major part of his ire about the Fed was how it was launched in secrecy by seven rich men, or representatives thereof (such as J.P. Morgan and John D. Rockefeller). Directly or indirectly, they allegedly controlled one-quarter of the world’s then-existent wealth. This supposed cabal gathered on the QT (not to be confused with QE or its polar opposite, QT, Quantitative Tightening) at an island in Georgia by the same name, a vacation playground of some of America’s wealthiest families.