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The Narrow Bank (TNB) Files Suit Against Federal Reserve by: Lara Murphy Reporting A recent article in Bloomberg explains that individuals representing “The Narrow Bank” (TNB) have filed suit against the New York Federal Reserve for refusing to grant them an account with the central bank. Although Fed officials cite vague “policy concerns” with the TNB business model, cynics think the explanation is very simple: the Fed doesn’t want outsiders to join the club of those eligible for its guaranteed interest payments. Some background: Back in October 2008, soon after the fall of Lehman and as Congress was debating the TARP program, the Fed initiated a new policy ofRead More →

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The Federal ReserveThe Creature from Jekyll IslandBook and Audio from G. Edward Griffin The Creature from Jekyll Island-A Second Look at the Federal Reserve is a non-fiction book written by G. Edward Griffin. In this posting we will provide an opportunity for you to download a shortened audio version of the book to help you gain knowledge of how the Fed was created and what it stands for. 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 theRead More →