Badlands Book Club: The Creature From Jekyll Island - Chapter 20 Part 1

Ashe in America and CannCon start Chapter 20 of The Creature From Jekyll Island, The London Connection, and get through Part 1 this week. G. Edward Griffin picks up after the National Banking Acts and follows the booms and busts that came next, from Jay Cooke's pamphlet calling the national debt a national blessing to the panics of 1873, 1884, 1893 and 1907. The crew covers the rise of the House of Morgan, from George Peabody's London firm to Junius Morgan and J.P. Morgan, the Morgans' ties to Britain and the House of Rothschild, and the bank's role selling Allied war bonds and shipping munitions before America entered World War I. They close on England's dilemma after the war and its return to a fractional gold standard, with the old money versus new money debate and a nod to the 2008 bailouts along the way. Part 2 of the chapter is coming next week. Grab the book, read along, and join the bad mood hour.