This YouTube transcript features Edward Griffin discussing his book, “The Creature from Jekyll Island,” which alleges the Federal Reserve System was secretly created by a cartel of powerful bankers in 1910. Griffin argues the Fed’s true objective is not economic stability, but rather to consolidate power and wealth by manipulating the money supply and fostering inflation, effectively taxing the public while enriching the banking cartel. He details a supposed “mandrake mechanism” by which money is created out of nothing, leading to inflation and ultimately, the transfer of wealth from the public to the elite. Griffin advocates for the Fed’s abolition to restore economic fairness and curtail the concentration of power.