Latest / Your Money, Your Rules | Financial Mastery, Wealth Mindset, Leadership Principles, Intuitive Decision-Making, Human Design / Ep. 71 The Federal Reserve and the book "The Creature from Jekyll Island"

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Ep. 71 The Federal Reserve and the book "The Creature from Jekyll Island" · Your Money, Your Rules | Financial Mastery, Wealth Mindset, Leadership Principles, Intuitive Decision-Making, Human Design

• 0:00
  Erin Gray: You're listening to generate a life Well-lived podcast.
• 0:02
  Erin Gray: I'm your friend and confidant, erin gray.
• 0:04
  Erin Gray: On this podcast, we will explore all things money, business and self-development, including human design.
• 0:10
  Erin Gray: I hope you enjoy the journey where I share everything that I know and am continuing to learn a long way as I honor my heart's desires while inspiring and encouraging you to do the same.
• 0:20
  Erin Gray: Hi, how are you?
• 0:22
  Erin Gray: So?
• 0:23
  Erin Gray: On today's podcast, I am going to talk about a book called the Creature of, or Creature from, jekyll Island, and I had this epiphany a couple months ago through women that I've supported, people that I've talked to, just about their relationship with money and recognizing that if we feel shame, guilt, inadequate, just a lot of those lower vibration feelings with money, it doesn't leave us in a space to feel curious about money.
• 1:01
  Erin Gray: And if we aren't curious about money, then we don't typically learn about money, which keeps us kind of in that cycle of not knowing about money.
• 1:12
  Erin Gray: Understanding money and obviously one of my passions is empowering people, women specifically.
• 1:21
  Erin Gray: I have coached and do coach men but women, helping them understand what I always have said like the 3D of money understanding how money works, how your taxes, how your books work, understanding how to read the numbers along with the emotional aspect, and I think a lot of times we think it has to be one or the other, but it really is both.
• 1:48
  Erin Gray: And so when we feel, I want you to ask yourself, how do you feel on a consistent basis with money?
• 1:55
  Erin Gray: And is that a place for you where you are able to be curious about how the banking and the financial system works?
• 2:05
  Erin Gray: And this isn't a place, you know.
• 2:08
  Erin Gray: Sometimes when I ask questions I can just see the shame come over clients, and that's not the goal.
• 2:15
  Erin Gray: It's not to feel shame, it's just to recognize where we are.
• 2:20
  Erin Gray: And I really think the banking and the financial system I never want to say anyone ever does anything to us, because that feels very disempowering.
• 2:29
  Erin Gray: But I do think there are powers that be that you know my mentor calls them dark forces, that they they really thrive or really hope that most of us don't understand how these systems work, because then we won't question it, then we won't say, hey, things need to be different.
• 2:52
  Erin Gray: So that was the aha that I had, which obviously makes me want to spread the word and talk about money more and really help as many people as I can change their relationship with money, because when we feel good about money, when we generate it in ways that feel so good to our soul, when we spend it in ways that nourish our soul, when we give it and have it and circulate it in ways that are empowering, that feel good to us, then we get to do more of that and more people get to see that and more people can also understand and recognize they can have that as well.
• 3:39
  Erin Gray: So I would advise you, go out, read the book of Creature from Jekyll Island.
• 3:46
  Erin Gray: You can either get it on Amazon or you can get it at the library.
• 3:50
  Erin Gray: It's also on audiobook and basically the book is about the Federal Reserve and its role in the economy and the in the economy and the, basically the implications of, like, why does it even exist?
• 4:08
  Erin Gray: And so I'm going to give you the cliff note version.
• 4:11
  Erin Gray: I'm going to type in also, obviously, and say some of my comments to kind of the cliff notes of this, but my goal is always for to empower each person that comes across my path, overall, obviously, and also with money.
• 4:27
  Erin Gray: So the premise is that several men I think there was seven or eight of them bankers, mainly politicians.
• 4:32
  Erin Gray: We're talking like the Rockefellers, the Rothschilds, the JP Morgan like bankers back in the 1910s and I think there was maybe one or two politicians they got together on a secret island called Jekyll Island to form a plan to create a central banking system in the United States.
• 4:51
  Erin Gray: Because here we go back to dark forces, and when people are coming from a place of fear and greed and believing that you know scarcity, that there isn't enough, then they think that the more that other people get, then they don't get, which is complete and utter bullshit.
• 5:12
  Erin Gray: But that's what lower vibration beings that do not have our best interests at heart act and do so.
• 5:23
  Erin Gray: They got together and they felt like that.
• 5:25
  Erin Gray: A lot of banks were in direct competition to their banks, so they wanted to maintain control, and so they got together and formed a plan to create what we call now the Federal Reserve.
• 5:38
  Erin Gray: And one of the key things that the author the author is G Edward Griffin, one of the things that what Mr Griffin says in the book is that the Federal Reserve operates like a cartel, and I was thinking about this the other day.
• 5:56
  Erin Gray: I'm like you know the only difference between which I mean, this is my idea, so, but like the difference between a drug cartel and then like a lot of the cartels that are actually happening in our, at least in the Western society.
• 6:09
  Erin Gray: Between you know the financial, the banking system, the political system, the medical system, the media, the entertainment industry.
• 6:17
  Erin Gray: The only difference between drug cartels and all of these other ones is is the drug cartels like own it.
• 6:24
  Erin Gray: They're not trying to hide what they're doing, and in these specific cartels they do.
• 6:29
  Erin Gray: The thought process is that they created the Federal Reserve to serve the interests of the banking elite versus the general public.
• 6:41
  Erin Gray: And one of the things that Mr Griffin talks about is how the Federal Reserve has the ability to create money out of thin air.
• 6:48
  Erin Gray: And they do this by just printing money.
• 6:52
  Erin Gray: And the only reason they can just print money is because we are on a fiat system, or it's called fiat money, and fiat money is just, basically, there is no um, it's no longer tied to the gold system.
• 7:04
  Erin Gray: So because we have been taken off of the gold system, because there is no dollar bill now associated with the gold right that's how it used to be they have the freedom to just print money whenever they want to, and they also do this by the process of what's called a fractional reserve banking, which I'm sure you know about this.
• 7:29
  Erin Gray: Basically, whenever you put your a hundred dollars in the bank, they don't keep your a hundred dollars in the bank, right, they farm it out and they loan it out and that's how they create it's all fake money.
• 7:41
  Erin Gray: But they create their money by interest in loans and what used to be I mean it's even gotten worse.
• 7:50
  Erin Gray: What used to be, you know, they, they had to have reserves of like 10%.
• 7:53
  Erin Gray: Now I think you could fact check me, I'm not exactly sure, but I want to say like it's either gone away completely or it's like very minimal, like 1%.
• 8:02
  Erin Gray: Not that 10% was much better, but you get the point.
• 8:05
  Erin Gray: So the fractional reserve banking's idea or premise, right, is they get the banks, get to take your money and then they lend that money out and create more money, right, and this is what leads to inflation and the devaluation of currency and it benefits the banking elite at the expense of you and me, elite at the expense of you and me.
• 8:38
  Erin Gray: So this, the book, really explores how the federal reserve has been pivotal in financing wars and manipulating the economy.
• 8:43
  Erin Gray: He even goes on to say as much as like they part, they were a big part or even created the great depression and, as I mentioned before, a lot of these banking elite.
• 8:53
  Erin Gray: Right, because I mean, obviously I haven't talked to them, but when, when someone acts from this place of greed and power and you're driven solely by profit, don't get me wrong Profit is important in a business, but it's not the main reason why we go into business.
• 9:10
  Erin Gray: Right, go into business for impact, for helping others and obviously making profit part of it, but not the main reason.
• 9:19
  Erin Gray: And when we feel greed, when we feel like if someone else has we can't have, which these guys typically operate from, it comes from that scarcity mentality, mindset.
• 9:33
  Erin Gray: And so he talks about how you know the central banks can manipulate the interest rates and control the money supply, and he dives all into about the bailouts and how you know these banks and even corporations.
• 9:51
  Erin Gray: I mean, we saw it in 2008, 2009.
• 9:53
  Erin Gray: I mean, if you think about it, if a business is not able to be solvent, then over a period of time, then it's not a business.
• 10:03
  Erin Gray: And how much pressure was put on some of these banks to take bailout money, even though they were solvent, even though they didn't have any issues, because these other big banks were wanting the money, the bailout money.
• 10:21
  Erin Gray: And if you know, from the public's perception, if you gave bailout money to these certain banks and you didn't give it to the other banks, the concern was, hey, the American people are going to be like what's up?
• 10:34
  Erin Gray: What's happening?
• 10:34
  Erin Gray: Why are only some banks getting bailouts?
• 10:37
  Erin Gray: And so he even goes into depth and talks about how, during that time frame, a lot of bailouts were forced upon banks that were very solvent, because it didn't want to raise any red flags.
• 10:51
  Erin Gray: And what I love that he talks about also is just, he reveals the extent to which central banks can intervene in the economy and it really starts to raise questions about their accountability and transparency.
• 11:06
  Erin Gray: And don't quote me exactly, I think this is either in his book or I've read it somewhere else.
• 11:11
  Erin Gray: But basically, when we put money in the bank, it's not necessarily our money.
• 11:16
  Erin Gray: Yes, it's in our, it's in our name, but the way that the banking system has now organized itself for lack of a better word is that they're they're able to take your money and go and use it to make loans and things of that sort.
• 11:32
  Erin Gray: So what does all this have to do with me and you?
• 11:35
  Erin Gray: You know the more that we are unaware that we are not looking into these systems and understanding how money works, the more that we could be at risk for things which are not so kind and loving to happen to us in regards to, you know, the banking system, the financial industry and beyond.
• 11:58
  Erin Gray: I didn't even get into how the stock market works.
• 12:02
  Erin Gray: Who actually controls the stock market in terms of managing the funds and things of that sort.
• 12:10
  Erin Gray: I do want to say that I do think over the next six to 12, 18 months, you know we're headed for some big stuff, but when, in 2008, when the last big crash happened the yield curve was inverted and basically what that means is if you invest in a bond and I'm just making this very, very simplistic If you invest in a bond that is short term like, say, it's a year typically your interest rate is going to be a lower interest rate than if you were to invest in a 10 year bond.
• 12:51
  Erin Gray: Right, because you're not tying your money up for 10 years, you're tying it up for one, and so the reward for one year versus 10 vastly different.
• 13:00
  Erin Gray: But the yield curve is typically right.
• 13:04
  Erin Gray: It goes kind of like a hockey stick the longer term, the higher the interest.
• 13:08
  Erin Gray: An inverted yield curve is the opposite.
• 13:11
  Erin Gray: It means it's higher interest for short-term bonds and it's longer term bonds are lower interest, and the yield curve has been inverted since, I believe, 2022.
• 13:22
  Erin Gray: So I say all that to say that typically, when the yield curve is inverted, there is a recession.
• 13:30
  Erin Gray: The stock market is going to have a drastic decrease, and it hasn't yet.
• 13:38
  Erin Gray: It has continued to go up and up and up, and I just want to encourage you like, don't take my word for it, go do your own research, but look at some of the big guys.
• 13:50
  Erin Gray: I mean Warren Buffett.
• 13:51
  Erin Gray: He has, over the course of 2024, I think he's gone to, I think he now has over 200 billion in cash, and so what happens is is you have the media and the news saying one thing and then you actually see what the big guys are doing, which is the opposite, and I just think that the market is at a place where it's going to come down.
• 14:19
  Erin Gray: What we are seeing in the market isn't reflective of what's actually going on in the economy.
• 14:24
  Erin Gray: This is why I'm so passionate about educating people doing your research, understanding how these systems work, so that we aren't the ones left holding the bag.
• 14:35
  Erin Gray: You know, in human design they talk about, there's going to be a big change by 2027.
• 14:40
  Erin Gray: And I I truly believe that we're seeing it right now and it's the beginning, and I think sometimes everything has to come crashing down, burning down, in order for us to rebuild the way that it really is meant to be or has been meant to be all along.
• 14:59
  Erin Gray: And I just want to encourage you to dive into understanding how the banking and the financial industry works.
• 15:10
  Erin Gray: Changing our relationship with money is so important because the more of us that change our relationship with money, the more that we talk about money, the more we make it an open access conversation, just like you would the weather, and I think the more of us that I mean you're listening, so obviously you care, you want to make change in the world, want there to be change in the world, and the more of us that are empowered, have sovereignty we all have sovereignty, but we forget it sometimes the more of us that are empowered and we understand how money works and we have a good relationship with money, the more I truly believe that we can help ourselves, help others and also change the way that some of these systems have been set up.
• 16:05
  Erin Gray: So if you've got questions, you know where to find me.
• 16:08
  Erin Gray: You can message me through the show notes.
• 16:13
  Erin Gray: You can send me an email at support at generate a life well livedcom.
• 16:17
  Erin Gray: I'm here for you.
• 16:19
  Erin Gray: I want to support you to change your relationship with money, to become more empowered, so that we can truly make an impact in the world.
• 16:27
  Erin Gray: Thank you, as always, for listening, for tuning in every week.
• 16:33
  Erin Gray: Several of you reached out regarding episode 69 with Kylie Weathers about her leaving the Mormon church, understanding attachment styles, and said it really impacted you guys and I just appreciate you listening and tuning in every week and also sending so much love and feedback.
• 16:59
  Erin Gray: So until next time,