but they actually drafted the poor reserve act on jekyll island in 1910. it took that much time to promote it and get it through congress. >> henry davidson, senior partner. assistant secretary of the treasury, president of national city bank of new york. partner representing the rothschilds in europe. they represented essentially one-fourth of the entire wealth of the world. >> the entire world. an incredible statement. that is not my appraisal, but that was the opinion of the journalist at the time who was writing about these people. not in connection with the federal reserve, but prominent bankers and they talked about the jekyll island group, for example, and then these bankers in particular. and the investment houses. but they said these men represented directly to the power that they held in their own hands and indirectly to the money that was concentrated in the investment firms, the insurance companies and the banking companies, put it altogether. one-fourth of the wealth of the entire world. that concentration of wealth is only increasing since th

it must be good. >> host: in your book "the creature from jekyll island" what is your answer? >> it is a cartel. not a government agency. it does have the power of government because it does give the power of the enforcement nothing different they and the banana or more sugar cartel. they drew up rules and regulations to self regulate then sent it to congress with the federal reserve act. that is why rethink it is it government agency said you go to prison but it is a banking cartel. >> when did you get interested in this topic? >> in the '60s. what was the cause of inflation? so started to do research and never produced the documentary but eventually i got the box back out there is no great milestone -- milestone along the way. that it was an important topic to the future of our country. >> you write it "the creature from jekyll island" fdic is not insurance? >> it is hard to answer. the problem when you over insurer something to the point* of no risk at all, then there is a tendency for what you insure against to have been. you have the store ensured $41 million and a burns

edward griffin "the creature from jekyll island" in the 302nd printing also the president of freedom force international. what is it? >> it is a group or organization that is international that want to to bring about positive change. they have a plan. they don't just complain. it is to reverse the process but those to have a lot to gain, they say i've gained a lot already? they have acquired the power to move into the power center of our society. they know people follow and maybe political parties are made reunions or media outlets than only a few people can lead the many. have lost control because the power center is in control of those who want it to look like it does. we bring people together into a network into those power centers to reclaim power and authority. realities zone is the commercial site we sell things documentary's, recordings, b ooks and video what we hope to achieve. >> realities o.com is the website. 32 printings. five editions. "the creature from jekyll island" how many have you sold? >> approaching half a million. very close. >> host: g. edward griffin is our gu

they went to jekyll island. knob knew they were going. they had a meeting that was in great deal of secrecy. they denied they went for many years thereafter, you know, but they actually drafted the federal reserve act on jekyll island in 1910, and the next three years, it took that much time to promote it and get through congress. >> william howard after it was president? >> yes. >> and the six gentleman who were there, nelson, a republican in the senate, henry davis and senior partner of jpmorgan, assist

. >> you asked the question in your book, the preacher from jekyll island what is the federal reserve and what is your answer? >> what it is is a cartel. it's not an agency. it has the appearance of being a government agency and they went to great lengths to get at that sod. it does have the power of government because congress voted to give the power of enforcement to it. but in its essence underneath it is a cartel. it's nothing different than a banana a cartel or an oil cartel. it happens to be a banking cartel. they got together and drew the rule of the regulations for their own industry, cells regulate their industry has with cartels do and then they send it to congress and they took up the label of the top that said banking cartel and is said federal reserve act. congress passed into law and that is why we think it is a government agency is because if you don't obey the rules they sit down for their own industry you go to prison. so it looks like a government agency. but the answer to your question it is a banking cartel. >> when did you get interested in this topic? >> i first

thirty-two printings, five editions of the creature of jekyll island. how many of the city's old? >> i think it is approaching about a half a million now. >> c. edward griffin has been our guest. >> coming up from the annual libertarian conference freedom fest when the mcelroy touch with book tv about her book of essays , the art of being free to all politics verses the every man and woman. this is just under 15 minutes. >> and here on book tv on c-span2, we continue our coverage of c-span 2012 from las vegas. the libertarian gathering that is held annually out in this city, and we have been talking with several different authors. you want to introduce you to another of the right now, and it is windy mcelroy his book is called the art of being free, politics verses the everyman and woman. wendy, first of all, tell us about yourself. >> well, i am an individualist. very active in libertarianism for about 40 years now since i have been running since i was 15 years old. this book is my reaction to september 11th basically. when september 11th happens i started to rethink everything a