How The Federal Reserve Creates Money From Thin Air The Mandrake Mechanism G. Edward Griffin Bull Not Bull on February 9, 2006. THE MANDRAKE MECHANISM . . . The method by which the Federal Reserve creates money out of nothing; the concept of usury as the...
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How The Federal Reserve Creates Money From Thin Air The Mandrake Mechanism G. Edward Griffin Bull Not Bull on February 9, 2006. THE MANDRAKE MECHANISM . . . The method by which the Federal Reserve creates money out of nothing; the concept of usury as the payment of interest on pretended loans; the true cause of the hidden tax called inflation; the way in which the Fed creates boom-bust cycles. In the 1940s, there was a comic strip character called Mandrake the Magician. His specialty was creating things out of nothing and, when appropriate, to make them disappear back into that same void. It is fitting, therefore, that the process to be described in this section should be named in his honor. In the previous chapters, we examined the technique developed by the political and monetary scientists to create money out of nothing for the purpose of lending. This is not an entirely accurate description because it implies that money is created first and then waits for someone to borrow it. On t
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