Book Review: The Federal Reserve Bank

The Federal Reserve Bank, by H. S. Kenan

How is it that one goes about writing about the Federal Reserve bank?  By and large, the friends of the reserve system have not written about the bank.  It is possibly thought–and would not be unreasonable to think–that giving details about how the bank operates would not lead people to view the bank in a positive fashion.  Those who write about the bank and seek to understand how it operates and how it was planned to be have tended by and large to be foes and enemies of the bank, and so it is here.  It is hard to write about something that is powerful that one opposes without getting into apocalyptic reading about the sort of disasters that would come, and so it is here.  If the book is not friendly towards the Federal Reserve system, it does provide a great deal of insight into how it is that one writes about something one detests.  This book is not the best example of such writings, but it certainly provides a worthwhile example of such types of literature and can provide an example of the sorts of materials that are included when one wants to critique public policy.

This book is nineteen chapters long and about 250 pages long, and its materials are an odd assortment of critiques and exposes.  The book begins with an introduction, foreword, and author’s preface.  After that the author criticizes bankers as international vultures (1) and then discusses the definition of money (2), the creation of money (3), and a discussion of the mechanisms by which the federal reserve creates money (4).  The author asks who owns the federal reserve (5) and then asks the reasonable question of why the Federal Reserve Act was passed in the first place (6).  There is a chapter on the relationship between money, credit, and debt (7) as well as a look at the limited amount of dealers in government bonds (8), as well as a couple of chapters that deal with the quietness (9) and profundity (10) of the revolution that was wrought through the federal reserve system.  The author then looks at the beginning (11) and provides a discussion a speech on the federal reserve system (12) at the time it was enacted.  From here the author moves into conspiratorial territory by talking about the confiscation of gold (13), the two-prong strategy of Communism in seeking to deal with the West (14), as well as the supposed goals of globalists in enslaving all mankind (15).  The author talks about the lack of resolution in money problems (16) that results from the money dictatorship (17), while discussing the plan of globalists for control (18) and a discussion of what the author believes is the only hope of mankind (19), after which the book concludes with a bibliography.

Is it possible to want to detail the behavior of something that one hates without going overboard?  This book clearly goes overboard in ascribing to the Federal Reserve bank a role of cosmic evil without looking at the larger spiritual forces that would be involved in such a matter.  It is easy to look at the goals of globalists as desiring to set in power and preserve in power a corrupt and unaccountable elite and control the resources and institutions of the world and to view such people as the common enemies of mankind.  We must remember, though, that such people, if enemies of mankind who deserve to be thwarted, remain human beings and deserve to be treated with the honor and dignity that humanity deserves regardless of how degraded a state it can fall into.  One cannot forget as well that globalists view their goals and aspirations as serving the interests of mankind, and if they are grossly mistaken in such thinking, they believe themselves to be motivated for good just like everyone else, and likely think their enemies as evil in turn.  Life in a fallen world means dealing with fallen institutions and coming to grips with our own fallenness, and this book only gets half of that right.

About nathanalbright

I'm a person with diverse interests who loves to read. If you want to know something about me, just ask.
This entry was posted in American History, Book Reviews, History and tagged , . Bookmark the permalink.

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