Federal Reserve: The Trillion Dollar Conspiracy

Federal Reserve: The Trillion-Dollar Conspiracy by Gary Allen presents an exposé of the Federal Reserve System, tracing its origins to the concentration of financial power among major banking interests and the secret 1910 meeting at Jekyll Island. Allen argues that the Federal Reserve, despite its public appearance, places enormous control over money, credit, inflation, and economic cycles in the hands of a powerful financial establishment. He examines the Federal Reserve Act of 1913, the Federal Open Market Committee, the creation and contraction of the money supply, government debt, inflation, recession, and the connections between leading bankers and policymakers. Allen contends that these mechanisms have transferred wealth and influence away from ordinary Americans while expanding both banking and federal power, and concludes with proposals for congressional action and fundamental monetary reform.