Your Money, Your Rules | Money Mindset, Money Management, Abundance Mindset, Budgeting, Spirituality

145 | Inflation, Debt, and the Federal Reserve: What You’re Not Being Told

• Erin Gray | Wealth Coach, Former CFP and CFO

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Have you ever wondered how the banking system actually works?

In this episode, I'm sharing the hidden history of money and how our banking system was deliberately designed to benefit a few at the expense of the many.

I debated on creating this episode because I feel like it can feel so heavy AND I wanted to share from the lens of empowerment. The old fear-based systems of scarcity and control are beginning to crumble, and we’re at a pivotal moment in history. I believe when conscious people create wealth from a place of love and integrity, they circulate it differently and invest it in ways that uplift humanity rather than exploiting it.


What you’ll learn in this episode:

  • Why the Federal Reserve was secretly created 
  • The impact of removing the gold standard in the 1970s
  • How inflation and debt were deliberately built into our system
  • Why these structures were created from a lower-consciousness paradigm
  • How understanding the banking system can help you feel more empowered
  • Why I believe that wealth created from higher consciousness can transform the world


Resources mentioned in this episode:

The Creature from Jekyll Island by G. Edward Griffin



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From my soul to yours,

Erin

Erin Gray:

Today I want to talk about a book that really opened my eyes to the banking industry. I had already started to go down the rabbit hole of the financial industry and understanding how that worked, and then I came upon this book and I want to talk about how the banking industry actually works. I mean this book, it describes it, but who controls the banking industry? What actually goes on behind the scenes? And by reading this book it really empowered me industry, what actually goes on behind the scenes, and by reading this book it really empowered me to see what actually happens in the banking world. And I really walk this line of educating and empowering you from what I call that 5D place right, from changing your thoughts and your feelings and your beliefs and your self-concept around money and just in general right. I really want to elevate consciousness for humanity, not just with money but in every area of our life, and I really really stay focused more so on that, what I call that 5D, that spiritual side, the can't be seen side, and I do think that there is some value in understanding how these certain systems work, what I call in the 3D world, you know, in the observed world, like our financial industry and our banking systems and our healthcare systems and our school systems, and I mean there's so many systems that have been created from a place of lower consciousness, humans that felt and do feel a lot of fear and scarcity and lack, and they have created systems from that place. And I really you know, and I really want you to live in the 5D and live from that expansive place and I think, also, knowing some of the way that these systems are, once you know, once you understand, you can feel even more empowered to then create systems that are more empowered. I think the more of us that wake up to the way that these systems are and they are crumbling on purpose because, like I have always said, you can't create something from lack and expect it to continue and to spit out abundance so the more that we understand how some of these systems work, I think it actually helps us to circulate our money more easily because and invest in ourselves, because we will realize that, like we are our best investment and really understanding that these systems came from a place, at a time, where people, like I said, lower conscious humans created these systems, and I think we are here now to break them all down and rebuild them so that we can really help humanity and create systems that are for the highest good of all.

Erin Gray:

Okay, so the book is called Creature of Jekyll Island by G Edward Griffin. I will put the link for him in the show notes. Like I say with everything, read, do your own homework, develop your own thoughts and beliefs and ideas around this and then go take empowering action from that place. But basically it goes back to 1910 where a group of powerful bankers and politicians like we're talking, the Carnegie's, the Rothschilds, the Rockefellers and several politicians because they needed the politicians to be able to pass some of this stuff into law. But they met on an Island called Jekyll Island, which is off the coast of Georgia. Law.

Erin Gray:

But they met on an Island called Jekyll Island, which is off the coast of Georgia, and it was. It was one of these I don't remember who it was in the book, but it was one of these guys is like vacation homes and it was so secret and nobody knew that they were meeting and their whole mission was to create a central banking system in the United States. And the reason why they wanted to do that is because a lot of these bankers, because they are lower consciousness. They were feeling fear around some of these other banks that weren't as big, in their words, creating competition. So if they could create this central banking, then they could control the banking system and then they could ultimately eradicate some of these smaller banks and they could ultimately have more control over the United States and also the world. So this meeting ultimately created, or the idea was birthed, of creating, this Federal Reserve.

Erin Gray:

And the Federal Reserve as we know it today is a system that issues US dollars and they set interest rates and they essentially control the way and the flow of money in our economy. And I'm going to give you kind of the Cliff Notes version of the book. But I want you to go and read the book and I want you to use your own perception and understand and use it from a place of empowering versus feeling disempowered by this. But the Cliff Notes version is basically that we're going to name it the Federal Reserve, because then people won't question if it's a private entity, which it is, but we'll name it Federal Reserve. People will think it's part of the government and no one will know the difference. So it's really more of a private entity and it has. When I say government ties. What I mean is like, if you scratch my back, I'll scratch yours, kind of government ties. But they named it that Federal Reserve because they thought easy way for just people to be like oh, it's part of the government and the government's looking out for us, so okay, must be good.

Erin Gray:

They create money out of nothing Back in the 1970s, I believe it's, when Nixon took us off the gold standard. By doing that, we can now just print money whenever we want, and by printing money, that is how we create inflation, and so, through lending and through debt, new dollars are printed, and this is where, like I said, we get inflation. And if you really dig into this, I think he explains it. I don't know if he explains it in this book, but maybe it was some of my digging that I did. Also is you will see how the Fed had such a huge part in the 2008, 2009 banking crisis and how the Fed bailed out so many banks that, technically, if they were any other business, they probably wouldn't have been bailed out because they were insolvent, because the way that the banking system has changed how they lend money, how much they actually have to keep on hand, how all of that works, and so it's basically an opportunity for banks to be completely insolvent and no problem, because then they will just continue to receive money from the Fed when they are and I'm air quoting like in tough times, insolvency and the inflation is intentional because by constantly increasing, expanding our money supply, the dollar actually loses value. Now, this is where the part of me that's like well, that doesn't feel very empowering, right, because it just doesn't feel good in my body. I think, also, it's good to understand how these systems actually work, though, and so I always want to think that money is expanding and there's always more money, because it is technically energy, and when we increase the money supply, when we just print money but there's no gold to back it with, that actually benefits lenders. It erodes the purchasing power of you and me, right, and I think it is empowering to know and to understand how these systems work, so that you can then decide how do you want to circulate your money.

Erin Gray:

Debt is actually part of the system. It is built into the system. He talks about this in the book. He talks about how our economy as you know I don't even know what the number of the clock now is at Like 37 trillion is probably at like 38, 39 by now but how debt and borrowing is actually built into the system. It is part of the design and it's done on purpose and the whole point, basically, of all of this around the book is to concentrate the wealth, to try to, over time, create and maintain the power and the resources to these certain families, to these specific people and these systems, so that they can try to maintain their power.

Erin Gray:

And this all comes from you know, I kind of went down this. I would call it let's just use the word dark rabbit hole, cause I was just like holy shit, like how can people knowingly choose such systems and create such such systems that do not benefit the good of all and really aren't looking out for humanity? And so I had to just be there for a while and then I recognized these are people that are acting from a very wounded and hurt place in a lower consciousness. And when people act from that place, they make very different decisions. Because when you are acting from fear, when you are acting from lack, obviously you are not thinking that there is enough money for everybody and everybody gets to enjoy it. And we all get to, you know. Raise consciousness and humanity and enjoy our fruits of our labor and all of that.

Erin Gray:

And I really believe that we are at a time in history right now where these systems are breaking down. There are powers that be that are hiding tooth and nail, and I think we have such a pivotal moment to not just feel empowered but be empowered and know what these systems are like, so that we can help create new systems that empower all of humanity, that serve the highest and the greatest good for everyone. And it's kind of like the pendulum has you know it's coming, it's swinging all the way over to the other side. To come back to the middle of like, how do we actually want to create systems that create abundance and wealth for everyone, not just for a few select few? I know this episode might feel a little bit heavier than normal and I do want to apologize, because that is not typically my MO.

Erin Gray:

I really am always trying to empower you and to educate you from that more higher consciousness, elevated state, and I think it's also really important to understand what's actually happening, so that then we can come back to the 5D and we can choose. What would we love, what would we want to do? I think that's why I'm so passionate about helping you, each of you, create as much money as you want in your life, because when people that are of a higher consciousness, that have love and compassion in their hearts, when they create money from that place and they share it and they circulate it in the world, the world changes and I think we're ready for that, and I want you to know that we have a choice, that we get to choose love and compassion over and over and over again while we are growing and expanding and using our money for the highest good of all. So if this episode speaks to you, I will put the book in the show notes. You can read it. It's a pretty thick book, but it is a very, very enlightening book.

Erin Gray:

And if you want me to do a couple more episodes on the financial industry or things of that sort, I'd be happy to. But send me an email support at generate a life while lived and tell me you want me to do some episodes like this, because obviously I enjoy doing more of the higher vibrational ones. But I do think that there is a place to understand, like, what's really going on here? Right, like I said at the very beginning, what you know what's our medical system Like, what's our school system, like. All of these systems have been set up from a place of disempowerment and I think the more that we wake up, the more that we are aware, the more that we choose empowerment and love and compassion, the more we get to change the world. So, as always, I am rooting for you, I love you and I want all of us to have an amazing relationship with money, with ourselves, with each other, so that we can create such amazingness in the world. Okay, I'll see you in the next episode.