Part 6/19:
The architects deliberately chose the name "Federal Reserve," implying a government-owned reserve bank, and "system," suggesting a dispersed network of independent banks. Griffin reveals the brilliance of the deception: there are no reserves in the system, and the Federal Reserve Banks are not even true banks by traditional standards. These words serve as appearances of legitimacy—"appearances of the fourth kind"—which seem real but are fundamentally illusions designed to manipulate public perception.
This deliberate misnomer allowed the system to gain acceptance, as it appeared to be a government-controlled, stabilizing institution, while in reality, it was a carefully constructed cartel that prioritized the interests of its creators.