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New York Fed Propaganda: "The Story Of The Federal Reserve System" In Cartoons

Tyler Durden's picture




 

To truly understand what The Fed does, we go to the source... "The Fed is best known for its influence in money and credit conditions in the economy in order to help the US economy experience strong growth in output and income, high employment, and stable prices." So factory output growth is now negative, income stagnant, the percentage of employed people in the population is catastrophic, and prices (oil collapse? stock explosion? record beef and beer prices?) are anything but stable.

 

 

Enjoy The Propaganda

FRBNY_History of Fed

 

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Mon, 03/16/2015 - 19:35 | 5895942 suteibu
suteibu's picture

They certainly chose the correct media for the children of America...old and young.

 

"Ooooo...pitchurs!"

Mon, 03/16/2015 - 19:38 | 5895946 Cognitive Dissonance
Cognitive Dissonance's picture

I always enjoy being treated as a member of the lowest common denominator.

Then again, have you seen prime time TV lately?

Mon, 03/16/2015 - 19:40 | 5895951 suteibu
suteibu's picture

HAH! 

Sadly, the artwork is neither DC Comics nor manga quality.  But, then, they don't seem to get much right.

Nor do they seem to care.

Mon, 03/16/2015 - 20:03 | 5896000 cornfritter
cornfritter's picture

scroll down a ways and you'll see one scene with a large front end loader :-) the captions were poorly crafted, but the art work is quite good

Mon, 03/16/2015 - 20:15 | 5896042 suteibu
suteibu's picture

It's called "tracing." 

Mon, 03/16/2015 - 21:44 | 5896371 NidStyles
NidStyles's picture

I thought it was interesting how they defined money with a credit card in the background.

 

If credit were money, wouldn't it be called a money card?

Mon, 03/16/2015 - 22:12 | 5896484 smlbizman
smlbizman's picture

is that uncle ruckus on page 5?

Mon, 03/16/2015 - 23:05 | 5896692 Four chan
Four chan's picture

fucking rothschilds. the creature said it all, should be required reading in every school.

Mon, 03/16/2015 - 23:24 | 5896764 Self-enslavement
Self-enslavement's picture

Scum sucking parasites.

Mon, 03/16/2015 - 19:41 | 5895952 CrazyCooter
CrazyCooter's picture

I haven't owned a TV since the 90s.

It would be really interesting to see what tv viewship has done over the years. I bet its trending down, slow and stead. It is all crap anyway. They don't even put forward effort most of the time to actually write/produce a good story/plot, which is why they love reality TV so much; its cheap to produce.

Regards,

Cooter

Mon, 03/16/2015 - 19:47 | 5895964 Cognitive Dissonance
Cognitive Dissonance's picture

Mrs. Cog and I flipped on the TV to watch the Super Bowl because my Patriots were playing. We were astounded by the commercials. I felt 50 IQ points dumber by the end of the game. The only thing that saved me from permanent brain damage was the last second Patriots win.

Mon, 03/16/2015 - 20:08 | 5896017 Yes_Questions
Yes_Questions's picture

 

 

 

uhhh you sure it was the commercials?

 

I'm thinking turning on the game to begin with would have been enough what with the bread and circus aspect and all.

 

(i'm not criticizing one's choice of entertainment btw).  Much of it is meant to stupor us into a mindless lump of consumer goo..

Mon, 03/16/2015 - 21:35 | 5896336 Cognitive Dissonance
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"Much of it is meant to stupor us into a mindless lump of consumer goo.."

Mrs. Cog and I rarely watch TV. In fact we haven't had the TeeVee on since the game. I find the 'consumer goo' thing is cumulative, which is why we were so shocked by the pitiful commercials. I think the last commercial I sat through was during last years' Super Bowl. The lowest common denominator keeps getting lower and lower and lower..........

Mon, 03/16/2015 - 21:56 | 5896420 ThroxxOfVron
ThroxxOfVron's picture

There has not been a television in my home for 5 years.

Mon, 03/16/2015 - 22:50 | 5896635 VWAndy
VWAndy's picture

One of the best things I ever did was turn that TV off.

Mon, 03/16/2015 - 23:06 | 5896698 Four chan
Four chan's picture

tv has never been better you guys are nuts.

Mon, 03/16/2015 - 23:37 | 5896818 ThroxxOfVron
ThroxxOfVron's picture

I don't watch tv.

I produce tv.

Mon, 03/16/2015 - 23:54 | 5896879 VWAndy
VWAndy's picture

NFW.

Tue, 03/17/2015 - 02:57 | 5897133 Dog Will Hunt
Dog Will Hunt's picture

Holy Jesus, you're right.  The Kardouchians is way better than All in the Family.  /sarc

Tue, 03/17/2015 - 01:16 | 5897039 mharry
mharry's picture

I don't watch TV, my kids ask me why I know so much. Answer "I don't watch TV, I read", with a motocross/supercross exemption via Youtube.

Mon, 03/16/2015 - 19:39 | 5895948 CrazyCooter
CrazyCooter's picture

At least they employed (part time of course) some liberal/visual arts degree types in the process, thereby improving the economy. I bet they cared so much they even took it out of the hookers-n-blow petty cash fund.

Nah, they just printed it. Suck it up everyone else!

Regards,

Cooter

Tue, 03/17/2015 - 01:01 | 5897016 franciscopendergrass
franciscopendergrass's picture

Where is the part where it says its okay for the Head of the NY Fed to evade taxes and become the Treasury Secretary?

Tue, 03/17/2015 - 07:20 | 5897352 tarsubil
tarsubil's picture

Yeah, they left out all the sodomizing of the general public too. Hey, what's going on here?

Mon, 03/16/2015 - 23:27 | 5896773 chilli sauce
chilli sauce's picture

my roomate's step-mother makes $79 hourly on the laptop . She has been fired for 10 months but last month her pay was $18694 just working on the laptop for a few hours. see here... www.globe-report.com

Tue, 03/17/2015 - 02:56 | 5897135 Dog Will Hunt
Dog Will Hunt's picture

Wrong.  She made $79 hourly on someone's lap.  

Tue, 03/17/2015 - 00:51 | 5897011 angel_of_joy
angel_of_joy's picture

FED originated Manga ! They must know something about the average IQ in America that we don't...

Mon, 03/16/2015 - 19:36 | 5895944 no more banksters
Mon, 03/16/2015 - 19:50 | 5895956 ThroxxOfVron
ThroxxOfVron's picture

The cartoon charts look like something concocted by the BLS or CBO: Employment in an almost uninterrupted upwards trajectory and Consumer Price Index nearly ruler flat-lined !

 

"The FED also loans to Banks under certain circumstances."

 

Yeah.  Like when they have gambled away the entirety of their deposit base and have torpedoed the fucking economy!

 

LMFAO 


Mon, 03/16/2015 - 19:53 | 5895977 suteibu
suteibu's picture

Comics are traditionally seen as works of fiction.  So.....

Mon, 03/16/2015 - 20:04 | 5896005 MsCreant
MsCreant's picture

This one may be a work of friction.

You can take that one a few ways, one a little dirtier than the others.

Mon, 03/16/2015 - 19:56 | 5895987 Random_Robert
Random_Robert's picture

EH-

 

I much prefer "Wishes and Rainbows"  myself. It's a much more creative Fed cartoon...  Poor little Roota living in constant fear of the giant people in Colorland who would stomp on her if she ever aspired to bring any color into her boring little town of Pebbleton.

 

Hmmm... sounds familiar.

 

 

Mon, 03/16/2015 - 20:00 | 5895992 VWAndy
VWAndy's picture

 Thats only half the stuff they been doin for a long time now. Just the stuff they can talk about.

Mon, 03/16/2015 - 20:05 | 5896012 Usurious
Usurious's picture

 

 

how many times does the comic book mention the word USURY????

Tue, 03/17/2015 - 02:32 | 5897111 Self-enslavement
Self-enslavement's picture

How many times does it use the word COUNTERFEITERS

Mon, 03/16/2015 - 21:22 | 5895994 Thirst Mutilator
Thirst Mutilator's picture

The European jew banking families are happy that they get to counterfeit currency for themselves...

<--- Cue the downvote from SMG who will follow with the old horseshit diversion comment that THE FED is actually 'Luciferian banksters'

 

YAWN

Mon, 03/16/2015 - 20:01 | 5895996 Yes_Questions
Yes_Questions's picture

 

 

 

what a load of horseshit (not enough money to lend)...

Mon, 03/16/2015 - 20:25 | 5896004 Arthur Schopenhauer
Arthur Schopenhauer's picture

Even though most people view the Federal Reserve system as something dark and evil, there was a short period of time the Federal Reserve actually enacted policies that benefited the American people, and the economy of the the United States of America, as a whole. But that went by the wayside the past forty years or so... because over time the Fed first began to manipulate the economy to benefit Wall Street, and now Wall Street has become such an enormous pig, it dictates what the Fed is FORCED to do. They've got themselves caught in a trap and now there's nothing they can do but bow down to Wall Street... or the economy will collapse.

I don't see President Obama as a threat. I don't see house members or senators as a threat. It doesn't matter what political persuasion they are, because the politicians are threatened by the exact same people the entire American people are threatened by.

That threat is Wall Street. They threaten us with everything we own. We are forced to give them our money in our IRA's, our 401(k)s, our homes,.. everything. We depend on Wall street to say whether we are wealthy or poor, one way or another.

I say phuck Wall Street. Those phuckers can go to hell, and the sooner the American people figure out Wall Street has a noose around their neck the better off the American people will be.

Mon, 03/16/2015 - 20:33 | 5896104 VWAndy
VWAndy's picture

So youre saying wallstreet did this to the fed?

Mon, 03/16/2015 - 21:03 | 5896178 Arthur Schopenhauer
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Respectfully, Sir - Exactly. This link to a youtube video below is an hour and forty three minutes long. It describes how this has come to be over the years. There are many Federal Reserve board members interviewed in the film and they pretty much spell out what I wrote above. If you don't believe me then would you believe them?

Money for Nothing Inside the Federal Reserve

It is tempting to believe the crisis is over. But are we are simply passing through the eye of a storm? To break free of the cycle of booms and busts, the Fed must find a new way forward.

Mon, 03/16/2015 - 22:37 | 5896592 MisterMousePotato
MisterMousePotato's picture

Similarly, I have seen a compelling case made that fractional reserve banking, too, is actually a good thing and not necessarily evil (well, at least other than the part about human nature being hopelessly greedy and corrupt, and thus the people at the top always manage to pervert the system to benefit themselves and their pals at the expense of everyone else).

Tue, 03/17/2015 - 02:33 | 5897114 Self-enslavement
Self-enslavement's picture

It's ok to use the word FUCK.

Mon, 03/16/2015 - 22:42 | 5896616 VWAndy
VWAndy's picture

The fed controls wallstreet. Either buy proxy or by setting intrest rates or by extending credit or by messing with the money suply. Wallstreet gets table scraps. Price is a number pulled out of the feds magic bag o tricks.

The fed is the market.  The fed pulled out the liquidity causing the crash in 08? They run it any way they want. All time highs like now. Ya bud they can make it do whatever they want.

Tue, 03/17/2015 - 02:33 | 5897110 ThroxxOfVron
ThroxxOfVron's picture

"The fed is the market.  The fed pulled out the liquidity causing the crash in 08? They run it any way they want. All time highs like now. Ya bud they can make it do whatever they want. "

 

http://www.marketskeptics.com/2010/05/federal-reserve-has-been-abusing.html

 

The Committee could sanction the use of various derivative instruments on conventional Desk operations as a way to influence longer-term yields,which is outlined in exhibit 8. Options of some form are a possibility, as are forward operations. For example, we could sell a sequence of options on term RPs, covering interlocking time segments that collectively extend as far into the future as desired. In this way, longer-term yields could be influenced and a visible signal of the Fed' s desired path of interest rates could be demonstrated. Forward operations in term RPs could be structured in a similar fashion. Alternatively, we could sell put options on longer-term Treasury securities at strike prices associated with desired longer-term yields. " “The sale of any options, or forwards for that matter, would not affect the domestic portfolio immediately and, in the case of options, may never do so. Auctioning derivatives is something we already have experience doing. In the event that options were ever exercised, the impact on the portfolio would be profound, assuming that more than just a symbolic amount of contracts were sold. Simultaneously controlling the funds rate means that any reserve effect would need to be immediately sterilized. The volume of options sold might be limited because of this concern. " ........................................................... Full text of Minutes of the Federal Open Market Committee Meeting on June 24-25, 2003 featuring Bernanke and Reinhart discussing FED issued derivatives:
http://www.federalreserve.gov/monetarypolicy/files/FOMC20030625meeting.p...
Tue, 03/17/2015 - 02:38 | 5897121 VWAndy
VWAndy's picture

And there you have it.

Mon, 03/16/2015 - 20:04 | 5896007 highwaytoserfdom
highwaytoserfdom's picture

And Warren Buffet and Goldman TARP thanks you for it's entry into comic-con https://www.youtube.com/watch?v=z8-vcImi3BI   Marvel studios is owned by Disney and the FCC web steal on first amendment..    MOAR WAR THEY ROAR...

Mon, 03/16/2015 - 20:06 | 5896013 MsCreant
MsCreant's picture

Do they tell the childern about Jekyll Island?

Mon, 03/16/2015 - 20:13 | 5896031 suteibu
suteibu's picture

I went here  http://www.newyorkfed.org/education/ to see if they had a comic about Jekyll Island and got this message:

"Page Not Found

The page you were looking for has been deleted, moved or does not exist"

Make of it what you will.

Mon, 03/16/2015 - 20:19 | 5896051 Yes_Questions
Yes_Questions's picture

 

 

so we can pretty much forget about some art on how they actually CREATE money?

Mon, 03/16/2015 - 21:39 | 5896353 Tapeworm
Tapeworm's picture

 There is a comic book in the NY Fed series that is very upfront on how "money" is created. I have the whole series of the comics that I ordered from NYFED. They are free of charge. I put the good ones out for my employees. I don't think that anyone bothered to read even one.

Mon, 03/16/2015 - 22:08 | 5896467 suteibu
suteibu's picture

So, you're admitting that your employees are more intelligent than you?  Or were you performing some sort of IQ test?  I don't get why you would put this trash out for your employees. 

 

Mon, 03/16/2015 - 20:08 | 5896016 nakki
nakki's picture

The only guy reading this is Ben Bernanke, while receiving a Blimpie from Steve Liesman.

Mon, 03/16/2015 - 20:20 | 5896064 disabledvet
disabledvet's picture

Blintz's are alright in my book.

 

The price of hotdogs is really criminal.  I'd like to know who Ted Cruz thinks he's fooling.  Certainly not the Jesuits.

 

500 billion for the F-35?  Why are these people even alive?

 

Unreal.

Mon, 03/16/2015 - 20:09 | 5896022 MsCreant
MsCreant's picture

Bottom of page 14, Obama is clearly shaking down a tax payer for his social security. Or maybe it is his son, if he had one!

Mon, 03/16/2015 - 20:37 | 5896114 polo007
polo007's picture

According to Natixis:

http://www.ge.tt/5osnEOC2/v/0?c

March 13, 2015

What are the differences in economies where debt ratios are very high?

Debt ratios (public, private and total) are at present extremely high in a vast majority of OECD countries. How does this change the functioning of these countries' economies?

• Fiscal policy becomes more restrictive and can hardly become very counter-cyclical due to high public debt ratios;

• The private sector deleverages, and monetary policy can no longer use the credit channel;

• Central banks have an incentive to conduct expansionary monetary policies to facilitate deleveraging.

In countries where debt ratios are very high, we can therefore expect to see:

• Weaker growth (a restrictive fiscal policy, private-sector deleveraging);

• Deeper recessions (lack of counter-cyclical capacity of fiscal and monetary policies);

• And yet a sharp rise in asset prices (equities, real estate), due to expansionary monetary policies and long-term interest rates that are lower than growth rates.

Paradoxically, excessive debt ratios can be positive for equities and real estate.

Mon, 03/16/2015 - 20:53 | 5896164 MEFOBILLS
MEFOBILLS's picture

The cartoonist makes critical errors.  Is it a FED cartoon?  He uses the words, “credit and money” interchangeably. 

Credit is something that cancels out when it is returned.  Credit is created at the same time as a debt instrument, where both Credit and Debt are mirrors of each other.

Of course this duality of units can no longer can mirror each other over time, due to usury and path problems - inherent as a structural defect to all credit systems.

Money is a catchall term, but in history there have been many types.  The highest form is law, where the unit’s volume, type and path are legally controlled.  Money usually was coins and bills printed as seigniorage by the Treasury.  This type of money had no mirror in a debt instrument.   Gold as money also had no debt instrument, and hence “could” float in money supply to consummate transactions.

Money pays credit, but not vice versa.  Since money pays credit, bankers will harvest Gold out of the economy during debt depressions.  Think on this carefully.   Bank credit is a doppelganger for money, and hence legal money (or metal money) will enter the ledger, decrement it, but then get spun out – rather than destroyed.   The huge differences between money and credit is necessary to understand if we are to pay down debts.

Banks create credit, and when you pay it back, it decrements the ledger and then vanishes from existence.  What comes from nothing returns to nothing.  This credit action may create too much volume per unit time, and then too much drain per unit time, whipsawing populations into inflation then depression.  

Of course, bankers will harvest real assets during depression.  I’ll take your house, your wife, and your life, please.

All credit making banks are linked up through reserve channels.  That is the real secret, and is necessary for the credit con to continue.

At below link is an explanation of double entry mechanics with loan and deposit transfer.  Note that for ledgers to balance, the central bank has to be involved.  The FED is an agent of private banking corporations.

http://brown-blog-5.blogspot.com/2013/03/banking-example-12-loand-deposit.html

Please also note, banks take front loaded usury on all loans.  This usury passes through your ledger and lands on banker’s ledger.  In this way, banking corporation gets to hold money that has no counterpart in a debt instrument. 

 

We users of these numbers we call “money” must go into debt to acquire credit, and upon usurious loan payback, bankers acquire money.   Credit and Money are terms that should NOT be used interchangeably.  Today our money supply is almost all credit, as all “money” is sourced through loans.

Mon, 03/16/2015 - 21:55 | 5896413 ThroxxOfVron
ThroxxOfVron's picture

"Please also note, banks take front loaded usury on all loans.  This usury passes through your ledger and lands on banker’s ledger.  In this way, banking corporation gets to hold money that has no counterpart in a debt instrument.  "

This is a very important point and few seem to understand it.

Since the interest portion of a loan is not created at origination as the principal is, the likelyhood of principal not being repayed goes up the longer a loan is paid unless the credit/moeny supply is grown by an amount commnesurate with the entire repayment amount of principal and all interest for the duration.

Mon, 03/16/2015 - 21:18 | 5896275 Arthur Schopenhauer
Arthur Schopenhauer's picture

I'm sitting on my back porch having a budweiser. It just occurred to me I've spent the last 15 years worrying about how how to get rid of my assets before their value went down.

Seriously? Is that any way to live?

Mon, 03/16/2015 - 21:21 | 5896286 fremannx
fremannx's picture

I’m going to tell you a story – a story of corruption, deceit, greed and political intrigue. As it turns out, a true story, one stranger than fiction as true stories often are. It is a story you should probably know, but amazingly, this story is little known by most of you, for the parties whom the story is about do a masterful job of hiding their true intentions while convincing you they are your best friends. They insist you need them, and without them your lives would be chaos. It’s all smoke, of course. But I assure you, most people believe them because the machine they control is incredibly powerful. So powerful, in fact, that… well, I get ahead of myself. The story begins just after the turn of the 20th century, when, on a chilly November morning in 1910, seven men board a southbound train in Hoboken, New Jersey…

 

http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...


Mon, 03/16/2015 - 21:30 | 5896315 JuliaS
JuliaS's picture

How about some real history:

http://s16.postimg.org/k0c0igad1/history.jpg

Mon, 03/16/2015 - 21:46 | 5896376 Tapeworm
Tapeworm's picture

LOL, Julia!!! The pitchforks are a nice touch.

Mon, 03/16/2015 - 23:08 | 5896705 MsCreant
MsCreant's picture

That is a must click link. Giving Bonzai a run for his money!!

Mon, 03/16/2015 - 22:02 | 5896441 Downtoolong
Downtoolong's picture

It would be hilarious if not for the fact that the Fed must really believe this is how people interact and think in the real world. It just goes to show how out of touch with reality they are.

And where’s the Giant Squid? Don’t they know that every comic book hero has a villain to fight?


Mon, 03/16/2015 - 22:45 | 5896622 Everyone is lying
Everyone is lying's picture

My Unicorn friends, Bigfoot and I read this and believe it all.

 

 

Tue, 03/17/2015 - 00:27 | 5896975 gregga777
gregga777's picture

It's an obvious work of satire.

It's not an obvious work of satire.

Tue, 03/17/2015 - 02:47 | 5897125 Dre4dwolf
Dre4dwolf's picture

Inflation follows supply side selling pressure.

Deflation follows demand side buying pressure.

 

during high inflation, the business that can shove the most useless shit down a consumer throat will prosper.

while

the business that can't get consumers to spend more on useless shit they don't need will fail.

Take radioshack for example, during good time, people would go spend 20$ on batteries and "battery insurance" . . .

now during bad times, people wise up and spend 2$ on cheap chinese batteries that you have to throw away half of them before you even open the box. . .  because who cares if your tv remote runs for 4 months instead of 6. . . ;)

And when all the choices the consumer makes is the same . . . economy implodes . . . when people collectively decide "not to buy all the things"

Do NOT follow this link or you will be banned from the site!