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25 Years Of US Monetary Policy Explained (In 1 Cartoon)

Tyler Durden's picture




 

While Bernanke claims that "Fed actions didn't favor Wall Street over Main Street," we suspect the following chart clarifies the effect of his and his predecessors actions on the average American...

 

 

h/t @FedPorn

 

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Thu, 04/30/2015 - 17:07 | 6048338 q99x2
q99x2's picture

Pretty good but it should have the ChairSatans on the wall.

Thu, 04/30/2015 - 17:10 | 6048346 Money Boo Boo
Money Boo Boo's picture

Thirdworldification.....it's been the drink since 1946

Thu, 04/30/2015 - 17:17 | 6048372 kaiserhoff
kaiserhoff's picture

Except that prices are not "still here."

Thu, 04/30/2015 - 17:21 | 6048392 Edward Quince
Edward Quince's picture

I assure you that the wealth effect derived from our quantitative approach to the macro will rectify the shortfall in wages.

Thu, 04/30/2015 - 19:18 | 6048709 BobPaulson
BobPaulson's picture

Keep in mind that recent hedonic indicators reliably show that the middle class enjoys eating dog food in 2015 as much as steak in 1989.

Thu, 04/30/2015 - 17:23 | 6048397 TBT or not TBT
TBT or not TBT's picture

Consolation prize:  you lived to experience the iWatch

Thu, 04/30/2015 - 17:40 | 6048454 kaiserhoff
kaiserhoff's picture

I think that's called the booby prize.

Hope I live to see Barry's treason trial.

Thu, 04/30/2015 - 18:20 | 6048552 FlyinHigh
FlyinHigh's picture

I hope to watch the "Hangin" for that treason !

Thu, 04/30/2015 - 19:36 | 6048765 loonyleft
loonyleft's picture

Barry was president from 1989? Or are you just ranting off topic

Thu, 04/30/2015 - 20:20 | 6048896 Old_Dog
Old_Dog's picture

First Prize: a weekend in Duluth

Second Prize: two weekends in Duluth

Thu, 04/30/2015 - 18:19 | 6048550 g'kar
g'kar's picture

"Except that prices are not "still here."

 

The top line should have been Wealthy/Prices

Thu, 04/30/2015 - 18:31 | 6048584 The central planners
The central planners's picture

It seems that the weather its not affecting all equally.

Thu, 04/30/2015 - 22:48 | 6049267 j reuter
j reuter's picture

Check this legitimate ways to mak? money from home, working on your own time and being your own boss... Join the many successful people who have already used the system. Only reliable internet connection needed, no prior experience neccessary, that's why where are here. Start here... www.globe-report.com

Thu, 04/30/2015 - 17:08 | 6048341 buzzsaw99
buzzsaw99's picture

i notice the bernank didn't go to work on main street. lulz

Thu, 04/30/2015 - 17:20 | 6048387 blindman
blindman's picture

he realized, at a young age, framing numbers
pays better than painting ceilings.

Thu, 04/30/2015 - 17:25 | 6048348 RaceToTheBottom
RaceToTheBottom's picture

The bottom line is misrepresented by making it horizontal.

The bottom line has been going down since 1971.

Thu, 04/30/2015 - 17:40 | 6048423 JuliaS
JuliaS's picture

Instead of going down it simply ends.

Thu, 04/30/2015 - 17:43 | 6048464 kaiserhoff
kaiserhoff's picture

So the world really is flat, and you can fall off?

Thu, 04/30/2015 - 18:36 | 6048606 AIIB
AIIB's picture

Hopi Prophecy Rock = Hopey Changey Prophecy Rock

http://www.warpaths2peacepipes.com/images/hopi-prophecy-rock.jpg

Thu, 04/30/2015 - 17:10 | 6048349 Peak Finance
Peak Finance's picture

I don't get it, Why pick 1989?

Real Wage growth stopped in the 1970's right? 

Thu, 04/30/2015 - 18:13 | 6048536 Bioscale
Bioscale's picture

After communism was defeated the paradise should have come, you know Russia and Cold War nasty stuff.

Thu, 04/30/2015 - 18:38 | 6048612 AIIB
AIIB's picture

All that meant was that the capitalist jews defeated the bolshevik jews. Now it's jew vs. jew fighting for the sheckels in front of the steamroller.

Fri, 05/01/2015 - 02:21 | 6049629 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Just another reminder of what the presidency of George Herbert Walker Bush brought to America, the gift that keeps on giving just like herpes..but without the hope.

Thu, 04/30/2015 - 17:20 | 6048367 Yen Cross
Yen Cross's picture

  Things have devolved MUCH moar from 2013- '15/1/4. The cartoon needs to be updated... Bitchez

Thu, 04/30/2015 - 17:17 | 6048371 venturen
venturen's picture

we need to tax financial transactions...currency, stock trades, derivatives, etc. if a trade is profitable then great...but we need to stop the scam trades! lower income tax for the middle...kill AMT(that is killing the middle class...doesn't touch the rich)...and tax capital gains like income...yearly and the same rate. 

Thu, 04/30/2015 - 17:36 | 6048442 adr
adr's picture

I'm with you, but you need to lower the tax rate on earned income to zero. Drop Social Security and Medicare, turn off EBT,  remove marriage from state control, and place a massive duty tax on imports.

But that will never happen because overnight every corporation will be bankrupt and the useless eaters will be rioting and looting.

The idea that the world economy is real and that the trillions supposedly generated actually exists is the first thing that needs to be changed. Wealth can not be created by increasing debt. 

It is such a true statement but because of the nature of our world it seems insane.

Thu, 04/30/2015 - 17:56 | 6048503 acetinker
acetinker's picture

Thing is, it's gonna happen either way.  Lots of folks will be dazed and confused, and then the old ladies will take to the streets with their grandson's AK.  Gonna be a hoot, I tell ya'!

Thu, 04/30/2015 - 18:11 | 6048531 Oldwood
Oldwood's picture

Yes...Please...Thank you!

Its amazing that they have been able to pervert the constitution and its commerce clause, which was supposed to prevent trade wars between states, to be used to control virtually every financial transaction. And yet, the constitutional mandate that gives them power to PROTECT Americans, is completely ignored and they institute "free trade" which is about anything but free trade, to completely fuck us to death. We are taxing corporations (those who can't buy protection through lobbying) at the highest rate in the world while allowing imported goods and labor to enter the country tax free. And then they complain about businesses exporting their industries. Only an idiot would keep their business here unless they simply can't leave. All of these entitlements, while creating a work ethic collapse are also enabling the underpinnings of our economy to be eroded away without the public's notice. If these redistributions were not occurring, those displaced by these policies of debt and free trade and open borders would have been in the streets making Baltimore look like a picnic.

And as far as debt not creating wealth, it's worse than that. Its actually stealing wealth from the future.

Thu, 04/30/2015 - 19:33 | 6048752 Winston Churchill
Winston Churchill's picture

The future is about to demand it back.

The real deflatonary shock is still to come.

Thu, 04/30/2015 - 17:18 | 6048373 Fun Facts
Fun Facts's picture

The underlying mathematics of this so called "financial system" dictate that sooner or later, the central banking cartel and their member banks will end up with all the wealth of the world.

Sure enough, that's what the statistics clearly show.

Thu, 04/30/2015 - 17:20 | 6048382 HopefulCynical
HopefulCynical's picture

That's been their plan all along. Parasites in power suits, every last damn one of 'em.

Thu, 04/30/2015 - 17:24 | 6048400 Money Boo Boo
Money Boo Boo's picture

....how else are we gonna return to feudalism bitchez?? m.u.s.t.o.b.e.y.o.r.d.i.e

Thu, 04/30/2015 - 21:53 | 6049135 booboo
booboo's picture

Power Suits and the new fashion statement the Columbia Neck Tie

Thu, 04/30/2015 - 17:18 | 6048375 Rainman
Rainman's picture

Good thing the muppets had mountains of credit all these years to fill in the gaps .  sarc, i think.

Thu, 04/30/2015 - 17:21 | 6048388 Goldilocks
Goldilocks's picture

OOH CHILD The Five Stairsteps
http://www.youtube.com/watch?v=yrotsEzgEpg (3:22)

Thu, 04/30/2015 - 17:21 | 6048390 richiebaby
richiebaby's picture

If Bonehead Ben said that to my face, I'd bitch slap him so hard his ear would be ringing for a week

Thu, 04/30/2015 - 17:24 | 6048402 Money Boo Boo
Money Boo Boo's picture

...but would he call you daddy?

Thu, 04/30/2015 - 17:23 | 6048399 TalkToLind
TalkToLind's picture

There's only one difference between the weathy and everyone else:  the wealthy be printing money and everyone else doesn't.  

 

Thu, 04/30/2015 - 17:44 | 6048473 kaiserhoff
kaiserhoff's picture

As Hemingway said,

"They have moar money!"

Thu, 04/30/2015 - 17:24 | 6048401 R19
R19's picture

I wash my Ferrari with Ace of Spades. Lick my boots.

Thu, 04/30/2015 - 17:34 | 6048435 DeusHedge
DeusHedge's picture

did you amortize the "psycho-kudos-koolaid"? Or maybe once we all take a break from profitable working, we will come to grips with our "americano identities"...

Thu, 04/30/2015 - 17:39 | 6048449 Chuck Knoblauch
Chuck Knoblauch's picture

A contractor like Cognizant may make your wages disappear.

Thu, 04/30/2015 - 17:47 | 6048482 Prober
Prober's picture

Lesson = Do NOT limit yourself to being a wage earner, BUT if you do, STOP complaining !

Thu, 04/30/2015 - 18:17 | 6048545 Oldwood
Oldwood's picture

A wage earner compared to what? A moocher who lives off of the financialization of those wage earners incomes? A gambler who seeks to profit without labor from the sweat of others, contributing nothing but consumption?

It must be great to be a smart one that can just sit back and watch others work and struggle just so you can have a chessboard to play from.

Its a dangerous place to be. Yes its great while it lasts but if things turn down the reality of your circumstance might very well suck. Producers will not carry you far on their back before they start digging a hole.

Thu, 04/30/2015 - 21:01 | 6049014 Prober
Prober's picture

Your mind is so narrow that if you fell on a pin you would be blind in both eyes.

CREATE PRODUCTS AND SERVICES THAT PEOPLE WANT TO BUY !!!!!!!!!!

IF YOU CANNOT DO THAT, THEN INVEST IN OWNERSHIP (PART OR WHOLE) OF A BUSINESS THAT CREATES PRODUCTS AND SERVICES THAT PEOPLE WANT TO BUY !!!!!!!!!!

i AM **** FED UP **** WITH YOUR ATTITUDE, SO PREVALENT, THAT EVERYONE EXCEPT YOU IS SOME KIND OF PARASITE - ***YOU *** ARE YOUR OWN PARASITE BECAUSE OF YOUR VICTIM OBSESSION !!!!!!!!!!

 

Fri, 05/01/2015 - 00:39 | 6049504 FidTheRED
FidTheRED's picture

Eat a dick prober, your reaction says all about what you do for a living which btw is getting ass raped every day for pocket change from the 1%.

Maybe you should change your handle to AnalProbed

Fri, 05/01/2015 - 00:45 | 6049516 R19
R19's picture

I profit by providing liquidity in the market among other business ventures.

Thu, 04/30/2015 - 17:52 | 6048493 JR
JR's picture

The Fed is running the country and trying to run away from the results. Bernanke’s articles, Bernanke’s upcoming book, Fischer’s new opaque policy manipulators all indicate they are under pressure. They can’t keep these balls in the air, and the people are watching as the disaster unfolds.

Thu, 04/30/2015 - 18:21 | 6048555 Oldwood
Oldwood's picture

They either never saw it coming, or like Obama, with every bad news, he knew nothing about it until he read it in the NY times.

That rarefied air up there can kind of leave their eyes a bit watery and their vision somewhat myopic.

Thu, 04/30/2015 - 18:35 | 6048600 walküre
walküre's picture

a Berlin economic forum podium discussion on monetary policy (all in English)

https://www.youtube.com/watch?v=frWjYhjJpGM

you can listen to the entire presentation if you got nothing better to do...

two great questions from audience starting 1:08 and then basically 10 mins. worth of US banking bashing, the call for regulation and the idea to remove access to ZIRP from speculators such as GS to drive up all asset classes and creating bubbles.

this was discussed two years ago when the crisis was on everyone's mind. It still is on everyone's mind today and the calls to abandon the old "banking" system are getting louder

there will be no QE4 unless the world is going up in flames and tanks are actually rolling in the streets

Thu, 04/30/2015 - 18:57 | 6048654 JR
JR's picture

The answer is public banks.

As the self-designated TBTFs tell their largest customers to take their cash elsewhere or be slapped with fees, and as they set up bail ins permitting them to confiscate their depositors assets to pay off their risk losses, there is talk of public banks that would take no more than two months to set up by any U.S. state. Here is a primer on how it works.

“The Public Bank Solution: From Austerity to Prosperity” by Ellen Brown

REVIEW: “WHAT WALL STREET DOESN'T WANT YOU TO KNOW. Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people.”

http://www.amazon.com/The-Public-Bank-Solution-Prosperity/dp/0983330867

Thu, 04/30/2015 - 22:57 | 6049285 frankly scarlet
frankly scarlet's picture

Public banks would be a great stop gap but if you leave the money-debt creation power with the banksters eventually they'd get arouind to banning all public banking by one means or another. No the only solution is for the people tp take back the money creation process and put the banksters on a full reserve system where they would only be allowed to lend out money they actually have.   http://www.monetary.org/intro-to-monetary-reform

Thu, 04/30/2015 - 19:55 | 6048821 kchrisc
kchrisc's picture

Chart shows wealth of Ingsoc vs. the proles.

Liberty is a demand. Tyranny is submission.

 

Dear Zion, I'm, we, are foreclosing on your claimed ownership of the American country. Please drop off your keys to the CONgress, Oval Office, and courts with any American you see on your way out. And happy "Return."

Fri, 05/01/2015 - 09:40 | 6050288 Zymurguy
Zymurguy's picture

Sadly the artist failed to include the effects of inflationary pressure.  Those of us not on the wealthy track have actually seen our discretionary incomes reduced.  Cheaper and cheaper goods are imported in order to project the illusion that our standard of living has not been impacted.  Borrowing from the future... as jobs slip away each year and more and more rely upon the welfare state.

It's the perfect system for preventing true revolution, because without those with true wealth feeling threatened, they won't throw their hats (and money) into a resistance against tyranny.

Well played NWO, well played indeed.

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