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Commemorating The 99th Anniversary Of The First Ever Vampire Mollusc, Or How William Banzai Met His Match

Tyler Durden's picture




 

What is oddest about the below cartoon is how, in retrospect, it was absolutely spot on one 1 year ahead of the formation of the Federal Reserve, and shortly, about one century ahead of its destruction. We are happy to see that even William Banzai may have finally met his match, even if the temporal displacement is modestly skewed.

Cartoon from 1912, one year before the creation of the Federal Reserve, courtesy of Plasmaquatic Technolithic Mist

h/t John

 

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Mon, 10/17/2011 - 19:06 | 1783409 BennyBoy
BennyBoy's picture

Where is Andrew Jackson when you need him?

 

Mon, 10/17/2011 - 19:08 | 1783420 mynhair
mynhair's picture

6 ft under?

Kinda like the average IQ of OWS.

Mon, 10/17/2011 - 19:21 | 1783470 BennyBoy
BennyBoy's picture

Is Andy dead? Really?

 

Glad you have tested all the IQ's of each and every one of the OWS and found them wanting.

 

Please post a link with your documentation.

 

Mon, 10/17/2011 - 21:53 | 1783819 mynhair
mynhair's picture

Can you refute it?  I h8 drones.

 

http://www.youtube.com/user/MontyPython

Mon, 10/17/2011 - 19:08 | 1783416 Sequitur
Sequitur's picture

This shit is spot-on. If only the American populace would stop watching Real Houswives, Idol, and whatever the fuck else, and understand what is going on, we'd be much better off.

Mon, 10/17/2011 - 21:36 | 1783789 reader2010
reader2010's picture

Too bad even the seemingly intelligent Unabomber didn't get it. He mistakenly blamed human sufferings on machines. 

Mon, 10/17/2011 - 19:10 | 1783423 Boxed Merlot
Boxed Merlot's picture

Where's the judiciary?  Or is that mollusk what it's morphed into?

Mon, 10/17/2011 - 19:14 | 1783441 Gyro Gearloose
Gyro Gearloose's picture

And the average lifespan of a Vampire Mollusk is...........

Mon, 10/17/2011 - 19:35 | 1783511 Wakanda
Wakanda's picture

... too long.

Mon, 10/17/2011 - 22:01 | 1783834 mynhair
mynhair's picture

since you had sex with a human?  MIR.

Mon, 10/17/2011 - 23:41 | 1784076 tmosley
tmosley's picture

As long as there is blood to suck, and no stake in its heart.

The last two times, it was killed with a stake.  Pretty sure this time it will be from depletion of blood.

Mon, 10/17/2011 - 19:15 | 1783445 slewie the pi-rat
slewie the pi-rat's picture

the "aldrich" plan, eh?

it's The Creature From Jekyll Island!

of course, it was only a cute li'l baby, just getting started, back then, barely more than a gleam in the international banksters' eyes...

after the Panic of 1907  (paste from J. P. Morgan - Wikipedia, the free encyclopedia): 

by November 7, 1907, the panic was over. Vowing to never let it happen again, and realizing that in a future crisis there was not likely to be another Morgan, banking and political leaders, led by Senator Nelson Aldrich devised a plan that became the Federal Reserve System in 1913.  The crisis underscored the need for a powerful mechanism, and Morgan supported the move to create the FED. 

 

Mon, 10/17/2011 - 19:29 | 1783490 slewie the pi-rat
slewie the pi-rat's picture

"...vowing to never let it happen again, the banksters led the world into two depressions and endless wars and bankrupted all who failed to believe in the great extra-terrestrial bailout of 2012, BiCheZ...

Mon, 10/17/2011 - 19:16 | 1783450 AssFire
AssFire's picture

Please number and color code for crayons..  great placemats for the soup kitchens.

 

Mon, 10/17/2011 - 19:17 | 1783455 Aristarchan
Aristarchan's picture

Hey Willie, looks like Banzai Labs finally perfected that time machine.

Mon, 10/17/2011 - 19:34 | 1783509 Wakanda
Wakanda's picture

WB7, did you go "way back" and do this thang?

Today is Black Monday II

Mon, 10/17/2011 - 19:18 | 1783457 DormRoom
DormRoom's picture

The Life & Times of a Fiat Currency: The Bitcoin Story

 

price went from under $1 to > $33.  Now it's below $3

 

http://www.betabeat.com/2011/10/17/price-of-bitcoin-still-dropping-falls...

Mon, 10/17/2011 - 19:19 | 1783462 Joe Sixpack
Joe Sixpack's picture

Absolutely uncanny! And I believe this could be true.

 

Anyone have a reference where this originally showed up?

Mon, 10/17/2011 - 19:27 | 1783483 wang (not verified)
wang's picture

the above is  just the best, thanks TD

from 1912 this little article from a newspaper of the day

(could have been written yesterday)

Is Rockefeller a Hobo?

http://news.google.com/newspapers?id=NHRFAAAAIBAJ&sjid=kLwMAAAAIBAJ&pg=5...

Mon, 10/17/2011 - 19:57 | 1783548 anynonmous
anynonmous's picture

+1 +1 +1

Brilliant but I didn't know Ritholtz was that old

 

"The real hoboes are the "Wall Streeters"

Mon, 10/17/2011 - 19:31 | 1783499 topcallingtroll
topcallingtroll's picture

Somebody who knows him send this link to Tabibi or Taibi whatever that guys name who wrote that rolling stone series.

Wow. At least some of the people back then were not fooled.

Mon, 10/17/2011 - 20:15 | 1783603 erg
erg's picture

I have to admit I spelled it wrong when I referenced his vampire squid quote on ZH the day before the BBC guy sounded off on Goldman.

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

Worth a second read in my opinion.

Mon, 10/17/2011 - 19:34 | 1783506 soopy
soopy's picture

Spot on, spot on.

Mon, 10/17/2011 - 19:34 | 1783507 Silverite
Silverite's picture

Even better, here's one from 1894 specifically indicating that it is the Rothchild's octopus and that it feeds on nothing but gold.  It's from Coin's Financial School (page 124)--I have an original copy, it's a great read.  Available on Google Books for free:

http://books.google.com/books?id=6iYMAQAAIAAJ&pg=PA124&source=gbs_selected_pages&cad=3#v=onepage&q&f=false

Mon, 10/17/2011 - 20:56 | 1783707 slewie the pi-rat
slewie the pi-rat's picture

thxz!

there was a "panic of 1893" which involved gold, too...

...and jpMorgan...

even over a century ago, the banksters were able to get credit for solving the problems, rather than causing them! 

for example, after the 1893 panic, Morgan is credited with "saving the Treasury" by creating a private syndicate to supply the Treasury w/ gold.  in 1907, Morgan "saved the banks and the economy."  then, they formed the FED so we would all live happily ever after, and now people are starting to wonder wtf is going on w/ all the gold, now that they saved the TBTFs and the "econom" a few years ago, which "save" may actually be failing as we write due to "undercapitalization, contagion, and overextension of credit"

we now have banksters flipping out about us blogging about them b/c of the "confidence" factor involved in "investing and economic activity";   apparently, they are not comfortable with unregulated speech about the ponzi-nature of certain of their "products"...

...not to mention economic forecasts (more like forth-casts) about "earnings & 'growth' " and "inflation and deflation" and "fuking accounting, too!"

and, remember, the FED warned us it would be paying attention as the drama builds...

...meanwhile, the PM saga, old as time, continues to spin its gold and silver threads among us all, world-wide...

Tue, 10/18/2011 - 00:55 | 1784179 MsCreant
MsCreant's picture

Wow. A great deal of food for thought.

Mon, 10/17/2011 - 19:35 | 1783510 YHC-FTSE
YHC-FTSE's picture

Uncanny. 

Mon, 10/17/2011 - 19:44 | 1783526 TheAkashicRecord
TheAkashicRecord's picture

We watched the tragedy unfold
We did as we were told
We bought and sold
It was the greatest show on earth
But then it was over
We oohed and aahed
We drove our racing cars
We ate our last few jars of caviar
And somewhere out there in the stars
A keen-eyed look-out
Spied a flickering light
Our last hurrah
And when they found our shadows
Groups ‘round the TV sets
They ran down every lead
They repeated every test
They checked out all the data in their lists
And then the alien anthropologists
Admitted they were still perplexed
But on eliminating every other reason
For our sad demise
They logged the only explanation left
This species has amused itself to death

— Roger Waters :: Amused to Death :: 1992
Mon, 10/17/2011 - 19:49 | 1783533 fyrebird
fyrebird's picture

And 80 years from NOW someone stuck in the middle of a repeat financial crisis will pull up a WB7 photoshop'ed vampire squid and say to their buddies Hey look at this image someone had it right back in 2011!

Yeah, we've been fucked for a long time, and we're gonna be fucked for a long time yet.

I don't know what to do anymore. Just cue the bear cavalry I guess. Bring it, baby.

Tue, 10/18/2011 - 00:57 | 1784182 MsCreant
MsCreant's picture

Unless they fuck it over really hard this time and there is nothing left in 80 years...

Tue, 10/18/2011 - 05:25 | 1784363 falak pema
falak pema's picture

the harder you fukk the more babies you produce, once the rapture and the anguish are over. Sad but true. I wouldn't worry about Epsilon humanity, it'll be resilient. Its Sigma humanity today that is a problem. We need to fukk less with results, thats for sure, just buy the dips and rises and enjoy the ride. Until Sigma goes naturally to epsilon. We aren't good at Greek alphabet, its very evident today!

Mon, 10/17/2011 - 19:52 | 1783538 lolmao500
lolmao500's picture

Watched a debate program tonight, an Irish TD, Stephen Donnelly said that while he was at an economic meeting at the weekend, Ajai Chopra, head of the IMF team to Ireland, said Ireland will end up ceding more sovereignty to the EU. Donnelly said he couldn't believe that this wasn't even challenged at the meeting, and when he asked what if the people don't agree with heading towards an EU federal superstate, Chopra said a way will be found regardless. Also, a member of the government party was completely at odds with the official party line, and saying that Ireland needs to get a haircut like Greece. To get an idea of who Donnelly is, he would be considered to the right, and is probably one of the most educated members of the Dail, he was educated in Harvard I believe, and spoke a lot of sense on the programme. I repeat should be up tomorrow on tv3.ie for anyone interested.

Mon, 10/17/2011 - 21:23 | 1783761 slewie the pi-rat
slewie the pi-rat's picture

those guys sure changed their tune after they got elected, eh?

and they may have convinced the country what the new version of "the right thing" ought to be

"the people"~~how quiant!

looks like nobody's gonna blame the irish for breaking up the EU party!

Mon, 10/17/2011 - 19:52 | 1783540 James T. Kirk
James T. Kirk's picture

I have finally come up with a fresh plot for a new James Bond movie, in which 007 attempts to thwart the theft of the 'gold standard.' It will be called "Fiatpussy."

Mon, 10/17/2011 - 20:05 | 1783574 Cursive
Cursive's picture

@James T. Kirk

Tampons or maxipads?

Mon, 10/17/2011 - 20:35 | 1783663 James T. Kirk
James T. Kirk's picture

Thanks, Cursive. I now have the movie tagline: you can't eat Maxi-Pads.

Tue, 10/18/2011 - 00:59 | 1784184 MsCreant
MsCreant's picture

Max-iPads?

Mon, 10/17/2011 - 19:54 | 1783541 palmereldritch
palmereldritch's picture

Ahhh...the original Oysters Rockefeller

Mon, 10/17/2011 - 19:58 | 1783549 aerojet
aerojet's picture

If that cartoon is real, it means that nothing has ever been any different in the US.

Mon, 10/17/2011 - 21:35 | 1783788 slewie the pi-rat
slewie the pi-rat's picture

i know!

i am thinking:  this is why aaron burr did not wound hamilton? 

Mon, 10/17/2011 - 20:05 | 1783569 Cursive
Cursive's picture

Whoever drew this satirical piece was obviously a conspiracy theorist.  ;)

Mon, 10/17/2011 - 20:06 | 1783578 Taint Boil
Taint Boil's picture

Patrick.net just went over to the dark side of the force LOL

Mon, 10/17/2011 - 20:10 | 1783586 JB
JB's picture

A squid is a cephalapod, not a gastropod, therefore not a mollusc.

Just sayin'...

Mon, 10/17/2011 - 20:17 | 1783611 fyrebird
fyrebird's picture

 

Inaccuracy. Though a common one.

http://en.wikipedia.org/wiki/Mollusca

That is, if one means "mollusc" to refer to the phylum of the same name. Which is the correct usage.

Just say'n

 

Tue, 10/18/2011 - 17:53 | 1786546 Element
Element's picture

Thank you, was going to point that out also. ... have done so before ... science eh ... and you get shit on for it.

BTW the original spelling given in the title was "Mollusk".

Mon, 10/17/2011 - 20:13 | 1783600 virgilcaine
virgilcaine's picture

It's time to slay this sea monster.

Mon, 10/17/2011 - 20:16 | 1783604 lemonobrien
lemonobrien's picture

this is famous; can't believe no one here has seen this before; or maybe i went to a good school.

Mon, 10/17/2011 - 20:44 | 1783680 Yes_Questions
Yes_Questions's picture

 

 

That or thank the professor/teacher that tried to really educate you.

Mon, 10/17/2011 - 20:17 | 1783605 fyrebird
fyrebird's picture

dup

Mon, 10/17/2011 - 20:20 | 1783624 AndrewCostello
AndrewCostello's picture

Can we get this printed as a poster and distgributed to the occupation protests???

 

This poster shows the situation perfectly.

 

READ:

http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref

Mon, 10/17/2011 - 20:25 | 1783637 Fix It Again Timmy
Fix It Again Timmy's picture

For what it's worth: Congressman Louis McFadden -

home.hiwaay.net/~becraft/mcfadden.html

 

Mon, 10/17/2011 - 20:29 | 1783645 Waterfallsparkles
Waterfallsparkles's picture

Interesting, all of the Money goes into the Stock Exchange enriching all of the Players. 

No wonder why all of the Traders and Analysis are always so positive.  All Money flows to them.

Mon, 10/17/2011 - 23:00 | 1783998 Money 4 Nothing
Money 4 Nothing's picture

Debt will eventually be their undoing leaving them broke and loosing what they have accumulated. Cash = nothing when the system masterfully collapses.

Mon, 10/17/2011 - 20:31 | 1783652 Conax
Conax's picture

Those two spare tentacles were for the future, the media and the MIC. Nice blood funnel on the roof of the Wall Street temple, too. Nice poster material.

I think the people of the country in 1913 were dead set against the fed, notice they passed the act while everyone was home for Christmas. 

Christmas.

Mon, 10/17/2011 - 20:37 | 1783667 Yes_Questions
Yes_Questions's picture

 

 

+prescience.

 

Fucking beautiful prescience.  A number of posters/contributors here have it as well.

Oh to be a time traveling fly on the wall regards the artist's inspiration for this image.

 

Mon, 10/17/2011 - 20:49 | 1783686 DeadOnArrival
DeadOnArrival's picture

The Federal Reserve may have to (continue to) let inflation heat up a bit  as it pursues a much needed stimulus effort aimed at lowering the unemployment rate, a key Federal Reserve official said Monday.

"I would argue for further policy actions (yes, always more policy actions)" given how high the unemployment rate is, in light of the central bank's official mandate of promoting price stability and maximum employment, Federal Reserve Bank of Chicago President Charles Evans said. Echoing his other recent remarks, the official said the Fed is doing much worse on promoting job creation relative to containing price increase (both suck), and to rectify that imbalance, the institution may have to change its views on inflation, at least for a time (again, transitory).

"Given how badly we are doing on our employment mandate, we need to be willing to take a risk on inflation going modestly higher (high unemployment and high inflation here we come!!!)in the short run if that is a consequence of polices aimed at lowering unemployment," Evans said, in comments taken from the text of a speech prepared for delivery before an event held by the Michigan Council on Economic Education.

So let me get this straight...they admit failure in the labor market, so they need to stoke inflation to make things better.  Their aim sucks...why do we let them keep taking shots? 

Mon, 10/17/2011 - 21:01 | 1783720 lemosbrasil
lemosbrasil's picture

XLF, an index of USA financial sector had a strong support 13 broken and last days just retested it.....so......lets go down again !

see here: http://pracompraroupravender.blogspot.com/2011/10/grafico-setor-financeiro-eua-apenas-um.html

Mon, 10/17/2011 - 21:07 | 1783735 GOSPLAN HERO
GOSPLAN HERO's picture

Bankers and "Honest Abe" --

"The Republican Party establishment, led by Lincoln, was very clear on what it hoped to achieve with a central bank. As Heather Cox Richardson recounts in The Greatest Nation on the Earth: Republican Economic Policies During the Civil War, Senator John Sherman, brother of General William Tecumseh Sherman and chairman of the U.S. Senate Finance Committee, declared, "nationalize as much as possible, even the currency, so as to make men love their country before their states. All private interests, all local interests, all banking interests, the interests of individuals, everything, should be subordinate now to the interest of the Government." This is a perfect rendition of the collectivist philosophy that would plague the twentieth century with its insistence that citizens are to be the mere servants of the state, rather than the other way around."

-- Thomas DiLorenzo

Mon, 10/17/2011 - 21:24 | 1783762 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

There are bigger Octopi to fry than just the Fed...

Occupy the Octopi

IMF resources adequate: Lagarde: http://www.breitbart.com/article.php?id=CNG.ce88761a8c2baeac46f69c7a8623d206.881&show_article=1
Mon, 10/17/2011 - 21:28 | 1783773 Pitchman
Pitchman's picture

Nice!

Same assume graphic and more; It is time to:  Occupy The FED & Withdraw Your Money From TBTF Banks

 

END THE FED

Mon, 10/17/2011 - 21:57 | 1783777 williambanzai7
williambanzai7's picture

Someone linked this to me over the weekend and I put it up in the thread.

If I was in NYC/OWS I would be carrying this image on a placard. It's already on my wall.

VINTAGE SQUID PLACARD

Mon, 10/17/2011 - 22:26 | 1783888 Setarcos
Setarcos's picture

Hi Will,  I bet that you can greatly elaborate on this ... go for it!

Whilst I'm here: a few days ago you mentioned that you had used Platos "Cave Analogy" at some point, but I cannot find your post (OK my forte was mechanical engineering and I only, reluctantly, got a computer when nearing retirement age; so all I know is what I need to know ... so maybe you could give me the link).

Meanwhile - and because philosophy is my other forte(?) - it crosses my mind that the Analogy - Allegory, if you prefer - is VERY apt now.

The 'chains' that have had people watching the projected 'shadows' are being broken, e.g. so as to begin to see that it was the 'fire' of the financial system that created the illusion of wealth. for all and sundry ... always an illusion or even delusion.

I may have already lost all people who have never read Platos "Republic" - which contains the "Cave Analogy" - but I will persist by saying that the OWS/etc. movements are the result of masses of people waking up to/breaking their enchainments with previous projections of what the status quo could produce, e.g. universal affluence, endless growth and a constant diet of TV shows.

If Plato was writing today, he would probably replace "cave wall" with "TV screen", but he would still make it plain that it HURTS to be unchained and be forced to face realities such as: the housing bubble has popped, banking is a Ponzi scheme and that 'democracy' has never existed; but has always been a disaster wherever it was approximated (all covered in "The Republic" circa 2500 years ago).

But I digress in present context:

You have the gift, Will, of picturing/making collages of current events; whereas I am too wordy.

In the absence of having seen your original visual rendition of the "Cave Analogy", can I suggest that you do a remake ... along the lines of people being forced to tear themselves away from the MSM, bread and circus and being forced to see their real conditions of existence.

Best regards Gerry (otherwise known as a backward Socrates).

Tue, 10/18/2011 - 02:33 | 1784271 williambanzai7
williambanzai7's picture

http://www.zerohedge.com/article/platos-allegory-euro-cave

I forgot that I did a whole post on this subject. I even rewrote Plato.

We also have a polished version in the shop.

http://www.zazzle.com/platos_allegory_of_the_euro_tshirt-235178720443977...

Tue, 10/18/2011 - 04:55 | 1784354 falak pema
falak pema's picture

brilliant reminder WB7. I remember reading your article on Plato/euro bubble.

Hilariously and sadly a propos...as this coming week unfolds.

Mon, 10/17/2011 - 21:32 | 1783780 reader2010
reader2010's picture

That was the baby Squid though. It has grown up 1,000,000 times bigger and has almost the entire iworld under its control by now.

Mon, 10/17/2011 - 21:34 | 1783784 tekhneek
tekhneek's picture

Greece 1 year bond... 172%...

I give it 2 weeks.

 

Mon, 10/17/2011 - 21:38 | 1783793 digalert
digalert's picture

Imagine someone drawing that dreadful picture 100 yrs ago. What were they thinking? We know much better now than to believe a cartoon.

Mon, 10/17/2011 - 21:41 | 1783801 Bansters-in-my-...
Bansters-in-my- feces's picture

Excellent.....!

He just drew what he seen comming.

Must have been pretty obvious before star search and disney land.

Mon, 10/17/2011 - 23:39 | 1784073 slewie the pi-rat
slewie the pi-rat's picture

leggo my Police Gazette!

Mon, 10/17/2011 - 21:44 | 1783806 Ecoman11
Ecoman11's picture

Today on a Bloomberg podcast interview, David Gergen went on to defend the Federal Reserve and goes on to say how it's done a great deal for this country and that we should not be "tampering with it too much"

About half way through the interview http://media.bloomberg.com/bb/avfile/News/Surveillance/vYan2G6LHlUE.mp3

Mon, 10/17/2011 - 22:41 | 1783932 blindman
blindman's picture

david gergen = bohemian grover, not that there
is necessarily anything wrong with that. ?
i don't know why he gets so nervous about discussing
running around naked in the woods. oh, and he
would like to see jeb bush run this time around.
but did gergen ambush ron paul? so he likes what
paul volker did, sheesh.
.
DAVID GERGEN of bohemian grove smears RON PAUL
http://www.youtube.com/watch?v=E4y8M-HPbzg

Tue, 10/18/2011 - 01:13 | 1784202 MsCreant
MsCreant's picture

David Gergen wants to see Jeb Bush running around naked in the woods? 

Mon, 10/17/2011 - 22:02 | 1783838 bugs_
bugs_'s picture

just wow.

Mon, 10/17/2011 - 22:08 | 1783842 mynhair
mynhair's picture

Slovakia/Solevinia fergets der language

http://www.youtube.com/watch?v=QTQfGd3G6dg

 

So bugger off.

Mon, 10/17/2011 - 22:13 | 1783860 Sizzurp
Sizzurp's picture

Release the Kraken !!  Haha, the more things change the more things stay the same. Maybe this time will be different, maybe the Kraken gets flushed for good.

Mon, 10/17/2011 - 22:20 | 1783875 blindman
blindman's picture

in 1912, 1835 wasn't so long ago.
http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_St...
"1863–1913: National Banks

The National Banking Act of 1863, besides providing loans in the Civil War effort of the Union included provisions:
To create a system of national banks. They had higher standards concerning reserves and business practices than state banks. The office of Comptroller of the Currency was created to supervise these banks.
To create a uniform national currency. To achieve this, all national banks were required to accept each other's currencies at par value. This eliminated the risk of loss in case of bank default. The notes were printed by the Comptroller of the Currency to ensure uniform quality and prevent counterfeiting.
To finance the war. National banks were required to back up their notes with Treasury securities, enlarging the market and raising its liquidity.

As described by Gresham's Law, soon bad money from state banks drove out the new, good money; the government imposed a 10% tax on state bank bills, forcing most banks to convert to national banks. By 1865, there were already 1,500 national banks. In 1870, 1,638 national banks stood against only 325 state banks. The tax led in the 1880s and 1890s to the creation and adoption of checking accounts. By the 1890s, 90% of the money supply was in checking accounts. State banking had made a comeback.

Two problems still remained in the banking sector. The first was the requirement to back up the currency with treasuries. When the treasuries fluctuated in value, banks had to recall loans or borrow from other banks or clearinghouses. The second problem was that the system created seasonal liquidity spikes. A rural bank had deposit accounts at a larger bank, that it withdrew from when the need for funds was highest, e.g., in the planting season. When combined liquidity demands were too big, the bank again had to find a lender of last resort.

These liquidity crises led to bank runs, causing severe disruptions and depressions, the worst of which was the Panic of 1907.
"

Tue, 10/18/2011 - 16:28 | 1786628 Withdrawn Sanction
Withdrawn Sanction's picture

Pretty good summary of the history. But Gresham's Law actually says bad money drives out good if and only if allowances for quality differences cannot be taken into account. The legal tender law combined w/the tax on SBNs were designed to thwart GL's operation. SBNs were NOT the bad money (as is commonly assumed) b/c they were redeemable into specie. The UST money ("greenbacks") were the "bad" money b/c they were not redeemable into lawful (Constitutional) money. [Lincoln, it should be noted, had very little respect for the Constitution's provisions on money or anything else.] Greenbacks were not made redeemable until resumption in the late 1870s.

In the Panic of 1907, JP Morgan (the man) stepped in w/his own money to buy stocks and prop a failing system following the collapse of the Knickerbocker Trust Co. He didn't much care for providing public goods free of charge and so he and some cronies schemed to establish the National Monetary Commission to study the US currency system and then to offer intellectual cover for what would become the Federal Reserve System.

Mon, 10/17/2011 - 23:35 | 1783931 Money 4 Nothing
Money 4 Nothing's picture

Figure out why the Stock Market crashed in 1929 and there within lies the new landscape for this Republic. They ran on the market... why? Cause it's about to happen again, were broke thanks to the squid issuing debt teathered to what? Backed by What? It all works in 70 year cycles and were overdue. Can you pay all your debts within 24 hours if you were told to by your Lenders? It happened then, will History repeat its self?

Here is a clue, human work force (slave labor) and the repeal of Private Property should satisfy the debt. Read your Mortgage agreement and you will see your just a tennant. I hope to God the day dosen't come that my family and I wake up one morning on Private Property that I was enevitably only leasing.

It only cost .60 to print a $100.00 bill, PM's can't save you if there is no currency to redeem into, I am a Silver holder and have just came to this revelation recently. Thanks for throwing that squid up there, it reminded me that food and provisions will be the new barter. 

 

III

Mon, 10/17/2011 - 23:11 | 1784018 earleflorida
earleflorida's picture

excellent wb7

been pasting some clues together - connecting the dots, and what is of interest is that the federal reserve's one-hundred [100] year charter is to expire 12.31.2012 with no mention by the media - 

now why wouldn't there be talk of renewal if it was an automatic - a no  brain`ier, or is there something so grand, and devious that even the politicians aren't aware of [laugh/ chuckle appropriate] ?

perhaps the u.s. gov't is about to let the 'frb' expire, and hand over its  authority to the 'fdic', treasury/mint, or some other cock-a-maniac entity  yet implemented,... and pull a 1933 -  confiscating all physical gold to backstop are debt by paying it down?

in the meantime the 'pboc' now has become the world's new hegemony -  the new communist federal reserve bank in the world of communist china because of our default!

what ya think

crazy jmo

thankyou tyler

Mon, 10/17/2011 - 23:51 | 1784033 Money 4 Nothing
Money 4 Nothing's picture

A type of "Civil War" Part 2. Now your gettin it.

Sorry to say, even being a PM holder myself, but, Silver or Gold are not money either, it's only a vehicle to park your FRN's in to curtail inflation.

I am cashing out for provisions before the 22nd.

1 Gold oz in 1940 bought a nice imported suit. $34.00

1Gold oz in 2011 still buy's that nice imported suit. $1,700.00 soo, where is the money?

Mon, 10/17/2011 - 23:20 | 1784041 ricocyb13
Mon, 10/17/2011 - 23:55 | 1784099 earleflorida
earleflorida's picture

the fed wants out -

they've found a new home -

the fed is a private entity oweing their alligence to no one other than the highest bidder -

fwiw dept: wilson's wife ran the 'wh' for woody's 2nd term - she had complete control,... keeping the vp off limits and just about everyone else while she grazed sheeple on the front lawn -

her laws were only initialed by an incapacitated mr. woody who lost his mind -  

fdr's money came from shipping/ running drugs to china in the mid nineteenth century - and delano was quite the character -

frank's wife, eleanor was the political juggernaut, brawn, and brain trust in n.y. that got fdr elected, and frank's mother had all the roosevelt dough

ps. post above forgot to mention 'comptroller of currencies' as another alternative for replacing 'frb'

Mon, 10/17/2011 - 23:41 | 1784075 Bear
Bear's picture

And people say we have 'advanced' in our thinking in the last 100 years?

 

Tue, 10/18/2011 - 00:03 | 1784109 merizobeach
merizobeach's picture

Cheers.  :-)

Tue, 10/18/2011 - 00:13 | 1784122 merizobeach
merizobeach's picture

The stuff I read on this site keeps me laughing for days...

 

"And where the vultures are, the squid can't be far behind."

"there is no market, there is only the bernank."

"And then there was Bernank Two Times, who got that nickname because he said everything twice, like: 'I'm gonna go print some more fiat, print some more fiat.'"

 

Nowhere else in contemporary publication do I read so much that makes me laugh so long.  Alas..

We laugh lest we cry. --JS

Tue, 10/18/2011 - 01:49 | 1784228 Clowns to the l...
Clowns to the left_ jokers to the right's picture

Here's an example from 1933 depicting goverment waste.

http://vulgararmy.com/post/1014029485/the-federal-octopus-1933-update-no...

This site has 25 pages of the octopus in propaganda and political cartoons related to different regimes, parties, etc. There are several related to Standard Oil.

http://vulgararmy.com/

Tue, 10/18/2011 - 06:44 | 1784397 Scalaris
Scalaris's picture

A very precise and illustrative representation of the current social, economic and political problematic situation.

Should we be worried that it's being going on since 1912 or is it "normal" ?

 

P.S. Hoping that someone will turn Cthulhu Sachs into a large poster, perhaps with the same colour theme that was used for Obama's "Hope" poster, just to add the necessary ironic undertone. You know, because there isn't any.

Tue, 10/18/2011 - 06:46 | 1784398 Cosimo DiMedici
Cosimo DiMedici's picture

thanks for posting, will make a nice facebook picture ...perhaps the sheeple on my friend list will ask what it is and maybe allow me to awaken them

Tue, 10/18/2011 - 06:46 | 1784399 Cosimo DiMedici
Cosimo DiMedici's picture

thanks for posting, will make a nice facebook picture ...perhaps the sheeple on my friend list will ask what it is and maybe allow me to awaken them

Tue, 10/18/2011 - 09:22 | 1784748 GoingLoonie
GoingLoonie's picture

Again, if we had a way to go back to the pre-civil war period in the south we would have seen the same thing.  This is what the US Civil War was all about, and here we are almost 150 years later.  Same, same.

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