Explaining the Fed
– as a Cartoon

By Monday January 10, 2011





40 Comments
  1. The Monster's Lawyer says:
    1/10/2011 at 7:29 am

    wow. That was long and boring.

    Reply
  2. foobar says:
    1/10/2011 at 7:38 am

    I’m so glad that I’m Canadian.

    Reply
  3. foobar says:
    1/10/2011 at 7:45 am

    In Canada, we don’t have the Fed and all it’s bureaucratic rules. We just use the unwritten code.

    Reply
  4. Specul8 says:
    1/10/2011 at 7:50 am

    John: This is the best video I have ever seen on what is wrong with America!

    Reply
  5. Alfred Persson says:
    1/10/2011 at 8:47 am

    PROGRESSIVES will never go for ending the Fed…they will riot first…demanding entitlements.

    Reply
  6. dittmv says:
    1/10/2011 at 9:11 am

    Symbolically pushing Hank Paulson down a hole. Wow! It is too bad the cartoon did not include the part about the threats of martial law that exist in the congressional record. Such offenses should more than qualify these people for exile to St Helena.

    Ooh, strong critical words of the establishment… better be careful!

    Somehow I see the sheriff in Pima County responding to this video with, “This is exactly the kind of heated rhetoric that is destroying America. We all need to step back and understand that words have consequences. We cannot have bloggers inflaming the public with those pesky facts. Anything less than a police state is unacceptable. Shut up slaves, you will obey!”

    Good find John!

    Reply
  7. moss says:
    1/10/2011 at 9:15 am

    Yes! Nothing like a 19th Century understanding of 18th Century economics.

    About as likely to be sorted out – to the satisfaction of Libertarian nutballs – as, say, the average American returning to growing all their own food, eliminating wheeled transport and blocking TV broadcasts because of those nasty electromagnetic waves.

    Reply
  8. JimD says:
    1/10/2011 at 9:21 am

    Explaining the Federal Reserve Bank ??? Not “Federal” but PRIVATE, NO “RESERVES”, AND ONLY A BANK A ROTHSCHILD COULD LOVE !!!

    Reply
  9. deowll says:
    1/10/2011 at 9:24 am

    #5 You are so right. Progressives want to be slaves and to make everyone else into slaves.

    They want someone to love them and take care of them like a mommy and they have found it in the government which simply sells them out and pimps them out to the highest bidder.

    Anyone who actually looks at the ~2300 pages of the heath care/insurance package that Nancy P. and Reed passed and Obama signed and thinks the people writing it were doing something other than doing a power grab for the Fed Gov has dementia.

    Worse I find it very hard to comprehend how anyone not utterly brain dead and totally illiterate thinks we the people can come up with the money to pay for this abortion on top of all the other other unfunded liabilities this nation already has.

    It’s like a big slice of the public wants to be badly abused slaves or they loath using their brains to think with so much they prefer to be slaves. How can people be this foolish?

    Reply
  10. foobar says:
    1/10/2011 at 9:28 am

    Just out of curiosity, setting aside all the other silliness. Without the Fed, how would you deal with asset bubbles and liquidity shortages? And don’t say the “free markets”. The US banking industry is as addicted to the Fed like everyone else.

    Reply
  11. Kahless says:
    1/10/2011 at 10:15 am

    I know I’m running a risk here of sounding crazy, but the banks/credit card companies aren’t forcing us to take their money. We have to share a little bit of responsibility for taking on debt we can’t afford.

    Reply
  12. foobar says:
    1/10/2011 at 10:52 am

    Kahless, up to a point. People do have responsibility for their own debt. But conversely, where will you save and invest your money if major institutions hide their risk from you? Most business’, especially smaller (<200), require bank support since they can't maintain a fluctuating pool of liquidity.

    Reply
  13. Ah_Yea says:
    1/10/2011 at 11:24 am

    If you really want to know the history and working of the Fed, read “The Creature from Jekyll Island”.

    http://amazon.com/Creature-Jekyll-Island-Federal-Reserve/product-reviews/0912986212
    4.5 out of 5 stars.

    This is one quote from one review:
    “Without writing reams on this book, it is sufficient to say that this is a must read for anyone who is interested in learning how the money system operates. Griffin gives comprehensive accounts of how the Fed creates money, and how this affects everyday life. I would have to say these sections are better than Murray Rothbard’s book, The Case Against the Fed, because Griffin gives himself more room for explanation.

    Griffin does believe in the conspiratorial view of history, and he believes that the bankers are working in concert with such groups as the Council on Foreign Relations and the Trilateral Commission to bring about a socialist-world system in which an elite composed of intellectuals and bankers will rule over the entire planet. Griffin even spends a chapter outlining how this system could come about, and the consequent results of this socialist system. These chapters are a bit unsettling, but even if you aren’t interested in this worldview, you can still learn much about the economy from this book. Recommended”

    Reply
  14. ECA says:
    1/10/2011 at 11:36 am

    Ownership of ANYTHING, has gone away.
    YOU HAVE no rights of ownership.
    Ever since Property taxes went into place.

    MUCH of this is clear if you look at the cause of WAR. GO to WAR, and get a loan to pay for it..the NATION fell into a trap.
    Nation needed money for the WEAPONS(insted of creating their OWN business/manufacturing/jobs.)

    Then congress voted to GIVE WAGES to the representatives, insted of an allowance for SERVICES RENDERED.

    Then to pay if off, we increase(in anyway/form/cheat/fashion) EXPORTS..the only export the USA has is(???GUESS) FOOD.. WE supply about 1/3 of the food, world wide. We threw out all the agri concepts and Forms of growing and FORCE FEED the plants. The soil cant keep up, so we Artificially FEED and process the food, then ship out what we dont use.

    Do the math.
    USA has 300,000,000
    REST of the world has 4,000,000,000 people. figure that we ship out AT LEAST 10 TIMES THE FOOD that is used in the USA.
    AND we Supply 30% for the rest of the world.
    DO YOU THINK that the other parts of the world PAYS as much as the USA for FOOD? ALSO that we are SHORT on feeding everyone.

    Another point.
    HOW to ship out MORE FOOD.
    Look at your peanut butter. FIND out the amount of PEANUT OIL..its not there. they replaced it with “Modified SOY OIL”.
    Look for SPECIAL products..HOT POCKETS is one. HOW MUCH CHEESE is in most food. Its not real cheese, by any process.
    Hamburger helper..powdered Cheese and noodles.

    Food products are the LAST cut in Export production. CUT everything this nation has, slowly..replace it with FILLERS. replace it with alternative material thats CHEAPER, and CHEAPER.. Take that 1 pound of cereal, make it 10oz and raise the price, and KEEP THE SAME BOX.
    You are no longer eating FOOD, you are being processed, JUST LIKE DAIRY CATTLE. FEED you CRAP as long as you are useful then THROW you away.
    MORE and MORE of our food stocks are being shipped to other nations FOR CHEAP.
    If you live in a farming area…FIND A MILL and see IF’ you can by grain. compare the price from the store. Farmers get about $3 per 1 hundred pounds of grain. Processed and cooked into cereal, you pay MORE THEN $4 per pound.. AND its not PURE GRAINS, there are fillers in 90% of what you are buying.

    This all also goes to IMPORTED GOODS. buying and buying CRAP THAT BREAKS every 1-2 years. ITS MADE TO BREAK. Even the xbox, had a SPECIAL $50 ADDON(it was a FAN) that kept the system COOL..and if you didnt buy it AT THE TIME OF PURCHASE..BAM!! it fried itself.

    Who remembers HOBBY CRAFTS, and being able to REPAIR most goods and appliances? its gone.
    Buying electronics Parts in the USA is like trying to find DIAMONDS on a beach. Whats costs $0.10 in other nations is $10 in the USA. Hobbies are OVER PRICED, like knitting. FIND a cheap skein of yarn and it costs you MORE then the clothes you will make with it. AND IT WASNT MADE IN THE USA, so why is it so Expensive?

    Find your own answers..You wont believe me. There is to much BS running around and the truth ISNT easy to find. ASK your parents and grand parents.

    ABUNDANCE has left the building on a SPACE SHIP FOR MARS..

    Reply
  15. msbpodcast says:
    1/10/2011 at 3:08 pm

    I agree with the food rant ECA said in #14.

    Most of what we eat in America hasn’t been food since the end of the second world war.

    Big agro* depends on big pharma** (85 MILLION tons of antibiotics were force fed our feed-lot raised animals. [Some of these animals are so sick that they're slaughtered instead of further fattening. {Ever eat veal? DONT!}])

    Then the consumers of the products of big agro are themselves forced to feed themselves medicines to counter the effects of the food they ate.

    The FDA is there to make sure that all of the food you eat come from somebody who has processed any goodness right out of it. (Don’t tell me you thought it was for YOU.)

    Its too bad but your kids are obese because the stuff they eat is made to last forever on a shelf and CANT be digested by any stomach. They’ve been preserved to death.

    The only winners are the coffin makers.

    * Monsanto, Cargill, Archer-Daniels-Midland (ADM), the huge feed-lot operations which took over from ranchers and family farm after the end of WWII.

    ** Merck, Dupont de Neimours, Bayer et alia.

    Reply
  16. FRAGaLOT says:
    1/10/2011 at 3:24 pm

    I know this is focusing about the federal reserve, but it would have been nice if this mentioned the selling bank loans to rich investors. The banks can make quick profits by flipping mortgages quickly, including all those bad “sub-prime” loans they already knew wouldn’t be paid back.

    Reply
  17. sargasso_c says:
    1/10/2011 at 4:17 pm

    30 minutes!

    Reply
  18. Animby says:
    1/10/2011 at 6:47 pm

    # 15 msbpodcast said, “kids are obese because the stuff they eat … CANT be digested by any stomach.”

    So, you’re saying the kids are obese because they CAN’T digest the food they eat.

    Isn’t that sort of like saying they get smart because they haven’t studied?

    Reply
  19. sashley616 says:
    1/10/2011 at 7:20 pm

    OK interesting and has some good points in places but it really jumps the shark with the Kennedy thing.

    Who was it on the grassy knoll, the commies avenging the bay of pigs, the mob, the CIA, NO it was the federal reserve! Really?

    Reply
  20. DK says:
    1/10/2011 at 7:23 pm

    You lost me at JFK. BS.

    Reply

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