Lots of great Fed propaganda posters here, from yesteryear
Source link: http://archive.mises.org/17068/i-had-no-idea-that-the-fed-was-so-wonderful/
I had no idea that the Fed was so wonderful!
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I suppose that bare patch is supposed to be American business.
Um, so… what happens if the dam breaks?
Everyone gets rich?
What kind of question is that? The dam is supposed to break. Remember destruction of property = increase in capital. The math doesn’t lie.
This could make so many good parodies with some basic manipulation. For instance Barnanke chiseling away at the dam wall.
This. Someone do this.
What came to mind was something along the lines of The Bridge on the River Kwai.
The fed blew up the dam and the market got flooded with funny money and we’re headed towards hyperinflation and then trade wars and then real wars.
Yes, we should abolish the Fed and let the government issue non-debt paper money.
Governments are much better, and less corrupt, at managing money than are private for-profit banking corporations that have no accountability whatsoever to the people they steal from.
Try allowing freedom to work instead… A good government currency is the one that is never used.
Well you’re in luck the paper money that used isn’t a debt on anything rather the paper money is token money – it’s value is determined by its face value and you can’t hand the paper note in exchange for gold or silver (or anything) bullion.
I like the freegold idea where you can use gold, silver, or government notes, whatever you want, as a store of wealth. For transactions you use government fiat paper (or gold and silver if you want, but why would you when there isn’t enough G&S to go around?). The government issues non-debt based fiat paper when it spends, and this money is simply given to it by the central “bank”. The government could not, and would have no reason to, go into debt since it is issuing its own currency. Any incentive it would have to overspend for short term political reasons would cause inflation and would be met by everyone running to gold and silver instead and a rejection of the currency. Or it could be mandated that the government must not increase or decrease the money it issues year after year.
Then when you pay your taxes you pay in government fiat currency, then this money is taken out of the system, or turned around and re-issued when the government spends money on its programs.
It’s not what backs the money that’s important, it’s who is controlling its quantity. People have been accepting unbacked paper as money for 41 years now so you can’t argue that the simple fact that it is unbacked means it is not real money and does not act as a medium of exchange. The problem is who issues and controls that fiat money.
I think you’ll find the austrian theory of money is a bit more sophisticated than you imagine. Federal Reserve Notes have equilibrium value, according to austrian theory, because the state requires* their use as a standard of account, thus giving their usage a significant (if artificial) advantage over more natural monies such as gold and silver. Dollar bills are “fake” because their continued trade requires state intervention. Remove the government and the dollar will soon follow.
Name one government in all of history that wasn’t corrupt.
The Fed is government-controlled money supply.
Considering how many workers ended up as a permanent part of the Hoover Dam, perhaps the slogan should be:
“The Federal Reserve – Built upon the corpses of the innocent.”
I like the subtle use of the crucifix. They’re trying to say, “Jesus supports this,” but it looks to me like nailing up the US economy up on a cross to slowly die.
Brazilian money always in the lead… Our paper money comes with the inscription, “God be praised.”
The only thing missing in that picture is an idyllic village below the dam.
Can you believe how high the waters of Lake Mead used to be?
These posters were from the 1920s…. One decade later
This is the same old misidentification of money as some kind of fluid which can be trapped, harnessed, released, slowed, accelerated or multiplied according to some kind of mathematically expressed engineering principles. It only works, intellectually, if you are ignorant of the history and purpose of money, and if you have a lot of awe and respect for complicated mathematical formulae. These shortcomings are entirely the responsibility of the government school system.
It is not so much an intellectual mistake, as it is a ruse designed to fool the victims into accepting the blatant theft of their paychecks and savings. It has as much to do with increasing or saving the wealth of society as a magician’s tricks have to do with animal husbandry. The kind of magician who dazzles the crowd while his henchman go around picking their pockets.
The Fed is so wonderful because it’s the bureaucrats land of plenty.
Whatever will happen the workers of the FED will have the money ;-(
Isn’t that a liquidity trap?
Very good, only it should probably read:
Another correction – “which are instantly available when danger threatens a politician’s votes.”
Indeed..
In this next decade, China’s Yuan will replace the U.S. dollar, world-wide. America will fall rapidly into “Third World” conditions, Oil will be driven beyond the reach of the average American citizen by 1.6 billion new Chinese and Asian “motorists’ paying in strong Yuan up front to Saudi Arabia and OPEC countries. America’s remaining oil, all hard to recover oil, will never be developed fast enough to soften the blow, even all the oil from Canada will not help, will so be sold at expanded “World Prices”. America on the same cusp of the abbyss the U.S.S.R. teetered from, right now! Even the mighty American Capitaliat, the Ford Motor Company has invested its fund sin factories in China! Google this: Don’t cry, don’t take time to get angry, just run, as hard as you can, take cover, the very last days of the greatest Caucasian Empire the world has ever known are happening, in Washington, right now.
USA is the largest debtor nation in all the histopry of all mankind, today!
America’s well renouned “War Machines” sit neutralized by “Mutual Nuclear Destruction” ! Keep in mind, now, Yankee Doodle, the truth is, China exploded the very largest nuclear bomb the world has ever seen, ten-fold larger or more than anything the U.S.A. ever had! Decades ago! But: can the effectively deliver it? Well they have already shown the world that their missiles can take out “communications satelites” haven’t they?
The Fed’s fat thumb on every deal made with U.S. doolars has made traders around the world more willing than ever to trust China, and trade in Yuan, and this is so happening!
What can America do? Scrap the “American Dream”. Go back in time to agricutural America, this time with new tenology for support of course. Take back the arable land from the Multi-national Corporations, give it to private citizens. Stop using U.S. dollars for internal trade. Use Yuan, buy Chinese farm iplements tractors trucks – all Diesel fueled, gasoline is about tobecome a thing of the past in America. Get “sustainable” as fast as humanly possible. Solar Wave, Wind, Hydro, Tidal, geothermal, bio-mass, anaerobic sewage digestion of sewage for methane, vegitable gardens, bicycles, electric bikes, cars, trollies, trams, railways, street-cars, all will come back, as Asians strip the world’s oil for their rapidly expanding Empire.
China may even use the “Population Bomb” to make gains! Beware! We are about to adapt to a “New Reality” in America, and this decade, no later!
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