Inquiring minds may be wondering what economic cartoons from 1912 looked like. I can help.
It seems silly now, but in 1912 some nuts thought the Fed would become an all-powerful Wall Street/Bank/Gov't cartel. pic.twitter.com/rFjCf4KElx
— Rudolf E. Havenstein (@RudyHavenstein) February 22, 2014
It's almost spooky how these cartoons are as fitting today as they were in 1912. pic.twitter.com/JYczWQWDa9
— Rudolf E. Havenstein (@RudyHavenstein) April 12, 2016
Flash Forward to Today
People's QE is the same transfer of wealth from the middle class to government as any QE. https://t.co/Pqco0QYbpH pic.twitter.com/FxEOMuW7o2
— Daniel Lacalle (@dlacalle_IA) July 2, 2017
Cartoon of the Day: All Thumbs https://t.co/mJV5lSLaT3 pic.twitter.com/J0NgVrvXru
— Hedgeye (@Hedgeye) July 14, 2017
Cartoon of the Day: You're Fired? https://t.co/ijokoqtNQ2 pic.twitter.com/yZxYLLXS4f
— Hedgeye (@Hedgeye) July 13, 2017
The Scary Takeaway from Yellen's 'No Financial Crisis in My Lifetime' Speech https://t.co/zxlXbuGPkU
— Hedgeye (@Hedgeye) July 12, 2017
@Hedgeye always makes me laugh. #Fed #interestrates pic.twitter.com/6EG6ohiZoh
— Michael Loftus (@mpllws) June 15, 2017
Is The Yellen Fed Truly "Data Dependent"? https://t.co/2YYwdbCqAY via @hedgeye pic.twitter.com/AZMdB4L0Gx
— Gabriela Araya M (@GArayaFX) June 14, 2017
#Fed Policymakers Don’t Understand the Money Supply Process https://t.co/7lOtlWG162 via @hedgeye
— Steven Warrenfeltz (@BullionGuide) May 30, 2017
"Trump has the gumption to stand up to the Fed & deliver his People from indentured servitude." –@DiMartinoBoothhttps://t.co/AZsuOFapPv
— Hedgeye (@Hedgeye) May 26, 2017
HEDGEYE ❤️'s THE FED
😂https://t.co/tTxdHrhUDg pic.twitter.com/WNCHJYaLCF— Hedgeye (@Hedgeye) May 24, 2017
Fed's Neel Kashkari talking about "risk management" and gazing into his crystal ball… pic.twitter.com/vGc3qv4MSb
— Hedgeye (@Hedgeye) March 20, 2017
NEW INSIGHT
What Investors Don’t Know About How Trump Will Transform the Fed
by @HedgeyeDDale https://t.co/HykBDZNnMk pic.twitter.com/FeHZxVKm57
— Hedgeye (@Hedgeye) February 18, 2017
Here's 1-minute clip from "The Macro Show" last month. Update: The #Fed still isn’t hawkish enough https://t.co/k1kwWOdFcd @KeithMcCullough pic.twitter.com/Vo78cATKIW
— Hedgeye (@Hedgeye) February 16, 2017
The Fed is a Dead Dove Walking
by @KeithMcCullough https://t.co/KwIaTVJie5 #Fed pic.twitter.com/lZrCPSYPdq— Hedgeye (@Hedgeye) February 2, 2017
Mike “Mish” Shedlock
Zion National Park – Autumn – Clear Creek
https://mishmoments.com/2017/07/20/zion-national-park-autumn-clear-creek/
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Nice. Break is over. Get back in line, drones.
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Great set of cartoons. If Americans have to be free again they have to be freed from the yokel of the Fed. OMG, what a wonderful and delusional thought!
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It’s always the “GOLDEN RULE”
…isn’t it! 😉
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Yes, for thousands of years before there was ever a Fed, and for thousands of years to come if there were no longer a Fed. The Fed has little to do with this particular story.
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Correlation is not causation, only the premature make a circus act of the unsigned miracle of coincidence.
So when you understand that the one who makes the rules has the gold, you will be getting just a little closer to how the world actually works, by sweat, by trade, by hook and crook, and ultimately by force and the psychology of its use.
Those who are powerful rarely need to use their ability, those who are weak must use it often.
So the strong become weak and the weak become strong, but gold is just the trophy not the game, and papers are just the orders of the day.
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“Correlation is not causation,”
Did you assume I did not know that?
“So when you understand that the one who makes the rules has the gold”
Again, did you assume I did not know that?
“Those who are powerful rarely need to use their ability”
In my world, power came from ability… much like being the leader of a pack of wolves.
…and Gold is just a synonym for wealth… but I assume (and hope) you knew that…
Now I’m going to go bike and play tennis… (which you think I suck at)
Abrazos y besos
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Power came from ability , but is not it, it is the hypothetical extension of previous ability.
Only someone vain or egotistical would assume I was talking in person.
Besitos
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yes, when i use tú or usted in Spanish i only expect vain and egotistical people to think i am referring to them. (see your second paragraph)
weird use of the word premature in paragraph 1, and “unsigned miracle” – I have no idea what that means, google doesn’t seem to either. Juxtaposed to “circus act” which is poetic license to the extreme when describing a mathematical misinterpretation and the sentence is a freakin’ abortion.
As for vain OR egotistical. — why make me choose between alternatives? Let’s go with both!
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wrld,
Being that you are the one person whose comments I read here, I have to say, this guy has one hell of a passive-aggressive obsession with you. It is funny though.
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Correlation is not causation
Nor is it negation. However, it can be indication. And no correlation can be evidence of lack of causation.
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Besides the Fed there are foreign governments hostile to the US that are also printing counterfeit greenbacks. I’m not sure what the difference is between theirs and ours, except that theirs were not “approved”.
To understand the situation read “The Creature from Jekyll Island”.
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You’re exactly right CJ, The Creature from Jekyll Island is a great read. You can also listen to the book in the following youtube video:
It works out to 4.5 hours, but you can listen while driving, cooking, etc…
Separately, it is amazing that in 1912 they had a better grasp of what the “Federal” Reserve would be (and now is) than we do now. They’ve really pulled the wool over the public’s eyes.
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@Brian,
Basically Camel and the tent. Allow the camel into the tent, soon you will be out of it.
Sooner we consign these cohorts (politicians, banksters and central bansters) to where they belong the average citizen will be better off.
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ha ha excellent.. “many a word spoken in jest”
this will remain my favorite allegory of Fed testimonies, ECB, BoJ and Old Lady press conferences (the dancer doing nothing very much above the waist except waving a few pom poms every now and then) to the bankers, fund managers and libtard socialist MSM (sitting around enraptured).
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if you do not refer to the other side of your coin as contard then you have tunnel vision
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altRtard or reptard? i guess you don’t mean any of these:
Someone who plays consoles and is proud of it. Usually campers who spend all their time playing CoD 4 and Gears of War. Also has an unprofound hate of PC Gaming.
http://www.urbandictionary.com/define.php?term=Contard
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oh wait.. agreed – i hop no tunnel vision,
you meant anti-Bush
A contard(conservative retarded) is someone who will support every action unPresident Bush makes. When asked a question about Iraq and WMD’s they try to hijack the question and talk about how Saddam Was a bad guy and how he killed his own people. Generally these are the people who are seen with signs “Nuke em all! YEEHAW!!!!!!!!” or “Iran is next” like it’s a g
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“my favorite allegory of Fed testimonies”
Nah, this:
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love it! and the “..and it’s gone” one post GFC
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Wasn’t Rudolph Havenstein the German Finance Minister at the time of the hyperinflation? And didn’t he insist, when inflation was roaring, that printing money didn’t cause it?
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The Fed is dedicated to preserving a worldwide financial system that is built on the assumption that trade surpluses with the U.S. will last forever, and the Fed will gladly supply dollars to foreign banks in order to maintain that system. I wonder if the millions of people who have lost their jobs in manufacturing over the last decades know that this would not have been possible without the Fed’s assistance?
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Some time back I saw a cartoon, or maybe a poster, from the Confederate government saying that if the north won the war our children would fight in endless foreign wars. Maybe pstchics aren’t frauds?
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No simpatico for the Fed, but blaming all the ills of of the economy on the Fed is a distraction from the (whole) reality.
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It’s no Fed cartoon, but it is still funny:
“(CNN) — It was one small step for security technology, but one giant leap in the wrong direction for robotkind.
A security robot in WASHINGTON, D.C. — lovingly named Steve — plunged down four steps into a FOUNTAIN Monday.”
Quotes from “Security robot meets untimely demise after drowning on the job”
http://www.cnn.com/2017/07/18/us/security-robot-drown-trnd/?iid=ob_homepage_deskrecommended_pool
Now we know what a logical robot does in the midst of hopeless chaos.
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The difference between nuts and visionaries is the size of the audience.
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Once again, let’s go back to our Keynes…
“Whiles workers will usually resist a reduction of money-wages, it is not their practice to withdraw their labor whenever there is a rise in the price of wage-goods.”
-The General Theory of Employment, Interest and Money, Pg 7 paragraph 1.
Production costs going up because of a labor squeeze? Just tell the central bank that one of their jobs is to worry about unemployment. Well, easiest way to get people jobs is to make their labor dirt cheap. Worked great for the economy of the rural south right up until it didn’t, right? So spool up the printer until that $15.00/hr won’t buy groceries and everything will be just fine.
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