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Comic Books From the Federal Reserve
When comic books first arrived on the American scene, they were funny, or their pages were filled with the daring exploits of real or imagined heroes. Now, they’ve become a conduit for propaganda. The New York Fed, well known as the Federal Reserve System’s leading policymaker, has produced five very colorful 24-page comic books to explain everything the Fed would have us know about money, monetary policy, banking, inflation, and the Federal Reserve itself. The title of each book starts with “The Story of … ” Each truly provides quite a story, but not important facts needed to begin pulling our nation out of its economic doldrums. Instead, readers are treated to a deceptive compilation of falsehoods — one story after another to keep Americans in the dark about truly serious matters.
The Story of Inflation begins, “The dictionary defines inflation as a substantial and continuing rise in the general price level.” That, of course, is as faulty a definition as the claim that wet streets cause rain. But note that the Fed placed the blame for this gross falsehood on the dictionary, not itself, meaning in part that reliance even on a dictionary isn’t always the wisest course. The bulk of the pages in this booklet proceeds from that totally incorrect definition to shifting blame for inflation’s scourge away from the Fed toward a variety of other targets, such as business leaders not producing enough goods.
The Story of Money relates a few basic truths about the history of money and then concludes that the “job of the Federal Reserve System [is to] make sure that the U.S. money supply grows at the right rate.” Sadly, many Americans would accept that summation without question.
Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply. Views on which factors determine low to moderate rates of inflation are more varied. Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply. However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.
Of course they would leave that little factiod out,FortAnthem don't want the kiddies to dig any deeper,FED:We are in control there is nothing wrong with the economy folks here,watch some football and whatever reality show.Here
Originally posted by FortAnthem
Yechh! I've been looking at their little "Story of Inflation" comic.
They say inflation is caused by one guy raising his prices causing everyone else to raise their prices in responce. Then they spout the fiction that all these raising prices will result in us getting a higher paycheck because our employers are bringing in more money from the higher prices they charge. Pfft, like that'll ever happen, the employers will use that extra money to pay for the higher prices to operate their business first. The employee always comes last. They even have the gall to insinuate that raising pay checks are what causes inflation, not their banking policies!!
Then they try to come off like the Fed works to CONTROL inflation and keep it at reasonable levels. HA! What a load of crap that is! Inflation is the decrease in the value of money caused by the growth of the money supply. They forgot to mention that inflation was almost unknown in the US before the creation of the FED.
Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply. Views on which factors determine low to moderate rates of inflation are more varied. Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply. However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.
Wikipedia
edit on 9/14/10 by FortAnthem because: Typos cause by the chunks of stuff I blew over my keyboard from reading that Fed comic.
Quote from : Wikipedia : Federal Reserve
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According to the Board of Governors, the Federal Reserve is independent within government because "its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government."
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Originally posted by burdman30ott6
I ordered all 11 available. I have a feeling I'll be showing these to my grandchildren in 40 years or so in much the same way as my grandparents showed me old Captain America comics where he advised children to tell their parents to buy war bonds and other Office of War Information bullcrap.
Originally posted by Heyyo_yoyo
you know what's an even sadder truth?
After all that they've already done to detroy this country through the mismanagement and embesslement of our money...
They use MORE of OUR MONEY to produce this propaganda!
WHO in the hell authorized this!? An inquiry needs to be made and those responsible arrested!