Written by WAM
The New York Federal Reserve has produced a new comic book. This is not your typical Marvel Comics produced Spider-Man entertainment. This comic book is designed to enlighten the people about inflation and how the Federal Reserve fights for the greater good of the American people. Lets take a look and see what this propaganda is really all about.
Aren’t comic books something children read? Apparently, The Federal Reserve thinks the American public are too stupid to read a normal adult publication. So, we get a comic book with big pictures, pretty colors and a mocking kindergarten tone about inflation.
It opens with people rioting over inflation. There’s no need to riot The Federal Reserve will protect you from the evils of inflation. The publication shows how bankers are hurt if inflation rises. Of course, we can’t let the bankers actually lose money. There’s a subliminal message about buying inflation-indexed bonds. Lets not harp on the fact that those bonds lose value when inflation is stable, while other bond instruments go up in price.
My favorite section is on page 9 where the talk about hyperinflation begins. It shows cities crumbling and useless cash being burned as kindling for a fireplace. It then gives examples of countries such as Russia and Brazil collapsed under the weight of hyperinflation. Lets scare the people into thinking this will happen to them if we The Federal Reserve aren’t guarding against inflation on a daily basis.
Here’s the biggest piece of propaganda found in the entire document. On page 16 it says this “One factor supporting the Fed’s independence is that unlike other government agencies, it does not depend on appropriations from Congress”. The Federal Reserve is a private corporation owned by shareholders. These shareholders are some of the largest banks in the United States. There’s nothing federal about it. It’s as federal as Federal Express.
This whole thing is a complete farce. Its insulting that the Federal Reserve would stoop to such lows. This just goes to show us that these holier than thou bankers think they are above everyone in society including the American government.
Please don’t let ignorance run you over. Learn about The Federal Reserve and how they are setup to operate on a day to day basis. Educate yourselves on the current bills being rammed through Congress. Don’t allow yourselves to be led by criminals just because they tell you it’s good for you and the country.
The Cynical Report 