A "Federal Reserve" cartoon from 1912 -- the next year the Frankenpus would be jolted alive...
Even 105 years ago it was a bad idea...and some people knew it.
Today? Not so much... Most people don't even understand what the fed is, nor how fractional reserve banking works!
Very scary...
(Cartoon lifted from ZH)
Love this I remember seeing these in history class growing up most kids just slept and goofed off!
Great find! The more things change, the more they stay the same.
Agreed it just keeps getting bigger and less people realize it!
Last night, I was pondering how bad it is, dumping fiat into the markets to create artificial wealth and realized it is the worst greed imaginable. I am not a religious man, but thought this must be what the deadly sin of greed is.
If ever there was a prime example of greed it would be the Federal Reserve business plan...
I had an inkling to write extensively on this topic today, without ink.
Do it! You'll be glad you did ;)
Also, head on over to #steemsilvergold and check out some precious metals and sound monetary policy. It's a great group ;)
Cheers! from @thedamus
Wait you guys create groups by making your own hashtag? That is genius!
Getting smarter all the time ;)
you know it just had my best post to date almost at $100! <3 a super whale liked it 100%! Power of Steemit!!! https://steemit.com/introduceyourself/@bigdeej/why-purchasing-steem-power-and-steem-dollars-matters-beginners-guide
I would read that! Followed you!
Cool bro! I just posted!!! Check out my haul and welcome to the light side ;)
If only they had listened when they were warned about this very destiny nearly 100 years earlier
The Federal Reserve = The Reboot of the Second Bank of the US
Its like a bad sequel you are forced to sit through