Topic: Monetary Policy
A Federal Reserve Puzzle for the Reader: Where does "The Road to Roota" Lead? Relax for a bit and read a lovely Federal Reserve state-sponsored comic book for schoolchildren. Then think. by Jake, the Champion of the Constitution
(Libertarian)
Thursday, May 1, 2008
Yesterday afternoon the Bernanke regime lowered interest rates still further, from 2.25% to 2.00%. The MSM attempts at news are laughable these days. CNN published an article headlined "Stocks Surge After Fed Rate Cut" but the truth is both the Dow and S&P 500 had small losses on the day in dollars, and a larger loss if you price the markets in Euros. The proper decision would have been to hike the rates to cut down on inflation... if you want to preserve the economy. What are they thinking? Knowing WHY the Fed is doing things - Bear Stearns, etc - is a powerful weapon IF you can figure it out.
Following the 1981 Gold Stabilization crisis, the Federal Reserve of Boston published a comic book called "Wishes and Rainbows." In 2007 this was republished as "The Road to Roota" with a teacher’s guide in 2007. The comic is a cryptic and, at first, a confusing allegory. Here is my challenge
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2008 Jake, the Champion of the Constitution, all rights reserved.
Published: Thursday, May 1, 2008
Last modified: Saturday, May 3, 2008
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I didn't read the "teacher guide" but here are a few of my suspicions:
Americans are the pebble people before the benevolent fed arrived on the scene. The colored flowers represent scarce and limited resources. Golly, we need someone to decide who gets what!
The sad truth is that the full-color world of free association and trade is available to us all but we are trapped by fear into accepting the dribble left to us by our "leaders" because we continue to listen to their drivel and to use their "money."
Of course, the fact that they are not shy about using guns to keep us in the cave doesn't help matters.
When I first started reading this article, I was thinking what the ____?
But I did read the story briefly (a few times).
Very interesting propaganda. A little confusing, with subtle hints of control and flowery bouquet, . Just like a fine wine.....with a very dry finish
What I got so far ... and I say that because I bookmarked it for further investigation....
Is it has a lot to do with the new world order.
I also felt like it has a hint of communism, and a new concept of social security by seniority of ctizens.
Farming is incouraged.
It also hinted that the Pebble People (little people) or you and me could invest in government sponsored investments of natural resources. (?)
In talking about supply and demand there seemed to be a hint that world wide price fixing was a good way drive up demand. (scary thought), but we are seeing that happening already with energy, food and prescious metals.
Boulder Ridge and Gopher Junction either just come from the authors location....or........Grand Juction is ripe in Uranium which is a very colorful rock. (?) Boulder Colorado , is the home of Rockwell / Rocky Flats (plutonium factory).
I also picked up a hint that a new money system was in the plan.
Definitly new World Order and this story has got to be the best outline of it that I have seen yet. What ever the true meaning of the story is, it is interesting that it is told in this format, as a cartoon.
I have to say this is a really great article.... it incourages investigation, thought and discussion. All of which we need to stay informed just as they had in mind when they wrote this story. They wouldn't have wrote it though if they didn't plan on implementing it. BEWARE !
Posted By: Jake, the champion of the constitution
Date: 2008-05-01 17:22:11
Dear Lloyd Kempson.
Please do what ever you like with your own money. I wish you whatever happiness more American dollars and imported stuff can give you. And perhaps a rich Lloyd Kempson can buy us all a nice perfect replacement for Ron Paul, wouldn't that be nice?? However, I digress, but you are way off topic. Any actual thoughts on the comic book? That's what I am interested to hear
Dear Lloyd - I am trying to track you down because you sort of pooped on my Federal Reserve "Road to Roota" comic book article and ran away. How about sharing your insight? You seem to tick a little different than others here, which I appreciate, even when you call others names and belittle my work, but I am really interested in your thoughts and viewpoint.
I don't read kookery unless I am somewhat interested in the subject matter. I don't go running to get the new Mcgruff comics, so I am not going to see or read the new Federal Reserve comic that was possibly drawn by a nepotistic employee of the Federal Reserve so that thier kid wouldn't have to flip burgers for the summer. Sorry, I have no thoughts on the teachers guide.
I just wanted to comment on the nWo kookery that was expressed. Sorry if I made your day go bad. :(
Posted By: Jake, the champion of the constitution
Date: 2008-05-03 18:44:47
Dear Lloyd,
You couldn't make my day go bad by calling the article "kookery," thats your opinion and besides, it reminds me of what the media has petnamed a certain politician. Thanks for sort of contributing.... Jake
Reading opinion on monetary policy is like watching the weather chanel and worrying about a hurcane that is not there yet. America is the strongest economy in the world even when it is weak. The people of the United States will always make it work. Sorry for not finding monetary policy interesting.
I won't be using this comic to teach any students any time soon, but when a first grader saw the PDF file on my computer today, he was immediately intrigued.
If you were looking for a way to get your ideas of scarcity in an economic system across to young children, the "World of No Color" seems pretty clever.
That being said, I was disturbed by the fact that the first "color" that was discussed in the story was gold (the color of money), and that the only thing keeping those precious colorful flowers alive was "golden sunlight." (umm... trickling down from heaven?)
Jake, ever consider making your own comic book for young children? Just keep in mind that if we found this one confusing, imagine an eight year old tackling it.
... and lloyd, you can believe whatever you wish. Although, numbers don't lie and if this quarter doesn't turn around quick, the economy will be in a text-book definition recession with an actual depression looking ever more likely.
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2008 Jake, the Champion of the Constitution, all rights reserved.