The True Truth About the Federal Reserve

I recently engaged in yet another attempted dialogue with a complete stranger on Facebook who wrote something generally indecipherable about the threat posed by the Federal Reserve System. It contained many of the usual tropes you might expect, held together by misspelled conjunctions, crimes against grammar, and explanations that the issue just makes the person so. angry. that. they. can. not. type. correctly……

It got me thinking, though. I don’t really know that much about the Federal Reserve, and it certainly has a not-insignificant number of people feeling threatened. It’s just that I can’t seem to find anything addressing the problems with the Fed that don’t quickly descend into conspiracy theorism. It seems as though anyone who has really looked into the workings of the Fed (or claim to have done so) come out as semi-coherent crazy people. And that’s when the truth hit.

It has been staring us in the face all this time.

The Federal Reserve is Cthulhu.

By BenduKiwi (Unknown) [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/) or CC-BY-SA-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/2.5-2.0-1.0)], via Wikimedia Commons

Think about it: it’s vast, it’s older than any of us, and to try to understand it leads inexorably to madness.

Perhaps Lovecraft himself said it best:

The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of the infinity, and it was not meant that we should voyage far.

He might have even written about an early foray into the depths of the Federal Reserve itself:

It lumbered slobberingly into sight and gropingly squeezed Its gelatinous green immensity through the black doorway into the tainted outside air of that poison city of madness. … The Thing cannot be described—there is no language for such abysms of shrieking and immemorial lunacy, such eldritch contradictions of all matter, force, and cosmic order.

Photo credit: By BenduKiwi (Unknown) [GFDL, CC-BY-SA-3.0 or CC-BY-SA-2.5-2.0-1.0], via Wikimedia Commons.

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Today in Texas Financial News

Alvimann from morguefile.comTwo important bits of news that came out today were the announcement of Janet Yellen’s confirmation as head of the Federal Reserve, and the official announcement that Charlie Strong will be the new head football coach at the University of Texas at Austin.

I expect to see much more analysis, speculation, and navel-gazing about Strong than about Yellen in the coming days/weeks/decades, and let’s be honest, people are likely to perceive that story as having the greater cultural—maybe even financial—impact. With a rumored $5 million annual salary, Strong will probably be paid about as much as the entire School of Engineering. Meanwhile, the doings of the Federal Reserve are of little interest to anyone except libertarians and conspiracy theorists (but I repeat myself.) Did I just rip on libertarians, our great national obsession with the bread and circuses of competitive sports, or some combination thereof? History will decide, maybe.

Photo credit: Alvimann from morguefile.com.

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Some phishing advice…

If you want me to think that you are e-mailing me from the Federal Reserve Bank of America…

phish070812

…use a better e-mail address than “Sparkylok6.” Seriously, folks.

Also, I’m pretty sure there is no entity specifically titled the “Federal Reserve Bank of America.”

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