Karl Goetz Medal – Kienast 160: “Pact of Malice” (1915) Satirical Medal $20 banknote providing insights into the economic

providing insights into the economic conditions and propaganda efforts of the era

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cataloged as P-54p

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Karl Goetz Medal – Kienast 160: “Pact of Malice” (1915) Satirical Medal $20 banknote providing insights into the economicKarl Goetz Medal Kienast 160: "Pact of Malice" (1915) Bold, symbolic, and unmistakably satirical, Karl Goetz's Kienast 160, titled "Pact of Malice" (Der Bund der Tcke), is a superb example of the artist's ability to blend political caricature with powerful storytelling. Created in 1915, during the height of World War I, the medal critiques the Entente Powers through allegory and mythological references. The obverse inscription reads "Alliance of