oldschool CxC

Sunday, August 13, 2006

Why Has the Fed Stopped Reporting M3?

M3 (money supply)?

a lot of gold bug biased articles..: Grand illusion

I believe a lot of oil trades were dollar denominated and this may change..

I know, I am not making sense even to myself.. That is not actually a quote, it is an uninformed paraphrase. Think of it as a starting point of research and let me know if any of it makes sense.

It all stemmed from a chance meeting with some prison dentist at my cousins wedding, he was talking about how he wanted to put all his assets (or what he planned to leave for his kids) in gold coins under his beds or something like that. and I think he kept bringing up the conundrum of who owns the Fed. Here is MSNBC answer and some other answer.

can someone tell me if this quote is true and if so I am sure it is just inflation..

Since George Bush has been President our country has borrowed more money from foreign nations than was borrowed during all of the administrations that came before him combined!


Blogger Sony said...

what's that from?

1:21 PM  
Blogger Samuel said...


3:58 PM  
Blogger Samuel said...

thanks for the clarification. i didn't know where you were headed with your original question. i still don't have an answer for you though.

prison dentistry eh? sounds like a tough occupation. i can't imagine the criminal element has the best higene or positive attitude about dentists.

1:25 PM  
Blogger REkz said...

I think it's verifiable.

I heard on Pacifica that Bush Jr had borrowed more in his first Presidency than Reagan, and apparently the NeoFascist NeoCons were trying to raise the debt ceiling to destabilize the country more (don't know if that passed).

All this was BEFORE the war debt but after the tax cuts for the wealth but before the tax cuts on inheritances.

Ari conspiracy guy thinks that the goals are:
increase private wealth
decrease public wealth
decrease democratic influence (which is fairly low already)

And then the starving lower classes beg the rich for money & food & the wealthy become heroes.

Yeah, I know it sounds crazy & outlandish -- but it's also the history of the West, from prior to the time of the Romans to just after the English royalty was overthrown.

And don't think that, just b/c the money's changed hands to other families, that the wealthy don't seek ABSOLUTE power again -- regardless of consequence (environmental, social, metaphysical, etc).

Glad to get my RANT in! :)

3:55 PM  
Blogger Erik said...

"The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt, are indications soliciting the employment of the pruning knife."

-- Thomas Jefferson

10:06 AM  
Blogger A. said...

yet the criminal element gets coverage for dental work, along with the three hots and a cot..

6:24 AM  
Blogger Erik said...

(apologies if this double-posts)

I'd also heard that the feds have printed an additional $500B in money in the last two years, which results in a discount of existing money by approx. that same amount. I saw this referred to as M2, but after reading some descriptions I still don't get the M1-M2-M3 thing.

But my point is, this gets Libertarians in an uproar since it amounts to a hidden tax without representation. And before anyone blames the fascist neocon bushitlers, this sort of fiscal shennanigans is right in the wheelhouse of both major parties.

9:34 AM  

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