| Have You Seen the Amazing St. Louis Fed Money Supply Chart as Featured on Glenn Beck TV Today? |
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| Written by Larry Greenley |
| Thursday, 29 January 2009 21:45 |
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Concerned about rampant inflation in the near future due to the unprecedented money creation activities of the Fed in recent months? If so, you must read on! If you're one of those concerned Americans who greatly missed their daily "fix" of the Glenn Beck TV Show on CNN when his show was cancelled, but haven't gotten into the habit of watching his new show on FoxNews at 5 PM ET each weekday, then you probably missed one of his most interesting segments ever.
This graph of the U.S. money supply, 1918-2008, obtained from the St. Louis Federal Reserve research department website that Glenn showed us today is almost unbelievable. It shows an amazing spike in the money supply for 2008. However, we do know that an amazing amount of money has been created by the Federal Reserve in recent months, so the graph is consistent with our suspicions. Of course all of you Austrian economists and Ron Paul fans out there know what's going to happen to the value of the dollar when the money supply increases in a big way. Going down fast! Here's a link to the above chart from the St. Louis Fed's website: http://research.stlouisfed.org/fred2/series/AMBNS. Here's a video of the segment from today's show where Glenn narrates the highpoints of the chart in a very showbiz way.
Who knows. Maybe someone will debunk this St. Louis Fed chart in the coming days. But it sure does appear real today. January 30: Now it's the next day and I've decided to refine a little what I've said in the article above regarding the St. Louis Fed chart. I've done some further research and sure enough many people have been noticing the hockey stick phenomenon of this St. Louis Adjusted Monetary Base chart during the past few months, and they think it reflects an unprecedented inflationary policy by the Fed. To further clarify the St. Louis Fed chart, "monetary base" is defined as follows: Sum of reserve accounts of financial institutions at Federal Reserve Banks, currency in circulation (currency held by the public and in the vaults of depository institutions). The major source of the adjusted monetary base is federal reserve credit. The monetary base, as the ultimate source of the nation's money supply , is controllable, at least to some degree, by Federal Reserve monetary policy. The adjusted monetary base data is compiled weekly by the Federal Reserve Board and the Federal Reserve Bank of St. Louis, and is adjusted seasonally.
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Comments (9)
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Time to invest in gold?
Well, it appears that purchasing gold right about now would be a sensible investment before things take another dive. We've been playing with this Monopoly money a little too long. Has anyone out there bought gold bullion before? Where did you purchase it? Has anyone heard of bullionvault.com?
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Please take a look at the real measures of money supply, M1, M2 and MZM. Currency in circulation is just the paper money. Most of our money is kept in savings and checking accounts. These accounts dwarf the currrency in circulation and the adjusted monetary base. The adjusted monetary base is basically the monetary policy of the federal reserve. When the first $350 billion was released last fall that is the spike in the chart shown by Glenn Beck. Its not a secret or a surprise, but it’s also not alarming once you compare to the size of MZM. As of Jan 2009 MZM is ~$9 Trillion, which dwarfs the $350 billion spike in monetary base.
Real money
May I suggest http://www.silverandgoldaremoney.com/.
mzm, etc.
I'm no economist. Maybe it's not "alarming" to some that the Fed is printing a huge amount of cash backed by nothing - since ALL of it is created that way.
In reference to mfwic
Apparently you have trouble reading graphs, the chart Glenn Beck shows, shows a spike of over 600 Billion. The chart that GB is showing by the way is M2.
fourty two year old man One woman wanted
there will be a ten year depression there will be civil war in america
Buying Gold
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| Last Updated on Friday, 30 January 2009 16:58 |
Our valuable member Larry Greenley has been with us since Thursday, 24 April 2008.
There can be no legal tender in this country ... but gold and silver. This is a constitutional principle ... of the very highest importance"
— Daniel Webster
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