Quote Originally Posted by Squirt View Post
What are you referencing? I don't know what M3 is. Fill me in
Basically it's how much money is in circulation...USD. Part of the package when they passed the Federal Reserve Act in the dead of night just before xmas vacation in 1913 was that there must be transparency in it's operations. They were required to give weekly reports as to how much money they are printing and where it was going (most is not actual currency but credits entered via a keyboard..10 billion here..10 billion there) so we would have an accurate gauge of what the real inflation rate actually is. But since 1913 the monied interests that represent the Federal Reserve have made it less and less transparent year after year so that now we have a private institution that issues our currency and we arent allowed to know what they are doing. (Yes, it is a private, for-profit institution..look in the phone book..you will not find them in the government pages but in the private busines pages) The M3 reports let us know how much they were printing.
Take a look at a chart of gold or the Euro since november 2005. They stopped the flow of information and immediately turned on the printing presses, flooding the stock market with US dollars. Look at the stock market..record highs every day now.. So the average person looks at thier IRA and assumes everything is great with the economy etc. But how much less is your dollar buying you now than it was just 2 years ago? In tandem with the increased secrecy of the federal reserve's operations they have been changing the Consumer Price Index's formula (The CPI is the "official" gauge of inflation that you will hear the talking heads on CNBC going on about as if they didnt know it is total BS) progressively every year since the begining of Clinton's term so that now the CPI is basically a a political tool that has nothing to do with anything real people see on the ground. Here's two things the CPI dosent factor in: Food and Energy prices.
I mean..that makes sense right? Who eats food ...or buys gas? No one does that stuff right? That's just the tip of the iceberg regarding the new CPI...
But if you really want to get mad i can explain how and what the federal reserve system is and how the model is used in every country in the world now..even austrailia. It's all based on fractional reserve accounting..lending money when you dont have money to lend and charging interest on that money.