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Sweet...when do I get my check in the mail?
i'm calling bullshit on that chart. m2 is up 3.5% in one year. big deal. the chart distorts the increase because the chart doesn't show the full x and y axis. cheap trick.
Did someone say Cheap Trick?
I made a few new Youtube videos.
Congressman Steve Cohen AKA Nathan Thurm
Jesse Ventura Police State Fema Camps Remix
The Precautionary Principle Who Benefits?
...my take on it, too.
I am far more worried that it did not go up far more.
actually, m2 may have gone up more. if the source of those numbers is the privately owned federal reserve bank, then who knows what the real numbers are. does anyone believe anything they say?
...and we should really be looking at M3 (or a re-creation of it) to get the big picture.
I just looked at a 20 year chart of M2 (sorry I was not able to pate it here for some reason, but the trendline in the present and that past are the same.
...and here are a couple of M2 and "M3" charts with rates of change...
...look at the "FTTM" chart....that shows the real impact of the POMO....that's the chart Tyler should post above....
M3 is too expensive to report these days. The Federal Reserve can no longer afford to calculate it, so they said when they stopped doing so a few years back at the start of this depression. Google "disingenuous" for details.
+1099 Timmay bitches!
....and look at those FTTM charts....and I was worrying about the recent price action in silver....nevermore
At least your comment makes sence!
So, we've basically been straight-line off to infinity since about 1995 (aka, the pinacle of the Greenspan era), right?
It would be very interesting to see that chart in inflation adjusted USD, methinks.
That chart was pulled directly from the St. Louis Fed -- no distortion just reporting a factual event -- you might not be used to seeing facts reported. It can be shocking.
That looks like the price of food. Strange. I don't get it.
Thanks for the laugh you made my day.
Steve Liesman is just the jewel of the dephile. He just keeps giving and giving and giving. Endlessly entertaining that man is.
"There's no inflation." - Ben Shalom Bernanke, Market Czar
WHEEEEEEEEE!!!!!! Going up the Roller Coaster!!! Wait does this come down on the other side??? :(
Looks like a Stairway to Heaven.
Well, it looks like the shit is really hitting the fan tonight.
?? What fan are you watching? I've seen nothing...fannish.
He said he was not actually printing money people. "Not printing it". What don't you understand?
"Some people think we are actually printing money". We are not. Jeesh!!!!
It's a cookbook!
Serling silver comment!
I have to agree with Prof. Frink.
They don't print it they digitally create it. You know when you get those emails that say Congratulations you have won the australian lottery. Well at the fed when they get those they credit thier account.
Yes, I would have liked a chance at my own line of questioning. He made his comment, oh so, innocently before lunch. Bizarre.
They are not printing money, they are computer-generating it...I guess they see that as different...
If you could graph a party that you weren't invited to, that is it..
Party at the fed.
lol, good one.. So I phoned, B.B. will only let me have clean up detail.
I don't think that includes all the USD$$ we Benicoptered over for the Eurotrash derivatives, either.
Paul Krugman: "More! More! More! Oh yeah.... and I hate that bitch in Alaska too!"
How dare he refer to the half-term governor that way...
"In October 1923 it was noted in the British Embassy in Berlin that the number of Marks to the Pound equalled the number of yards to the sun"
that be a lot of yards...
Oh, good grief.
I can confirm this. I just got a new unsolicited Visa in the mail from Chase with a large credit limit. I use it and pay it off monthly to cost them money. During the credit crunch I got one high limit card cut to 750 bucks and I have great pay history. Was prob because I paid it off monthly. I'm tempted to max it out and not pay this time around ;)
Here comes the good times once again!
use the card to buy gold and then tell them to fug off, or better yet pay them back in worthless fiat money
They get merchant fees on everything you buy so you're only half right.
But your heart is in the right place.
Actually when you swipe your card and pay them back you are making them exactly the amount that you pay them. They do not loan any money from deposit, they create the credit from your signature.
Mark to SkyPie Bitchez!
Honestly I pictured deflation a bit differently?
Add some V to that M and all of us Zerohedgers will be able to buy the Playboy Mansion (incl. bunnies) for a few double eagles. Too bad nobody else will afford to pay for gas though. Used Porsche 997s will cost a few silver rounds.
Ben says VM=FucQ
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