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View Full Version : A question about the money supply (M3)




Original_Intent
01-02-2008, 01:41 AM
Is it true that now there is no way for an American citizen to know what the amount of money in circulation is? (I am not talking paper, I mean both physical and electronic dollars).

Can Congress demand this information? Will a FOIA request get it?

If it is truly information that no one can get and is not even available to Congressional oversight - then don't you think we could use this as something to wake people up about what is going on with the Fed and this countries economy?

Don't we have the RIGHT to know the true inflation that is going on, and wouldn't it be interesting to compare the M3 numbers over the past 20 years to the CPI inflation lies we are being told?

Anyway, I mostly just want verification that there is no way to get M3 numbers.

Thanks!

Just Come Home
01-02-2008, 01:43 AM
I doubt a FOIA would do anything. It would be like trying to do a FOIA against Coca-Cola...

brandon
01-02-2008, 01:45 AM
No way to get M3. Only the fed's advisory board (*wink) knows.

Original_Intent
01-02-2008, 01:46 AM
No way to get M3. Only the fed's advisory board (*wink) knows.

Lol, let it go! and thanks!:D

simranjits
01-02-2008, 01:46 AM
They stopped publishing M3 only recently , it used to be public. Make up your own mind as to why this is.

Original_Intent
01-02-2008, 01:57 AM
They stopped publishing M3 only recently , it used to be public. Make up your own mind as to why this is.

Do you know what the most recent M3 data was?

rasheedwallace
01-02-2008, 01:58 AM
yep...

i read about this last night actually, in jerome corsi's book "the end of america: the coming merger with canada and mexico"


great book.

anyway yeah, the fed did away with it, claiming we have all we need with the M2's. which is bullshit. so now, we have NO idea how much money is being printed and therefore no idea how bad our inflation truly is.

rasheedwallace
01-02-2008, 02:00 AM
Do you know what the most recent M3 data was?

on november 10th, 2005 the FED made the decision to stop the M3's.

at the end of 2006 M3 was reported growing a 9.6% and trending higher, up from 8% in early 2006.

Chester Copperpot
01-02-2008, 02:01 AM
Do you know what the most recent M3 data was?

There are some people that guestimate money growth, etc. But there is no way to know 100%.. Those people however estimate its around 12%-13%.. which would probably make sense because our inflation is probably 12%-13% as well.

This is akin to the GDP numbers they use now.. Back when we were kids they used to use gNp... but since 1991 or so they use gDp...

They act like they are the same (theyre not) and they state (like m3 supply) that the gNp is OBSOLETE or no longer RELEVANT..

Of course gDp hides the fact that foreigners are buying up alot of America. It hides the fact that American companies shut down plants, etc..

Chester Copperpot
01-02-2008, 02:02 AM
on november 10th, 2005 the FED made the decision to stop the M3's, so i'm assuming 2004.

at the end of 2006 M3 was reported growing a 9.6% and trending higher, up from 8% in early 2006.

No the fed stopped publishing M3 money supply in March of 2006... oddly enough the same month Iran's supposed OIL BOURSE was supposed to go into effect..

DSmith
01-02-2008, 02:03 AM
Here ya go: http://www.nowandfutures.com/key_stats.html


http://www.nowandfutures.com/images/m3b_long_term.png

AceNZ
01-02-2008, 02:04 AM
Do you know what the most recent M3 data was?

One reason the Fed gave for no longer publishing M3 was that the information was "available elsewhere". Here's a graph published by a guy who has made a best estimate of M3 based on other published data:


http://www.shadowstats.com/imgs/sgs-m3.gif

The fact that M3 growth has about doubled from 8% to 16% over the last two years, since when they stopped publishing the data, should show why they really stopped...

_rp2008_
01-02-2008, 02:05 AM
You may find the following links interesting:

http://www.shadowstats.com/alternate_data
http://www.shadowstats.com/article/32 (especially the part near the bottom that talks about a methodology for estimating M3 today)

rasheedwallace
01-02-2008, 02:06 AM
No the fed stopped publishing M3 money supply in March of 2006... oddly enough the same month Iran's supposed OIL BOURSE was supposed to go into effect..

yeah the decision was made in november of 05 to stop em, but apparently it was last reported in 06. your right.

Original_Intent
01-02-2008, 02:09 AM
Here ya go: http://www.nowandfutures.com/key_stats.html


http://www.nowandfutures.com/images/m3b_long_term.png

Perfect! Much appreciated!

DSmith
01-02-2008, 02:30 AM
Perfect! Much appreciated!

No prob... use it to spread the word!

Hook
01-02-2008, 03:06 AM
The latest estimates for M3 are almost 20%/Year. Which is probably why they quit publishing it last year. Their excuse for not publishing M3 anymore is that it cost a lot of money for the Fed to do the studies to find all the M3 data. So even the Fed doesn't know anymore because they don't commission the million dollar anual studies.