Yesterday, 10:40 AM
They know exactly what it means. That's why CNBC shut Jim Grant down, full stop, the moment he brought up the large increase in M2 on the air in April 2020. Perhaps you forgot about your posts in this thread back then? Not only did the Fed change from weekly to monthly reporting they also changed how it's calculated and presented. Even suggesting that the Fed doesn't understand it's own monetary base numbers and the impacts of them is too obtuse even for you Krug.
http://www.ronpaulforums.com/showthread.php?545341-M2-money-supply-has-been-increased-more-since-Sept-than-the-entire-Great-Recession
Whole thread is good for a historical review but oyarde accurately predicted inflation over a year ago due to M2 but JPow can't?
The Fed, along with connected corporations, who now own pretty much everything so they can set prices, are sucking money out of circulation to bring on defaults. Great Depression playbook again. Get everyone levered up and overextended then pull the money back out causing waves of defaults. Price inflation is a tool to drain money that would otherwise go to servicing debt.
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