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Banking Establishments are more dangerous than standing armies.

Thomas Jefferson
Letter to Gerry


52 week ROC (Rate of Change) blue
M3 Short term
52 week ROC (Rate of Change) blue
M3 Logarithmic Chart

7/9/08 Bill Bonner figures that currently, the U.S. money supply as measured by M3 is increasing at an annual rate of about 18%.
The Federal Reserve conspiracy theorists go on to argue that this is exactly the kind of monetary policy you'd expect from the world's greatest debtor nation. Use your credentials as a short-term inflation fighter to convince global savers it's safe to buy U.S. dollars and U.S. debt, while at the same time supporting the long-term inflation that will cut the future value of that debt and thus let the U.S. pay back its current debt in less-valuable future dollars.
On March 23, 2006 the Fed stopped publishing M3.
In November 2005 The Federal Reserve  announced that as of  March 2006,   M-3  will no longer be posted.