Tuesday, November 15, 2005

US Fed to Discontinue Publishing M3 Numbers

Discontinuance of M3

Release Date: November 10, 2005
Release dates | Historical data | About
Discontinuance of M3

On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).


Unbelievable!!! What does the Fed have to hide in the near future? The Fed produces digital US Dollars. This is like GM (General Motors) announcing that it will no longer report how many vehicles it produces.

The US economy is rolling over slowly here and now since where ever you turn there is too much debt. There are limits to how much can be borrowed just to consume. Well, the US is hitting those limits. Federal income tax revenue is decreasing. There are serious increasing "money" supply problems and increasing price problems in the US. The Fed created the increasing price problems by increasing the "money" supply. Traditionally the Fed increases interest rates to decrease the increasing price problem. If the Fed does that now, it will crash the US economy, and Americans will know that it was the Fed that did it. So politically it looks like the Fed will not be allowed to do that. That it will have to stand aside and let price inflation rip. That it will have to compound the increasing price problem by creating even more digital US dollars out of thin air (essentially what counterfieters do) to give to the US Treasury since its revenues are going to be substantially decreasing, thus compounding even more the price increasing/inflation problem. This part Americans will not understand. Essentially they will not really know who or what to blame for increasing prices that get really wild. No longer publishing M3 numbers is just part of the con.

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