Money Supply & The Federal Reserve Message Board

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Non-Tech : Money Supply & The Federal Reserve

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To: Cush who started this subject	8/17/2003 3:49:23 PM
From: Rarebird	Read Replies (4) of 1379

The US M-3 money supply has doubled from $US 4.5 TRILLION in 1995 to almost $US 9.0 TRILLION. During the fourth quarter of 2002, total credit, and therefore debt, grew by $US 2.3 TRILLION, but the US economy grew (measured by the GDP) by $US 363 billion. Total credit market debt was about $US 7 TRILLION back in 1985. It is over $US 34 TRILLION today. In sum, there has been a doubling of the quantity of money since 1995. Total debts outstanding have increased by $US 27 TRILLION since 1985. This in a US economy with an annual GDP which now officially totals $US 9.608 TRILLION. The Federal government is already running unprecedented rivers of red ink. State governments, which face combined budget shortfalls totaling $US 60 Billion, saw revenue fall for the eighth straight quarter in the second quarter of 2003. This is despite the draconian measures, notably in the form of higher property taxes, already instituted to meet the budget shortfalls they are barred from running. It is in THIS situation that President Bush proposes to modernize the national electricity grid, a vital part of US infrastructure which has seen no maintenance for more than a generation.

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