SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Tadsamillionaire3/30/2006 11:30:56 AM
  Read Replies (1) of 6687
 
This is a MUST read!FED - 'FESS UP ON M3
Thursday, March 23, 2006 - FreeMarketNews.com

March 23rd is more than a normal day. A release from DownsizeDC serves as a reminder that today the Federal Reserve stops publishing a statistic known as M3 - the best information available on how much new currency is being created and held around the world. The release points out that "The Federal Reserve can create new dollars out of thin air. ... When more dollars are created prices rise and the value of your savings fall."

As of today, the Fed has stopped publishing this data for public analysis, and DownsizeDC is not alone in its suspicions about the reasons why. There have been a spate of articles on the 'Net recently speculating about the Fed's fairly dramatic move, some linking it to a possibile Iranian commodities bourse that will offer an alternative to the so-called US petrodollar. "The Fed is planning to do a lot of 'legal counterfeiting,' and wants to hide it," the release concludes.

The release also notes that Congressman Ron Paul [R-TX] has introduced legislation to require the Fed to resume reporting the M3 statistic, and Downsize urges taxpaying citizens to contact their own representatives to support the bill called The Sunshine in Monetary Policy Act. - ST

staff reports - Free-Market News Network

axisoflogic.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News