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To: Win-Lose-Draw who wrote (45437)11/14/2005 2:28:54 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 110194
 
Let's review. New $100 bills inside the United States are counted in MZM.

New $100 bills outside of the United States in Iraq are not counted - until they are deposited into a foreign bank, then they become M3. If the money is repatriated, they become MZM as you assume.

There is a reason why the U.S. military is paying contractors, even U.S. contractors, in Iraq with suitcases of $100 bills rather than direct deposits to their U.S. accounts as they wish. Until you can explain why this is happening, you don't understand how our money system works.
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