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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (45466)	11/14/2005 2:41:28 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

So in other words, you don't understand and can't explain it. There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy. You incorrectly assume that currency gets included in the MZM total as soon as its printed - it does not. In other words, you believe all of the reserve cash in Federal Reserve and Treasury vaults is part of MZM -- but this is not true until it is shipped to a bank. Currency is only included in money supply total when it enters circulation. This particular currency is entering circulation in Iraq. That is not even money until it becomes M3 in a foreign bank. Then becomes MZM when repatriated back to the United States. .