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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 (45471)	11/14/2005 2:53:16 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

Do some more study and you will discover that currency is not money as soon as it is printed. Reserve currency in Treasury and Federal Reserve vaults is not money either. Currency is only counted as money when it enters circulation -- normally when it gets shipped to a bank, but there are exceptions, like Iraq. New U.S. currency shipped from the Fed to the Central Bank of Japan is counted in M3, not MZM. You incorrectly assume this would be MZM. Your incorrect assumptions are leading you to an endless list of incorrect conclusions. .