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


To: JF Quinnelly who wrote (71566)10/10/2006 1:43:20 AM
From: bart13  Read Replies (1) | Respond to of 110194
 

The growth in the money supply in 1933 came from FDR revaluing gold, from $20.67 per troy ounce to $35.


I can see that in the international value of the dollar, but since gold no longer backed the money supply for US citizens, I fail to see how it affected the "in country" money supply as measured by the M's, credit, etc.

Most of the money supply measures bottomed in 1932, except for base which bottomed in 1930.