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Only events will prove me right or wrong, but a possible early indicator that I may be right comes in an estimate of M3 published by nowandfutures.com and reproduced here. It shows that in spite of all we may have supposed, while its absolute total has continued to rise a bit, the rate of... more
Reviewed by democracy101 Jan 08 2009, 05:52am ( 1 review ) • strike-the-root.com
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Rated by democracy101 on Jan 08 2009, 5:52am
Only events will prove me right or wrong, but a possible early indicator that I may be right comes in an estimate of M3 published by nowandfutures.com and reproduced here. It shows that in spite of all we may have supposed, while its absolute total has continued to rise a bit, the rate of increase in the total supply of US money has fallen like a rock, from 17% to 7%, since the middle of 2008. Go figure.
