Six more weeks....say bye-bye to M3...(bit of a reminder)

[Roland99]

http://www.federalreserve.gov/releases/h6/discm3.htm

Discontinuance of M3

On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).

And a bit of explanation courtesy of

The Fed plans monetary inflation
by gjohnsit
http://www.dailykos.com/story/2005/11/11/16272/574

[Brain In Vat]

1. Cover up

They are trying to hide the state of the economy by not publishing figures showing problems with the economy.

[Roland99]

2. Oh, this is MUCH more and MUCH worse than a mere cover-up.

This is some sort of...well...I dunno...coup?

I have no idea what's planned but I fear the Great Depression of the 1930s will seem like dot-com boom days.


This is their beginning stages of one-party rule. '06 is going to be crucial to the future survival of this nation. Even then, I'm not so sure it can be fixed without it being broken first.

[BeHereNow]

5. Yes, yes Roland- a coup de tat!

The ultimate transfer of wealth- the final
swing of the axe on what is left of America.
Prepare to survive the dust bowl days again.
BHN

[BeHereNow]

3. Welcome to DU, Brain in Vat!

Agreed- and ANY time THESE people
make a move, you know it means they
are up to no good.
What's that saying?
"If their lips are moving, they are LYING."
Neve more true than with this batch of corporate thugs.
BHNr

[Roland99]

6. So, true. I, myself, have reached the point I take *anything* from the WH

as a complete and utter lie or, at the least, a sugar-coating of the truth.


It's like a horribly grotesque soap opera except that they're fvcking around the future of this nation.

[OffWithTheirHeads]

4. yup! Just like the

unemployment figures. the global warming science, the energy task force participants, the torture photo's etc. etc. These people are so dishonest that they make Nixon look like a liberal.

[Roland99]

7. Time Is Of The Essence

http://www.financialsense.com/Market/wrapup.htm

The clock is ticking folks. Next month, the Federal Reserve is due to discontinue reporting M3 money supply statistics. They would have us believe that it’s their intention to save us a few nickels. Many in the mainstream are as reluctant to see this ruse as they were to recognize gold rigging or corrupted inflation data.

Oil is also slated to begin trading for Petro-Euros next month too. Many pundits feel that this is a non issue as well. I beg to differ.

I view both of these near term events as “hair pin” corners on a treacherous road – both great candidates for an accident when piloting an un-roadworthy car. If you think not – perhaps you should first ask the folks at GM or Ford – then give it a second thought.