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Federal Reserve is raising M3 by crisis proportions - something scary??? [View All]

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Ugnmoose Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 09:03 PM
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Federal Reserve is raising M3 by crisis proportions - something scary???
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Edited on Tue Jun-01-04 09:04 PM by Ugnmoose
http://www.safehaven.com/article-1597.htm

<snip>
the Federal Reserve has confirmed our Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis - $155 billion over the past 4 weeks, a $2.0 trillion annualized pace, a 22.2 percent annualized rate of growth!!! There must be a crisis of historic proportions coming, and the Federal Reserve Bank of the United States is making sure that there is enough liquidity in place to protect our nation's fragile financial system. The amazing thing is, the Fed's actions mean they know what is about to happen. They are aware of a terrible, horrific imminent event. What could it be?

P.S. I am no economist, however I know enough about finance to know that something is going on here. There has to be some defined reason why the Fed is dramatically inflating the money supply by over 20%.

Stay tuned and strap in fellow DU'ers.
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