The government truly takes the governed for fools in America today.
Sadly, in most cases, they're right.
For the informed, here's M3 reconstructed. And it's ugly. REALLY ugly.
I remember the day the government stopped publishing M3 (March 23, 2006). Hardly a story to be found in the MSM. Of course, we made a big deal out of it. Looking back since then, I should have continued to make a big deal out of it. So now I will.
Because Ben Bernanke hates you.
October 20, 2007
The US Government, taking you for fools, stopped publishing the money supply figures (M3) a year and a half ago. Now we know why.
Posted by blogger at 10/20/2007