[Paul Ross]

Surprise, surprise.

It's especially imprudent to hold U.S. dollars when "our" government won't publish the M3 numbers anymore.

Guess the Free Trade party for the Import Lobby has finally seen the writing on the wall.

But they won't acknowledge their complicity in bringing about the next great depression clearly in the offing.

As Phyllis Schlafly's Eagle Forum, and James Plummer's Liberty Coalition reported:

ACTION: Don't let them hide inflation

By not reporting M3 the Fed is telling us they're going to give us much more inflation. If the Fed doesn't want us to know how many dollars there are, how valuable can the dollar really be?

The Fed claims M3 tell us nothing more than M2, a narrower measure they also publish. But M3 has risen nearly twice as fast as M2 over the past year. The Fed makes the silly claim that M3 isn't worth the cost to study and publish, as if the cost of compiling statistics was the cause of our fiscal woes. M3 is in fact the one statistic foreign bankers rely on most. Who will invest in America if they don't trust our money?

Sign Petition to Congress: Don't let the Fed hide its “basement counterfeiting”

H.R. 4892, the Sunshine in Monetary Policy Act. Current bill status.

[GodGunsGuts]

I agree with you completely. We need to seriously start reducing our massive deficits by cutting taxes, and cutting SPENDING even more. And we need to cut off all aid, trade and tech. transfers to our enemy, Red China.

[Iris7]

I believe the decision to stop compiling and publishing M3 indeed shows what you say is true.

To me the first news I had that the M3 series was not to be maintained strongly implied that serious inflation has become inevitable. The trend in M3 during the last year it was published combined with the end of M3 measurement implies we will see this inflation sooner than we expect.

Oil politics on the geostrategic level is now the major variable, I think.