M3 in June alone was almost equal to the value of all gold held by the United States government.

government ^ | 7-16-05 | babylontoday.com

[babylontoday]

Am I the only one who thinks that it is a little weird that the M3 "money stock", increased in the single month of June by almost as much as the entirety of the gold held by the United States?

http://www.babylontoday.com/index.htm#faux_money

Is this monetizing of our national debt?

http://www.babylontoday.com/projected_national_debt.htm#debt_vs_m3

Is it a wonder that all this phony money could pump up a housing bubble?

http://www.babylontoday.com/general_assets.htm#housing_bubble

Incredibly, housing prices have only kept up about 2/3 the pace of M3.

http://www.babylontoday.com/general_assets.htm#m3_vs_house_prices

[rlmorel]

I think the way you have posted this article is generally not in good taste.

[babylontoday]

And here I thought that Keynesian style destruction of the savings and breaking the financial backs of the elderly and conservative savers, while rewarding reckless risk-takers and pornographers, was generally not in good taste.

[rlmorel]

That is probably true. But I think they frown on people on FR plugging a website in that fashion. I'm sure you have a message, but that isn't the way to get people to read it.

Didn't you wonder why there was only one hit? Just trying to help, I figured maybe you didn't know the etiquette.

[babylontoday]

Yes you are right. The post was a bit sketchy. I posted in "bloggers and chat" because I thought this was the appropriate place if I have to use my own site. As you can see there is absolutely nothing commercial about my site. The best I can hope for is recrimination from those who disagree. The reason I posted links is because their content includes charts. The reason I posted from my own website is because I found no other site that mentioned, let alone charted, the June increase in M3 and the relationship with the debt as I do here
http://www.babylontoday.com/projected_national_debt.htm#debt_vs_m3

or the relationship between M3 and housing prices, which shows that as fast as houses have appreciated they have only been able to keep 2/3 the pace of the increase in our money stock shown here.

http://www.babylontoday.com/general_assets.htm#m3_vs_house_prices

Or the volume of phony money, that has entered our system, along with government links that offer the volume of gold held by the U.S. which I discuss here which demonstrates that the present dollar value of all gold held by the U.S. is about 110 billion, while in June alone the money stock was increased by just under 100 billion:

http://www.babylontoday.com/index.htm#faux_money

The pieces fit together to complete a puzzle. I agree I should have included more text in the post but thought that some readers would prefer to glance at the charts, and for most this topic is of little interest. Every post I have ever made regarding phony money is treated in the same fashion. Try posting yourself regarding money and gold and you will find a dearth of hits no matter how you post. That's why I didn't want to spend a lot of time on it. Will try harder next time. Thank you.

[stocksthatgoup]

Your probably didn't know it but we went off the gold standard decades ago.

[babylontoday]

Apparently you didn't look at my site or you would have noticed that I credited Woodrow Wilson and the beginning of the Federal Reserve for our being derailed from the gold standard. That was 1913. Phony money and how it got us where we are is the primary economic topic on my site.

http://www.babylontoday.com/what_happened.htm

Which also includes Congressman McFaddin's speech about it in 1933.

http://home.hiwaay.net/~becraft/mcfadden.html