NEW RECORD MONEY GROWTH THREATENS MONETARY INFLATIONby John Williams, Executive EditorSHADOW GOVERNMENT STATISTICSwww.shadowstats.comJanuary 14, 2008 Broad money supply growth is a strong indicator of pending inflation. The current 15%-plus level of annual growth in an ongoing estimate of M3 -- the broadest measure of the U.S. money supply -- has not been seen since August 1971, when President Richard Nixon closed the gold window. Such foreshadows increasing monetary inflation pressure in the U.S. economy, on top of existing pressures from oil and food prices and a weakening U.S. dollar. In contrast, recent slow growth in the monetary base is not uncommon...