"Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."
Here's an interesting article by John Williams concerning the recent FED announcement to cease reporting M3 data by Fed. The FED's reason is that it gives no useful data above what M2 already supplies. The graphs Williams provides indicate just the opposite. M3 has been outpacing the growth of M2 by several % over the past several months. The difference between them is nearly $3.5 TRILL. Now that's a big hole to hide some FED liquidity.
And Williams also points out that since the FED made this announcement, the price of gold has moved strongly upwards. Coincidence?
Comments
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
Alan Greenspan
Cool, When did Greenspan say that?
Go Gold!
coinpage.com
Here's an interesting article by John Williams concerning the recent FED announcement to cease reporting M3 data by Fed. The FED's reason is that it gives no useful data above what M2 already supplies. The graphs Williams provides indicate just the opposite.
M3 has been outpacing the growth of M2 by several % over the past several months. The difference between them is nearly $3.5 TRILL.
Now that's a big hole to hide some FED liquidity.
And Williams also points out that since the FED made this announcement, the price of gold has moved strongly upwards.
Coincidence?
M3 article
roadrunner