Why in the world would the Federal Reserve be interested in hiding its growing M3??
From the Federal Reserve Press Release:
On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.
Because (in principle) money is anything that can be used in settlement of a debt, there are varying measures of money supply. The narrowest (ie. more restrictive) measures count only those forms of money held for immediate transactions.
Broader measures include money held as a store of value. Different measures of money have different technical definitions. The most common measures are named M0, M1, M2, and M3 (from narrow to broadly defined). In the United States they are as follows, as defined by the Federal Reserve:
M0: The total of all coins 'minted' and paper 'printed' cash in circulation. (i.e. currency)
M1: M0 + the amount in demand accounts (also called "checking account" or "current account")
M2: M1 + other various savings account types, money market accounts, and certificate of deposit accounts (CDs) of under $100,000.
M3: M2 + all other CDs, deposits of eurodollars and repurchase agreements.
WHY SHOULD ANYONE CARE?
Each and every dollar has value because dollars are in limited supply... Print up a Bazillion dollars (a job that has been given to Ben Bernanke) and scatter them around the world and the value of each dollar already in circulation drops dramatically.
WHY WOULD THE FEDERAL RESERVE DROP THE VALUE OF THE CURRENCY IN CIRCULATION?
The Crew From Enron that has been running the government for decades has not only completely bankrupted the US but has now reached a point where foreigners are reluctant to loan the US money. To keep up the incredible transfer of wealth from the American taxpayer to HalliburtonLockheedMartinCarlyleGroupetc.etc. the "government" (think: Crew From Enron) and the Federal Reserve are now just creating the money out of thin air using an advanced technology called a "printing press" and loaning it to the government so you and your children can pay interest on it to the private for-profit banks that control the whole system. By creating this massive amount of money out of thin air the Federal Reserve is reducing the purchasing power of every dollar already in circulation. This is why prices are going up dramatically.
I AM HAVING A HARD TIME PAYING ATTENTION BECAUSE I AM HYPNOTIZED BY THE TV...WHY AGAIN SHOULD I CARE?
They are stealing money from you... It is the exact same as if they had come and stolen out of your pocket... If they print too much then investors and dollar holders could abandon the dollar because they believe that the Fed will eventually inflate its value to zero. The Central Banksters that run the whole con game will have already sold their dollars for gold & silver and will be sitting pretty while average Americans are stuck with worthless pieces of paper called "dollars".
The Federal Reserve has evidently sunken so low as to attempt to hide their complete debasement of the Dollar by simply not reporting the amount of the unchecked growth of the monetary base. What an excellent way to inspire investor confidence both domestically and abroad. Get ready for a dollar in free fall.. - Etienne