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The Fed Announces It Will Hide M-3 To Keep You From Knowing What?

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http://www.safehaven.com/showarticle.cfm?id=4108

The Fed Announces it Will Hide M-3 To Keep You From Knowing What?

by Robert McHugh

The Federal Reserve announced on November 10th, without explanation, and I quote, "On March 23, 2006, the Board of Governors of the Federal Reserve System will cease the publication of the M-3 monetary aggregate. It will also cease publishing the following components: large-denomination time deposits, RPs, and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item on this release."

Why? It's simple, really. So that the Plunge Protection Team can hide its market manipulative, equity buying activities.

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http://www.safehaven.com/showarticle.cfm?id=4108

The Fed Announces it Will Hide M-3 To Keep You From Knowing What?

by Robert McHugh

The Federal Reserve announced on November 10th, without explanation, and I quote, "On March 23, 2006, the Board of Governors of the Federal Reserve System will cease the publication of the M-3 monetary aggregate. It will also cease publishing the following components: large-denomination time deposits, RPs, and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item on this release."

Why? It's simple, really. So that the Plunge Protection Team can hide its market manipulative, equity buying activities.

THey also leave out home, fuel and food prices when calculating inflation rates. What else matters?

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It may not be that mischievous, the Boe is no longer publishing M4 here which I think is a similar measure of broad money supply - the reason being changes in how banks lend and borrow from the BoE distoring the figures. Maybe something similr is the case in the US?

Or maybe not!

The market is not stupid (although joe public maybe) and one way or another it will know when there is too much money in supply (as will Govts when their gilts/Treasuries become more expensive).

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It may not be that mischievous, the Boe is no longer publishing M4 here which I think is a similar measure of broad money supply - the reason being changes in how banks lend and borrow from the BoE distoring the figures. Maybe something similr is the case in the US?

Or maybe not!

They don't like how people can reverse engineer some public data and produce shadow stats that reflect internal data, the whole point of a central bank is to propagate an air of mystique and avoid second guessing.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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