Explain these, please

[tama]

http://www.federalreserve.gov/releases/h3/Current/
http://www.newyorkfed.org/aboutthefed/st.txt
http://research.stlouisfed.org/publications/usfd/page3.pdf

And then explain, why would anyone doing that publish on Internet what they are doing? As if besides us nobodies there were not Chinese etc. banksters looking at what they are doing and drawing conclusions...

Grazy is as grazy does, huh?

[A HERETIC I AM]

1. I think if you could look at the same types of numbers from any central bank in the world these days

They would appear very similar.

The fact that these figures are made public is a GOOD thing, not a bad one.

[tama]

2. Don't know

(but would like to know) how similar are e.g. ECB numbers - they too have been injecting, but ECB is not a "bank of last resort" and AFAIK what they are doing is very modest compared to B52 Ben. And Chinese are a whole different story.

Publicity is good from the general point of view, but not good for the banksters-fraudsters. Backing their make-believe credibility of currency worth of nothing is nothing but trust, and that's been evaporating FAST.

[A HERETIC I AM]

3. It's not "Publicity". It's called "Disclosure"

As far as the European Central Bank is concerned, here ya go;

http://www.ecb.int/press/pr/wfs/2008/html/fs080930.en.html


I find the following statement to be rather interesting.

Backing their make-believe credibility of currency worth of nothing is nothing but trust, and that's been evaporating FAST.

So I gather you think that the US Dollar is worth nothing and is backed by nothing but "trust"?

To a certain and very narrow degree, that may be true. The Dollar is backed by "The full faith and credit of the United States of America". So what does that mean, exactly? Want to know what it really means?


I've said this before and it is a fact;

It means that the rest of the world is justifiably confident of the fact that Americans can be relied upon to get out of bed and go to work in the morning and willingly pay taxes on their earnings. In spite of the current turmoil and difficulties, the American workforce is efficient, capable, profitable, relatively well educated, and has, for the most part, an orderly, law abiding society that has regular, peaceful transfers of political power. The financial markets are very deep, and compared to many markets in the world, VERY liquid (meaning you can almost always find a buyer for what you are selling) well regulated (again, in spite of current conditions and the opinion of many DU'rs to the contrary) and has a reliable legal system in which to litigate disputes. The press is open and prolific and free. The Government has virtually unlimited taxing power over the populace and for that reason alone, the deficit is not seen as being insurmountable.

Allow me to give a frame of reference for the above statement. Much was made a few months ago about the announcement that Iran was going to open an Oil Bourse (an exchange) and that Oil would be traded in Euro on that Bourse. There were many threads on DU about this announcement. A number of them claimed this would mean oil would begin trading away from the dollar in an accelerated way. It has not happened. Why? For all of the reasons I stated above. International traders do not view countries like Iran as having ANY of the attributes I named above and as a consequence the Iranian Oil Exchange has remained and probably will continue to remain small in volume.

[anigbrowl]

4. I'm confused - why *wouldn't* you publish this?

[tama]

5. For the same reason

they stopped publishing M3.