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Originally Posted by freeindeed
Doing away with M-3 data is not nothing. Printing two trillion USD is not nothing.
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It is true, at least I am convinced that the M3 Reporting has been repealed permanently. The most suspicious aspect about this is that no reporting system has been even suggested to replace it. A few months ago we were discussing this on the
Longwaves forum, where I believe several macroeconomic commentators of note like to loosen their ties, so to speak. Informed but yet nobody is committed to what they may write. There were different views and one educated fellow pointed out that M3 reporting was not that important or effective for forecasting. Maybe so. Nobody could really explain why not implement a more important and effective reporting system. And nobody really seemed to think it closely related to Iran opening its oil bourse on the petro euro, at the same moment.*
Well the items I want to know - aside from the obvious, how to verify a
secret influx of FRNs (I think the
red dollar is a
red herring that somehow got into the conversation) - is the validity of a quotation attributed to Chairman Bernanke just before he took office... something about
dropping money from helicopters if that is what it took. Did he really say that or is it just generated gossip or whatever, like this $2t rumor? I recall reading the opening article of this thread and thinking, "Great! Nobody can validate it
because it is openly a secret!"
http://www.federalreserve.gov/boardd...02/default.htm
I get the Federal Reserve Bulletin regularly and usually play it over the text-to-speech in the mornings while getting ready. I recall nothing about dropping money from helicopters? Can somebody help me with that?
This sounds a lot like the Dove of Oneness and her spoof on the NESARA bill, which never even made it to Congress. The basis of NESARA in the world of Dove anyway was a secret law passed under the Clinton Administration. I propose that you consider the likelihood of secret law. It is somewhat of an oxymoron to me anyway. I suppose there are books full of secret laws hidden away where I never get to read them. Should I be concerned?
Regards,
David Merrill.
* Which is another topic that dropped off my radar. I noted that the hatred doctrine of the BUSH Admin is escalating - Iran's missile testing intimately links to nuclear testing in the passive and inebriated minds of the TV audience. Missiles are
conventional weaponry that
can be used to carry nuclear warheads. However now that
nuclear is on the tips of tongues, Iran cannot test missiles too; get it? Misdirection and juxtapositioning symbols.
Back to my question though;
Did Iran implement the Bourse as planned around March 20 on the petro euro?