Saturday, September 27, 2008

Confidence

there will be tremendous demand for cash the next few months and beyond. but we should have every confidence that our geldpolitikers will be able to meet that demand. their guild has prepared for this moment for nearly 100 years. this is their moment.

LRC informs that the Monetary Base is up big time. largest increase since they started keeping track, as far as I can tell.

the other aggregates haven't moved too much yet. but here's a chart of M!:



that chart is incredible. breaking out of a four year range. next stop $2 trillion. if you are a drug dealer, or coin shop, or vendor at a farmers' market, it's time to start raising prices.