The total balance sheet has increased, significantly. I've listed the amounts above. If you wish to show where this amount of money has...
Please explain the mechanic of how this is done. I'd be interested to hear it.
The reason this is wrong and why you made the mistakes above is that you are simultaneously defining the dollar to be a both debt and an asset....
No doubt as this is obvious. However the statement wasn't concerned with individual days. I only mentioned it as an example of how the classic...
You only have to look at spot gold for the last 24 hours to see this. It's quite glaring today.
Easy enough: But the other side of the coin is that for every dollar they create, a dollar of asset is removed from the banking system or a...
This isn't what you said. You said that ANY increase in MB causes deflation. This conversation was about whether monetary inflation exists. If...
OK my bad.
You missed my post above that was in response to you. I figure that in a topic about vampires, zombies and the like, anything is fair game.
I can understand why Bernanke doesn't have you on speed dial. You have directly contradicted yourself. The following is how the Federal...
Naked short selling.
Meanwhile gold went above $1795 last night, just a few dollars from $1800. It's currently experiencing the usual smack down that started when the...
OK so if there is now no issue with liquidity and no issue with deflation, then you contend the Fed can now reduce MB back to its traditional...
I'm glad you know that I'm your daddy. Personally I favor gold because it's the only defense against an invasion by Cybermen. [IMG]
OK, why did the Federal Reserve grow the base money supply by 5X in just 4 years? What was the purpose of that?
OK I accept your opinion to refuse to believe it exists even though i've given absolute asset sheet numbers from the fed to prove it. However...
M is bound by MB. So it's very important. QE BTW is about changing MB without changing the assets that are supposed to back it.
Not in regards to my post that you quoted. This is because M = circulating money and I've not mentioned that. You probably do not realize this...
It's not debatable. The monetary base was $500B in 2008. Today it stands at $2500B and Bernanke's announcement of $40B/month purchases of MSEs...
Keep in mind the resale value of most diamond rings is very bad given the outrageous markup on them at retail. Unlike PM, you are dealing with...
Separate names with a comma.
