Where did you get the M3 data as they stopped publishing it?
Great site, thanks for that.
Quote from MajorUrsa:
In normal times a moderate inflation is best for ecomomic growth and thus for the controlling banks. In those periods it makes good sense to use i-rates to control the growth. It is also easily explained to the public and gives the FED a sort of dont-worry-your-gov-knows-what-its doing image. Most people dont know that the FED is not the government.
When, by accident or intentionally, ridiculous new administration enters the WhiteHouse and starts to grossly mismanage the country and enters an (illegal) war that can never ever be payed for, the FED, on behalve of the controlling banks, grabs the reigns and does whatever it sees best for the purposes of them banks.
In this case, globalization forces them to spread their wings and they may decide that a total ecomic crisis, like 1907 and 1929, is in the best interest of the banks. It will hurt, but they will own more after the smoke has cleared. And that is the ONLY motive.