Money Velocity is falling rapidly in US and Canadian Economies

Picture of the week

Money Supply Velocity (M2) / source: (modified by Jim Willie)

Money Supply Velocity (M2) / source: www.stlouisfed.org (modified by Jim Willie CB)

Jim Willie CB (1): ”(…) astonishing rapid deterioration. Consumers and business are holding firm their money rather than investing it, as they see poor prospects. Continue reading

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Bernanke Fed: No taper, No Exit – Stuck in the Matrix

Ben Bernanke leaving the 2008 Bilderberg Conference / wikimedia

Ben Bernanke leaving the 2008 Bilderberg Conference / wikimedia

Jim Willie, Ph.D. : “The Bernanke Fed is realizing they are stuck in the monetary corner with NO EXIT. They began to mention the need for an exit in the spring months of 2009. That is when the 0% official rate should have been abandoned. Here we are four years later, and they are still stuck with no exit, precisely as the Jackass warned, forecasted, and screamed in print.”

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Picture of the week: Canadian Dollar purchasing power from 1971 to 2008


Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy Continue reading