[movermike] movermike: India Cranks Up Money Supply

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Posted by movermike:
India Cranks Up Money Supply
http://www.movermike.com/posts/1157973333.shtml


   I was reminded that the US does not publish M3 money supply numbers
   anymore when I read over at [1]Bill Cara's site that

     ...when the Treasury/Fed crank(s) up the printing press, so too do
     many other countries. They want to keep in lock-step, and use that
     currency to buy U.S. Treasury Bonds, which keeps the USD propped
     up. Otherwise, the U.S. Dollar sinks to a level where (i) Americans
     donât want to invest or travel abroad, and (ii) American exports
     become too competitive for the foreign domestic goods (and
     services).

   Cara links to an article in [2]India Times that says in part

     ...the money supply growth (in India) continues unabated, and is
     inching towards the 20% mark. This is the highest growth witnessed
     since 1994-95. Such high money supply could cause further
     inflationary pressures in the economy.

   Most of us don't understand the extent to which the countries of the
   world have tied themselves to worthless, fiat currencies. It's not
   just the USD that is a fiat currency and foreign governments have a
   vested interest in keeping the game going as long as they can. Got
   Gold?

   [3]M3 Money Supply [4]Inflation [5]Gold [6]Mover Mike

References

   1. http://www.billcara.com/archives/2006/09/money_supply_gr_1.html#more
   2. http://economictimes.indiatimes.com/articleshow/1953022.cms
   3. http://technorati.com/tag/M3+Money+Supply
   4. http://technorati.com/tag/Inflation
   5. http://technorati.com/tag/Gold
   6. http://technorati.com/tag/Mover+Mike