Friday, October 31, 2008

The Federal Reserve Is Inflating at 341% per Annum. (Don't Look for the Decimal Point.)

October 24, 2008

I have never seen anything like this. The adjusted monetary base over the last eight weeks has risen at 341% per annum. The increase in the monetary base is $300 billion



This indicates panic at the Federal Reserve. The financial system is coming unglued.

(read full article)