M3 Money Supply

Glenn Beck, 5.27.10: Progressives Want To Repeat History (Even Though Most Americans Don’t Want To)

Glenn starts the show with the story of Puerto Rico on track to become the 51st state, even though the citizens of Puerto Rico haven't wanted it in the past. He also speaks to this story, the rapid contraction of the M3 money supply not seen since the Great Depression. From Telegraph UK: "It’s frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This…
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