I learned a new word this morning. It is from a French word for 'Purse', a coin exhibition, show or fair where coin dealers, issuers and collectors assemble to buy, sell or trade items of a numismatic nature. It also means a name for a foreign country's stock market....BOURSE....According to the articals found with a google search, it is a word that we will be hearing about, along with another one of those abreviated internet terms that I spend a lot of time on just to figure out exactly what they mean. This one is IOB...Iranian Oil Bourse.
In March 2006, Iran will take Iraq’s switch to the petroeuro to new heights by launching a third oil exchange. The Iranians have developed a petroeuro system for oil trade which, when enacted, will once again threaten U.S. dollar supremacy far greater than Iraq’s euro conversion. Called the Iran Oil Bourse, an exchange that only accepts the euro for oil sales would mean that the entire world could begin purchasing oil from any oil-producing nation with euros instead of dollars. Needless to mention, this will be a major blow to the US economy, and the current administration will probably attempt to bring Democracy to Iran, just like they did in Iraq.
What in the world is M-3?
I looked it up, and all I get from it is that it is all of the money in the country?
M-1. Federal Reserve definition of the money supply that includes currency in the hands of the public plus all checkable deposits; the narrowest definition of the money supply.
M-2. Federal Reserve definition of the money supply that includes all of "M-1 plus money-market mutual fund balances, money-market deposits at savings institutions, and small savings deposits.
M-3. Federal Reserve definition of the money supply that includes all of M-2 plus large savings deposits.
Is it mere coincidence that the Fed will begin hiding M-3 the same month that Iran will launch its Iran Oil Bourse, or is there a direct threat to the stability of the U.S. dollar, the U.S. economy, and the U.S. standard of living? Are Americans being set up for a collapse in our economy that will make the Great Depression of the 1930’s look like a bounced check? If you cannot or will not make the value and stability of the U.S. currency of personal importance, if you are unwilling to demand from your elected officials, an immediate abolishment of the Federal Reserve Act of 1913 and the fiat money scheme that the banking cartel has used for nearly a century now to keep our government and our people in a state of perpetual debt, than you are faced with but two alternatives, abject poverty, or invading Iran.