Exploring Hydrocarbon Depletion
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agmart wrote:Raise interest rates
Tip the economy into recession
Oil prices fall
What peak oil, there is no peak oil
dbarberic wrote:I did some research and put my dedective hat on.
One of the two key differences between M3 and M1 & M2 is that M3 includes Eurodollar deposits. Eurodollars are deposits denominated in United States dollar at banks outside the United States.
The M3 Stat will end be published near the end of March, 2006.
The Asia Times Online has reported "Iran has recently announced that the new oil exchange will start up its computers in March 2006".
If Iran goes through with the oil exchanged priced in Euros, foreign banks will be dumping USD$ for Euros. This should make the M3 trend line drop like a rock.
My guess is that someone does not want the investing public to know this (both foreign and domestic).
UIUCstudent01 wrote: (I don't even know what this M1, M2, and M3 line business is about..? Wikipedia isn't very helpful to someone who hasn't taken Macroeconomics... and it also doesn't tell me what happens when these lines fall like a rock...)
Montequest wrote:As to M1, M2, M3:
M1: Technically defined this is the sum of: the tender that is held outside banks, travelers checks, checking accounts (but not demand deposits), minus the amount of money in the Federal Reserve float.
M2: The sum of: M1, savings deposits (this would include money market accounts from which no checks can be written), small denomination time deposits (where small is less than $100,000), retirement accounts.
M3: M2 plus the large time deposits (for any of you with more than $100,000 deposits you add to this...). Eurodollar deposits, dollars held at foreign offices of U.S. banks, and institutional money market funds.
UIUCstudent01 wrote:So what does that mean exactly to a neophyte?
Inflation? Hyperinflation? Devaluation of the dollar? Destruction of the 'Petrodollar'? What?
(I don't even know what this M1, M2, and M3 line business is about.)
Why? Why now? How can hiding this data help their cause?
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