Looking back, what do you think about this versus where the EUR/USD is now? I have attached a chart that shows what has happened since. Any correlation or significance to this that you'd like to point out or comment on?
I'm waiting for someone to explain the causality of all this. How does the discontinuation of collecting/reporting a statistic tie in with the value of the USD?
I presume you mean to say not publishing the M3 hides the printing of $$$. Since there are umpteen other money supply statitics available from the Fed and elsewhere, I really don't think they're trying to hide anything.
M3 being a measure of money including the money created by the government. This was required as the country (USA) was broke due to the war. They required the money to pay for the same, so they printed the same. However, when you print money, you are devaluing its existing currency. Besides, this they did not want the public to know as to how bad the situation had become.
True enough, but only assuming that you are not taking roughly equals amounts of money out of circulation via taxation and/or borrowing. Government tax receipts are running at very high levels and so is the debt level. I don't have the specific figures, so I'm not sure if it's a direct offset or a little over on either side, but it's definitely not a one way street of money supply increase.