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Reply #3: If you look up "Federal Reserve Money Supply" on Google [View All]

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althecat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-28-03 08:04 PM
Response to Reply #2
3. If you look up "Federal Reserve Money Supply" on Google
You get a good idea just how big this ex-bank money creation is.

http://www.ny.frb.org/aboutthefed/fedpoint/fed49.html

Total indebtedness in the US.. which is another way of saying how much "money" or "wealth" there is in the system is $19 trillion. Of that only 8 Trillion (approx) is M3.... that leaves $13 trillion of "other money" some might call it "funny money"... not that it is necessarily going to be funny for much longer.

:)
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