One of the chief mandates of the U.S. Federal Reserve is tomanage the nation's monetary stock. This essay analyzes the historic growth ofthe American monetary stock (or aggregates) since 1960 and looks at some recentdevelopments revealing a marked adjustment in policy. These changes are adirect response to the on-going worldwide financial crisis that escalated inSeptember 2008 following the collapse of Lehman Brothers.

 

U.S. Monetary Aggregates

 

The U.S. Federal Reserve regularly publishes MoneyStock Measures showing a breakdown for the different components of eachmeasure. Data from this source was used to produce the following chart.1

 

 

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About The Author

 

Mike Hewitt is the editor of DollarDaze.org, a websitepertaining to commentary on the instability of the global fiat monetary systemand investment strategies on mining companies. His website also provides ano-cost market datafeed service with up-to-date quotes on currency exchange rates,commodity prices and major indices.

 

Disclaimer: The opinions expressed above are notintended to be taken as investment advice. It is to be taken as opinion onlyand I encourage you to complete your own due diligence when making aninvestment decision.

 

Published originally on DollarDaze.org - Feb 10,2009.