ok quick lesson
M1=coins and notes.. this is going down
M2=coins notes and demand deposits(debit/credit cards) this is small decrease due to M1
(counting just debit credit cards(electronic payments see a rise)
M3=coins notes demand deposits and savings accounts, money market deposits this is increasing
(counting just a savings accounts would see a larger rise compared to debit cards)
(counting just money markets accounts would see an even larger rise compared to savings)
money supply is always increasing. just the form and where it is can become the mystery to some
so ill reveal the secret..
less coins and banknotes but more being put in the savings accounts and money markets
money printing still occurs, people still use credit cards, people still take mortgages there is still more money being created and the supply still increases.. all you proved is less people want to mess around with paper bank note forms of money
M1=coins and notes.. this is going down
M2=coins notes and demand deposits(debit/credit cards) this is small decrease due to M1
(counting just debit credit cards(electronic payments see a rise)
M3=coins notes demand deposits and savings accounts, money market deposits this is increasing
(counting just a savings accounts would see a larger rise compared to debit cards)
(counting just money markets accounts would see an even larger rise compared to savings)
money supply is always increasing. just the form and where it is can become the mystery to some
so ill reveal the secret..
less coins and banknotes but more being put in the savings accounts and money markets
money printing still occurs, people still use credit cards, people still take mortgages there is still more money being created and the supply still increases.. all you proved is less people want to mess around with paper bank note forms of money
I'm merely talking about M2 because it's what's being used as a key economic indicator to forecast inflation. I'm talking about it in terms of their rules, franky1, not yours.
Plus I'm also talking about a cycle of deflation based Year on Year on M2.
as for the windfuryism that he thinks there will be an event of a 60x (2015:$333-2017:$20k) in 2023..
There you are again, trying to disinform and gaslight people into believing your lies. Have I said of 60x event in 2023? IN 2023? Haha. Newbies only need to look at your trust rating to know.
I said in 2023 there will be a period of deflation, which means there will be low demand and maybe NEAR ZERO interest rates. How will the cabal behind the Federal Reserve react? I believe they will over-adjust like what they have done in the past, and do massive QE, which will bring Bitcoin surging like it did during 2015 - 2017, OR probably 2011 - 2013?
