M3 refers to the total supply of US dollars in existence (virtual and physical) around the world. Back in 2006, the US Fed decided it was time to keep quiet on how much they were increasing M3. You can see where the red line turns blue. That’s because the blue data can’t be verified, but [...]
Here’s another example of inflation. When the coins are worth more for their metal value than they are worth as money. It’s already happened with the US pennies produced from 1909-1982. They’re made of 95% copper and worth 117% more than “one cent.” Check it out here.
Needless to say, pennies made after 1982 have been [...]
