This is another of the W.O.O.D. series of semi-regular
Weekly Occasional Open Discussions.
(i.e. if I forget and skip one, no big)
Immediate prior one here:
and remains open for threads running there (at least until the ‘several month’ auto-close of comments on stale threads).
Canonical list of old ones here:
The Fed has decided you don’t need to know the actual money supply. Just the “adjusted” series.
Categories > Money, Banking, & Finance > Monetary Data > M2 and Components
This series will no longer be updated. More information is available in the notes below the graph. This series is the suggested substitute: M2SL
M2 Money Stock (DISCONTINUED) (M2)
SL is the seasonally adjusted version. Something similar was done to M3 a while back, and now they are also doing it to M1 & M2. M1 is cash & checking and similar “immediate money”, while M2 includes M1 but adds slightly longer duration bank deposits. M3 also includes other even longer duration instruments.
I wonder if there’s something they don’t want people to notice. See anything? Especially over at the right edge?
It looks to me like we are preparing to test the notion that you can just keep creating money without end and not be destroyed by inflation. “This time for sure!”… Seems every Socialist Dictator eventually tries this, and it never has ended well.
Here’s what M1 seasonally adjusted looks like.
So look like most of the money is showing up as straight cash and checking deposits. People sitting on cash, or banks turned loose to have a huge multiplier and making vapor money?
Florida vs. NY
Which works better at suppression of Chinese Wuhan Covid? Sunshine and freedom (and higher Vit-D levels from that)or lockdowns in the Shade Canyons of New York?
Florida Reports Fewer Coronavirus Cases Per Capita Than New York, Pennsylvania, Michigan
Florida continues to report fewer new cases of the Chinese coronavirus per capita than pro-lockdown blue states such as New York, Pennsylvania, and Michigan.
While the establishment media frequently criticized Gov. Ron DeSantis (R) for prioritizing individual liberty throughout the Chinese coronavirus pandemic, Florida is continuing to fare better than certain blue states in terms of reporting new cases of the virus.
Florida, which has no mask mandate in place, has reported 176.3 cases per 100,000 in the last seven days, or 37,859 cases, according to the Centers for Disease Control and Prevention’s (CDC) April 9 data.
But three blue states — Michigan, Pennsylvania, and New York — have reported more cases per capita in the same time frame, despite leaving certain restrictions in place, including statewide mask mandates.
Things of interest
Looks like there’s more to running a business and making a good product than posturing and whining and being all PC like…
David Hogg drops pillow venture launched during spat with Mike Lindell
By Tamar LapinApril 11, 2021 | 2:46am | Updated
He must have slept on it.
David Hogg says he’s giving up his role in the pillow company he launched to compete with conservative MyPillow CEO Mike Lindell — and going back to activism.
Hogg, 20, announced on Twitter Saturday “resigned and released all shares, any ownership and any control of Good Pillow LLC” effective immediately.
“The reasons for my departure rests entirely with me and my own personal commitments and I truly wish (co-founder William LeGate) nothing but the best,” he wrote.
Yeah, take it, for free… I think he knows what it’s worth…
In other news, looks like Gasoline & Diesel are, ya-know, Ray-cist… ’cause Black People don’t drive I guess… /sarc;
Members Of Biden’s ‘Environmental Justice’ Advisory Council Have History Of Radicalism, Claiming Fossil Fuels Are Racist
By Ashe Schow
Apr 10, 2021 DailyWire.com
At the end of last month, the Biden administration announced the members of the White House Environmental Justice Advisory Council, which would “provide advice and recommendations to the Chair of the Council on Environmental Quality (CEQ) and the White House Environmental Justice Interagency Council on how to address current and historic environmental injustices.”
Twenty-six people were named to the council, but at least four of them have made radical statements connecting fossil fuels to racism.
Beverly Wright, executive director of the Deep South Center for Environmental Justice, addressed a recent Department of Interior public forum on the federal oil and gas program and implored the Department to review the program “with an analysis of how it perpetuates environmental racism and the racial inequity of climate vulnerability.” She also insisted that “racial discrimination that is central to oil and gas operations.”
Uh Huh… because drilling holes in the ground and refining oil care a lot about the skin of folks drilling. (BTW, Son’s Father In Law works in a refinery and is modestly mixed race color…)
For more, just hit the link to Bongino’s site: