The Federal Reserve is lying about the nation’s money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over the past year. The actual number is equivalent to an increase of 70% over the past year. This compares with the nation’s high money-supply increase of 16.9% in 1986.
Howard S. Katz
Howard Katz — one of the early gold bugs of the late 1960s and ‘70s — was the head of the Committee to Establish the Gold Standard and worked with Congressman Ron Paul for the passage of the American eagle gold coin bill of 1986. His website is thegoldbug.net.
