Adjusted Reserves: Welcome to the United States of Argentina

Friday, October 10, 2008 | 06:45 AM

Adjusted Reserves are up 768.1% compounded annually since July 30; Adjusted Monetary Base is also spiking:

Adjusted_monetary_base

>

Adj_reserves

charts via Federal Reserve Bank of St. Louis


Seinfeld investment advice: Gold, Jerry. Gold!

Friday, October 10, 2008 | 06:45 AM | Permalink | Comments (17) | TrackBack (0)
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Comments

My friend (details withheld for safety) has gone looking for gold at 4 different coin shops in Seattle in the past 2 days. They are completely out of all standard coins like the Krugerrand & Americans, only a few antique and lesser known ones are available.

He then went to Wells Fargo to draw a small amount of bulk cash. The staff went into a mild panic explaining they might not have it and told him he should have made an appointment. Nonetheless, he was able to get it.

Don't panic world... everything will be fine?

Posted by: SL | Oct 10, 2008 6:55:28 AM

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