$5 silver, $10 oil not impossible, but not likely

Physical money M0 is not being printed. There is less physical money today then the summation of M0+M1+M2 in 1980.

http://mises.org/daily/5028/media.aspx?action=author&ID=299

http://en.wikipedia.org/wiki/File:Components_of_US_Money_supply.svg

Category:

Education

Tags:

• M0
• Ludwig
• von
• Mises
• Institute

[BiggerThinking1]

Hang on... "M0 is decreasing"? Then what was Quantitative Easing?

[silverfuturist]

@BiggerThinking1 QE doesn't physically print money, it happens at the higher M levels (computer games)

[continuityofliberty]

I doubt people would react well to their digits going "poof"

That would kill the dollar with decisive finality, and if the FED tried to claim everybody's assets after initiating such a monetary effect (in addition to everything else they've done) they'd be rebuffed with forceful disdain.

The dollar is toast, as is the FED.

[gsszuber]

This is the first time I've watched one of your videos. I take it you're a coffee drinker? :)

[AustralianAllTheWay]

Isn't purchases on credit increasing the money supply?

Banks lend out and only keep 10%, this factor is multiplied exponentially.

[AustralianAllTheWay]

Isn't Europe about to print a few trillion?

[BiggerThinking1]

Morgan has just said $5 silver is possible before rebounding to $75. (Didnt he also call the 30% plunge in May?).

A bit of a worry.

[bphil67229]

You explain things well but lay of the uppers.

[davidlee110]

It going go back down soon but it will start over.

it like a cycle. BUY BUY BUY then LOOK LOOK LOOK then SELL SELL SELL!

[andylutube]

Are you saying that all electronic money, deposits and debt could get wiped out and only physical cash, which would then be worth more, remaining? Then all the silver bugs should sell their silver for cash right at the height of this 'event' and then buy back their silver for less after this 'event' and be left with more silver and more cash than they had to begin with.

[eyeswideopennimrod]

LOL :) your mad, but good mad, and your info is great. Keep stacking

[troybr79]

No, sorry Silverfuturist. I agree wth you most of the time but Mike Maloney was not talking about $10 oil by the banks "poof going away" or by revaluation of money or supply. He specifically called for $10 oil using his "head and should" chart patterns. This is one thing I REALLY wish he hadn't said because it cost him a little credibility in my opinion. I respect Mike Maloney but to say oil was going to go to $10/barrel in a room full of bankers was idiotic, all his other info was great.