all mzm has been discontinued they are no longer going to report on currency that can instantly buy any asset it wants what has the federal reserve got to hide you know i went on the federal reserve's website and in this little search bar here i put in the word discontinued and what comes up is 40 568 different sets of data and charts that they have discontinued now i've got to say a lot of this is for very legitimate purposes you know sometimes uh nobody's using that data it costs them something


to compile all of this data and and you know put it into the system and uh or or it's just like a stupid set of data it's a dumb set of data that really doesn't mean anything and so they discontinue it very legitimate every once in a while uh somebody comes up with a better way of measuring something a better way of putting together uh data and so they change their methodology and if the methodology doesn't uh splice well with the previous methodology they just say well we'll discontinue that we'll


replace it with this but there's some instances where it's very suspicious and what i'm seeing is that this is happening more and more and more often it's becoming very fast now the amount of data sets that the fed is discontinuing and there's i mean it's very suspicious maybe you know like there's an old elvis presley tune called suspicious minds maybe i've just got a suspicious mind but maybe not so let's take a look at some of these data sets that they've discontinued


here we've got the st louis adjusted monetary base and this was in the last video that i did and one of the things i loved about this data set is it goes back all the way to january of 1918 so you can do things like zoom up on world war ii this is the spending right here for world war ii all the deficit spending and currency creation this is all the deficit all the spending that they did to try and get us out of the great depression but all it did really was prolong it in fact there was this gray bar here is


called the roosevelt recession we had a recession in the middle of the great depression uh you can see here the the roaring 20s and the crash of 29 i'm going to zoom up a little bit more on some of this stuff because i think you'll be amazed uh you know this auto scales and so um here go a little bit further uh this is october of 1929 the crash the there was some bank runs and a collapse of the currency supply so we're seeing a contraction of the monetary base here as uh banks go bankrupt


and this is the roaring 20s but this is the end of world war one and the incredible expansion of the currency supply that they were doing during world war one and then the contraction that happened the deflation that was the depression of 1921 which is also called the forgotten depression because nobody remembers it jim grant did write a book on it i mentioned i've been mentioning it on stage since 2006 when i saw this contraction i went holy that is a depression this isn't a recession this is a depression but the


government didn't rush in to save us the federal reserve didn't really do much they'd made some mistakes but uh it it in 18 months it was a memory and then everybody forgot about it the great depression which is this little tiny deflation here what turned out to be much much worse because of the government trying to rush in to save us so that is one of the uh data sets that i'm very sad to see discontinued and what did they replace it with they replaced it with one here this this goes back to 1975


and you can see does this look broken to you by the way i mean is there something wrong here since 2008 where it seems like they can't get things under control they can't go back to normal everything is different something really seems broken and they also that this uh monetary base total is another one does that look broken to you that one's not discontinued um this is total reserve balances with the federal reserve banks discontinued i don't know why they would discontinue this one does


something look broken here i mean we went along all this time this goes back to 1975 and just 20 25 30 billion 10 billion 9 billion 8 billion dollars that was enough for the banks to operate normally you know less than 10 billion dollars was enough for them to operate normally now they need 2.8 trillion dollars just to get by does this look broken to you um monetary base currency in circulation why would they discontinue this i mean there are other measures of it that they use but 1975 to today


even not to today i'm sorry it's discontinued last data point is august of 2020. does that look broken to you let me see they replaced it with this and uh here we have uh yeah this definitely looks broken to me does it look broken to you let's uh uh auto scale this for a second and take a look at what the trend was and what it is now now remember these are the paper dollars that are in circulation they actually have to print these they can't just type them into existence m1 m1 are you kidding me this is so


discontinued why did they discontinue it well um they did change methodology here which is stupid because there are other versions of this chart uh that still contain this uh big huge leap here now uh there was a big increase but about 80 percent of it was just a change in methodology and what they did was they decided you know there was a big difference between m1 and m2 they were like there was like uh you know m1 was like 10 or 20 percent of m2 and then they just decided well we'll make it 80


of m2 we're going to include all of these other things that we're going to count that are in m2 well we'll count them in m1 also and make these charts and data sets that that people are using newsletter writers commentators there's uh economists analysts they're all using this data and then they corrupt the data and they make it not useful anymore so m1 money multiplier this is something you know i go through the fed's website i click on this i click on that i try and figure out what they're doing but


whenever i see something like this where something just falls off a cliff first thing i do is i try to go and see did they change their methodology is there or is this real and then if it's real uh i report on it and and uh this was real and they stopped uh reporting on it in at the end of 2019. uh there's a lot of things that are very convenient here m2 money stock discontinued why would they discontinue by the way does that look broken to you is there something wrong here so why would they discontinue this


mzm now mzm is actually the largest measure of the currency supply i've said this many many times they call it money of zero maturity i call it cesium which is currency of zero maturity but at 22 trillion this was the largest aggregate and this is extremely important this one this is the currency that can come chasing after other assets it's the currency that's instantly available in checking accounts and money market funds especially institutional money market funds when the big boys come chasing


gold and silver this is a portion of the currency supply that's going to be chasing it it isn't uh in any of the time deposits or any this this is the aggregate that encapsulates all the different forms of currency that can instantly change their mind and say i don't i'm not going to go after this i'm going to go after gold and silver and then we've got velocity of mzm look at how that's falling off of a cliff and they just discontinued this i mean the last update is uh q4 of 2020. this is a


quarterly they also have a weekly that goes to february of 2020. all mzm has been discontinued they are no longer going to report on currency that can instantly buy any asset it wants m3 now they discontinued m3 and this is where i first started getting a suspicious mind was back in march of 2006 they discontinued m3 this used to be the largest measure of the currency supply it counted the most dollars that are out there nobody knows how many dollars there are they just sort of give it their best guess they get as much data


as they can and so here it stood at 10 trillion dollars and and this stops back in 2006. let's go to a nice even uh number here uh we're gonna find 10 trillion dollar here we go uh we've got october 10th 2005. 10.8 trillion dollars in october of 2005. so 10.8 trillion in october of 2005. they replaced this with this thing and if we go to october of 2005 we have 6.6 trillion not 10 trillion there's a third of it missing you know a third of 10 trillion two-thirds of 10 trillion would be 6.6 trillion and so


there's 33 percent missing here so if we take where this is at now uh 20 trillion we'd have to add another six trillion to this to get the old m3 to get anything close to that uh so the fed is hiding something you know um the forty thousand five hundred and sixty eight now that like i said there's a lot of it that's legitimate there's a lot of it where it's an inconvenience but they you know if they're changing methodology they probably should do it but mzm and some of these other measures


now you sort by relevance here m2 m1 adjusted monetary base popularity and what we've got is m2 m1 the financial stress index the monetary base again and it goes on and on and on a dollar index uh and so they're up to something and we're uh seeing what i believe uh is you know we're getting near the end of a monetary system so there is the stress index and it was headed north and uh it's it's discontinued it's interesting that a lot of this has been discontinued at a very convenient time


so what is the fed up to and do any of these charts look broken to you thank you for watching we'll see you next time