That was an agenda being promoted about a year ago. To remove the U.S. dollar as a reserve currency and replace it with a basket of them. China was pushing for this.

I pointed out the drop for the year in the first paragraph below the other numbers, plus have two graphs on it. I will agree with you I need to graph out the monthly data and in all honesty, it's because I'm working on the site upgrade and the FRED in St. Louis magically doesn't have a graph of raw capacity (isn't that interesting how it is not amplified!)

So, I pledge to get the raw data graphed up soon to make it even more obvious the actual production economy continues to be hollowed out!

I'm working on that as a site feature, fast graphing of raw cvs data.

I know you've posted here previously and I'd love it if you created an account. It's a rare bird to find people who actually look at the raw data and understand it and you could really help add to the overall awareness here.

Did you see the headlines claim it's all one big blow out? ha ha. We need the blogs to analyze the data details.

There is a video on Youtube showing Alan Grayson grilling a Fed inspector about what happened to this money and they just can't or won't answer those questions.

Bloomberg has changed the links now rather than print the original allegations. I haven't checked these in quite some time but I am not imagining these actions either. During the fall of 2008 I followed all these stories with tremendous interest.

This is now all part of the Bloomberg FOIA court case which no doubt will be appealed all the way to SCOTUS who will rule this a national security issue and squash the request.

Remember, 25 to life for stealing golf clubs. So what does a man walking out of Walmart with $9 trillion in cash get? Immunity.

Federal Reserve Cannot Account for $9 Trillion in Off-Balance Sheets Transactions

One of the things I believe is going on is that the Mises people are in part being vindicated here as the paper only currency experiment is collapsing.

Gold restricted inflation across the whole economy which is not the case with the fiat currency.

At some point the US dollar will have to be devalued by some huge amount all at once and soon after that it will be replaced as the reserve currency.

Would be a peoples candidate for sure. I think Grayson may be the closest thing to him with some lighter social views.

I see all over the web claims that the Fed is owned in part by foreign banks which would explain their desire to bail out foreign banks at the expense of US interests.

After the meltdown in Fall 2008. Bloomberg posted a series of news blurbs that said over $9 trillion was unaccounted for on the Fed books - missing. Those articles are no longer online but they are referenced all over. ZeroHedge etc.

When ever something is removed from the web I know the powers to be are at work.

We have no idea what is going on with 'our' money supply. It is in the hands of con men.

Till BRIC and the IMF push a new world currency down our throats and then we will lose that ability.

Reality will come crashing down as the dollar will no longer be a safe haven and OUR borrow and spend policies will come back to haunt us.

This pathway makes me wonder if another world war is inevitable.

This is a strange version of the viatical settlement, in which the "insurable interest" is purchased from the insured, except that the company has not purchased it. It can hardly be deemed "key man" insurance. I cannot insure your house because I do not have an "insurable interest." A mortgage company does. But if I can insure you (an employee) and fire you at will, I fail to see how that either gives me or my company an "insurable interest."
If corporations can do this, let them also provide payment to the employee for this "insurable interest," in the form of a vested severance fund in addition to normal UI. Alternatively, require companies taking out policies on employees to include family members as co-beneficiaries at no cost to the employee.

Insurance, should be regulated to the policy holder having in their direct possession the underlying asset. CDSes enable anyone to "buy insurance" i.e. place bets, without having any connection to the underlying asset.

i.e. naked CDSes. Dorgan is trying to get these banned last I heard and this makes sense.

Because if one looks at the mathematics behind these, without having the 1:1 ratio, on a CDS to the assets, from the mathematical equations themselves, the model becomes invalid.

So, one cannot endorse derivatives, CDSes based on very obviously faulty mathematical models. It's bad enough that mathematical models fail, but to base billions of dollars on something that is flawed and invalid from it's very structure is unconscionable.

Then, on regular insurance, they should ban corporations from taking out insurance on their employees and being the benefit collectors.

In other words, large corporations, including Wal-mart, are taking out life insurance policies on their employees, many who are just workers, not executives and so on, and getting a payout, i.e. the beneficiary, when that person dies.

The very obvious abuses of such a practice (which to my knowledge has never happened), are clear. Oops, bad quarter, gonna go out and "collect" on a few insurance policies on some of our workers.