Sunday, August 7, 2016

One of two most important charts EVER about ANY economy, M2 or the VELOCITY OF MONEY


https://1.bp.blogspot.com/-4FSksu-Hkv4/V6Qbm8IB49I/AAAAAAABKfY/gPoVowMehdQ3_gpbPCEN722n9Gv5Q8BcQCLcB/s1600/m2.PNG
As units of money slow down, so do goods and services everywhere. Combined with contraction of credit, you have a DEPRESSION.