Sunday, August 7, 2016

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


https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvldB7COH5WQ5_YhZ-qhcmjcGrgTzm5SQrUMf091Um-Nq8Z-Tc1kFaU8LEhAffMJG8QasmOV_GGEAlK4BbO6lUXMx49lDSGGYPI-cgh2fxN75gcawtk8nZ1OEi91GR7z0cyWCHvNlx47A/s1600/m2.PNG
As units of money slow down, so do goods and services everywhere. Combined with contraction of credit, you have a DEPRESSION.