Free Republic

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. By Ambrose Evans-Pritchard Published: 9:40PM BST 26 May 2010 Reverse side of a US twenty dollar bill matched up with the north side of the White House in Washington, DC The stock of money in the US fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc Photo: AFP The M3...

This morning, President Obama will meet with the NCAA men’s basketball champion Duke Blue Devils at the White House to honor their 2009-2010 championship season in the Rose Garden. Keeping up the sports theme, the president and the vice president will take a photo with the U.S. World Cup soccer team and former President Bill Clinton, who is chairing the 2018 World Cup bid, on the North Portico. The White House has previously announced that Vice President Biden and Jill Biden will attend the World Cup in South Africa next month. SNIP Afterward, in the evening, the First Family will...