True Money Supply May 2012

It’s been a while since I posted the last update on the US Money supply (true money supply), so here it goes:

The true money supply has grown to $2,731 billion:


The annual growth rate is currently at 13.62 percent:


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5 thoughts on “True Money Supply May 2012”

  1. Mish and are both wrong. As of 04/2015 the actual money supply stands at $1.36-Trillion in circulation and another $2.6-Trillion held in reserves. Everything else is Credit, a promise to pay money, or the assumption that money will be paid, either upon demand or over time.

    Our ‘money’ is defined by law, specifically Section 31 U.S.C. 5103, it’s a short paragraph. In it, you will not find the credit generated by the banks or the Federal Reserve listed. In point of fact, there is no law anywhere that grants either the Federal Reserve or the banks the authority to create money. That right/privilege is exclusively retained by government via the U.S. Department of the Treasury.

    The only ones who benefit from the conflation of money and credit, are the ones who create credit with no money.

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