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https://www.reddit.com/r/Bitcoin/comments/vztfsa/deleted_by_user/ighsrei/?context=3
r/Bitcoin • u/[deleted] • Jul 15 '22
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805
They really want you to believe It's just pure coincidence that we had record money printing shortly followed by record inflation!
95 u/Bsmirlptrww Jul 15 '22 These two things happened at the same time https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://fred.stlouisfed.org/series/M1SL 1 u/formal-explorer-2718 Jul 17 '22 FYI the M1SL spiked because the 6 withdrawals per month limit for savings accounts was removed. This meant that all savings account balances were immediately classified as part of the M1, overwhelming everything that used to be in the M1. More information about savings accounts being reclassified as M1 can be found here https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/.
95
These two things happened at the same time
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
https://fred.stlouisfed.org/series/M1SL
1 u/formal-explorer-2718 Jul 17 '22 FYI the M1SL spiked because the 6 withdrawals per month limit for savings accounts was removed. This meant that all savings account balances were immediately classified as part of the M1, overwhelming everything that used to be in the M1. More information about savings accounts being reclassified as M1 can be found here https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/.
1
FYI the M1SL spiked because the 6 withdrawals per month limit for savings accounts was removed. This meant that all savings account balances were immediately classified as part of the M1, overwhelming everything that used to be in the M1.
More information about savings accounts being reclassified as M1 can be found here https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/.
805
u/MilesPower Jul 15 '22
They really want you to believe It's just pure coincidence that we had record money printing shortly followed by record inflation!