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This is the twenty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:48 Money supply "stack"
02:47 Federal Reserve presser on M3 discontinuation
05:05 Repo market summary
05:28 Why repos: #1 Shadow banking
08:57 Why repos: #2 Liquidity
10:41 Why repos: #3 Leverage
12:30 M3 non-M2 Total (Fed discontinued)
12:39 Large time deposits & Institutional money market funds
13:40 Repos (Banks)
16:30 Repos (Shadow banks)
19:25 Former Fed economist explains repos and M3
24:10 Repos (Fed)
28:58 Fed knows it's a monopoly actor
31:45 Adding up all M3 money supplies found so far
Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering repurchase agreements. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006.
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Show content is not investment or financial advice in any way.
Recap #2: Bitcoins are Base money, not Bank money
Recap #1: Market money vs. Monopoly money
CV147: Alex Gladstein - CBDC Tracker
PE41: MORE on the best Bitcoin valuation model
PE40: PSR - The best Bitcoin value model you've never heard of
PE39: What will the Bitcoin network be worth in 2030, based on trend?
PE38: How many bitcoins will be mined by 2030?
PE37: Is Bitcoin mining a billion dollar industry?
PE36: New bitcoins vs. fees - Which pays miners more?
PE35: How much Bitcoin is produced per year?
PE34: How much do Bitcoin miners earn per year in fees?
CV146: Ukraine, total money supply, phone privacy
PE33: Are credit cards part of the money supply? (XIII)
PE32: Decoding Money - Total money supply USA (XII)
PE31: Decoding Base Money - Gold in USA (XI)
PE30: Decoding Base Money - USA (X)
PE29: Decoding M3 - Money supply USA (IX)
PE28: Decoding M3 - Eurodollars (VIII)
PE26: Decoding M3 - Institutional money supply USA (VI)
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