Mon 26 Apr - 10:00 AM|
US Dollar's monetary mass (M3)
According to the Federal Reserve's data, the US Dollar's monetary mass (M3) has exceeded 9,000 billions, increasing from 8.939.5 billions at the end of February 2004 to 9,009.1 billions at the end of March 2004, that is a 0.778 per cent increase. If the quarterly increase, which from January to March 2004 has been equal to 2.15 per cent is considered, it is probable that during year 2004 the US Dollar monetary mass will increase by the 8.60 per cent, which means that the United States' currency will loose value by the same percentage. In this case, all the currencies' guaranteed by US Dollars would loose value according to the quantity of Dollars that guarantee them.