#30 Decoding Base Money: USA

#30 Decoding Base Money: USA

Time Stamp: February 22, 2023 3:49 PM
Source Node: 2020475

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This is the thirtieth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

02:05 Inside versus Outside money

07:50 M0 is a part of both Inside and Outside money

09:20 Be cautious: M0 as defined by different central banks!

10:30 Vault cash

11:28 Bank reserves

17:30 Physical cash % of Base money

22:55 Monetary base (as officially defined)

23:30 Fed repos (Shadow bank reverse repos)

31:00 Gold vs. Fiat base money vs. Bitcoin

Here is our first video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. M0 is included in base money, as well as the M1 money supply (which we have already covered)! Now that we have covered the inside money (fiduciary media) in the United States, we can deeper look into central bank money, or base money, and how this type of money is the core of the financial and monetary system. It economically compares with gold, silver, and bitcoin.

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Show content is not investment or financial advice in any way.

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