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Old 09-23-2018, 09:58 PM
 
17,750 posts, read 12,405,442 times
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Quote:
Originally Posted by Thatsright19 View Post
Your thread is titled “show me the money—in circulation”.
Well that’s right
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Old 09-24-2018, 09:28 AM
 
8,358 posts, read 3,525,000 times
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Quote:
Originally Posted by SE1SG View Post
So a report popped up (Z.1) Flow of funds that indicated "US households have $9.561 trillion in deposits, which include checking and savings accounts and certificates of deposit." Yet the Federal Reserve said, "there was approximately $1.67 trillion in circulation as of June 27, 2018, of which $1.62 trillion was in Federal Reserve notes." -what gives? Additionally, I wonder how many 'notes' are being hoarded over-seas...?
Is there any question that US households have $9B in deposits and/or CD's?

Is there any question that there is $1.7T in USD cash and currency circulating and hoarded out in the world?

Most currency is overseas. Especially $100 bills. I would bet that a bunch is hoarded.

https://www.google.com/search?source...21.Hy-c4qg3lws

https://www.google.com/search?source...21.iVwJPoBOy9k
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Old 09-24-2018, 12:34 PM
 
Location: Aurora Denveralis
3,476 posts, read 1,189,560 times
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Quote:
Originally Posted by Hoonose View Post
Most currency is overseas. Especially $100 bills. I would bet that a bunch is hoarded.
Probably. But it's neither of much significance nor much of a surprise. And "hoarding" is a term that implies either some nuttiness or some underhanded intent.

US money is the currency of many of the world's markets, legitimate and not. It's more trusted in many third-world countries than the native currency, especially for stuff in the shady - tax avoiding - graymarket - black market realm. Most of these folks can't run their transactions through banking, so it's printed money on the barrelhead. Drugs, arms and pharmaceuticals probably see the most exchange.

So when a small-time arms dealer or a drug lord keeps $100M stacked like bricks in a vault, is it "hoarding" or just necessary cash-banking? There are undoubtedly countries that keep a few billion in piles of US cash. Hoarding, or a facet of international banking and trade?

I doubt there is any significant amount of US currency being "hoarded" outside these groups, but nuttiness abounds, so who knows.

The problem here is that the OP clearly thinks around $8T is being "hoarded" overseas for some threatening reason; that around 80% of US "money" is being held by foreign agents. Besides the complete misunderstanding of the monetary indexes he's comparing, the amount of currency outside the US is of little concern to anyone, for any reason - if a drug lord's compound burns down and takes $250M in cash with it, he's just made a quarter-billion contribution to the US's good.

It's all the kind of thing only a particularly moronic AM rant radio type could gin up, which is why I didn't expend a lot of patience with my first answer. But I wasn't particularly rude, either.
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Old 09-24-2018, 01:43 PM
 
3,745 posts, read 2,082,205 times
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Quote:
Originally Posted by SE1SG View Post
So a report popped up (Z.1) Flow of funds that indicated "US households have $9.561 trillion in deposits, which include checking and savings accounts and certificates of deposit." Yet the Federal Reserve said, "there was approximately $1.67 trillion in circulation as of June 27, 2018, of which $1.62 trillion was in Federal Reserve notes." -what gives? Additionally, I wonder how many 'notes' are being hoarded over-seas...?
Sad that so many people are rude to posters here. Obviously if you are posting a question here you are in search of knowledge; this should never be disparaged.

You may find this a helpful starting place to understand Fed Monetary Policy.

https://www.investopedia.com/article...-recession.asp
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Old 09-24-2018, 02:10 PM
 
Location: In a vehicle.
4,604 posts, read 2,836,529 times
Reputation: 7390
Quote:
Originally Posted by SE1SG View Post
So a report popped up (Z.1) Flow of funds that indicated "US households have $9.561 trillion in deposits, which include checking and savings accounts and certificates of deposit." Yet the Federal Reserve said, "there was approximately $1.67 trillion in circulation as of June 27, 2018, of which $1.62 trillion was in Federal Reserve notes." -what gives? Additionally, I wonder how many 'notes' are being hoarded over-seas...?
China is the holder of most of our "Notes"

Oh, did a web search for "Value of all US companies"....roughly it's 37. 5 Trillion....Quite the chunk of cash...
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Old 09-24-2018, 02:11 PM
 
Location: Aurora Denveralis
3,476 posts, read 1,189,560 times
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Quote:
Originally Posted by SWFL_Native View Post
Sad that so many people are rude to posters here. Obviously if you are posting a question here you are in search of knowledge; this should never be disparaged.

You may find this a helpful starting place to understand Fed Monetary Policy.
What... you can't just answer his question? You're shoving him off to find answers elsewhere? How rude.
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Old 09-24-2018, 03:30 PM
 
2,854 posts, read 1,569,915 times
Reputation: 2238
Quote:
Originally Posted by SWFL_Native View Post
Sad that so many people are rude to posters here. Obviously if you are posting a question here you are in search of knowledge; this should never be disparaged.

You may find this a helpful starting place to understand Fed Monetary Policy.

https://www.investopedia.com/article...-recession.asp



Uh, re-read what the OP write in post #3. That was rude. He just doesn't *like* the response he got in post #2.


Yes, it's back to the Econ 101 thing. That is a helpful link you supplied for those starting out.
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Old 11-01-2018, 07:20 AM
 
9,151 posts, read 9,352,253 times
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Quote:
Originally Posted by Quietude View Post
Fifty percent of your first post was about printed money, and your own words say so.
It is usually helpful to use the phrase banknotes instead of printed money. Banknotes are the primary type of “central bank money” or “sovereign currency”, as they are issued by a central bank, such as the Federal Reserve Bank in the U.S.

Modern economists tend to refer “commercial bank money” to describes the most common form of money. When a bank lends out money which it does not actually have, that money is generated as scriptural money, meaning it only exists “on paper”. This commercial bank money currently makes up a large part of the money in circulation

In Scandinavian countries bank apps (used primarily on mobile phones) have now become the primary means of conducting person to person transactions. Because banknotes are now going the way of personal checks the central bank may issue digital currency, that will be more anonymous than commercial bank credit. Because it is anonymous, you won't be allowed to do a $50,000 transfer as that would only aid money laundering.
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Old Today, 02:13 PM
 
9,151 posts, read 9,352,253 times
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Default links please

Quote:
Originally Posted by SE1SG View Post
So a report popped up (Z.1) Flow of funds that indicated "US households have $9.561 trillion in deposits, which include checking and savings accounts and certificates of deposit." Yet the Federal Reserve said, "there was approximately $1.67 trillion in circulation as of June 27, 2018, of which $1.62 trillion was in Federal Reserve notes." -what gives? Additionally, I wonder how many 'notes' are being hoarded over-seas...?
It helps if you include a link to where you got a number so people know what year , week, or month you are referring to and whether it is seasonally adjusted. The value of $9.561 trillion seems suspiciously close to M2-M1 using the definitions below from Money Stock and Debt Measures - H.6 Release


M1 consists of
(1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions;
(2) traveler's checks of nonbank issuers;
(3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and
(4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions.
Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.

M2 consists of M1 plus
(1) savings deposits (including money market deposit accounts);
(2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and
(3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds.
Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.


The value $1.67 trillion in circulation as of June 27, 2018, can be cited in this reference
Currency in Circulation (WCURCIR)
27. Jun. 2018 $1,662.16
4. Jul. 2018 $1,668.57
11. Jul. 2018 $1,672.14
18. Jul. 2018 $1,668.63
25. Jul. 2018 $1,666.89
1. Aug. 2018 $1,667.75
8. Aug. 2018 $1,669.38
15. Aug. 2018 $1,670.96
22. Aug. 2018 $1,673.70
29. Aug. 2018 $1,676.35
5. Sep. 2018 $1,685.64
12. Sep. 2018 $1,686.95
19. Sep. 2018 $1,685.16
26. Sep. 2018 $1,684.57
3. Oct. 2018 $1,686.72
10. Oct. 2018 $1,691.91
17. Oct. 2018 $1,691.23
24. Oct. 2018 $1,689.83
31. Oct. 2018 $1,691.43
7. Nov. 2018 $1,696.74
14. Nov. 2018 $1,701.07
21. Nov. 2018 $1,702.92
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