The Feds are dropping M3 data in March, 2006. What does that mean? M3 is, to grossly simplify things, the sum total of all money in our system. That may seem like an important number to keep track of, and historically it has been very important. There seems to be disagreement over whether that still holds true. Currency traders, who make obscene amounts of money by taking advantage of the fluctuations in world currencies, say it isn't all that important, there are other indexes that give a better picture, M3 is outdated, blah blah. Gold bugs, like the ones that wrote the article I linked to above, say M3 is the single most important number generated by the Federal Reserve. Both sides are in a position to know a hell of a lot more that I do. Both sides also have horses in the race, so I take their opinions with a healthy dose of sodium chloride. Having said that, there are aspects of this that make me nervous. First, this is one of the most inflationary administrations in recent history. Second, the announcement was made in a very odd manner, almost as an aside, and not accompanied by any explanation as to why. Call me paranoid, but I don't think holding large amounts of US dollars after March is a good idea.
Ponder for a moment all the blood and treasure we have spent in places like Iraq. Reflect on the destruction of civilian air travel by the TSA. Consider the desecration of the Constitution by George W (as in "wiretap") Bush. Then read this. Feel safer? The most critical pieces of information this kid needed were supplied by the federal government itself. I can't have tweezers on an airplane because I might use them to hijack the plane, but the feds are handing out information on how to extract and purify radioactive isotopes to random people.
Ok, now lets look at this situation from another angle. The War
At least the story ends well: Hahn is now in the Navy instead of rotting in some jail cell.
That's all folks!