Dangerous Times for the U.S. Dollar;
Intensifying Flight to Precious Metals Likely

Domestic Systemic Liquidity Issues Appear Serious:
Third-Quarter 2019 Velocity of Money (M3) Is on Track for
Its Sharpest Quarterly Drop Since the Depths of the Great Recession

Liquidity Crisis Intensifies,
Reflecting Deepening Financial-System Instabilities

Used by Some at the Fed to Minimize FOMC Accommodation,
Overly Optimistic Economic Assumptions Are Falling Apart

Latest Headline Reporting, Revisions and Corrective Benchmarkings
Increasingly Put the Lie to Current Federal Reserve Presumptions of
Stable and Positive Economic Growth

A Deepening Economic Downturn and Flummoxed Fed Suggest
Intensified FOMC Accommodation at the October 29/30 Meeting, Reflected
Partially in the October 11th Inter-Meeting Liquidity-Infusion Program