Did anyone see this the other day? 22.7% annualised growth to M1 . . . inconceivable! So I gave it some thought and came up with a few potential reasons for the ACTUAL PRINTING PRESSES to be so heavily utilised: 1) Maybe they just hit the use by date on a QUARTER of their currency in circulation. You know how that works, "use by" expires and you print up another 22.7% of your currency in circulation; or 2) Maybe they were stocking up the helicopters for the infamous Bernanke drop! ; or 3) Maybe they were handing over crisp new bills to insiders so they could go buy some Gold on the open market; or 4) Maybe they had to load up a few more C-130 transport planes of cash to bankroll the payroll of their international operations. http://articles.latimes.com/2011/jun/13/world/la-fg-missing-billions-20110613 It will be interesting to see what the growth rate is for this quarter!