Just found this article when researching...and it's really good...
Written by Larry Greenley Tuesday, 10 February 2009 21:07
On his January 29 TV show, Glenn Beck drew national attention to a relatively obscure graph of our nation's "monetary base" (a narrow definition of money supply, also known as M0) maintained online by the Research Department of the St. Louis Federal Reserve. The reason for the special attention was the dramatic hockey stick shape of the graph that developed during the last few months of 2008. Beginning about September the usually stable graph of monetary base vs. years shot virtually straight up for the remainder of the year.
Immediately below is the graph that Beck featured on his January 29 show. It was blown up into a huge graph on the set. Beck provided a walking tour of the graph (video here) complete with historical highlights ranging from the Stock Market Crash in 1929 to the huge Federal Bailouts that began in late 2008. When Beck reached the end of the graph (December 2008), the endpoint burst into flames to help make his point that something extraordinarily bad was happening with our money supply.
Here's what Beck said about this graph at the end of his tour:
“Look at this hockey stick…. Here’s where we were in September last year, but then the Treasury decided we need to start printing more money. This hockey stick should take your breath away. This is devaluing our money…. We have pumped all this money in and devalued our money. How is it not going to be worthless? This has never ever been done by anybody ever before.” (Glenn Beck, Glenn Beck TV Show, January 29, 2009)
This is very dramatic stuff. Since Congressman Ron Paul, Austrian economists, the John Birch Society and others have been warning Americans for years about the losses in buying power of the dollar owing to the Federal Reserve's creation of money out of thin air, and have created the expectation that we could enter an era of rapid or even hyperinflation sometime soon, it's not surprising that Glenn Beck and many others are especially on the lookout for signs that the Fed is on the verge of inflicting rampant inflation on Americans. And, of course, the ongoing multiple-trillion-dollar bailouts that are occurring make the rapid inflation scenario even more plausible. [continued...]
Definitely check out the rest...They quote a August 2006 working paper called "Monetary Base", by Richard G. Anderson, Vice-President of the Federal Reserve Bank of St. Louis. Invaluable stuff.