What is the velocity of money?

Wiki quotes the federal reserve: The velocity of money (also called velocity of circulation of money and, much earlier, currency) is the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period

 Here it is.  The blue line, headed straight down it seems. In fact, during the last year we can see that velocity has suddenly nose dived.

The red line is DC debt to gdp.  Generally that is uncorrelated, or correlated with a lag to velocity. But since the crash, debt to gdp and velocity have been nearly exactly  the inverse. In other words, it looks like we are being strangled by excessive debt in central government, Obama borrowings.

Strangled by government debt, but to hear from Obama economists this is fine and dandy!

What is the cause? California does not fit. Tax structure does not match, programs do not fit, corrupted politics is generated.  California is a massive, Jim Crow state, right out of the old South, it has no place in the US.