What country increased its debt by 170% and its M1 money supply by 78% in 12 years?
Answer: America🇺🇸
Don’t believe me? Let’s take a look.
Here’s the M1 money supply since the 1970’s, look at that rise since 2008 and acceleration in 2020.
Here’s M2 money supply, it took off like a rocket ship this year.
And if you think it’s no big deal just take a look at the purchasing power of the US Dollar since 2008. It’s down over 17% and that was through earlier in 2020, it’s actually worse today. As of Dec 3rd the dollar has lost 6.3% of its purchasing power in 2020 alone. What does the fall in purchasing power mean to you? Well that $100 you had in your pocket at the start of 2020 will now only buy you $93.70
This my friends is not normal. The fall in the US dollar is accelerating, inflation is heating up and the US Federal Reserve wants to double that rate, according to their latest testimony. Good luck paying your bills and living on the US Dollar. Not me!
*All charts provided by the Federal Reserve
