Wow.
M1 money supply just exploded higher even further.
The biggest monthly jump yet.
The Fed is operating without checks or balances.
Correlation not causation? Please. Get real.
US M1 money supply has increased by 55% since February.
35% of all US dollars in existence have been printed in 10 months.
Just ponder this.
I guess this is what it takes to orchestrate the biggest wealth transfer in history while pretending to save the economy: Rape the entire financial system & then lie about the effects and consequences while never getting called to task except by some cranks like me on Twitter.
And this is what it takes to blow the biggest asset bubble of all time.
182.9% market cap vs GDP.
All this printing is not going to the people.
It's going to the rich.
Fact.
Jay Powell: https://twitter.com/corptrader/status/1334983232807448585
Checking the data: M1 money supply increased by $500B, half a trillion dollars in ONE WEEK between Nov 16 & November 23. The largest increase in history by far.
WHY? and WHY NOW?
And why am I the only one asking this question?
Mr. Powell: The world deserves an answer.
And just to highlight the historic enormity and absurdity of it all, here's the zoomed in version.
Don't think for a minute this is consequence free.
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