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Thread: M2 money supply has been increased more since Sept than the entire Great Recession

  1. #1

    M2 money supply has been increased more since Sept than the entire Great Recession

    12% increase since Sept 19 compared to 9% between Dec 07-July 09!

    https://fred.stlouisfed.org/series/M2

    Money printer goes brrrrrrrrrrr

    HT to Jim Grant for mentioning this during a CNBC interview just now. Immediately after he said it, he was cut off for a "breaking news" alert, which was a nothingburger then straight to commercial. Now, now Jimmy, you know you can't talk about things like that.
    Last edited by devil21; 04-07-2020 at 10:13 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.



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  3. #2
    Quote Originally Posted by devil21 View Post
    12% increase since Sept 19 compared to 9% between Dec 07-July 09!

    https://fred.stlouisfed.org/series/M2

    Money printer goes brrrrrrrrrrr

    HT to Jim Grant for mentioning this during a CNBC interview just now. Immediately after he said it, he was cut off for a "breaking news" alert, which was a nothingburger then straight to commercial. Now, now Jimmy, you know you can't talk about things like that.


    This is a little nitpicky but I really think the true money supply is the monetary base (M0). And of course it's been skyrocketing also. But the reason I think the base is more important is that the base drives all the other derivatives of the base (M1,M2,M3). If the base goes up (it goes up from printing money), the other versions of the money supply will eventually follow. So the base tells you the true story. You could get fooled by M2 if velocity is low, like from 2008 until now. If you were only looking at M2 you might think we've been ok even though the truth is we raised the base from .8 trillion to 4.5 trillion. So even if we hadn't launched QE infinity, and we kept the base at 4.5 trillion, at some point velocity would pick up to historical normals, M2 would go way up, and we still be facing massive price increases.

  4. #3


    Michael Burry, of The Big Short fame and also medical school grad, called this stock market selloff and shorted stocks in size has been offering up takes that basically agree with what I think. He says the lockdown is insane. The cost outweighs the benefits by orders of magnitude. The people chortling that Trump is an idiot for pushing a drug that might work and has few negatives are idiots.

    And the relevant part of this thread is he says the Fed should stop paying interest on reserves. A big reason QE never caused inflation is because banks just hold the cash instead of lending it. The Fed likely wouldn't have needed to expand their balance sheets to this degree if they weren't paying banks to not lend money.

  5. #4
    Quote Originally Posted by Krugminator2 View Post


    Michael Burry, of The Big Short fame and also medical school grad, called this stock market selloff and shorted stocks in size has been offering up takes that basically agree with what I think. He says the lockdown is insane. The cost outweighs the benefits by orders of magnitude. The people chortling that Trump is an idiot for pushing a drug that might work and has few negatives are idiots.
    This lockdown isn't about a virus. That should be obvious by now. It's about keeping the proles scared and hiding while 5G goes up unopposed, the cash based economy is gutted (planned cashless society), the healthcare system is revamped (massive layoffs in the health sector not getting much coverage), and maybe some comet doom speculation thrown in. IOW, Agenda 2030 objectives implemented while everybody sits around watching netflix and drinking wine.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.



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