No return to pre-2020 trends—money, debt, and prices ratchet higher.

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M1 money supply went from $4T in 2020 to $18T in 2021. It would have taken 52 years to organically grow to be an $18T economy. But it was easier to print $14T in the least productive year of last decade 😃. Inflation will never again be 2% annually. 🚀 pic.twitter.com/BZ11EMJzUE

— Kenny Gonzalez (@mr_kenucho) December 31, 2024

See also HOLY SH*T! China’s Currency Crisis Is Worse Than Expected, and the Rupee's Collapse Is Accelerating.

See also Is the Fed Trapped? The Looming Breakdown of Monetary Commitments and the Future of the Dollar.

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