{"id":56231,"date":"2020-12-30T07:19:40","date_gmt":"2020-12-30T12:19:40","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56231"},"modified":"2020-12-30T07:19:40","modified_gmt":"2020-12-30T12:19:40","slug":"why-m1-money-supply-cash-is-skyrocketing-like-no-time-in-history","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56231","title":{"rendered":"Why M1 Money Supply (Cash) is Skyrocketing Like No Time in History"},"content":{"rendered":"<h3 class=\"post_title\"><a href=\"https:\/\/thegreatrecession.info\/blog\/why-m1-money-supply-cash-is-skyrocketing-like-no-time-history\/\">Why M1 Money Supply (Cash) is Skyrocketing Like No Time in History<\/a><\/h3>\n<div class=\"singlepost entry\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"attachment-single-post-thumbnail size-single-post-thumbnail wp-post-image\" src=\"https:\/\/thegreatrecession.info\/blog\/wp-content\/uploads\/BurningMoneyPlane.jpg\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/thegreatrecession.info\/blog\/wp-content\/uploads\/BurningMoneyPlane.jpg 300w, https:\/\/thegreatrecession.info\/blog\/wp-content\/uploads\/BurningMoneyPlane-150x133.jpg 150w\" alt=\"Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency\" width=\"300\" height=\"265\" \/>In my\u00a0<a href=\"https:\/\/thegreatrecession.info\/blog\/fed-is-dead-2\/\">last Patron Post<\/a>, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash \u2014 bills, checks and basic savings accounts) had grown faster than any time in history. I showed that using a graph like the following, which is now brought up to the most current data:<\/p>\n<p><iframe src=\"https:\/\/fred.stlouisfed.org\/graph\/graph-landing.php?g=z7jE&amp;width=670&amp;height=475\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe>With part of December now in the picture, you can see the faintest hint at the top of the steep late-November climb that shows the climb may be rounding off.<\/p>\n<p>I noted,<\/p>\n<blockquote class=\"wp-block-quote\"><p><strong><em>That is a massive amount of new cash money \u2014\u00a0historically massive\u00a0\u2014 done almost covertly in the quickest burst ever<\/em><\/strong>\u00a0\u2014 and yet it did not even cause the stock market to blink!\u2026\u00a0<strong><em>The graphs \u2026 make it clear why inflation under the new regime could become a much more serious problem<\/em><\/strong> than the limp moves seen over all the years of the Great Recovery, the difference being how fast the Fed\u2019s QE is now converting into cash<\/p><\/blockquote>\n<p>\u2026 and I asked,<\/p>\n<blockquote class=\"wp-block-quote\"><p><strong><em>Why did such an enormous surge in money supply happen in the last two weeks of November with no financial articles being written about it and no statements from the Fed about it? What is going on behind the scenes at the Fed and\/or US treasury right now?<\/em><\/strong><\/p><\/blockquote>\n<p>\u2026and I promised I would look into and get back to you on it.<\/p>\n<p>I think that I may have found a couple of answers, so I am getting back to you on that as promised.<\/p>\n<p><strong>This could be due to Biden\u2019s promised termination of tax welfare to the rich<\/strong><\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why M1 Money Supply (Cash) is Skyrocketing Like No Time in History In my\u00a0last Patron Post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash \u2014 bills, checks and basic savings accounts) had grown faster than any time in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7783,11574,11687,30781,538],"class_list":["post-56231","post","type-post","status-publish","format-standard","hentry","category-economics","tag-credit-expansion","tag-david-haggith","tag-great-recession-blog","tag-m1-money-supply","tag-money-printing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56231"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56231\/revisions"}],"predecessor-version":[{"id":56241,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56231\/revisions\/56241"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}