EDITOR NOTE: Another historical first, the M1 money supply just increased by another $700 Billion in just two weeks in November. This is something that has never happened in the history of the US. To put things into perspective, more money was printed now than in March during the Coronavirus Crash. Why is this happening now? What might be the consequences of money printing at such an accelerated rate? Even more worrying: notice how no media outlet is even talking about this? In reference to another article we curated about how Americans are losing faith in the US system but can’t articulate a clear reason as to why, this event--the increase of M1 supply-is exactly the kind of things Americans should be paying attention to. But it remains well above most Americans’ heads.
M1 money supply has increased yet another $210B in the week between Nov 23 and Nov 30 on top of the $500B the week prior, that's over $700B in 2 weeks.
M1 Money supply of the United States has increased by 64.5% since the beginning of 2020.
There is no history for this. None. pic.twitter.com/0dkzSmiCrL
— Sven Henrich (@NorthmanTrader) December 13, 2020