EdwardDiamondhands on Nostr: Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%. This, ...
Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%.
This, after a 40.8% increase from Feb 2020-Mar 2022.
That’s right, hiking the Fed Funds Rate from near 0% to ~4.5% rapidly has only resulted in a measly 2.15% reduction in the money supply.
Whatever Consumer Price Index “disinflation” they’re celebrating, the fact remains that there is still 37.8% more money floating around than there was in Feb 2020.
Your wealth is still in the process of being extraordinarily diluted by the scourge of #inflation. In fact, it is already diluted by ~37.8%, you just haven’t fully realized it yet.
Tell a friend; buy #Bitcoin.
Published at
2023-03-13 18:32:38Event JSON
{
"id": "b89cc971ae590b41691a57a65ba26b5f7f4cad0babe3cf64417e20c36ffa52c4",
"pubkey": "b5d08aa2a0ec1d9748c71ae9922791d8a059c27e9c59dad0ea2814b37db3fb58",
"created_at": 1678732358,
"kind": 1,
"tags": [
[
"t",
"inflation"
],
[
"t",
"bitcoin"
]
],
"content": "Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%. \n\nThis, after a 40.8% increase from Feb 2020-Mar 2022.\n\nThat’s right, hiking the Fed Funds Rate from near 0% to ~4.5% rapidly has only resulted in a measly 2.15% reduction in the money supply.\n\nWhatever Consumer Price Index “disinflation” they’re celebrating, the fact remains that there is still 37.8% more money floating around than there was in Feb 2020.\n\nYour wealth is still in the process of being extraordinarily diluted by the scourge of #inflation. In fact, it is already diluted by ~37.8%, you just haven’t fully realized it yet.\n\nTell a friend; buy #Bitcoin.",
"sig": "54bc8bad6e22dbc3d75182d61289b73a27c15fff74f9d5c2272b9579fed3f90c0ff37039d9ecd5249d862f5f4bdcfd67b0b81ed1c91c71eafb32d7d3a1f5cdd7"
}