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/biz/ - Business & Finance

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30322457 No.30322457 [Reply] [Original]

Money Supply went from 6 Trillion pre-pandemic to now...300 Trillion; bitcoin to the fookin moon

>> No.30322577
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30322577

>>30322457
they took a 300 trillion loan out of value of your savings.. and they gave you.. 600 bucks? I should start a bank to get in on this

>> No.30322598

>>30322457
This is healthy inflation you imbecile

>> No.30322655

>>30322457
1-2% goy. Right on target for a healthy economy.

>> No.30322672

>>30322457
You realize that they're going to find things people sink that extra currency into and just... devalue them, right? Maybe even the currency itself.

>> No.30322902

>>30322457
I dont think thats correct

>> No.30322969

how is it not correct? look at the chart for yourself; reddit fag

https://fred.stlouisfed.org/series/M2?fbclid=IwAR3k0Ijk8Wbmjl_cOVjPeVjEbuhJB3kQRohrhLIbr7GwnmhO4XOMe0DU_8Q

>> No.30323116

this was in Jan-21 as well, its even worse now

>> No.30323202

Nobody cares about paper money.

>> No.30323263

>>30322577
what's 600(US Population)?

>> No.30323291

just temporary to easy possible liquity issues

>> No.30323316

the joos have arrived

>> No.30323443
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30323443

>>30323263
600*300 million (population) = 180 Billion. So where did the 300 Trillion come from??? Is this even real?

>> No.30323482

>>30323263
About 210 billion. Less than one quarter of one trillion dollars.

>> No.30323767

read about bank reserves, deflation, liquidity traps to get a sense of the counterargument.

>> No.30323902

money velocity is more important than money supply. Currently the m2 money velocity is close to 0. (last update from the fed was early last year and it was close to 1)

>> No.30323918

>>30322577
The treasury gave you 600 out of tax revenues. Not FRB
They are right btw, when Reg D was repealed, savings accounts which were formerly M2 became M1 and thus M1 spikes violently although the total money stock is not different.
They did print/expand the monetary base but it wasn't to as drastic a degree as described in the OP.

>> No.30323967
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30323967

You need M2 for context. They conveniently changed the definition for M1 in May 2020, and it didn't go into effect until December. You are using the deprecated stats. M1 inherited the category "savings deposits (including money market deposit accounts)" from M2. M2 remains unchanged, in that sense.

>> No.30323978

>>30323443
They changed the formula to include more stuff and everyone is pretending this is the end of the world.

Honestly they might be hiding something, but this is a result of changing how that graph is calculated.

>> No.30324136

>>30323902
This. When velocity kicks off rhen inflation is beyond control. Sensible way to prepare would be diversifying into phys gold/silver + BTC (ETH + alts too) + pref some (farm)land

>> No.30324372

>>30323902
that's because the money is staying in the financial space, when there will be a panic sell all the money will spread everywhere in the economy and inflation hedges will moon into jupiter completely uncorrelated from the halving cycles

>> No.30324548
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30324548

>print money
>hand out a tiny percentage of it as cheques
if you and I don't get the money, and it's locked up in the financial system, how will it cause inflation?
fiscal stimulus is there as aid to make up for what was lost. further, look at it from a micro-perspective, will people buy an extra tv or extra cans of tuna because of the cheque? I don't think so, they purchasing habits will remain the same.
it will continue to do what it always has - inflate assets and "rare" items rather than everyday goods and services.
>>30324136
>>30323902
Velocity of money is just gdp divided by m1 or m2.. sounds fancy but it's not even a special indicator. and look at the long term trend, covid just accelerated it. you might get a quick inflationary rebound for a year but the trend is down.

>> No.30324559

>>30323978
>they might be hiding something
Kek woah there, that's pretty antisemetic, anon

>> No.30324576

They included money in money market accounts to define the M1 supply - it's just a change in definition.

>> No.30324614

>>30324372
you're assuming two things
1) that most people come out on top and realize gains rather than losses
2) that they will spend their gains rather than hoarding it as most people do in a liquidity trap

>> No.30324693

surely thats not correct

world wealth is what, 400T? no fucking way they're printing 300T. are they counting derivatives or some bullshit?

>> No.30324712

Experts say why hyper inflation is a good thing and how you BTC will drop to the price of a rock.

https://www.investopedia.com/are-we-in-for-a-hyperinflation-5093627

>> No.30324748

Those are percentages you idiot

>> No.30324891
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30324891

>>30322655
>>30322598
>shitposting this hard

>> No.30325049

>>30322457
are they getting their data from chainlink or something? seems like someone typoed INR instead of USD

>> No.30325199

>>30324614
it doesn't matter, sooner or later the money spreads in the economy and with that amount this time, it will fuck up the economy and consumer prices
your case is the best case scenario and it wouldn't even be a good scenario