New Stimulus Package On The Road to Hyperinflation
Channel: The Nomad Economist
Date: 22/12/2020

New Stimulus Package On The Road to Hyperinflation
In its last meeting of 2020, the Federal Reserve made it clear the easy-money spigot will remain wide open into the foreseeable future. During his post-meeting press conference, Federal Reserve Chairman Jerome Powell seemed clueless about the ramifications of this policy – particularly the impact of inflation. 
The money supply grew by 37.08% year-on-year in November based on the True Money Supply Measure (TMS). It was effectively the same rate of growth we saw in October and remains near September’s all-time high rate of growth.

The staggering growth in the money supply becomes more clear when you compare this year with last. TMS growth in November 2019 was just 5.9%.

The TMS set all-time records eight straight months leading into October. September’s record rate was 37.54%. October’s year-on-year growth came in at 37.08%, the same as November’s

While the TMS metric fell just shy of a ninth straight record month in October, the M2 growth rate did reach historic highs that month and then set another record in November. It grew 25.07% last month compared to October’s record growth rate of 24.17%.

And there is no sign that money creation is slowing down. According to Fed data released on Dec. 18, M2 surged by $228.1 billion in the preceding week. In other words, the Fed created over $228 billion out if thin air in just one week.

For the full transcript go to https://financearmageddon.blogspot.com
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