RUNAWAY "BALLISTIC" INFLATION. Nightmare Trouble Ahead.
From Greg M
Lions.
This is how SEVERE the current issue is with central banks now inflating the world money supply at a pace which has never been seen before. (Keep in mind, this is going on at the same time that the world economy is contracting at its fastest pace on record).
The Global Broad Money Supply Reached $129 Trillion in December 2023. Global broad money supply increased from $26 trillion in 2000 to $129 trillion in 2023. During this period, the global money supply grew by 4.9 times, nominal GDP by 3.1 times, real GDP by 2.2 times, and the Consumer Price Index (CPI) by 2.6 times.
As I have explained REPEATDLY. Inflation is a MONETARY POLICY ISSUE! And monetary policy is dictated by central banks. In this case, the Federal Reserve. This issue is about to get EXPONENTIALLY worse starting on Wednesday, yes, THIS Wednesday.
GM
thank you for the Update Greg.........muchly appreciated
Mike Maloney made a good point that while there have been many fiat currencies throughout history, this is the only time that every country has been on a fiat system simultaneously