That’s the US money supply as of November 2025.
Up 4.3% this year. 21 straight months of expansion. A new all-time high. Now $570 billion ABOVE the March 2022 peak that sparked 9% inflation.
But here’s what they won’t tell you: Real M2, adjusted for inflation, rose only 1.5%.
That’s not a rounding error. That’s your purchasing power being siphoned in broad daylight.
Since 2000, money supply has grown 6.3% annually. Your wages didn’t. Your savings didn’t. Your rent as hell did.
Veloxity sits at 1.2, the lowest since the 1930s. Money isn’t circulating. It’s pooling. In money market funds earning 5%. In bank reserves collecting interest. In asset prices you can’t afford. The system pays the wealthy to hoard while printing to infinity. This isn’t inflation. This is architecture.
When velocity reverses. and it always does, the $22 trillion overhang doesn’t disappear. It releases. Into yields. Into rents. Into everything priced in dollars. The inflation you felt in 2022 was the appetizer. The money supply just set the table for the main course. M2 YoY turns negative. Until then, every dollar you hold is a melting ice cube. Where does the dilution land next? Your mortgage rate, your grocery bill, or your paycheck?
The answer determines who survives.
Sincerely,
Pele23
