Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, we've been seeing the money supply repeatedly contract year over year. The last time the year-over-year (YOY) change in the money supply slipped into negative territory was in November 1994. At that time, negative growth continued for fifteen months, finally turning positive again in January 1996. Money-supply growth has now been negative for twelve months in a row. During October 2023, the downturn continued as YOY growth in the money supply was at –9.33 percent. That's up slightly from September's rate decline which was of –10.49 percent, and was far below October 2022's rate of 2.14 percent. With negative growth now falling near or below –10 percent for the eighth month in a row, money-supply contraction is the largest we've seen since the Great Depression. Prior to this year, at no other point for at least sixty years has the money supply fallen by more than 6 percent (YoY) in any month. (The Money Supply Continues its Biggest Collapse Since the Great Depression | Mises Wire) Merry Christmas.
Here is the M1, M2 and other measures of "money" Federal Reserve Board - Money Stock Measures - H.6 - November 28, 2023 Then, there is money 'velocity' or how fast money moves the economy. Velocity of Money: Definition, Formula, and Examples (investopedia.com). "Economies that exhibit a higher velocity of money relative to others tend to be more developed. The velocity of money is also known to fluctuate with business cycles. When an economy is in an expansion, consumers and businesses tend to more readily spend money causing the velocity of money to increase. When an economy is contracting, consumers and businesses are usually more reluctant to spend and the velocity of money is lower." A contracting M2 and slower 'velocity' indicates a sick economy. that is - headed or in a recession. If unchecked, it leads to 'deflationary pressure' (nobody is spending, for example because of high taxes) and little to no velocity - like the Great Depression.
The election was rigged for Hillery. Likely just a few liberal ran toilets in swing states for insurance/assurance. When Georgia federal judge ruled electronic voting machines are unconstitutional and recommended paper ballets be used a few days later the DNC defunded all federal campaign efforts. Tell us you stole an election without saying you stole the election.
