by Dave Kranzler
GoldSeek
“April 2021 money supply and monetary base growth continued to explode” – John Williams, Shadowstats.com
Williams is referencing the “base” monetary aggregates which are compiled monthly. The Fed’s balance sheet grows by the week, hitting $7.922 trillion as of May 19th. It’s doubled plus another 13% since September 2019, when “QE” was restarted. The Fed has been printing money and buying Treasuries and mortgages at rate than the assumed $120 billion per month. But the mainstream media fails to report that the policy statement reads “at least $120 billion per month.”
The rate of growth in the money supply is unprecedented in history. It showed up first in the financial markets: stocks, bonds and housing prices (yes, because most homes are purchased using a high loan-to-value mortgage, homes can be considered financial assets). Now the devaluation of the dollar is showing up – uncontrollably – as price inflation across goods and services.