Hiroko Makoto on Nostr: The jump from 4k to 16k in this chart is not "money printing" just change in ...
The jump from 4k to 16k in this chart is not "money printing" just change in definition of M1. M0 is FED balance sheet. M1 is M0+some other stuff. M2 is M1+some other stuff and supposes to be all the normal money in circulation.
(There was also M3 which was supposed to be M2+other stuff = all the money for real, but I heard FED gave up on that as bankers are pretty creative in money creation :D. )
You can see that M2 did not jump that much on that day (hence just definition change).
Better comparison to the roman situation would be "total public debt"
This actually shows you the future as all public debt comes due some time and will have to be repayed (with even more debt usually..)
(There was also M3 which was supposed to be M2+other stuff = all the money for real, but I heard FED gave up on that as bankers are pretty creative in money creation :D. )
You can see that M2 did not jump that much on that day (hence just definition change).
Better comparison to the roman situation would be "total public debt"
This actually shows you the future as all public debt comes due some time and will have to be repayed (with even more debt usually..)