I discussed this on @kr's post yesterday. It is insane and it is accelerating.

M2 did explode a few years ago, but this is not it. M2 is up 3.8% in the last year, which is really pedestrian compared to 2020.

important to note the y-axis on this chart.

M2 in dollars from the 5 Most Traded currencies also… USD, CNY, EUR, JPY, GBP…

Didn't know about this but had already saw the btc/cad chart and notice being already close to an ATH. So yeah i just assumed CAD printer was getting into speed. BTC is the true metric of currency de basement. Other currencies are in the same situation, on their way to hyper inflation. The yen is also close to an ATH.

If you look here, you'll see the rapid increase in 2020 and after a bit of tapering off the rate of change (slope) increasing again. They can't escape the mathematical need to service the debt, especially after raising rates.

The initial spike and real damage done was back in COVID lockdown times. They printed more than US, other central banks.

Been watching M2 in South Africa too it's up 6.3% YOY, the race to debase just keeps doing bigger numbers each year its crazy how people don't take this into account when they're measuring their investments and pricing simple things like their own labour.

The US/Can exchange rate is going to get nuts.