As you will see below, the size of the monetary base in the United States has gotten more than six times larger since 2008.
As you can see from the chart below, the size of the monetary base went from less than a trillion dollars in 2008 to nearly six trillion dollars today.
The size of the monetary base started to go back up in early 2023, and now it is rising very sharply once again.
Today, U.S. consumers are 17 trillion dollars in debt, corporate debt is at the highest level ever, state and local governments are drowning in debt, and the federal government is 34 trillion dollars in debt.
As Jim Quinn has aptly observed, it now "Requires $1 trillion of new debt every 100 days to achieve nothing but remaining static economically".
From the founding of our nation, it took more than 200 years before the U.S. was a trillion dollars in debt.
Now we are adding a trillion dollars to the national debt approximately every 100 days.
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