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@ mattaroo
2025-05-31 15:56:13
The USA by the numbers:
Instead of being evidence of healthy growth in productivity driven by new investments (from accumulated savings), the US map looks like an inflationary boom driven by debt.
Total M2 money supply in he US has grown 158% this century.
Total federal government debt has grown by 560% since the start of the new millennium, from $5.6 trillion to $37 trillion.
Total debt–public, private, and corporate–has grown 281%, from $26.8 trillion to $102.2 trillion.
Household net worth data from the Fed says US households are 290% richer this century, from $41 trillion to $160 trillion.
This isn’t a history-making boom. It’s an inflationary asset bubble pumped up by record debt accumulated at historically low interest rates (which are now moving up).
Source: Bonner Research