The FED just updated their series and MODIFIED the past year of data to reflect an 18 trllion monetary base. I'd like to know why their data was only showing 6 trillion until today. Maybe it's a bug? Maybe it's real? Who even knows anymore. Cash = trash
Money velocity in orange, base supply in blue.
Here's the source of series:
fred.stlouisfed.org/series/M1SL
Money velocity in orange, base supply in blue.
Here's the source of series:
fred.stlouisfed.org/series/M1SL
fred.stlouisfed.../release/tables?rid=21&...
Sooo what happened? Seems like we're being left in the dark here.
Bitcoin to 1 million i guess.