The Truth About Money
If you were ever fortunate to hang out with William Blount aka WB within about an hour to two hours he would have told you to go over to the Saint Louis Fed and pull up a velocity M1 money supply chart. That will give you a true report card on how the current administration is doing.
Now I'm not an economist or a financial scholar with a Magna Cumme Laude? but what WB said made a lot of sense. Not that I know one but I do know a rocket scientist and a jet propulsion girl (and I got some distinct kin on the space program).
The best handle I can get is the velocity of money is the frequency where one dollar is used to buy stuff made here within a given time. The number of times one dollar is spent to buy goods and services in a set unit of time. If the velocity of money is increasing, then more transactions are occurring between folks in the current reality.
Now like I said I do not build rockets for a living I trade for a living so take this for what it worth. You can not carry more than $250 in your picket for insurance if you expect to be reimbursed for your loss. And most folks pay with a credit card or with their smartphone bill pay. So, it seems to me that a graph is going to be on a constant slippery slope? The use of currency is slipping by attrition.
Then factor in the inability to make large depots of cash in a US Bank or else you get put on a SCARS list for Sumurfing in this current reality and then on the to next! So what are those
I'm just a trader--in the world but if you want to speak to an economist or at least read a thesis on the "Liquidy", Monetary Policy and the Financial Crisis: A New Monetarist Approach" the check out:
Ok in the argument above I forgot to add the bitcoin which you now can add to your IRA.