Since 2008, U.S. M2 money supply has roughly tripled, while the purchasing power of the dollar has fallen about 38%. (M2 includes cash, checking and savings deposits, and other easily accessible money.)
The relationship is hard to miss. As more money enters the system, each dollar buys less. The post-2020 surge makes the trend unmistakable.
Central banks’ purchases and repatriation of gold are on the rise, and both should be viewed as a symptom of deglobalization. They signal the advent of a more geopolitically fragmented world in which cross-border transactions of all kinds are poised to become more difficult and costly.
On Wednesday, the Senate Committee on Homeland Security and Governmental Affairs, chaired by Sen. Rand Paul, R-Ky., heard the testimony of subpoenaed CIA whistleblower James Erdman III, who alleged the federal government suppressed inquiries into the origin of COVID-19.
Critics have said Hamas has engaged in a propaganda war intended to “provoke outrage, shift public opinion, and pressure Israel through foreign governments and media.”
Protests have dogged Cities Church, an evangelical Reformed congregation affiliated with the Southern Baptist Convention, since Immigration and Customs Enforcement surged to the Twin Cities.
