Hello fellow Roboc capitalists hope you're well. So lately we have been discussing how a lot of the new data we have seen come out looks very similar to the GFC in 2008, but now we're taking it one step further. We're seeing data that doesn't look just like the

GFC. It looks like the 1930s Great Depression. And I wish I was overstating this. I wish I was exaggerating this.

Unfortunately I'm not. Let's go right over to this chart of M2 Money Supply

and you'll see exactly what I am referring to. I just stumbled across this today and I was like,

whoa, this is when you kind of, your jaw hits the ground and you're like this is a big deal like I didn't realize it was this bad this

chart is I need to first and foremost give full credit to this website because it is phenomenal. It's long-term

trends.net. I see very few people use this as a resource but I've actually

gone through and checked the sources that they use and for their M2

money supply specifically I've cross-reference that with Milton Friedman's book

the a monetary history of the United States.

Josh, can you please confirm that that's the title of the book?

It's the one he did with Anna Schwartz.

It's most people, even people that don't like Friedman,

recognize that that's like the foremost authority

on money supply data in the United States

going back to the late 1800s.

So I've crossed referenced these charts and the data in long-term trends with Milton Friedman's book that he wrote with Anna Schwartz and it's very consistent.

So anyway, let's focus on this black line.

The red line is actually CPI,

which is another interesting topic.

But let's look at this black line.

I'm gonna go ahead and highlight it here.

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