Hello, fellow Rebel capitals, hope you're well.

So I wanted to go over some money aggregates because right now everybody is trying to figure

out if we're going to have a re-acceleration in consumer prices or potentially a

deflationary bust.

So I want to look at what's happening behind the scenes with the banking system and more importantly

with the amount of currency units chasing goods and services or the amount of currency units

available to pay off existing debt and then see if we can

come to some conclusions.

So let's go right over to a chart of M2 Money Supply going all the way back to 1870.

That's right. On most of these YouTube videos, the quote-unquote experts, they say we're going all the way back.

Look at this chart, it goes back to 1992.

It's like, okay, thanks.

Or what the financial planners like to do is go right back to like 1980.

So they just show you the S&P 500 as an example or the returns from the S&P 500

since interest rates have gone from 18% all the way down to 0%.

They say, see, look at that, buy the dip,

it works every time.

Yeah, if interest rates had nothing to do with it. But anyway, we're going all the way back to 1870.

Now, I want you to focus on this black line.

There we go.

And if you can look right about the 40% mark in the chart there's going over,

you can see that the black line goes sub zero. In fact, it did a couple times there in the late 1800s into the

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