Fed Printing

This uptick in base money supply is no longer dismissible as an artifact or a random miscalculation, and seems to be trending skyward.

For the past year the Fed has been trying to save markets by enhancing liquidity. As this economic machine has reached credit exhaustion where liquidity measures have little further effect, now the Fed is turning to printing to unfreeze the economy. If they print enough, the U.S. dollar collapses. This is not a safe market for anyone or anything.

The solution to the current market freeze is to lower prices. There is only one alternative: to inflate the dollar.