US M2 money supply rises another +4.3% YoY in November 2025, to a record $22.3 trillion.



This marks the 21st consecutive monthly increase.

Money supply is now $400 billion above the March 2022 peak.

Since 2000, money in circulation has grown at an average rate of +6.3% per annum.

Meanwhile, inflation-adjusted M2 rose +1.5% YoY in November, marking its 15th-straight monthly increase.

The US Dollar's purchasing power is deteriorating

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