You guys are on it! I was just Googling for graphs of the money supply last night. I couldn’t find anything quickly that went beyond 2006/2007. Thank you.
Great Post
Why i cant subscribe to your feed?it seems theire are a problem
thank you
Tony says:
April 16th, 2009 at 2:30 pm
I’m listening to Peter Schiff podcast and was looking for chart so thanks.
I don’t understand. Looks like it went from 900 billion to 1800 so wouldn’t each dollar be worth like 50 cents? I’m not seeing a rise in prices (thank goodness). Peter says to get gold in Australia but I don’t know. I just buy FAS since they simply have got to fix the banks before anything else can recover or go up so… go FAS.
Juni says:
June 12th, 2009 at 2:21 pm
Tony, Gold is definitely good to own, but you should buy tangible gold. You have better control of it. If the dollar fails at least you have gold or silver to liquidate. With regards to inflation look at mortgage interest rates. Don’t let them fool you! Comparing lender rate sheets from a wholesale level, you’ll find that rates may be low, but the buy downs are high. You might see rates of 5.5% but at a cost of 1 to 3 points (depending on the lender). Tells me one thing: Investors (banks) are manipulating the market, keeping rates low and enticing customers. The truth is borrowers will need to come up with the money up front to buy the rate down. Without the buydowns, mortgage rates should be 6.5% to 7.0%. Buy Gold before it’s to late.
[...] will come from higher taxes. Also, the U.S. has printed money at an alarming rate. Follow this link to see that in the last year, the federal government printed roughly twice as much money as it did [...]
Ryan says:
August 5th, 2009 at 12:57 am
Hello, That is a dramatic chart, but without additional information it isn’t very valuable. Is it M1 or M2? Is it adjusted for inflation. Also, you can see that at the end, money supply dropped dramatically.
[...] Click here to see the U.S. money supply [...]
Steve Wotovich says:
October 3rd, 2009 at 2:48 pm
It should be noted that this graph shows the M0 or MB money supply which is a narrow measure of bills in circulation and bank reserves, not M1 or M2. While it is a dramatic graph, you have to understand that it simply represents banks hoarding money in reserves during the credit crisis and real estate collapse. You could also look at a related graph which shows the corresponding collapse in the velocity of money. I still think there will be significant inflaiton in 2-3 years based on the 7.7% annual growth rate of M2, but please refrain from misrepresenting the data.
[...] increased the US monetary base by a whopping 120%. That’s right – there is more than twice as much money around today then there was before the collapse of Lehman Brothers last year. So why [...]
[...] increased the US monetary base by a whopping 120%. That’s right – there is more than twice as much money around today then there was before the collapse of Lehman Brothers last year. So why [...]
Paul Winkler says:
October 29th, 2009 at 6:02 pm
Guys, if Steve is right (and his explanation that this is fiat money supply makes sense), then it’s not that big a deal. The vast majority of money supply is not in physical form. Gold has been a horrible investment over the years. It relies on the greater fool concept. Each successive buyer must pay more and, if it goes high enough, mining becomes more profitable and then its value drops.
ziv says:
October 31st, 2009 at 7:19 am
Great chart! It is frightening in its simplicity.
Juni, shop your loan officers harder. I just locked at 5% no points a week and a half ago, and am thinking about buying it down to 4.75% with 1.875 points. I am going to be keeping the property long term so it will be worth it. But if the loan officer knows that they are being shopped, politely, they tend to come down a bit. Yesterday we were at 5.25% no point.
Buydown? Monday I signed a 15 year mortgage at 4.375% fixed, with an upfront cost of 0.625 points.
Nylund says:
October 31st, 2009 at 9:34 pm
When most people talk of the “Money Supply” they usually aren’t referring to the monetary base. what does a graph of a broader measure like M2 looks like?
tgrass says:
November 12th, 2009 at 9:57 am
There’s no inflation because the great majority of Ben’s heli drop of cash was dropped into Ben’s own lap. The bulk of the increase in the monetary base is still held in reserve. If you take the monetary base minus the amount held in reserve you’ll see that the money supply has hardly changed over the course of the stimulus.
[...] Federal Reserve responds by creating “money” out of thin air. The U.S. dollar drops in value nearly every day. What if it becomes worthless?It has happened [...]
Hello just thought i would tell you something.. This is twice now i’ve landed on your blog in the last 3 days searching for completely unrelated things. Spooky or what?
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s top [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s top [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the monetary base has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
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Jeffry Pilcher says:
March 4th, 2009 at 3:37 pm
You guys are on it! I was just Googling for graphs of the money supply last night. I couldn’t find anything quickly that went beyond 2006/2007. Thank you.
6 Tips To help You Make Money With Affiliate Marketing :Net Gone Crazy says:
March 5th, 2009 at 1:49 am
[...] Chart of The US Money Supply 1917-2009 | Charting Stocks [...]
Charls says:
March 5th, 2009 at 8:55 am
Definitely on it goodjob!
Tristan says:
March 18th, 2009 at 7:07 pm
Good chart,
But wouldn’t it be better adjusted for inflation?
ha!
Forex Robots says:
April 13th, 2009 at 3:46 am
Great Post
Why i cant subscribe to your feed?it seems theire are a problem
thank you
Tony says:
April 16th, 2009 at 2:30 pm
I’m listening to Peter Schiff podcast and was looking for chart so thanks.
I don’t understand. Looks like it went from 900 billion to 1800 so wouldn’t each dollar be worth like 50 cents? I’m not seeing a rise in prices (thank goodness). Peter says to get gold in Australia but I don’t know. I just buy FAS since they simply have got to fix the banks before anything else can recover or go up so… go FAS.
Juni says:
June 12th, 2009 at 2:21 pm
Tony, Gold is definitely good to own, but you should buy tangible gold. You have better control of it. If the dollar fails at least you have gold or silver to liquidate. With regards to inflation look at mortgage interest rates. Don’t let them fool you! Comparing lender rate sheets from a wholesale level, you’ll find that rates may be low, but the buy downs are high. You might see rates of 5.5% but at a cost of 1 to 3 points (depending on the lender). Tells me one thing: Investors (banks) are manipulating the market, keeping rates low and enticing customers. The truth is borrowers will need to come up with the money up front to buy the rate down. Without the buydowns, mortgage rates should be 6.5% to 7.0%. Buy Gold before it’s to late.
Distressed Asset Market Update - June 29, 2009 says:
July 2nd, 2009 at 11:57 am
[...] will come from higher taxes. Also, the U.S. has printed money at an alarming rate. Follow this link to see that in the last year, the federal government printed roughly twice as much money as it did [...]
Ryan says:
August 5th, 2009 at 12:57 am
Hello, That is a dramatic chart, but without additional information it isn’t very valuable. Is it M1 or M2? Is it adjusted for inflation. Also, you can see that at the end, money supply dropped dramatically.
A REASONABLE CASE FOR SECESSION – PT 2 | A New American Republic says:
August 8th, 2009 at 1:13 pm
[...] Click here to see the U.S. money supply [...]
Steve Wotovich says:
October 3rd, 2009 at 2:48 pm
It should be noted that this graph shows the M0 or MB money supply which is a narrow measure of bills in circulation and bank reserves, not M1 or M2. While it is a dramatic graph, you have to understand that it simply represents banks hoarding money in reserves during the credit crisis and real estate collapse. You could also look at a related graph which shows the corresponding collapse in the velocity of money. I still think there will be significant inflaiton in 2-3 years based on the 7.7% annual growth rate of M2, but please refrain from misrepresenting the data.
The Economic Balloon | MaverickVoice.com says:
October 16th, 2009 at 8:43 am
[...] money to pay debts over the past 2 years than in the previous 15 years. (Look at this pretty chart: http://www.chartingstocks.net/2009/03/chart-of-the-us-money-supply-1917-2009/) Based upon this information, they’ve nearly DOUBLED the money supply in just TWO [...]
Kered Jaspar says:
October 18th, 2009 at 2:12 am
This is M0, so since inflation is dependent on M1 and M2 we haven’t experienced inflation yet.
Won’t there be massive inflation once the economy recovers and the banks stop hoarding cash?
John Paulson: all his personal assets in gold – VicktorCapitalist says:
October 23rd, 2009 at 10:51 am
[...] increased the US monetary base by a whopping 120%. That’s right – there is more than twice as much money around today then there was before the collapse of Lehman Brothers last year. So why [...]
Gold and eggs « 87th Street Capital says:
October 24th, 2009 at 8:34 pm
[...] increased the US monetary base by a whopping 120%. That’s right – there is more than twice as much money around today then there was before the collapse of Lehman Brothers last year. So why [...]
Paul Winkler says:
October 29th, 2009 at 6:02 pm
Guys, if Steve is right (and his explanation that this is fiat money supply makes sense), then it’s not that big a deal. The vast majority of money supply is not in physical form. Gold has been a horrible investment over the years. It relies on the greater fool concept. Each successive buyer must pay more and, if it goes high enough, mining becomes more profitable and then its value drops.
ziv says:
October 31st, 2009 at 7:19 am
Great chart! It is frightening in its simplicity.
Juni, shop your loan officers harder. I just locked at 5% no points a week and a half ago, and am thinking about buying it down to 4.75% with 1.875 points. I am going to be keeping the property long term so it will be worth it. But if the loan officer knows that they are being shopped, politely, they tend to come down a bit. Yesterday we were at 5.25% no point.
Mark says:
October 31st, 2009 at 9:16 am
Buydown? Monday I signed a 15 year mortgage at 4.375% fixed, with an upfront cost of 0.625 points.
Nylund says:
October 31st, 2009 at 9:34 pm
When most people talk of the “Money Supply” they usually aren’t referring to the monetary base. what does a graph of a broader measure like M2 looks like?
tgrass says:
November 12th, 2009 at 9:57 am
There’s no inflation because the great majority of Ben’s heli drop of cash was dropped into Ben’s own lap. The bulk of the increase in the monetary base is still held in reserve. If you take the monetary base minus the amount held in reserve you’ll see that the money supply has hardly changed over the course of the stimulus.
The reason more money is held in reserve? The Fed started paying interest on it in October 2008.
http://www.federalreserve.gov/monetarypolicy/20081006a.htm
Mooney says:
November 16th, 2009 at 4:00 pm
Making money is not an easy task. It needs patience, tricky mind, focus, right moment and lots
Gold is Money « The Christie Notes says:
December 2nd, 2009 at 11:18 pm
[...] http://www.chartingstocks.net/2009/03/chart-of-the-us-money-supply-1917-2009/ [...]
The U.S. Will Never Be Able To Pay Back Its Debts. | PowerWealth.com says:
December 5th, 2009 at 9:11 pm
[...] if it freely chooses to do so — multiply the size of its money supply and credit facilities (see http://www.chartingstocks.net/2009/03/chart-of-the-us-money-supply-1917-2009/). such that the purchasing power of the currency issued by the government falls, say, in half? In [...]
Preparing for the worst says:
December 8th, 2009 at 12:52 pm
[...] Federal Reserve responds by creating “money” out of thin air. The U.S. dollar drops in value nearly every day. What if it becomes worthless?It has happened [...]
Two pet peeves - CoinTalk says:
January 4th, 2010 at 1:00 pm
[...] take a look at these charts. http://www.chartingstocks.net/2009/0…ply-1917-2009/ http://bigpicture.typepad.com/commen…_the_we_2.html [...]
tyler says:
January 18th, 2010 at 11:41 am
Paul winkler’s a fool. “Gold has been a horrible investment for years”. Golds gone up over four hundred percent since 2001 get a clue guy.
Glenn Mezzanotte says:
February 12th, 2010 at 7:19 pm
Hello just thought i would tell you something.. This is twice now i’ve landed on your blog in the last 3 days searching for completely unrelated things. Spooky or what?
Dow closes over 11,000 - Page 2 - US Message Board - Political Discussion Forum says:
April 14th, 2010 at 6:21 am
[...] for yourself Chart of The US Money Supply 1917-2009 | Charting Stocks __________________ What would a Patriot [...]
John Galt says:
May 6th, 2010 at 1:35 am
It appears obvious that an increased money supply causes global warming, based on the hockey stick graph.
10 Signs The U.S. is Becoming a Third World Country « The Bmoresound says:
August 16th, 2010 at 9:56 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs The U.S. is Becoming a Third World Country : says:
August 16th, 2010 at 12:21 pm
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
Indicators the U.S. Declining into 3rd World | DarkGovernment says:
August 16th, 2010 at 2:12 pm
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
Ten Signs the U.S. is Becoming a Third World Country « COALITION OF THE OBVIOUS says:
August 16th, 2010 at 6:54 pm
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
The Truth Or The Fight » Blog Archive » 10 Signs The U.S. is Becoming a Third World Country says:
August 16th, 2010 at 7:46 pm
[...] circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs The U.S. is Becoming a Third World Country « says:
August 17th, 2010 at 12:44 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs The U.S. is Becoming a Third World Country | Dark Politricks says:
August 17th, 2010 at 5:00 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs The U.S. is Becoming a Third World Country « Vince's Economic Blog says:
August 17th, 2010 at 5:46 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s top [...]
10 Signs The U.S. is Becoming a Third World Country says:
August 17th, 2010 at 8:23 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs America Becoming a Third World Nation - Expedite Trucking Forums says:
August 17th, 2010 at 7:54 pm
[...] [...]
10 Signs The U.S. is Becoming a Third World Country | Ron's Matrix Sentry says:
August 18th, 2010 at 7:27 am
[...] circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s top [...]
10 SIGNS THE U.S. IS BECOMING A THIRD WORLD COUNTRY | TFL True Forced Loneliness Isolation Romance Dating Love Advice says:
August 18th, 2010 at 7:29 pm
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs The U.S. is Becoming a Third World Country | USAHitman | Conspiracy News says:
August 20th, 2010 at 8:08 pm
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s [...]
10 Signs the U.S. is Becoming a Third World Country « Defund & Disobey says:
August 22nd, 2010 at 9:59 am
[...] in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the monetary base has spiked literally off the charts. It can be argued that the dollar has become America’s [...]