M1 Money Supply Has Been Horribly Abused by Democrats/Biden

M1 money supply (you can google for the definition) has been exploded by Biden/Democratic misguided "easy money" policies intended to ease the effects of COVID-19 (or at least this puts a charitable construction on the terrible damage that Biden and company have caused). Money supply has been increased to a level 3 to 6 times (!?) what it was Pre-Biden. This has been done even though the economy (by GDP or 'better' measures) has been only growing at a fraction of that amount. Huge money growth vs smaller real wealth growth implies that we will get price level increases, as sure as "God made little green apples"-- Inflation is due to arrive in a terrible tsunami, that Democrats will try to blame on Republicans (and vice versa). We have seen the first of this in recent large uplift in inflation measures... more is yet to come.

In the past, Democrats have "gotten away" with large irresponsibility in this respect, because there was (had been) constantly increasing demand by foreign powers and banks to hold dollars rather than gold or something else as "bank reserves". Much of the "excess money supply" that would have otherwise driven inflation in the past, was soaked up by increasing dollar demands of foreign powers and/or foreign enterprises of various stripes.

Unfortunately China is now on the international scene and is "paying" other countries to use its currency as a base exchange and reserves, often in place of dollars. It is essentially impossible to predict to what extent China succeeds or is succeeding, but one can say that huge explosions (such as 3 to 6 times) in money supply are much more risky and likely to cause inflation than before, in the recent past (say the last 25 years or so). If you have savings that are fluid and changeable, it is prudent to consider asset-protected investments such as gold funds or real estate, etc. It is time to re-balance those portfolios!

If you are (as I am) soon to enter retirement and your time of fixed income, why then may God have mercy on your poor, doomed soul.