Feds are out of moves. People wondering why inflation is raging need to look no further than looking at the current money supply. M2 is the Feds estimate of the total money supply in circulation, including all the cash people have on hand plus all the money deposited in banks across the US. This number has jumped considerably since COVID, an estimate of about 40 percent of all supply has been printed since COVID, obviously most of it in the form of stimulus that was much needed during the shutdown to keep the economy on life support. Now we have a HUGE debt problem.

COVID essentially ripped the bandaid off the debt problem that started accelerating due to the 2008 financial crisis. Sure they put in some oversight on mortgages and lending, but all they did was bailout overleveraged lenders which in turn started accelerating our debt issue. These issues were masked in the last decade when we went through a "golden period" of historically low interest rates. Our debt today is about to cross the $36 trillion mark, which is about 125 percent of our GDP. This is increasing at nearly 3 billion dollars per day, which is exactly why the Feds had no choice but to hastily lower interest rates by 50 bps in September despite inflation remaining elevated. I believe this was extremely premature from an inflation standpoint because although the data was declining YOY, there wasn't enough data points to warrant a larger 50 bps cut. In fact, inflation metrics were revised in the last decade to make the numbers look better than they are historically.

In 2022, the Feds tried to pull back on the money supply to help control inflation. But they can't run the country now or service the debt without printing more money. Thus, the money printer has been turned back on and supply has been increasing again in the last two years. I guarantee you inflation will start to acccelerate and rear it's ugly head again in the next few months. The Feds are out levers to pull at this point. It will be impossible to balance inflation and continue servicing our debt. The overleveraged lenders in 2008 will look like a papercut compared to overleveraged banks (and our entire country) in today's climate.

Short theory is about to get tested and this is exactly what management is planning for with the 💥. All you haters crying about RC not doing anything with the cash or revealing his plans now are extremely shortsighted. Do you want him to buy assets at these elevated prices? Do you want him to reveal their strategy to everyone now or keep their cards close? They are waiting for the opportunity that is around the corner and are tight lipped about it.

Hopefully the 💥 leads to the 🍻, where management will start going shopping for depressed assets and we apes start shopping for depressed stocks. Trust the process, trust our community, and trust RC/RK who are invested in this more than any of us.