Stagflation Fears Grow as Prices Rise Despite Plunging Money Supply

New data shows money supply growth rate turned negative for 3 quarters, which hasn't happened since the Great Depression. Prices are still rising despite the collapse in money supply.

Reduced money availability due to Fed policies and Biden's inflationary spending has put strain on families, with bottom 80% income earners having less savings than before pandemic.

Higher prices and reduced money has caused dependence on credit cards and consumer debt, with US credit card debt topping $1 trillion for the first time.

Current battle in Congress over spending deals. Reducing spending necessary to curb inflation before it's too late.

Combination of high prices and low money supply growth puts US economy on thin ice. If prices don't fall due to reduced spending, massive economic crisis looms.