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Ripple Effect

A Modern Money Crisis

Loading ...Addison Wiggin

September 5, 2025 • 1 minute, 35 second read

goldM2 money supply
A Modern Money Crisis

Gold in 1980 and 2011…

Bitcoin in 2014, 2017, or 2021…

Even GameStop shares in 2021…

If you see an asset going parabolic, it’s time to take money off the table.

There’s no telling when that parabola will stall out – and give back its gains.

Today, the obvious parabola? Well, it’s money itself:

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Soaring money supply growth is screaming danger for fiat currencies (Source: Eric Yeung)

A spike in money supply typically occurs during a crisis. Not when the economic vibe is simply “uneasy” and bullish.

Today’s graph strips away delusion. A massive quantity of fiat money is propping up the stock market and global economy.

That’s a trend that cannot last.

~ Addison

 

P.S.: This surge in money supply growth explains why gold has also spiked.

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The gold price this morning (Source: Google Gemini)

The Money Supply – M2 – makes up one of three causes we have identified for today’s record high gold prices. For the full research presentation on our forecast should current trends continue, click here.

P.P.S. “Bitcoin is more speculative than Ethereum,” declared Ian King on Grey Swan Live! yesterday. It was only one of the provocative statements he made while walking us through the wild west of crypto assets yesterday. Thank you, if you were in attendance. The full reply can be found on the Video Archives section of our website for Grey Swan members, here.

If you want to gain access to this video and more, click here for details.

Spoiler alert: The “use-case” for Ethereum as the backbone of a free market in tokenized assets is quite convincing. And compelling. You owe it to yourself to understand decentralized finance (DeFi) now. “It’s as powerful a disruptive innovation in banking as Netflix was to Blockbuster in the movie industry,” Ian asserts.

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If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Musk Wins Powerball (No Ticket Required)

September 5, 2025 • Addison Wiggin

The global bond market is screaming.

This week, 30-year yields hit multi-decade highs across the U.S., UK, Germany, and Japan.

America’s 30-year briefly touched 5.0% — levels last seen in 2007. Japan’s long bond is at its highest since it was first issued in 1999. Europe’s long paper is flirting with crisis-era yields.

Why? Heavy borrowing, fiscal deficits.

In just two months, U.S. federal debt has surged by $1 trillion. Since mid-August alone, $200 billion has been tacked on.

Musk Wins Powerball (No Ticket Required)
Told You So: Trump’s Top Adviser Just Confirmed the Reset

September 5, 2025 • Lau Vegys

Miran is outlining a radical plan to flip the U.S. dollar’s reserve status from a burden into a bargaining chip. To turn America’s towering debt from an embarrassment into leverage. And to reorient the entire global economic structure in Washington’s favor—while they still can.

Now, if you read through Miran’s 40-page paper, you’ll quickly realize he left a lot of other ingredients out (some of which actually make the plan far more realistic). It’s a speech, not a doctoral thesis, after all.

Told You So: Trump’s Top Adviser Just Confirmed the Reset
The Frontier of Pax Americana

September 4, 2025 • Bill Bonner

In the early days of the Roman Empire foreign conquests brought glory, booty, and slaves. People were happy to be a part of it.

But after 100 AD the conquests largely ended. And as time went on managing the huge empire — with its far-flung garrisons and expensive bureaucracy — became less and less profitable. Taxpayers were squeezed harder and harder to pay for it.

Roman-era feds had their tricks too. The basic coin of Rome — the denarius — was inflated away. It came to be worth so little that even tax collectors wouldn’t take it. In 212, Caracalla expanded the tax base by giving Roman citizenship to all free men in the empire. But the squeeze continued.

Gradually, the small farmers — who had been the backbone and muscle of the empire — were forced to abandon their land…and even sell their wives and daughters into slavery in order to keep them alive. Gradually, too, Roman society became decadent, corrupt…and brutal, with more and more resources devoted to the war industry.

The Frontier of Pax Americana
When Bad News Is Good News

September 4, 2025 • Addison Wiggin

Goldman warns of stagflation lite: commodities rising while bonds and equities sag.

Grey Swan events will push it further: tariffs, energy bottlenecks, and geopolitical tensions will spark bursts of inflation — but in an economy this fragile, demand destruction follows quickly.

The Fed’s instinct is predictable: cut rates anyway. Trump and Treasury Secretary Scott Bessent are counting on it.

The odds of a 50-point cut have grown dramatically with the weak jobs data. If Powell delivers, capital will stampede into equities to escape inflation. The outcome? The most terrifying bull market in history, a crack-up boom where prices soar not on fundamentals, but on fear of being left behind.

When Bad News Is Good News