Not only is Europe's money supply delfating, Shadow Stats estimates real U.S. M3 growth remains...

|By:, SA News Editor

Not only is Europe's money supply delfating, Shadow Stats estimates real U.S. M3 growth remains well below its ~3% historical trend. So why are we still dealing with inflation? Cullen Roche blames China, noting Chinese M2 has been rising at a 17% annual clip over the last 15 years. While much of this increase can be explained by the country's GDP growth, it still represents a lot of extra cash floating around.