Global money supply out of control: The global money supply has now surged to a record-breaking $45 trillion. China's M1 money supply has simultaneously risen to $16.5 trillion, hitting an all-time high. This year's global money supply growth is primarily driven by China. China is currently the world's largest producer of narrow money, accounting for approximately 37% of the global total. Meanwhile, the U.S. M1 money supply (excluding savings deposits) has climbed to a record $8 trillion, making up about 18% of the global total. Global liquidity continues to expand.