BREAKING: Global broad money supply surged +$13.6 trillion YoY, or +10.4%, in December 2025, to a record $144 trillion. This marks the 3rd consecutive monthly acceleration in growth. Since 2000, global money supply has risen +$118 trillion, a +7.0% compounded annual growth rate over 25 years. Since the 2020 pandemic alone, money supply has surged +$44 trillion, or +44%. The fastest increase over this period was recorded in February 2021, at +18.7%. Global money creation has never moved this fast outside of a crisis.(The Kobeissi Letter)