BREAKING: Global broad money supply surged +$10.7 trillion YoY in June, or +7.7%, to a record $150 trillion. This marks the 9th consecutive YoY increase above +7.0%, the longest such streak since 2021. The biggest increase over this period was recorded in February 2026, at +11.9%. Since 2000, global money supply has risen +$124 trillion, a +6.9% compounded annual growth rate over this period. Since 2020 alone, money supply has surged +$50 trillion, or +50%, equivalent to an average increase of ~$7.5 trillion per year. Global money creation is expanding at a historic pace.(The Kobeissi Letter)