BREAKING: US M2 money supply surged +$102.8 billion in July, to a record $23.22 trillion. This marks the 27th consecutive monthly increase. Since the start of 2026, M2 has now risen +$862.7 billion. Furthermore, money supply now stands $1.43 trillion above the March 2022 peak. Since 2000, money in circulation has grown at an average annual rate of +6.3%, or ~$700 billion a year. US money creation is expanding at a rapid pace.(The Kobeissi Letter)