[Beagle8U]

“it appears that this increase in the money supply has not yet filtered into circulation though. Where is it? who has it and what are they doing with it? I have a theory.”

Where is it? The Gov loaned it to banks at zero interest.

The banks loaned it back to the gov at about 3% interest.

It is right back where it started except now Bronco Bamma is flush with cash to give the leeches free phones and welfare.

[RC one]

then the money velocity graph shouldn’t look like it does and the excess reserves of depository institutions graph definitely shouldn’t look like it does. The money is just sitting there in limbo according to the graphs. If it’s just going to sit there in reserve, what was the point of creating it in the first place? It was like raising the largest army the world has ever seen and then not using them to fight the biggest war the world has ever seen.