Key English Portuguese (Brazil)
00:08:42.399-->00:08:45.014 in circulation in their particular currency. in circulation in their particular currency.
00:08:45.117-->00:08:47.269 Here, I've normalized the amount of money Here, I've normalized the amount of money
00:08:47.279-->00:08:48.470 in every country to be in every country to be
00:08:48.480-->00:08:51.670 equal to 1 on January of 2020. equal to 1 on January of 2020.
00:08:51.680-->00:08:53.670 There's this hockey stick shape to this There's this hockey stick shape to this
00:08:53.680-->00:08:56.710 curve of how much money is circulating. curve of how much money is circulating.
00:08:56.720-->00:08:59.479 In the United States, the M1 expansion has been In the United States, the M1 expansion has been
00:08:59.480-->00:09:02.239 to the tune of about 1.33 trillion dollars -- to the tune of about 1.33 trillion dollars --
00:09:02.240-->00:09:03.642 which amounts to a which amounts to a
00:09:03.643-->00:09:04.962 increase in the money supply of about increase in the money supply of about
00:09:04.963-->00:09:07.269 300 million dollars per hour. 300 million dollars per hour.
00:09:07.279-->00:09:09.110 Now, if you compare this to, for example, Now, if you compare this to, for example,
00:09:09.120-->00:09:10.870 the market cap of Monero -- that's the market cap of Monero -- that's
00:09:10.880-->00:09:13.276 something on the order of one and a half billion -- something on the order of one and a half billion --
00:09:13.277-->00:09:15.269 so the money supply of the U.S. so the money supply of the U.S.
00:09:15.279-->00:09:19.039 expanded by the size of Monero's market cap, expanded by the size of Monero's market cap,
00:09:19.040-->00:09:20.852 roughly five times every day roughly five times every day
00:09:20.853-->00:09:23.181 for the last six months. for the last six months.
00:09:23.839-->00:09:26.310 Let's broaden our focus to not just the Let's broaden our focus to not just the
00:09:26.320-->00:09:28.639 eight countries in the G20 that have reported eight countries in the G20 that have reported