BREAKING: US M2 money supply surged another +4.8% YoY in August 2025 to a record 22.2 trillion. This marks the fastest pace since July 2022, in-line with a +4.8% YoY increase in the prior month. US money supply has now grown for 18 consecutive months. Furthermore, inflation-adjusted M2 rose +1.8% YoY in August, posting its 12th-straight monthly increase. The US Dollar’s bear market continues.(The Kobeissi Letter)