Global Money Supply Out of Control: The global money supply has now reached a record $45 trillion. China's M1 money supply has risen to $16.5 trillion, a historic high. China is currently the world's largest producer of narrow money, accounting for about 37% of the global total. Meanwhile, the M1 money supply in the United States (excluding savings deposits) has reached a record $8 trillion, accounting for about 18% of the world's total. Global liquidity is increasing. However, currently, this liquidity is entering the U.S. stock and precious metals markets, with only a slight overflow into Bitcoin, primarily because the narrative in the cryptocurrency space has been debunked; the market lacks good narratives, not funds.