None of that helicopter cash has gone anywhere but to the big banks and big investor class. Why would velocity increase? It’s been horded. Greatest welfare handout of all time. Think any of them look at themselves as welfare queens? LOL. If JPow didn’t print like crazy the Dow was headed for 8k. I suppose it was necessary but then again, all the cost won’t be born by them will it? That’s the problem. J made the rich much richer and the rest will pay for it. And when these fucking pigs are asked to pay more they will whine and have a hissy fit. It disgusts me, and I’ve never voted for and never will vote for a Democrat. But I also will never vote for a Republican again until Mitch is gone. Or Trump runs again. Fuck them all, they all should thrown into the ditch.
It won’t increase until it starts to become clear to people that the money in their pockets is no longer a guarantee of getting goods and services. I don’t think we are going to get a ramp up of velocity in the same way it happened in Weimar Germany. Instead we will get a rapid currency collapse which usually comes at the end of hyper inflation.
If one Bitcoin can now buy a Lamborghini, then we definitely have price inflation. Even looking at the PM market which is constrained by jiggery pokery of paper manipulation - PM have continued to increase in value against all currencies.
Tides going out. Interesting times.