In May 2025, the M2 money supply in the US reached nearly $22 trillion, a level not seen since the 2020 crisis injections. Although the financial markets are basking in all-time highs, cracks are appearing in the fundamentals: economic growth is stalling, inflationary pressures are mounting and the national debt is growing so fast that the budget deficit is panting to nearly 9 % of GDP. The US central bank is holding interest rates at around 4.5 % for now, fearing even higher rates, while politicians such as President Trump are calling for interest rates to flow back to 1 % and the removal of any debt ceiling. This creates a dead-end debate between stimulating growth and protecting price stability.
At the same time, through a shortcut less long-term government bonds, more short-term debt securities is quietly deploying a political tool known as yield curve control. This keeps borrowing costs low, but exacerbates the tension between cheap credit and rising inflation. Investors feel compelled to divert to gold and silver, while safe currencies like the Swiss franc and the Japanese yen lose ground. In Switzerland, interest rates even dropped to 0 % recently as prices fell slightly.
Digital assets, meanwhile, are also taking part. Spanish megabank BBVA is advising wealthy clients to put part of their portfolios in crypto, and Belgian major bank KBC will soon offer direct trading in currencies like Bitcoin. In the U.S., mortgage lenders are allowed to include Bitcoin as collateral, and ETF giants are seeing inflows reaching the hundreds of billions mark at a record pace.
At the same time, in the US, stock market ownership has never been more concentrated: the richest 1 % now have more than half of all shares, while the remaining 90 % have to make do with a fraction. This not only creates inequality, but makes the whole financial edifice more fragile.
For Suriname, this means fiscal discipline, strengthening gold reserves and implementing a balanced monetary policy that prevents stagflation. And consider digital innovation to increase your financial stability and inclusion. What is happening in the U.S., Switzerland, Japan, Belgium and Spain offers important lessons to make our own economy strong.
