Very little value is in M1 and most of M1 is not cycled through the economy, the vast majority of M1 out there is used for illicit trading so I wanted to avoid

Very little value is in M1 and most of M1 is not cycled through the economy, the vast majority of M1 out there is used for illicit trading so I wanted to avoid touching on it too heavily in the paragraph above but there is a lot of M1 out there that won't get back to the government in a decade.