Everyone wants to only have as much money on hand as they need, and yet the money supply is at record numbers. Who is holding cash? How can there be 20T dollars

Everyone wants to only have as much money on hand as they need, and yet the money supply is at record numbers. Who is holding cash? How can there be 20T dollars depreciating every day? The Fed with its policies that drop the Velocity of money naturally leads to asset price inflation. Even worse, as there are now more money being put into buybacks than there are into IPO's, the stock market is a deflationary asset class. Just because there is only a few places to risk your money and not devalue it, does not mean that those places aren't scams.