Understanding Two Tiers

Ryan explains the concept of two tiers of money and how the combination of both tiers going through the roof in 2020 and 2021 is now leading to a slowdown in money creation. He predicts a deflationary trend in the second half of 2023 and 2024, with real growth and inflation slowing down. The housing market serves as a microcosm for this phenomenon, with house prices likely to fall and rents no longer increasing.