hows that trend looking? BTW that's M1, M2, and M3, guess which one isn't a "Real" official statistic?
Even ignoring the fact that your graph shows rate of change and not actual money supply, M3 and M2 both show trends that suggest inflation isn't as much of an issue as you keep saying. I mean, cmon M3's rate of change trended upwards, sure, but it's at near 0% growth! That's not much to worry about... M2 is showing moderate changes at best, with what looks like less than a 5% positive rate of change.
Now, it's very important to realize that looking at rate of change alone isn't a very good idea. Lets look at actual money supply shall we?
As you can see, actual money supply - not rate of change - has actually decreased since 2009, not increased. Looking at the M3 money supply+rate of change graph you can see that
even with the sharp uptick in rate of change it was only enough to prevent a deflationary spiral - our money supply has been flat despite(and
because of) QE1, QE2. So the trend you're trying to point out is actually quite pedestrian, it may be worth watching going into QE3 but right now it's not a problem(because QE3 would maintain the trend in rate of change, eventually increasing money supply).
Oh and when M3 was removed critics were all over the FED, arguing that by no longer reporting the total amount of money in circulation the FED is hiding a huge amount of money creation which is being used to fund the US trade deficit... So someone like you should be watching M3 like a hawk.
I gotta say- this is the last place I expected to discuss financials, but it's really cool to know I'm not the only smokin' trader in town... I think I'm gonna like it here...