Your money is losing value.
Every single day.
Central banks create new money. Prices rise. Your savings, salary and future quietly shrink. This page shows the numbers for the euro area, and for eight European countries.
ECB M3 snapshot as of June 2026. Not a live feed.
The best 39 minutes you can invest in your future economic freedom.
Euro Area – The big picture
The European Central Bank controls the euro. When the money supply (M3) grows faster than the real economy, every euro – and every currency pegged to it – loses purchasing power.
Euro Area Money Supply (M3)
Source: ECB M3 snapshot, as of June 2026 (not a live feed)
Purchasing Power of €100
Source: Eurostat HICP snapshot, as of July 2026 (not a live feed)
Stacking planner — a monthly saving versus purchasing-power loss, same HICP snapshot.
How much new euro is created each month?
Over the last 12 months the broad money supply (M3) in the euro area grew by €680 billion — an average of about €57 billion per month. That is the change in the stock (June 2025 to June 2026). The bars below are ECB financial transactions; they do not add up to €680 billion, because revaluations and exchange-rate effects sit in the gap.
Monthly M3 financial transactions (€ billion)
Source: ECB M3 financial transactions (flows) snapshot, as of June 2026 (not a live feed)
Where does the new money go first?
New money does not appear evenly in everyone’s account. It enters primarily through commercial bank lending and residual central-bank operations. The first recipients are banks, large asset holders and governments (lower funding costs). This is the Cantillon effect: those closest to the money creation spend it before prices have fully adjusted.
Who pays the price?
Wage earners, savers and people on fixed incomes see their purchasing power eroded as the extra money circulates and bids up prices of housing, food, energy and assets. The loss is quiet and continuous — exactly what the charts on this site illustrate.
Country deep-dives
Click a country to see national debt, inflation history, purchasing power loss and how it relates to the euro.
Why this matters
1. Hidden tax
When the money supply grows, the value of existing money falls. This transfers wealth from savers and wage earners to those who receive the new money first (governments, banks, asset owners).
2. You can never escape
Inflation and debt-based money force most people to keep working their entire lives just to maintain their standard of living. The system is designed so that the majority stays dependent on wages while governments and the already-wealthy capture the newly created money.
3. Hard money alternative
Bitcoin has a fixed supply of 21 million. No central bank can create more. That is why many people track prices in sats (satoshis) instead of euros or kroner.
Protect yourself. Take self-custody.
Buying Bitcoin is only the first step. If it sits on an exchange, you still rely on someone else. A hardware wallet lets you hold your own keys. Blockstream Jade is currently one of the best options: fully open-source, air-gapped, and built for Bitcoin.
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