My Case For NO 1929 Style (Economic Collapse) + Super Bubble

I see many many articles circulating the similarities of the 1929 "Super Bubble" and see almost all the information is very miss leading and not accurate at all.

We can see the DJI compared to the SPY today is dangerously similar at face value. Enough for anyone with basics to be very nervous about this.

Each cycle has a 1st bubble followed by a 2nd bubble then ending with a gigantic 3rd melt up.

But the truth? we need to take the (CURRCIR) (Currency in Circulation)
as a proxy for the US M2 / M3 for the early 1900s

What we see is there was no debasement "Quantitative Easing" almost no new currency growth meaning it was all leverage based on air. Only after 1930s did we see currency growth.

Fast forward to 1999-2023
We see even before Quantitative Easing (Currency in Circulation) started an uptrend in 2004 going parabolic after 2008. Meaning the "Super Bubble" people are betting shorting right now is completely based on false information. Yes they are all wrong so is most retail.

2023
Adjust the SPY/USM2 supply we see a resistance trend going back to 2002 being hit 5 times, this means the debasement is acceleration coming back stronger every time.

There's a chance something insane will happen where markets will go parabolic almost triple or quadruple the 1929 "Super Bubble"

This will begin when the FRED has to cut or hold rates.

Reserve Banks forced to cut rates due to debt interest (government).
(Global M2 by math will go parabolic) this will flow back into companies / growth stocks.
Bond Yields there's a chance they will not lower and most of the money gets captured by hard asset / growth markets, this includes Bitcoin / Gold.
My thought process here is for the final "Super Bubble" to form from all this debt interest and monetary easing we have to see a blow off top in the SPY/USM2 chart, and you can guess it if the SPY makes all time highs soon while the FRED is planning to cut rates you're going to have all the (Money Market Funds) capital flow back into the stock market, there's currently trillions in short term US bonds meaning anyone purchasing TLT expecting a play for Bond Yields to fall are going to get this very wrong too (unless YCC happens for US Bonds)
So has the bubble busted? based on the math it has just begun we could be in the 1927 stage.

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