Individuals residing in the United States often forget that they are holding the world's reserve currency in their bank accounts. Since everyone lives on the dollar standard, most don't think about it, or believe that its' reign will ever end. The monetary chart below shows very clearly that every 100 years a new reserve currency is put into place. As a millennial, I am sure in my lifetime this transition will occur. Life will get more expensive instantly when that change happens.
The M1 chart above shows the amount of dollars pushed into circulation. Before the 2008 financial panic money slowly and steadily increased. In the fall of 2008 base money totaled 800 billion dollars. Today that number is 4 trillion. That is a five fold move in in eight years. A lot of this money was used for stock buy backs and most of it is sitting on bank balance sheets.