As I said I was going to, I was able to mostly recreate the Shadowstats CPI index using some math - it is not just adding a percentage because you can see the gap increased with time. I had to do it to use it to deflate other values. I will not send the data out of respect to John Williams. It is not perfect though.
To show how well the MZM and the CPI correlate, I created this. This actually might have some predictive value. The idea here is that when MZM outpaces price increases (positive numbers) the new money actually buys more (anything - gas, Dow, food) and creates the illusion of a growing economy quite well. The opposite is true when the creation of new credit falls behind the increases of prices, each incremental amount of credit purchases less goods. I am still trying to interpret the peaks and the measures of it compared to the stock market.
"The market can stay irrational longer than you can stay solvent." Ain't that true?
John Maynard Keynes