The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion. Alot of people don't understand the real magnitude of the projected expansion of the US monetary base because they don’t take into account the amount of dollars circulating abroad anyway.
But there is a staggering devaluation of US currency happening!
For every dollar that existed in America in September 2008, the fed is going to create fourteen more of them! Below is a rough sketch of what this increase in US monetary base would look like:
Click to enlarge...
You guys should know that pumping this many dollars into the financial system is a very shrewd move by the Fed, and it's consequences are not very reversable.
More on this subject next time...
1 comment:
Very scary times bro
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