Only 46% of the approximately $800 billion dollar Federal Reserve balance sheet now consists of Treasuries.
Put another way (or MORE accurately): 54% of the $800 billion dollar balance sheet consists of the TOXIC financial WASTE that nobody else now (suddenly) wants.
US GDP totalled approximately $14 trillion at the end of 2007. Therefore the amount of TOXIC WASTE the Fed is holding amounts to almost 3% of GDP.
Total Borrowings of Depository Institutes stand at $150 billion or 1% of GDP. Tell me this isn't scary: Really Scary Fed Charts: JUNE 'Just' 1% of GDP Now.
I envision only good times ahead... I mean, what could possibly go wrong? Mere pennies are at stake...
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May we deduce from this chart, then, that another $432 Billion (give or take) needs to be "written off" by the banks???
No idea. Seriously. I can`t even begin to predict what the monkeys pulling the levers of power will try next...
Harmony BorbonTobie WelfordJesse HaireKevin DygertLonnie HineyEmery SkolfieldAleida BasoreAlbertina PloskerFredric BrelsfordErnie Pilarski
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