Viewing a single comment thread. View all comments

justdoubleclick t1_ir9hqx1 wrote

Reply to comment by ReneDeGames in TIL about Operation Bernhard. During WWII, Germany attempted to bring about the collapse of the British economy by forging ≈£130 million in British bank notes. The notes are considered among the most perfect counterfeits ever produced, and are very difficult to differentiate from legitimate notes. by rkadeYT

Yes, it’s raw data directly published by the federal reserve. When the OP referred to the fed printing money they weren’t referring to physical notes printed, but the act of adding money into the system. The way they do that is through the repo system and their balance sheet shows how much they have created… this is extremely oversimplified of course..

So the $8.7T is money they have created which the banks can use to make more money and it all ends up in the system and driving inflation.

8

ReneDeGames t1_ir9k4xt wrote

Sure, that could be true, however quoting raw data at me is useless because I have no idea if your interpretation of the meaning of those number is correct, because "Total Assets of the Federal Reserve" could mean a bunch of different things.

5