Submitted by rkadeYT t3_xwv3hr in todayilearned
Reply to comment by rkadeYT 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
It took until 2008 for the Fed to print the first Trillion dollars. Between 2008-today they've printed around 8 Trillion more dollars. Germany was amateurs.
got a source for that?
that link says that "Currency in Circulation" hit 1 Trillion on 9-Mar-2011, and is currently at 2.2 Trillion.
The "Total Assets of the Federal Reserve" follows the 2008 1t to 8.7t today curve, also, this is raw data, which is effectively unusable for the average person, because it doesn't say exactly what was asked so I have no idea what all is tied up in the various statements.
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.
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.
If you’re interested in the topic, this article explains it pretty well: https://www.pbs.org/newshour/amp/economy/making-sense/how-the-feds-balance-sheet-works-and-why-investors-care
American dollar: stronger against world currencies than pretty much ever
You: The fed is causing inflation!
It’s because all the other world governments are doing exactly the same thing right now
That’s just not true though.
What you’re saying implies that the central banks of every other nation are stronger than the American central bank, otherwise they wouldn’t be able to put inflate the dollar with their policies.
Which they don’t. In fact, we see the opposite, with the American central bank actually crushing every other country in restricting money to fight inflation, primarily due to the fact that the American central bank is the strongest one in the world, for better or for worse.
I hope they’re getting a better deal on printer ink than I am. Cries in HP.
Jesus Christ
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