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DissentWatch 2y ago

Fed Balance Sheet Shrinks For 3rd Straight Week, Bank Bailout Facility Usage Eases

From ZeroHedge

After last week saw The Fed’s balance sheet shrink significantly back from its bank-bailout resurgence, all eyes will be back on H.4.1. report this evening to see if things have continued to ‘improve’ or re-worsened amid regional bank shares unable to bounce […]

Apr 13th 2023 4:41pm EDT

Source Link: https://www.zerohedge.com/markets/fed-balance-sheet-shrinks-3rd-straight-week-bank-bailout-facility-usage-eases

Internet Archive Link: https://web.archive.org/web/20230413205554/https://www.zerohedge.com/markets/fed-balance-sheet-shrinks-3rd-straight-week-bank-bailout-facility-usage-eases

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CTarian 2y ago

Why on earth do we rent our money from the FED, a private corporation? They literally OWN the money we use, and print it up out of thin air and lend it out with interest. Pretty nice gig, if you can get it. Just how did the FED end up with a balance sheet of $7 trillion worth of assets? Debt, that the taxpayer is responsible to pay off. These people are at the heart of the Worlds troubles. They are the enemy of the World's Free Markets. And the light of the future? Bitcoin, The Global Green Socialist Crime Syndicate's Kryptonite.