The Federal Reserve created around 3T dollars out of thin air since March to buy assets and manipulate the economy of the United States. 😈
1 Trillion = 1,000 Billions
What assets did the Fed buy with 3T fake money?
1.6T (1,600B) Treasury Bonds
.5T (500B) Liquidity Swaps
.1T (100B) Corporate Bonds
.05T (50B) PPP “Forgiveable” Loans
.75T (750B) Other
The Federal Reserve is not done yet and will continue to buy assets with FAKE money.
You gotta love Modern Monetary Theory! 😚
Source: Federal Reserve