One thought on “ps20

  1. The Fed is far from the only entity that can create money. The top 5 central banks in the world are currently growing their balance sheet at over 20%/year. U.S. Federal debt is growing at about 10%/year ($1.3T). Z1 total credit and M3 are up about 4%/year. Derivatives money creation is running at about 19oylear.Ve/%city has leveled out and is moving up slowly, both US and world.etc etc etc.In Orwell-ese, price stability means inflation is running at 7-8% world wide.

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