Amid growing rumors of a global currency war, the Fed’s balance sheet broke the $3 trillion-mark for the first time in history. For the first time since this program was launched (QE) it is starting to have a material impact on bank reserves … which spiked. 2013 will look quite different from last year. The monetary base will be expanded dramatically as long as the current securities purchases program is in place. "Currency creation" is in now full swing.” “Fed’s balance sheet grows above $3 trillion, finally impacting the monetary base”, - Read more."We're Going to Kill the Dollar" The Holy Empire Fed’s Plan B
Amid growing rumors of a global currency war, the Fed’s balance sheet broke the $3 trillion-mark for the first time in history. For the first time since this program was launched (QE) it is starting to have a material impact on bank reserves … which spiked. 2013 will look quite different from last year. The monetary base will be expanded dramatically as long as the current securities purchases program is in place. "Currency creation" is in now full swing.” “Fed’s balance sheet grows above $3 trillion, finally impacting the monetary base”, - Read more.