The Fed Has an $844 Billion Hole in Its Balance Sheet (Here's Their Loophole)
00:00 The Myth of the Central Bank Printing Press01:14 The Decoy: Bureau of Engraving and Printing02:20 The True Cost of Physical Currency03:08 Creating Money Ex Nihilo via the FedTrade System04:11 Debunking the Fractional Reserve Multiplier05:00 March 2020: Reserve Requirements Dropped to Zero05:18 Fountain Pen Money: How Commercial Banks Create Wealth06:15 The Shift to the Ample Reserves Framework & IORB07:19 The Second Floor: Overnight Reverse Repo (ON RRP)07:52 The Treasury General Account (TGA) Shockwaves09:04 The Fed's Trapped Balance Sheet & Unrealized Losses10:24 The Deferred Asset…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.