shortonoil wrote:The FED is now finding it necessary to print at a rate of $44 trillion a year to keep the scales balanced.
Utter nonsense, consistent with your usual total lack of understanding of economics, logic, facts, etc.
Since you don't pay your debts, apparently you don't understand the concept of a LOAN.
When the Fed does a short term loan, it gets paid back. They are NOT expanding the money supply or printing to the tune of the full amount of the daily loans.
It looks like the Fed balance sheet has expanded by about $200 billion over the past two months. This is after declining nearly $700 billion in the previous two years. I know math is hard for you, so that's a rate of roughly $1.2 trillion a year for the recent expansion program.
Instead of using doomer sources like you rely on, how about looking at actual Fed data?
https://fred.stlouisfed.org/series/WALCLSo there's your "QE". $200 billionish balance sheet expansion thus far. Hint: You can move the left hand slider right to zoom in on the chart range to get a better look at the numbers -- if you actually care about numbers vs. spreading nonsensical FUD, repeated from "sources" trying to sell "investment advice", gold and silver coins, etc.
So what's next, another round of name-calling to show how wise you are, since as usual, credible facts and your claims don't agree?
Before you start whining about lack of detail or waving your arms re conspiracies, you can get plenty of detail from the "factors affecting reserve balances link below the chart. Here, for example, is that data for the week ending 10/24:
https://www.federalreserve.gov/releases/h41/current/
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.