new ATH

[Quincy A. Wagstaff]

The Federal Reserve's balance sheet hit a new high this week: $8.24053 trillion.

I don't think we have a concept of how much money that is. So I'll try to put it in context.

Before the pandemic the Fed's balance sheet was $4.15163 trillion (1/29/2020). So since the pandemic they've added $4.0889 trillion to the balance sheet.

That's enough money to build 2,604 AT&T Stadiums (Jerry World) adjusted for inflation. That's 1 AT&T Stadium every 5 hours, around the clock, from January 2020 to July 2021.

 

[dorndawg]

 

[mcdawg22]

Another way of looking at it. I could buy 4.0889 trillion things at Dollar Tree.

 

[Quincy A. Wagstaff]

 

[jethreauxdawg]

Turns out it’s a lot easier to keep hitting “0” on a computer than actually printing the bills.

 

[Quincy A. Wagstaff]

 

[DAWG61]

Cool you'll need 2,604 countries of China to come collect on it too, till then

 

[Uncle Ruckus]

You putting it into context somehow made it even more difficult of an idea to conceive.

 

[Dawg1979]

i saw this one day and it puts it easy to understand:

the magnitude of difference between billion and million can be illustrated with this example of time scale. A million seconds is 12 days. a billion seconds is 31 years. A trillion seconds is 31,688 years

i had never seen it like that before. but WOW

 

[jethreauxdawg]

This seems like a great time to ask again, who owns the Fed?

 

[Quincy A. Wagstaff]

Does this help?

You putting it into context somehow made it even more difficult of an idea to conceive.

Still working on how many banana stands per hour we could have built...

 

[DoggieDaddy13]

i saw this one day and it puts it easy to understand:

the magnitude of difference between billion and million can be illustrated with this example of time scale. A million seconds is 12 days. a billion seconds is 31 years. A trillion seconds is 31,688 years

i had never seen it like that before. but WOW

So how old is Jeff Bezos again?

 

[mcdawg22]

This seems like a great time to ask again, who owns the Fed?

Bitcoin. I’ve read a lot of sixpack over the last year and all I can tell you is the answer to any financial question is Bitcoin.

 

[Jeffreauxdawg]

Dude that's crazy. That's equal to 254 million bitcoin on the Fed's balance sheet. It was only equal to 127 million bitcoin a few months ago.***

 

[IBleedMaroonDawg]

Then I guess won't matter we spend a few trillion more huh?**

 

[kb549]

Then I guess won't matter we spend a few trillion more huh?**

A trillion here, a trillion there. Pretty soon, we’re talking about some real money.

 

[WilCoDawg]

I was hoping to read about some new commitment and instead it’s about what we owe the virus creators.

 

[Quincy A. Wagstaff]

Bitcoin. I’ve read a lot of sixpack over the last year and all I can tell you is the answer to any financial question is Bitcoin.

Not the answer to everything but a really good long-term answer to inflation.

1-yr ROI +251.22%
10-yr CAGR +118.55%
1-yr Sharpe ratio 2.61
5-yr Sharpe ratio 1.68

What is your inflation strategy?

 

[mcdawg22]

Not the answer to everything but a really good long-term answer to inflation.

1-yr ROI +251.22%
10-yr CAGR +118.55%
1-yr Sharpe ratio 2.61
5-yr Sharpe ratio 1.68

What is your inflation strategy?

My answer? Get everyone to invest in Inflatecoin. Have Dave Portnoy tweet to the moon! Take all of that money in Inflatecoin out and put it in an offshore account. When everyone is broke except for me, BOOM, inflation over.

 

[Quincy A. Wagstaff]

Dude that's crazy. That's equal to 254 million bitcoin on the Fed's balance sheet. It was only equal to 127 million bitcoin a few months ago.***

Over the past year the Fed added $1.3 trillion to its balance sheet. In that time the balance sheet is down 65% priced in bitcoin.

 

[mstateglfr]

Still working on how many banana stands per hour we could have built...

View attachment 21310

...saw this didnt post 2 weeks ago. its AD, so worth it!

 

[dorndawg]

Over the past year the Fed added $1.3 trillion to its balance sheet. In that time the balance sheet is down 65% priced in bitcoin.

 

[Cooterpoot]

This seems like a great time to ask again, who owns the Fed?

The Illuminati.*

 

[Cooterpoot]

When AI takes over the world, will it even matter?

 

[xxxWalkTheDawg]

The Federal Reserve's balance sheet hit a new high this week: $8.24053 trillion.

I don't think we have a concept of how much money that is. So I'll try to put it in context.

Before the pandemic the Fed's balance sheet was $4.15163 trillion (1/29/2020). So since the pandemic they've added $4.0889 trillion to the balance sheet.

That's enough money to build 2,604 AT&T Stadiums (Jerry World) adjusted for inflation. That's 1 AT&T Stadium every 5 hours, around the clock, from January 2020 to July 2021.

And the hilarious punchline is… the country who’s actions were negligent in both creation of this virus and subsequent misinformation and coverup of it owns a lot of that debt. Debt the country is liable for.. to the country who’s negligent actions resulted in the spending.

And no one cares about that. Business as usual.

the second bend over in absolute hilarity of a joke? This country is granted developing nation status to be able to exploit a competitive advantage over every other industrialized country in the new rules over emissions…. And they are the largest emitter of said emissions.

Enough of that… back to my Mandarin practice.

 

[GloryDawg]

Another way of looking at it. I could buy 4.0889 trillion things at Dollar Tree.

Actually you probably could buy more because many items are two for a dollar at dollar tree.

 

[Dawg_4_lifes]

Money makey machine go BRRRRRRRRRRRTTTT!!!

 

[horshack.sixpack]

Fishwater say he got this.***

 

[BoDawg.sixpack]

Must be what Yellen meant when she said "Go big"

At some point the CBO and the Federal Reserve have to intervene in our idiot Congress' penchant for runaway spending or there's going to be another Weimar Republic.

 

[dudehead]

The Federal Reserve's balance sheet hit a new high this week: $8.24053 trillion.

I don't think we have a concept of how much money that is. So I'll try to put it in context.

Before the pandemic the Fed's balance sheet was $4.15163 trillion (1/29/2020). So since the pandemic they've added $4.0889 trillion to the balance sheet.

That's enough money to build 2,604 AT&T Stadiums (Jerry World) adjusted for inflation. That's 1 AT&T Stadium every 5 hours, around the clock, from January 2020 to July 2021.

Banks.

Thomas Jefferson warned: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered... The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.”

 

[Lawdawg.sixpack]

 

[ZombieKissinger]

Thought this was going to be about a new football commit

 

[SheltonChoked]

And the hilarious punchline is… the country who’s actions were negligent in both creation of this virus and subsequent misinformation and coverup of it owns a lot of that debt. Debt the country is liable for.. to the country who’s negligent actions resulted in the spending.

And no one cares about that. Business as usual.

the second bend over in absolute hilarity of a joke? This country is granted developing nation status to be able to exploit a competitive advantage over every other industrialized country in the new rules over emissions…. And they are the largest emitter of said emissions.

Enough of that… back to my Mandarin practice.

Every reference I have and can find says this is not true. Japan owns more us debt and All foreign countries combined hold less than 25% of US federal Debt.

 

[xxxWalkTheDawg]

Every reference I have and can find says this is not true. Japan owns more us debt and All foreign countries combined hold less than 25% of US federal Debt.

didn’t say most. Said a lot. They do own a lot of it.

 

[TheStateUofMS]

That's why we don't have hyper inflation. All the money that is printed is transferred onto bank's balance sheets in someway. Congress throws a few hundred bucks a week to out of work Americans for a year and half, but it's peanuts to where the real printed money goes and that's into banks vaults.

Asset prices do inflate as a result as the money stays within the financial system. Own assets like stocks and real estate and I guess crypto and when I say crypto I'm only a BTC and ETH believer.

 

[IBleedMaroonDawg]

Before the pandemic the Fed's balance sheet was $4.15163 trillion (1/29/2020). So since the pandemic they've added $4.0889 trillion to the balance sheet.

View attachment 21329

 

[IBleedMaroonDawg]

View attachment 21330

And the hilarious punchline is… the country who’s actions were negligent in both creation of this virus and subsequent misinformation and coverup of it owns a lot of that debt. Debt the country is liable for.. to the country who’s negligent actions resulted in the spending.

And no one cares about that. Business as usual.

the second bend over in absolute hilarity of a joke? This country is granted developing nation status to be able to exploit a competitive advantage over every other industrialized country in the new rules over emissions…. And they are the largest emitter of said emissions.

Enough of that… back to my Mandarin practice.

Back in the early 2000's even smaller companies that I worked for and with were slapping each other on the back because the were making deals left and right with China and had employees spending tons of time making more deals.

It's funny what you can learn from just keeping your mouth shut, listen, and continuing to let folks think you are as dumb as you look.

As far as I am concerned when they suddenly find themselves with new owners in the future they deserve what they will get.

 

[dawgoneyall]

We are headed for an all time 17 up.
When is the question...not if.
We get what was voted for.....

 

[mcdawg22]

View attachment 21330

Back in the early 2000's even smaller companies that I worked for and with were slapping each other on the back because the were making deals left and right with China and had employees spending tons of time making more deals.

It's funny what you can learn from just keeping your mouth shut, listen, and continuing to let folks think you are as dumb as you look.

As far as I am concerned when they suddenly find themselves with new owners in the future they deserve what they will get.

I have a question for you. Do you discern your purchasing? I have always laughed at the general public bitching about the foreign control of our finances but will readily purchase the cheap *** Chinese products in the store because, “I have very strong feelings about Chinese influence until it affects me paying 300 dollars more for a TV!”

 

[IBleedMaroonDawg]

I have a question for you. Do you discern your purchasing? I have always laughed at the general public bitching about the foreign control of our finances but will readily purchase the cheap *** Chinese products in the store because, “I have very strong feelings about Chinese influence until it affects me paying 300 dollars more for a TV!”

OOOhhh you got me there. I'm like most people on a fixed income, I do what I can. I wasn't always this way. At one time I was valuable to the company.

Now tell me again why I can't say anything if you wish.