The privately owned Federal Reserve System of (central) Banks reports that its member-commercial banks have reserves on hand of 426,600,000,000 “dollars.”
Postscript: It took 5,012 days (13 years and eight months) for that amount to double on September 10, 2008.
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[restored 3/21/2023] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Bernanke Gone Berserk! Bank Reserves Explode! – Jutia Group
jutiagroup.com/2015/10/19bernanke-gone-berserk-bank-reserves-explo
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html
Current U.s. National Debt:
