The privately owned Federal Reserve System of (central) Banks loans 41,000,000,000 “dollars” of newly created Federal Reserve Notes to its commercial-member banks. This is the largest single expansion of the money supply since 9-1-1 (9 /11/2001).
[restored 5/25/2024]
Subsequent Events:
References:
http://minerals.usgs.gov/minerals/pubs/commodity/gold/300798.pdf
minerals.usgs.gov/minerals/pubs/commodity/gold/300798.pdf
Chronology of Significant Events – us events
www.dof.ca.gov/HTML/FS_DATA/LatestEconData/Chronology/chronology.htm