The privately owned Federal Reserve System of (central) Banks reports that its member-commercial banks have reserves on hand of 852,600,000,000 “dollars.”  This is double the amount that it had been 5,012 days (13 years and eight months) previous.

       Postscript: It took just 112 days (three months and 21 days) for that amount to double again on December 31, 2008.  This is an accelerated factor or 45:1.

       NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

       [added 5/9/2021]

       Lehman Brothers (investment) bank announces a loss of 3,900,000,000 “dollars” for the previous three months that ended in August 31.

       NOTE: As Lehman was posting record losses, its Chairman Dick Fuld received an annual salary of 22,000,000 “dollars.”  After Lehman’s bankruptcy, Fuld tried unsuccessfully to transfer ownership of his 13,000,000 “dollar” home to his wife for 100 “dollars.”

       [added 5/9/2021] Thanks to Freedom’s Phoenix for this entry.