Out of Control Fed Prints Equivalent of Chinese and U.K. GDP Put Together.
Today I update the viewers' on the latest increase in the size of the Federal Reserve System's balances sheet as the U.S. Central Banks continues to create money out of thin air to buy all kinds of paper assets.
I will also touch upon "The Pocketbook of Gold" by Jim Sinclair and Peter Carlin and how gold is a barometer of confidence and a revealed of falsely stated wealth.
Fed's balance sheet: https://fred.stlouisfed.org/series/WALCL
GDP by country: https://worldpopulationreview.com/countries/countries-by-gdp/
Jim Sinclair's blog: https://www.jsmineset.com/
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So are you saying that in 50 days the Fed printed the wealth that took China and the UK's people one year to generate?
Yes, on an annualised basis. So to put it another way the Fed printed as much in 50 days what it would take the economies of China and the UK to produce or generate in GDP in 50 days.