by This another way to look at it… Fed is transferring more USD balances to non-govt than Treasury would if the Fed owned zero assets… ~10B in accumulated operating losses. Will find out the last weeks amount of losses in about an hour. Lost B last week. pic.twitter.com/CdElJiNfqh— Nothing (@whip_n_spur) October 20, 2022 Somewhat of a non Congress approved fiscal transfer…where are these transfers going? To IOR and RRP… IOR going to Depositories as additional accrued Capital and RRP interest going to USD savers in Money Market Mutual Funds…Should increase from b to b per week within a couple of months… 🤑🧟♂️
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
This another way to look at it… Fed is transferring more USD balances to non-govt than Treasury would if the Fed owned zero assets…
~10B in accumulated operating losses. Will find out the last weeks amount of losses in about an hour. Lost $4B last week. pic.twitter.com/CdElJiNfqh
— Nothing (@whip_n_spur) October 20, 2022
Somewhat of a non Congress approved fiscal transfer…
where are these transfers going? To IOR and RRP… IOR going to Depositories as additional accrued Capital and RRP interest going to USD savers in Money Market Mutual Funds…
Should increase from $4b to $6b per week within a couple of months… 🤑🧟♂️