Debt: The First 5000 Years - autonomous learning

370
DE BT
Board of Governors Total Reserves. Adjusted for Changes in Reserve Requirements
(TRARR); Source: Board of Governors of the Federal Reserve System
1,200
1,000
800
0
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0 600
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400
200
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Shaded areas indicate U.S. recessions.
Allowing them, through yet another piece of arcane magic that none
of us could possibly understand, to end up, after an initial near-$4oobillion
dip, with far larger reserves than they had ever had before.
1,000
Non-Borrowed Reserves of Depository Institutions (BOGNONBR)
Source: Board of Governors of the Federal Reserve System
800
0
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600
400
200
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-200
-400
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Shaded areas indicate U.S. recessions.
At this point, some U.S. creditors clearly feel they are finally in a position
to demand that their own political agendas be taken into account.