…earn profits on their foreign operations. In addition, the use of our banking network for international transactions provides the U.S. government with a powerful foreign policy tool in the form…

…exchange markets. Currencies linked to the dollar represent about 60% of world GDP, which is much larger than the euro’s usage. About two-thirds of foreign central bank reserves are denominated…

…other Bears comment on this one. I just thought the graphic useful. As always click to enlarge. For table plus footnotes click the link. Major Foreign Holders of U.S. Treasuries…

…are being re-intermediated to the banking sector, with quite a portion ending up in excess reserves at the Fed. In the process, borrowers that previously depended on money market investors…

…of Treasury and the Fed. 3. It’s part of the private sector monetary system — a consolidated entity consisting of the Fed and all the banks holding reserves at the…

For the non-cognoscenti: “IOR” is interest on reserves. Banks keep money in their accounts at the Fed. In October, 2008 the Fed started paying .25% interest on those accounts. The…

…has devised a way to extract crude from oil sands, and the consensus is that this process will greatly expand the amount of proven reserves around the world. Happily, investors…

…“class warfare” in its title. If one adds to the area under Luskin’s curve the current reserves of $1.6 trillion and the interest on reserves, one starts to get an…

…more detail if anyone wants to.) 3. China’s reserves of US dollar assets: “The United States has also benefited from the fixed peg because China has been a large buyer…

…able to pay 90% of scheduled benefits after 2028.  Coberly: “run out of reserves …” but no discussion of what that means.  the reserves are not particularly important.  SS is…