…will exceed the difference between expenditures and revenues after that. Never mind the fact that the Trust Fund will have reserves sufficient to last until 2052, the system goes bankrupt…

…the 3rd Brigade will be overseas for at least 8 months and everyone can read the writing on the wall. We are already seeing the Reserves experience general retention and…

…most remembered is the $4.1 trillion balance sheet he left behind for Yellen. The drastic actions of purchasing $1.5 trillion in mortgage debt and creating $2.4 trillion in bank reserves…

…Californian farmers, estimated to grow around 80% of the world’s almonds, have been accused of siphoning off groundwater at the expense of the state’s future water reserves. As rivers and…

…much, much more to this story than meets the eye. In 2013, it was discovered the University of Wisconsin had similarly amassed between $400 million and $1 Billion in reserves,…

…the bottom of this table: so-called “money printing” by the Fed. But as with Treasury bond issuance, that doesn’t actually create new assets. The Fed just issues new “reserves” —…

…world of abundant reserves) for controlling interest rates—the payment of interest on reserves (for a description of the Fed’s current operating regime, see here). She argues that the Fed doesn’t…

…assets and buy foreign currency denominated assets. A monetary authority which is trying to prevent depreciation of the national currency can run out of foreign exchange reserves — a monetary…

…in foreign reserves that the Biden administration blocked access to last year following the Taliban takeover of the Afghan government and the US military withdrawal from the country. Substack “August…

…will continue to be available in the future or whether they will be sufficient to cover costs. Low Financial Reserves: If the hospitals do not receive grants or other funds…