Even if you believe him - which I don't, it wasn't doled out, it was loaned - at apparently normal rates for the fed, and to large central banks (i.e. creditworthy). Near zero rates? Baloney. 0.25% interest is the normal market rate for such banks - but of course he doesn't actually say 0.25 he says "near zero".
12.3 trillion? What is this an Austin Powers movie?
There's around 10 trillion dollars of money in the entire US! (M2 and lower money supply.) And around 50 trillion in total assets.
12.3 trillion? What is this an Austin Powers movie?
There's around 10 trillion dollars of money in the entire US! (M2 and lower money supply.) And around 50 trillion in total assets.