Re:55% of all Tether, $25B, were created in 2021
by shkkmo on Saturday April 17, 2021 @09:06AM
(#26843956)
That chart shows the federal reserve assets, not the total supply of dollars. It's a pretty interesting chart, but it doesn't support the statistic you quoted.
Re:55% of all Tether, $25B, were created in 2021
by zoshi on Saturday April 17, 2021 @09:22AM
(#26844057)
The chart for M1 (currency, demand deposits, and other liquid deposits) looks similar: https://fred.stlouisfed.org/series/M1
That's about 30% of all US money supply created in 2020.
Re:55% of all Tether, $25B, were created in 2021
by shkkmo on Sunday April 18, 2021 @07:23PM
(#26857513)
I'm sorry, I don't have enough information on what those statistics mean. I'm not sure what that chart measures, but it shows a 4x increase in early 2020 which leads me to think it isn't saying what you think it's saying. While I don't doubt it relates to how the Fed manages the money supply, it doesn't say what you want it to say.
If you are going to sell this point, you need a source that undstands and can break down the subject matter to explain what these charts are measuring and how that relates to the supply of US currency.
Re:55% of all Tether, $25B, were created in 2021
by TicklishTiger on Saturday April 17, 2021 @02:55PM
(#26846519)
The Fed is the only source of Dollars. Banks only produce IOUs.
https://www.federalreserve.gov/monetarypolicy/bst_recenttren...