Fed's Balance Sheet Tops $3 Trillion, But...

Tyler Durden's picture


... that's not true. The Fed's balance sheet, from a transaction basis, topped $3 trillion some 5-6 weeks ago. The only reason the Fed reported a $3 trillion number in today's H.4.1, or $3.013,333 trillion to be precise, is because all those MBS purchased in September and October following the September 13 reactivation of QE4EVA finally settled. In reality, the Fed's balance sheet is now some $3.12 trillion as there is about a $80-$120 billion lag between what the Fed has actually purchased, and what has settled. Luckily, at least Treasury purchases take far less to settle.

None of the above should come as a surprise to anyone: the Fed's balance sheet has been, even purely nominally, at $2.8/2.9 trillion for months. Wake us up when the Fed's balance sheet is $4 trillion, in precisely 11 months.

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Thu, 01/24/2013 - 17:48 | 3183836 Tijuana Donkey Show
Tijuana Donkey Show's picture

It's not cheap to prop up a rotten AAPL.....

Thu, 01/24/2013 - 17:56 | 3183851 Buckaroo Banzai
Buckaroo Banzai's picture

This is a little off-topic, but I just wanted to say, Diane Feinstein is a filthy, disease-ridden twat.

That is all.

Thu, 01/24/2013 - 18:00 | 3183872 unplugged
unplugged's picture

Cunt would have been better.

Thu, 01/24/2013 - 18:15 | 3183914 francis_sawyer
francis_sawyer's picture

She's a sweet lil ol Jewish girl... They always have in mind what's the best & most equitable for everyone... If she were Catholic, she'd be a saint by now...

Thu, 01/24/2013 - 18:27 | 3183946 redpill
redpill's picture

Gosh it almost looks like an exponential equation.

Thu, 01/24/2013 - 19:39 | 3184141 Papasmurf
Papasmurf's picture

The magic of compounded interest...

Thu, 01/24/2013 - 18:31 | 3183938 TruthInSunshine
TruthInSunshine's picture

Don't bitch, because it's obligatory (I realize some will claim that the Fed's balance sheet explosion is not directly related to the U.S. deficits/debt, but the many on ZH know that they actually are directly related thanks to POMO) .

This has to be hammered home again & again until the Lamestream Media feels compelled to respond to it (maybe a 60 Minutes piece, or a Martin Smith PBS Frontline episode):

If they respond to it in such a manner, it'll be a sign that awareness is growing even amongst some dazed sheeple as they feel the hairs on their backs tingling a bit.

That'll serve to partially offset Jerry Moonbeam's & Paul Krugman's incredibly disingenuous, fraudulent proclamations of late that the "deficit is resolving itself" (no, really, both have made comments along these lines, recently):

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006 

*At the time Obama gave this impassioned speech, vehemently opposing any increase in the nation's debt ceiling, the official U.S. national debt was approximately 8 trillion USD lower than where it stands today.

Thu, 01/24/2013 - 18:01 | 3183874 piceridu
piceridu's picture

What a great title for a new reality show!

Thu, 01/24/2013 - 18:12 | 3183912 MFLTucson
MFLTucson's picture

Feinstein, Bloomberg, and Schmuck Schumer are leading the pack to ban guns and they are the same group that would be first to tell you about all the Jews who died because of Hitler’s slaughtering of their ancestors in Nazi Germany.  I find this so amazing because the very reason they were butchered was because they had no guns to protect themselves.  


Thu, 01/24/2013 - 18:15 | 3183920 francis_sawyer
francis_sawyer's picture

The only thing the jews learned from the holocaust was how to be nazi's themselves next time around...

Thu, 01/24/2013 - 19:43 | 3184147 economics9698
economics9698's picture


The Jews created the Holodomor before the Holocaust.  It has always been their goal to annihilate the goyim.  Everything they do is about centralizing power and then using the power to kill goyim.

They are pissed about the Romans and always will be, 


Thu, 01/24/2013 - 20:07 | 3184192 francis_sawyer
francis_sawyer's picture

Romans... & Egyptians before that...


That's why it's impossible to talk about it with any context whatsoever today... Every FUCK that lives nodadays thinks that HISTORY simply traces back to the Civil Rights Era in the 1960's...

Fri, 01/25/2013 - 02:05 | 3184950 All Risk No Reward
All Risk No Reward's picture

Is my Jewish neighbor in on it?

If not, perhaps you better do some vocabulary work and find the right word or phrase to communicate yourt idea with more finesse than an elephant stampede.

It isn't "the Jews."  They are very wicked and powerful people running a financial fraud on essentially the world...  maybe 99.99% of "the Jews" as well.

500,000 of "the Jews" are out protesting their "the Jews" government over in Israel - so they'd like to know when they are going to get their loot from the bastards at the top robbing them.  They must have missed that memo.


The whole poiont of realizing the education  system has dumbed us down is to inspire us to elevate our own level of thought and communication so we don't fall into their trap.

Any criminal element benefits when they get lumped in with a larger group composed of noon criminal elements.

MLK was right - it is a content of character issue.  Such a simple concept, such a simple truth...  so far over so many heads.

Snap out of the trance!  Focus on the real criminals...  not a group of mostly victims... just like the rest of us.

Fri, 01/25/2013 - 02:39 | 3184967 Ham-bone
Ham-bone's picture

ditto - so tired of the Jew bashing bullshit...as if all Jews, all Christians, all Americans are "in on some scheme"...focus on the sociopaths, the criminals, the apologists...

Fri, 01/25/2013 - 02:40 | 3184988 JOYFUL
JOYFUL's picture

Your effort is a considerable refinement on the usual apologia proffered here by those who wish to avoid scrutiny of the root causes of root rot...but is an apologia non the less...which will not be allowed to stand unchallenged...because...

though it's precisely correct that "the jews" as a group cannot be targeted as that root cause, as many 'jews' are non-talmudist and therefore, less toxic to the body politic, the people designated by the term need take a proactive and collective responsibility for what is and has been done in their name...

like a group of cells which having once proven itself useful in symbiotic relation to the rest of those which make up the totality of the social organism, and therefore is now accepted by it's host as non-threatening, those who define themselves as jews need recognize that a viral disease vector has shaped itself into their image and uses the subertfuge to outwit the white killer cells tasked with protecting the immune system...freakish frankist-sabbatean hijackers of judaism(and islam in the form of Dolmeh...likewise christianity in the form of calvinists)have used it's shell to attack both West and East and attempt to destroy both.

Jews need to do the necessary work to not just wake up to their being used as weapons of mass destruction against us, but to actively identify the cryptos who use them as cover for their mad schemes. The sionist project has a long record of throwing jews under the bus, but the Big Lie we live under commands that this obvious truth be not discussed.

In fact, there's no free pass for anyone to avoid doing this homework...Whitey is just as culpable for having allowed these diseased minds to nest in his\her bed...and then kick us out of it altogether, using their puppet henchmen like the Kenyan....to arrive alive at the end of this dark night of the West we're all going to have to band together to exfiltrate the frankist filth...using the influence and inspiration of jewish resistors like Michael Hoffman, Gilan Atzmon, and the many others who are showing their fellow jews the way forward.

Fri, 01/25/2013 - 02:17 | 3184958 e-recep
e-recep's picture

actually, they have been racist for the last 5000 years.

Thu, 01/24/2013 - 17:57 | 3183855 Nihilarian
Nihilarian's picture

And I only have 3 platinum coins. I can't even buy the Fed's balance sheet anymore.

Thu, 01/24/2013 - 18:08 | 3183900 DeadFred
DeadFred's picture

I wonder if the annoited ones get to use their money before it settles. It would be sad for them if they lost their repoed-to-infinity mortgage back security and they couldn't play with the cash for all that time. Sad.

Thu, 01/24/2013 - 21:48 | 3184452 Buck Johnson
Buck Johnson's picture

Not cheap at all, but it's not the last.

Thu, 01/24/2013 - 17:49 | 3183837 Seasmoke
Seasmoke's picture

as Obama like to say FORE !!!!!!!!!!! Trillion

Thu, 01/24/2013 - 18:21 | 3183936 U4 eee aaa
U4 eee aaa's picture

You DEFINITELY don't want that ball to hit you in the head!

Thu, 01/24/2013 - 17:51 | 3183842 krispkritter
krispkritter's picture

It's not really a Balance Sheet, it's a large Etch-A-Sketch.  One good sneeze at the Fed and all hell breaks loose...

OT but you gotta read this: 

Florida cops Taser naked burglar who pooped and masturbated when homeowner pulled a gun 
Thu, 01/24/2013 - 18:06 | 3183896 HoaX
HoaX's picture

Sounds like someone has been enjoying the Bath Salts a bit too much. Oh well, Florida, nuff said.

Thu, 01/24/2013 - 18:10 | 3183903 krispkritter
krispkritter's picture

At this rate we'll be the next California in a couple years, thus my heading for different pastures...

Thu, 01/24/2013 - 18:36 | 3183952 Rainman
Rainman's picture

Believe it or not, CA is appearing more mainstream all the time in the era of the ObamaNation...and I've lived here all my life and never dreamed I'd ever say that. 

BTW, the " rich " are getting the hell out of here.



Thu, 01/24/2013 - 19:53 | 3184169 Papasmurf
Papasmurf's picture

Was this Macafee?

Thu, 01/24/2013 - 19:07 | 3184059 chump666
chump666's picture

That was the funniest article, albeit with it's crappy grammer, I have read in a long time

As Bruni was allegedly headed to where guns were stored in the son’s bedroom, the wife fired three shots from a .38 revolver, possibly as a warning. When deputies arrived, they said Bruni was flailing around on the floor and not making any sense. At one point, he sucked the water from the spilled vacuum into his mouth and spit it back out.
Thu, 01/24/2013 - 17:52 | 3183845 chump666
chump666's picture

That is depressing.

Thu, 01/24/2013 - 17:53 | 3183848 irishlink
irishlink's picture

Is it just accidental that the number is all 33333333?

Thu, 01/24/2013 - 18:00 | 3183871 justanothersucker
justanothersucker's picture

Just means he's halfway there.

Thu, 01/24/2013 - 17:55 | 3183849 LawsofPhysics
LawsofPhysics's picture

Getting a bit ahead of schedule aren't they?

Thu, 01/24/2013 - 17:56 | 3183858 natronic
natronic's picture

So if we assume certain things.  The budget deficit was $1.1T in 2012.  At approx $800B in 11 months would mean the feds are monetizing 80% of the debt.  That is only if we assume certain things.  I wouldn't be suprised if those numbers ended up being low.

Thu, 01/24/2013 - 17:59 | 3183860 DoChenRollingBearing
DoChenRollingBearing's picture

Clap, clap, clap!

+ $3 trillion!  A milestone worth celebrating!



Thu, 01/24/2013 - 17:58 | 3183866 fonzannoon
fonzannoon's picture

bearish for gold.

Thu, 01/24/2013 - 19:35 | 3184135 Missiondweller
Missiondweller's picture


Thu, 01/24/2013 - 18:01 | 3183868 Sudden Debt
Sudden Debt's picture

120 billion... hardly worth the mention...
what can you still do with 120 billion?

not much...

create 1.100.000 jobs for a full year for example in the private sector....

but why would you do that when the population quits out of the labor force?

3 trillion on the other hand... 3 million million dollar jobs....

30 million 100k jobs...

let's say you could create 15 million good jobs and build the factories that go with it...
than yes... 3 trillion is a lot of money...

Thu, 01/24/2013 - 18:11 | 3183907 DeadFred
DeadFred's picture

It's really not that much money if you think in terms of Wall Street bonuses.

Thu, 01/24/2013 - 17:59 | 3183869 MFLTucson
MFLTucson's picture


Thu, 01/24/2013 - 18:00 | 3183875 spankfish
spankfish's picture

Projected?  That's an awful lot of testosterone to pump that prick up.

Thu, 01/24/2013 - 18:00 | 3183878 justanothersucker
justanothersucker's picture

$120 Billion?  Barely a rounding error.

Thu, 01/24/2013 - 18:02 | 3183885 Sudden Debt
Sudden Debt's picture

4 more pixels on the debt graph...

Thu, 01/24/2013 - 18:30 | 3183879 John Law Lives
John Law Lives's picture

How long before the Great Chairsatan comes out and says there is no reason for the Fed to have ANY limit to its balance sheet or sell the securities it holds....

FUBAR to Hell.

Thu, 01/24/2013 - 18:02 | 3183881 Sudden Debt
Sudden Debt's picture

America's debt doubled in 4 years with 8 trillion dollars...

And all I got was this Obama phone...

Thu, 01/24/2013 - 18:32 | 3183958 DoChenRollingBearing
DoChenRollingBearing's picture

Reply of the day?

Thu, 01/24/2013 - 18:33 | 3183961 U4 eee aaa
U4 eee aaa's picture

Not true. You also got a lip synced in-awe-gyration

Thu, 01/24/2013 - 18:36 | 3183968 Bunga Bunga
Bunga Bunga's picture

What is the problem? 8, 16, 32, 64, 128, 256, 512, 1024 ... even a cheap computer can do it!

Thu, 01/24/2013 - 18:42 | 3183987 Sudden Debt
Sudden Debt's picture

it's a bit thing... no wonder bitcoins will be the future :)

Thu, 01/24/2013 - 18:01 | 3183886 LongSoupLine
LongSoupLine's picture

Audit, arrest, prosecute and execute the Fed.


Fuck you Bernanke, you fucking bank propping fucking middle class wealth destroying fuckhat.  Drown in fucking diseased whale shit asshole.

Thu, 01/24/2013 - 18:04 | 3183889 stant
stant's picture

those denver mint platinum plated state quarters i got on ebay are going in the vault now, with the guns

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