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You only think the situation in America is bad because that's all you hear about. The current Federal Reserve balance sheet is 7 Trillion dollars, or 35% of th
by dahfizz 6y ago
You only think the situation in America is bad because that's all you hear about.
The current Federal Reserve balance sheet is 7 Trillion dollars, or 35% of the US GDP[1].
The current Eurosystem Bank balance sheet is 7.9 Trillion dollars, or 43% of the EU GDP[2].
If you're worried about pumping money into the economy, then USD is a much safer investment than EUR for you.
[1]https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
[2] https://www.ecb.europa.eu/press/pr/wfs/2020/html/ecb.fst201013.en.html https://www.ecb.europa.eu/press/pr/wfs/2020/html/ecb.fst2010...
EDIT: clarification for those unaware, the EUR/USD currency pair is the most traded currency pair by far (which is why I chose Europe as a comparison). The distant second place most traded currency is USD/JPY, but Japan famously has a national bank balance sheet even greater than its own GDP.
- kube-system 6y agoJapan's central bank's assets are 690 trillion yen... Their GDP is 505 trillion yen. 136% of GDP. Ouch.