Writes P. Gauthier:
The Federal Reserve has still refused to say who they gave $2 trillion to, and what they took as collateral. Bloomberg is suing to find out the answers.$1 million is a stack of $100 bills about 50 inches high. If you don’t believe me, try it in your living room tonight. As irony would have it, if you stacked the $2 trillion loaned to [confidential], it would equal exactly 15,000 Washington Monuments of $100 bills. If that is just too much to imagine with your morning coffee, we can reduce it to one stack of $100 bills that reaches more than 1,578 miles into space.
