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When the Fed does QE, it's not creating dollars. It's creating digital instruments that banks will never redeem for cash. JPMorgan isn't sitting on $750 billion in twenty dollar bills. That's the punchline.
When the Fed does QE, it's not creating dollars. It's creating digital instruments that banks will never redeem for cash. JPMorgan isn't sitting on $750 billion in twenty dollar bills. That's the punchline.
RE: LeoThread 2026-03-17 13-53