May 4, 2010
The trillion-dollar fraud - Why the fed should be audited

What concerns many knowledgeable investors is that the Fed doesn’t have the money needed to purchase these assets and instead prints new money. As of March 2010, there was approximately $1 trillion of currency outstanding in the country, not including the more than $1 trillion of bank reserves at the Fed. So if the Fed doesn’t shrink its balance sheet, we can expect inflation to come roaring back as banks increase lending in the future.