The Fed has been moving up the pyramid. When it was created, dollars were backed by gold.
Gold back ended from 1934 to 1971
The Fed started buying longer dated Treasuries.
Then it started buying mortgage bonds in 2008
Then corporate bonds in 2020
What the chain says
- Block
- 672 432
- Time
- 2021-01-31T21:16:18Z
- Signer
- 1AdHTv9HnKNHXs4arY1khpqxELVZe1rKiQ
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7196
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1AdHTv9HnKNHXs4arY1khpqxELVZe1rKiQ Verified