And at the risk of repeating (but what the heck)...we have to recognize that the majority of the "money" in the system did not come from the Treasury/Federal Reserve dirty dance.
Most of it comes from fractional reserve banking.
ie, banks making loans with rehypothecated deposits. Poof! New money!! Yippeeee
TPTB love seeing trillions in student loans and credit card balances. Not to mention all the auto loans and mortgages.
"Money" really does grow on trees.
