The Fed's Live Trading Extra Dollars in the Banking System

The Fed created $4.5 trillion of reserves in the past decade, but where are they distributed? The money is largely on deposit and it's largely in the hands of just the whales. Do you think all five, I don't think all five train is in the banking system. There's a ton on the security system. No, no, no, it's in the, it's not only in the retail banking system,. A big chunk of that foreign after-end dollars is in household accounts. And that provides the maximum flexibility to people doing the control game.