Rebel Capitalist News Uncovered Fed Data Just Exposed The TRUTH About QE
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Dec 15, 2025 Dive into the hidden truths behind the Fed's quantitative easing as George Gammon explores its recent actions and market reactions. Discover the mechanics of interbank settlements and how today's reserves stack up against 2006. He analyzes daily Fedwire volumes to question the legitimacy of massive reserves and discusses oil prices as indicators of inflation. Finally, Gammon shares an actionable investing framework, guiding listeners on navigating the uncertainties of QE's impact on wealth.
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Fedwire Volume Rose Only Modestly
- George Gammon finds Fedwire daily volume doubled since 2006, not multiplied hundreds of times despite huge reserve growth.
- This suggests the banking system didn't require trillions more electronic reserves for interbank settlement.
How Interbank Settlements Use Reserves
- Gammon illustrates how interbank transactions require reserves to settle via Fedwire, using a Chipotle debit example.
- He uses this to explain why observers claim reserve shortages can disrupt settlements and push rates up.
Reserves Grew Far More Than Settlement Needs
- Comparing 2006's ~$10B electronic reserves to today's ~$3T, Gammon argues settlement needs didn't grow proportionally.
- He concludes the repo market tightness isn't explained by a lack of bank reserves alone.