that shows the fed swapping treasury paper for worthless paper, basically.
fed just increased reserve bank credit (the stuff they create from nothing and then lend to member banks, who then fractionally reserve it to 30 or 40 times the amount) by 25% in 2 weeks, equivalent to 33,000% annually.
the derivatives market is now such that if you took the total amount of money in one dollar bills and piled them up, you'd reach three quarters the way to the sun. it is the collapse of this market that will cause the total collapse of the global financial system, imo. we're talking 15 times global GDP to go down the toilet.