Federal Reserve Bank of New York, 2023 QE Operations Manual:
"When the Federal Reserve purchases securities, it pays for them by crediting the reserve account of the bank selling the securities. These reserve balances are created out of thin air. No existing money is used to make this purchase."
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Purchase Process: The process of the Fed buying securities is confirmed by the New York Fed's own analysis.
A 2017 post from the bank's Liberty Street Economics blog explains:
"When a Reserve Bank purchases a Treasury security, it purchases an asset... It credits reserves (a liability of the Fed) to the reserve account of the seller (or the seller's bank)."
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Creation of Money: The concept of creating money "out of thin air" is a direct description of the Fed's unique ability.
A 2023 piece from the Bank Policy Institute, which extensively quotes the New York Fed's operational descriptions, states:
"When the Fed purchases a Treasury or any other security from a nonbank... It pays for the purchase by crediting the reserve account of the nonbank’s commercial bank at the Fed (a/k/a 'reserve balance')."
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No Existing Money Used: The Federal Reserve is the only institution in the U.S. economy that can legally create high-powered money, known as "reserves," through a simple accounting entry. This process does not require pre-existing funds, and the newly created reserves are not sourced from any other bank or account.
This is the very essence of central banking.
Grok Explanation
•The post shares a video clip of BlackRock CEO Larry Fink discussing the need for trillions in U.S. AI infrastructure spending on data centers and power grids, noting that much of the funding would come from private sector sources including savings accounts and pension accounts.
•Fink made the comments at a May 2026 event in Texas with Governor Greg Abbott, describing the investments as essential to compete with China, support 3% economic growth, and address energy demands amid deficits, estimating around $10 trillion over 10 years.
•The post highlights the quote as evidence that ordinary people’s retirement and savings funds will finance this buildout, which has drawn significant engagement and debate over the scale of AI-related capital requirements.
They found a loophole the tech barons didn’t expect.
One county used the 2024 NDAA to stop a data center because these projects depend on foreign supply chains tied to China.
If we organize, we can protect our land, our water, and our future.
Join the movement to stop AI data centers >>
https://t.co/A5XzTq37JP
#Texas #AIDatacenters #ProtectTexas #Water
Congress gets free healthcare for life, a pension when they retire, and $79 A DAY for lunch... that’s all BEFORE their $175,000 a year salary.
The system is a joke and tax payers are the punchline.
Watching homes burning down in Northwest Amarillo #Texas off two deer Trail near Bishop Hills
This is hitting really close to home tonight and its far from over
With @Annuh_wx#txwx#wxtwitter
My stomach dropped when I saw these horses fleeing from the dangerous wildfire burning into Palo Duro Canyon. As it was going through a subdivision near i27
#txwx#wxtwitter
Large fires in the Texas Panhandle are prompting evacuations north of Amarillo.
Flames are moving at 3-5 mph as one fire has grown to over 100k acres in just 24 hours.
If you live in the TX Panhandle near a fire, stay alert & be prepared to evacuate due to shifting winds.
At 144 slides, this Bitcoin talk from Vegas 2026 @TheBitcoinConf retains the title for most slides per minute.
And everyone knows that
more slides = more value!
In under 20 minutes...
enjoy a Bitcoin keynote like no other.
Because, again... MOAR SLIDES!
May 15th @ 5:30PM: Multiple wildfires are potentially impacting Canyon, Lake Tanglewood, Palo Duro Canyon, Southeast Amarillo, and Wayside. Highway 207 is now included in the fire warning, and may be impacted by smoke.
Left graduation and Dad and brother had to haul ass out because Randall Co has evacuations from Hunggate fire and we have a couple hundred cows nearby. Pray for the Panhandle.