Some of you probably get the newsletter that this comes from, but for those who don't, this should blow your mind. It's a chart showing the rate bank borrowing in the U.S. since 1910 - pay attention to the last year, in their own words, This is disturbing... One of the writers here at The Sovereign Society forwarded this graph from the St. Louis Fed earlier this week. It shows how much banks have borrowed from the Federal Reserve going back to 1910. As you'll notice, banks have somewhat increased their borrowing over the last year... What assets have banks used as collateral to borrow much of these new funds from the federal reserve (i.e. U.S taxpayers)? Let's just say a huge proportion of it is comprised of mortgage backed asset paper, which the fed has given out treasury notes, on a par value basis, in return.