I should have put a dollar or Euro sign in, to make it clearer what I meant by ‘300 Billion’.
“I should have put a dollar or Euro sign in, to make it clearer what I meant by ‘300 Billion’.”
Actually, I had responded to wiseprince’s post #58, where he had just mentioned reserves (and I assumed — mistakenly — that he was talking about physical reserves; perhaps because that was what was on my mind what with all the talk of our SPR). Thus, when I was talking about physical reserves, you were talking about monetary reserves. So, our foundations were crossed, and that is where the confusion arose.