On December 31st they were sitting on $2.5 Trillion of US Treasury IOUs.
Even better one!!!!! Unable to sell Treasuries so Fed is purchasing 47% of them. "Others" (?) are buying a big chunk and a bunch of what "foreigners" are buying are being bought back by the Fed within 10 days of the initial "sale." AND they plan to cash in these Treasuries that SS holds. Toilet paper... BWAHHHHHHHHHAAAAAAAAHA!
[Toilet paper... ]
Actually, toilet paper has some useful value! Heck, you can’t wipe with those IOU’s!!!!