A fun Zero Hedge chart

Zero Hedge has a bunch of charts, all them all here.

Here we see the Fed is holding potential inflation and the market is adjusting total return to compensate. If the Fed sold its holdings into the market, its prices would be steeply discounted. That sterilizes the seigniorage granted to Treasury, the seigniorage becomes loose inflationary cash.

Government, which is a money loser, will either go broke and the inflation released, or government will restructure and the Fed assets held become a wise investment. That is why we are wise to restructure government, to turn this investment into a gain, not a loss.