Who is "Printing" More Money? The US's Fed or PRC's PBOC?

16 December 2019

There are much talks about US's Federal Reserve Board (Fed)  has been "printing"  lots and lots of money.  There are also lots of videos  showing Fed is at the stage of collapsing because of such  indiscriminate "money printing".  Some of these videos also compared the situations between US and China. 

The Purpose 

To share 3 charts showing the latest "money printing" work of the two Central Banks in US and in China. The balance sheets of the Central Banks will be able to show these "money printing" work. The more money the Central Banks printed, the more "swelling" will be their balance sheets.  

 

These 3 charts are from Yardini Research,  which is an economic research institution  often used by Economists all over the World

 

https://www.yardeni.com/pub/peacockfedecbassets.pdf

Which Central Banks Printed More Money?

Chart No.1  shows that China's PBOC has printed over US$5.0 Trillions.  This is US$1.0 Trillion  more than US's Fed @ about US$4.0 Trillions

Which Country can "Pay Back" the "Printed money" quicker?

Chart No 2 shows that the PBOC’s asset to GDP @ 40% is about twice that of Fed's @ 20%. One can interpret that US can pay back their debts or "money printed" much quicker than PRC. This is because US's earnings are much higher

Where Do the "Printed Money" Used? 

Chart No 3 shows that PBOC buys Foreign Exchange Notes and non-gold international reserves whereas Fed buys US Treasuries, Agency Debt and Mortgage Back Securities (MBS). One can interpret that PBOC are putting their money more in riskier assets than the US.