Yes, they APPEAR to be. However, if they are unfounded then something about our economic models is a little off…no? After all, this type of increase in the money supply SHOULD BE inflationary…why has it not been? America dollar as a reserve currency, perhaps, but that means that we really don’t know how the new system works. AND those that hold the dollar as a reserve currency could dump it and cause a sudden economic shock to THIS country.