# End The Fed... WTF > Seventeen live charts on US federal debt, deficits, Federal Reserve money creation and inflation, each drawn from a named FRED series and set against Bitcoin's fixed issuance schedule. All figures are fetched live at page load, so the numbers below describe what each chart plots rather than its current values. The site is a single page. Every chart names the FRED series behind it so any figure can be checked at source. ## Full content - [Complete page in Markdown](https://end.the.fed.wtf/llms-full.txt): every chart, its data series, and the analysis that accompanies it. - [The page itself](https://end.the.fed.wtf/): charts render client-side from live data. ## Ⅰ · The Debt What the government owes, what it costs to carry, and how fast it is growing. - [US National Debt: Up and to the Right](https://end.the.fed.wtf/#usdebt): Line chart: total US public debt in trillions of dollars, 1966 to today. Source: FRED TPD. - [Your Share of It](https://end.the.fed.wtf/#debt-per-capita): Line chart: US debt per citizen, in the dollars of the day and restated in today’s dollars. Source: FRED TPD, FRED POPTHM, FRED CPI. - [The Annual Shortfall](https://end.the.fed.wtf/#deficit): Bar chart: the annual US federal surplus or deficit by fiscal year. Source: FRED FYFSD. - [What the Debt Costs to Carry](https://end.the.fed.wtf/#interest): Line chart: annual interest payments on the US federal debt, with a one trillion dollar marker. Source: FRED federal interest payments. - [US Debt-to-GDP Ratio: Borrowing Beyond Our Means](https://end.the.fed.wtf/#debt-to-gdp): Line chart: US federal debt as a percentage of GDP, with a 100 percent marker. Source: FRED Debt/GDP. - [The Debt, Priced in Bitcoin](https://end.the.fed.wtf/#debt-in-btc): Logarithmic line chart: the US debt expressed as multiples of the entire 21 million Bitcoin supply at market price. Source: FRED TPD, FRED BTC/USD. ## Ⅱ · The Printing Where new dollars come from, who creates them, and how that compares to an issuance schedule nobody controls. - [US M2 Money Supply: Print, Print, Print](https://end.the.fed.wtf/#m2): Line chart: the US M2 money supply in trillions of dollars. Source: FRED M2. - [The Fed's Balance Sheet](https://end.the.fed.wtf/#fed-balance-sheet): Line chart: total assets held by the Federal Reserve, in trillions of dollars. Source: FRED WALCL. - [The Fed Buying the Government's Debt](https://end.the.fed.wtf/#fed-holds-debt): Line chart: US federal debt held by the Federal Reserve Banks themselves. Source: FRED FDHBFRBN. - [Two Issuance Schedules](https://end.the.fed.wtf/#issuance): Line chart comparing annual US dollar M2 growth against Bitcoin’s scheduled annual issuance rate. Source: FRED M2. ## Ⅲ · The Prices The part you actually feel: what the money buys, and how long you have to work for it. - [US Consumer Price Index: The Cost of Living Spiral](https://end.the.fed.wtf/#cpi): Line chart: the US Consumer Price Index, 1982 to 1984 equals 100. Source: FRED CPI. - [Hours of Work to Buy the Median Home](https://end.the.fed.wtf/#home-hours): Line chart: hours of median wage work needed to buy the median US home. Source: FRED MSPUS, FRED AHETPI. ## Ⅳ · The Rates The price of money is not set by a market. It is set by a committee, twelve times a year. - [Federal Funds Rate: Manipulating the Price of Money](https://end.the.fed.wtf/#fed-funds-rate): Line chart: the effective federal funds rate as a percentage. Source: FRED FEDFUNDS. - [The Real Rate: What Savers Actually Earn](https://end.the.fed.wtf/#real-rate): Line chart: the federal funds rate minus CPI inflation, with a break-even line at zero. Source: FRED FEDFUNDS, CPI year-over-year. ## Ⅴ · Who Ends Up Holding It New money does not reach everyone at once. It reaches whoever is standing closest to it first. - [Top 1% vs Bottom 50%](https://end.the.fed.wtf/#wealth-share): Line chart comparing the share of US household net worth held by the top 1 percent and the bottom 50 percent. Source: FRED top 1%, bottom 50%. ## Ⅵ · The Alternative A supply schedule that cannot be changed by anyone who benefits from changing it. - [USD vs Bitcoin: The Real Purchasing Power](https://end.the.fed.wtf/#fiat-vs-btc): Dual-axis line chart: CPI-based US dollar purchasing power against the Bitcoin price in dollars. Source: FRED CPI, FRED BTC/USD. - [Bitcoin Price (Last 30 Days)](https://end.the.fed.wtf/#btc-price-rt): Line chart: the Bitcoin to US dollar daily closing price over the last 30 days. Source: FRED BTC/USD. - [Bitcoin Supply Curve: 21 Million. Forever.](https://end.the.fed.wtf/#btc-supply): Line chart: the Bitcoin supply curve approaching its 21 million hard cap. Source: Bitcoin Wiki. ## Ⅶ · How We Got Here Every line on this page has a date attached to it. These are the dates. - [Timeline: how we got here](https://end.the.fed.wtf/#timeline): dated monetary events from the Federal Reserve Act of 1913 to the present. ## Data sources - [FRED, Federal Reserve Bank of St. Louis](https://fred.stlouisfed.org/): every economic series on the page. - [mempool.space](https://mempool.space/): Bitcoin block height for the halving countdown. ## Licence and attribution Charts may be reproduced with attribution to https://end.the.fed.wtf. The underlying series are public data published by the US federal government.