# The Fed has a $4.5 trillion balance sheet: where did they get that money? Who paid for that$4.5 trillion balance sheet?

https://www.cnbc.com/2017/09/19/hedge-fund-titan-ray-dalio-says-to-succeed-in-markets-you-need-to-bet-against-the-consensus--and-be-right.html

• The writing in that article is terrible. I can see how anyone could be confused by this article – Gabriel Fair Sep 24 '17 at 1:04