The world of bad actors has given the Fed/Treasury a license to print money—and they are gonna ride this pony until it collapses.
The subprime mortgage crisis of 2008 was when the Fed started making money out of absolutely nothing by buying US Treasuries directly.
11 years later, everyone looked around and figured that noting much bad happened because of it, so when COVID hit they turned the money printers up to 11.
To paraphrase Winston Churchill, the Dollar is the worst form of reserve currency in the world, except for every other.
The big secret is that pony been dead for a while the fed is just put wires on it and it’s making it dance around puppet like
Funny how this was all ok under trump and now its not