The fed is not a federal owned facility. It's private. Meaning they look out for their own interests before the interests of the people they supposedly serve.
Would work well if they had actual customers like a privately owned business. You can't just take your business somewhere else like any other enterprise.
No, the fed.... It's got a mandate, and it can strangle the world. Oil is traded in dollars, as well as other commodities. Bennys manipulation of our fiat currency is damaging the world. When you deflate the dollar by printing more (quantative easing) you make it more expensive for fuel, food and staples all over the world.
All world currencies should revert to sterling or gold. It would stop all these games that have damaged us, and made so many people suffer.
Something hard to show for paper, "put your money where your mouth is" so to speak, as of now, most currencies in the world is fiat, and nothing more than glorified IOUs.
Hyperinflation is a great word here... That is the extreme effect of Benjamins games. Weimar Germany: your daily pay had half the value before you went home. Zimbabwe, a bundle full of 100,000 bills for a loaf of bread..
But go ahead, maintain the status quo, your 401ks are safe so are your pensions, the geniuses who came up with mortgage derivatives (that crashed the housing bubble) will take great care of it, they got your union pensions as well... And soon enough the SSI we all paid into our entire lives...
Just kidding, it's ok. Everything will be fine. Right Benjamin?