https://straightlinelogic.com/2021/01/23/how-the-fed-fails-by-charles-hugh-smith/
Ultimately, central banks are designed to fail. From Charles Hugh Smith at oftwominds.com:
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both.
The Fed will fail as a result of two dynamics: diminishing returns and the U.S. dollar’s role as a global reserve currency. The Fed’s reign as the godhead of financier-banker supremacy has been fun and games for the past 12 years of stock market euphoria, but that’s about to change.
All those expecting the Fed to sink the USD to near-zero to “save the stock market” don’t seem to realize that they’re also expecting the U.S. to surrender its global hegemony, which rests entirely on the U.S. dollar…
It is not an exaggeration to say that the ability to create “money” out of thin air and trade it for real-world goods is the foundation of America’s global power…
