I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson The @federalreserve continuously employs policy which excerbates wealth inequality in America, favors the rich over the poor, the asset owner over those living paycheck to paycheck, the homeowner over the renter, picks its favorite sectors (particularly the banks) and broadly exists to uphold the current system of power in America. For the vast majority of Americans, the Fed is not your friend. It's primary policy objective of assuring smooth UST market functioning has enabled our leaders in DC to oversee a completely dysfunctional government which is generating perpetually massive budget deficits for as far as the eye can see. There is now no political will for either spending cuts or tax increases, no legislative momentum, constant divisiveness and a broadly broken government. However, unlike what occurs in other emerging, banana republics when things like this happen, UST bond market vigilantes are consistently neutered before being able to help force real change through market interest rate punishments because the Fed continually acts to save the UST market from dysfunction (5 times in the last 5 years and dozens more since post 1971). This has created an environment where we have chosen a path of dollar debasement and inflating away our debts rather than real change in tax and spend policy, an outcome which threatens to disrupt the fabric of society. Inflation erodes the wealth of those who can least afford it in a slow, cruel way and hopes the people never notice. Inflation is the main policy of the Fed and government. This behavior in DC and at the Fed is now accelerating the path towards the creation of alternative, multipolar world where the US is no longer at the center and the UST no longer exists as the world's neutral reserve assst. Foreign governments are tired of the US money printing, the lack of any plan to lower the deficits or debts, as well as the potential expropriation of their excess reserves if they become an "enemy." They are slowly reintroducing Gold back into the monetary system where it has been for thousands of years, typically being reinserted after the hegemony abuses its exorbitant privilege for far too long. The world is going back to setting excess trade balances in gold again. Regular individuals are saving their excess wealth in gold and bitcoin, where supply cannot be messed with and trust is assured. We are there. While the pathway to a new multilateral currency world will lead to a more balanced global society, the inflation likely to come in the US against hard assets before we get there is going to be massive. While we need the $ weakness to help rebuild American manufacturing, infrastructure and military capabilities, this transition will be massively inflationary first. While I hope the transition can be orderly, I fear that it won't be. Just like Thomas Jefferson did 250 years ago. History rhymes. Fix the money fix the world. Where's the lie?