I explained this in my previous article: https://glenn.substack.com/p/my-perspective-of-covid-19 The Fed has been in charge of the US Dollar since 1913. Think about this; a privately owned bank owns our money. So yes, they have benefited greatly over the past 100 years and they have wielded tremendous power. But the fractional reserve banking system that they put in place eventually collapses in on itself. This collapse is inevitable and is a result of their corruption. Many Austrian Economists have been excited about this collapse because they thought that when it collapses the corrupt system will be revealed and Americans will kick the corrupt bankers out. My opinion is that the Fed is hiding the collapse in the shadow of the virus, so the Fed doesn't take the blame for crashing the dollar. This would allow them to come to the rescue, do a complete reset and maintain their control and their power. Also, consider that the Fed creates currency out of thin air, but then it buys real assets with that currency. The Fed is the largest land holder in the world right now.
How is it that the Fed Reserve and the bankers benefit from collapsing our currency when their currency is also becoming worthless?
I explained this in my previous article: https://glenn.substack.com/p/my-perspective-of-covid-19 The Fed has been in charge of the US Dollar since 1913. Think about this; a privately owned bank owns our money. So yes, they have benefited greatly over the past 100 years and they have wielded tremendous power. But the fractional reserve banking system that they put in place eventually collapses in on itself. This collapse is inevitable and is a result of their corruption. Many Austrian Economists have been excited about this collapse because they thought that when it collapses the corrupt system will be revealed and Americans will kick the corrupt bankers out. My opinion is that the Fed is hiding the collapse in the shadow of the virus, so the Fed doesn't take the blame for crashing the dollar. This would allow them to come to the rescue, do a complete reset and maintain their control and their power. Also, consider that the Fed creates currency out of thin air, but then it buys real assets with that currency. The Fed is the largest land holder in the world right now.