The Federal Reserve is one of the most powerful but underestimated pseudo-private agency around the world with the power to print the most powerful currency in the world. By having this power the Federal Reserve can control many aspects of our lives like controlling when inflation will drastically rise. A good example is the 70's when Nixon had the Fed print more and more before his second election to make the US seem successful. The Fed also controls when we will have high unemployment by reducing the amount of money out in the world drastically. A great example is when Reagan stepped in office and forced the Fed to reduce inflation to dangerous levels. Why am I explaining this to you because in order to make these financial policies the Feds have to print money either way.
The point that Crypto comes in really fucks with the Fed. The Fed can never control independent Crypto for the sole purpose that they cant print their way out of a disaster. This is one of the main reasons America left the gold standard because leaving gave the Feds even more power. If a large majority of citizens around the world started using Crypto the Fed would be completely undermined and the dollar would no longer be the currency of choice plus Crypto would be just as possible as a commodity like gold and silver.
Thanks for listening to my rant, Cheers!
