Sadly this narrative really doesnt grasp what the USD is.

The USD has nothing to do with the government. They do not create it nor do they expand or contract it. That is the role of the commercial banking system. Have you ever heard of fractional reserve lending? That is where the money supply comes from.

As for crypto, it is like the Eurodollar system. That is outside the reach of any government or central bank. They have no input into what goes on there. The Fed knew it lost control of money 50 years ago since the wholesale banking system took over.

People think they understand what the monetary system is which, sadly, is not the case. It is not the garbage that we were taught in Economics class or what is promoted on CNBC.

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