They have huge assets? Really? What assets are those?
The US went off the gold standard in 1971. We do not back the money with anything except the Fed’s say so.
Are we selling real estate to pay our bills? No, we sell debt to pay our bills. And there is more debt in this country than for any other country in the history of history.
The ONLY asset the fed has is the ability to create more money with the push of a button. There is no limit and there is no controlling entitiy.
It is a little scary if you think about it. At least you and I have credit limits based on what we earn and the hard assets we possess. The Fed can literally push a button and create money in the system.
They have been doing it by buying assets (They are the largest mortgage holder in the world) with printed money. They only do that because it makes it look good. They CAN flood the markets with cash whenever they want.
At least bitcoin has controls to avoid that.