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To: Alberta's Child
"#1 priority is protecting the value of the underlying asset behind the entire banking system: the U.S. dollar."
If that's the #1 goal, they've failed miserably for the past 100 years or so.
53 posted on 08/30/2024 10:10:29 AM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
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To: citizen
Actually, they've done a fantastic job.

They're not interesting in the dollar as a store of value over the long term. They're interested in the value of the dollar as a medium of exchange today and for the future.

You've got the U.S. Treasury lending money at ridiculously low interest rates even while the country is $35T in debt. Who wouldn't consider that a huge success?

54 posted on 08/30/2024 10:12:55 AM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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