Bingo. That's the entire Jekyl Island 100 year long racket in a nutshell.
What's funny is they don't even need to "acquire assets," as holding the debt itself is considered an asset.
The Fed simply prints money and sells it to banks or government... instant asset. Banks sell the same money to the hoi polloi, government gives it away to those who line their pockets, enhance their careers or, at least, vote for them.
All the "product" is created out of thin air, nobody lifts a finger except the hoi polloi who work their asses paying debts and funding government.
Tacit slavery that eventually will not be sustained.
Land and physical assets were the best play for the last 5-10 years or so. But both productivity and gnp just printed north of 5%. Those are big numbers and everyone has seen predictions of bigger numbers to come. The s&p gained something like 18% in 2025. 2026 is primed to go much higher.