They must destroy the banks and our confidence in the banks in order to get rid of money as we know it.
Fet ready for a no cash economy over which the government has total control.
Remember, “You will own nothing and love it”.
Or die.
Fed could easily reduce pressure by allowing banks to hold and manage other real estate until they can sell at a reasonable price. Real estate market collapses are an old game just like the stock market. Those in the know run up prices, sell at the peak, park their cash and wait for the collapse (aided by Fed regulations), and then repurchase properties at a greatly reduced price. Once their portfolio has grown and demand returns, the cycle begins again. Those at the top get wealthy while average Joe loses their home or business. Banks fail, usually because of liquidity issues. Seems to me the Fed ought to provide liquidity and maintain a fairly stable market instead of forcing a collapse, but then they and their friends wouldn’t become richer.