The Federal Reserve's mysterious and complex monetary policies are no longer hidden from the public, thanks to the rise of Bitcoin, meme culture, and inflation. The average person now has a basic understanding of monetary policy and can even mock it with memes. The Fed's credibility is dwindling as people realize its policies don't make sense. The rise of Bitcoin has forced people to learn about fiat money and central banking, making them more informed about the Fed's actions. The public now understands the Fed's tools are blunt, its logic circular, and its credibility paper-thin. People are aware of the Fed's balance sheet and how it affects the economy. The Fed's loss of credibility is not just with economists or foreign creditors, but with the general public. When the next wave of quantitative easing comes, people will see it for what it is: the Fed admitting it can't stop printing without imploding the system. This will lead to a shift towards sound money assets like Bitcoin and gold. The monetary regime that has ruled the world since the 1970s is slowly dying, and the next money print will prove it.
zerohedge.com
zerohedge.com
