They aren’t thopic.twitter.com/16lOBfXtfj
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If only they were the lynchpin, alas they’re not. The Fed doesn’t even control most dollar creation. Being the reserve currency issuer like the Fed/ treasury are in tandem isn’t only fun and games. And the Fed provided swap lines to most of the rest of the world & that was good
they should let it fall apart. the wrong things are being kept alive.
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