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After the passage of the CARES ACT in 2020 and the FED increasing it's balance sheet by 3T in about 6 weeks, for the first time in at least 40 years there was an OUTFLOW of foreign capital from US Treasuries...The meaning of this is that the USD and Treasuries HAS LOST IT"S SAFE HAVEN STATUS. Which in past times of distress has always meant that the US could borrow more money at low interest rates.

Now it is up to the FED to purchase any unsold Treasuries to maintain control of interest rates so that debt service does not become unsustainable. Which if it got out of hand could force the US to DEFAULT on it's debt obligations. To accomplish this the FED is QEing 120B a month in mortgage backed securities and Treasuries with an estimated having 9T on the balance sheet by the end of 2022.

As the situation has developed since March 2020 and especially after the 2021's 1.9T RECOVERY ACT, Crypto currencies have gained evermore traction and legitimacy in the mainstream financial world as an ALTERNATIVE to a NOW SUSPECT or SHAKY USD. This new found legitimacy ultimately means that the 230 year Rock Of Gibraltar USD has like a prize fighter who has taken one too many punches has wobbled.

The FED's recent weaving and dodging actions at the Reverse Repo window which in the past week has gone from 200B a day to 450B a day, delegitimizing crypto causing it's recent steep decline, Bidens reducing his Infrastructure Bill from 2.3T to 1.7T and potentially to 1T ALL INDICATE AN INSTABILITY IN THE USD... AND MORE OVER AN EFFORT TO STABILIZE OR SAVE THE USD from the ADVERSE SHIFT of a global unloading of them wholesale... Needless to say if that happens the USA becomes a 3rd World Nation OVERNIGHT.

The FED is trying to restore USD credibility, or to save Americans from themselves and their delusion of being a rich nation.