The Fed's Power to Export Inflation

There's only so much that you can do when it comes to utilities and energy consumption. The Fed does have that unique power, which a lot of central banks around the world just simply don't they don't have anything like that. It is essentially a way that the Fed contacts the world in order to help pay for those unfunded treasury expenditures. We are doing it's as if we're doing our level best to destroy the dollar as the reserve currency in the world right now.