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How do you explode the Fed without anyone noticing? You break the repo market with gold and force the Fed to buy all the garbage debt they sold (yes, sold) in the last decade/century.
Your neighborhood bank is a debt WHOLESALER. Every loan you take out was first purchased from the Fed (because banks have to -- it's a monopoly), and resold to you at a markup (above-par interest rate).

The Fed is the manufacturer of all debt in the Babylonian system.
Our currency is a double-edged sword. Sure, it is based on absolutely nothing but fairy dust and unicorn semen, which makes us much easier to control.

BUT, it also means that the Fed is also based on nothing. And anyone willing to see it through can evaporate the illusion.
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