Well I think you are right. The Fed has been doing QE and lowering the yields. This does nothing to solve the liquidity crisis but the dollar itself hasn't really mooned by doing so.
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The simple act of even mentioning the FED raises huge red flags for me.
All of these concepts I'm talking about to do not apply to currencies with centralized inflation.
Even Bitcoin has centralized inflation because inflation is only applied to miners.
The ability for yield farms to distribute massive amounts of new-money non-debt inflation directly to the community is a completely different animal.