Two things can be true. American excellence is real but fiat is an abomination.

You think the Fed's bad, how much worse was the 75 years or so of LIBOR controlled interest rates in the Eurodollar system where most dollars are born, live, and die, outside of the reach of the Fed and the Treasury? Which even governed floating rate debt IN the US, despite being determined by a small group of London and European banks.

Thankfully LIBOR was finally killed as a policy rate, bringing dollar policy back on shore with SOFR. Still fiat shenanigans, but it's now at least an American currency that serves American interests, instead of London.

American parasitic interests sure, but at least they're OUR parasites now.

And we can finally sit back and watch Europe crumble. And perhaps even finally actually gain some independence from Britain, but there is still the deep state to contend with.