Exactly. I am not expert, but as I understand it was done using the CV emergency as cover. Since then the Fed has been buying up as much bad debt as possible. My guess is that the plan is to have the economy crash under Biden, but to do it in such a way where the Fed is unquestionably the one responsible, and are left holding a much of the bag as possible. This gives Trump a mandate to remove it completely and return to sound money once he returns to office.
https://dailyinformer.com/2020/03/28/is-the-federal-reserve-being-absorbed-by-the-treasury/
Exactly. I am not expert, but as I understand it was done using the CV emergency as cover. Since then the Fed has been buying up as much bad debt as possible. My guess is that the plan is to have the economy crash under Biden, but to do it in such a way where the Fed is unquestionably the one responsible, and are left holding a much of the bag as possible. This gives Trump a mandate to remove it completely and return to sound money once he returns to office.
I.E., "the best is yet to come" :)