It's fiat currency. They can print cash out at will and assign it any value they want at any given time. Interest rates and debts are just a smokescreen for the real wizardry that goes on behind the scenes. The Fed could tell you that 1 dollar is work spit, or that one penny is worth $1000 and you would just have to accept that reality because they alone set the economic standards.
They maintain control by creating artificial scarcity of wealth by raising and lowering the value of the dollar at will.
It's fiat currency. They can print cash out at will and assign it any value they want at any given time. Interest rates and debts are just a smokescreen for the real wizardry that goes on behind the scenes. The Fed could tell you that 1 dollar is work spit, or that one penny is worth $1000 and you would just have to accept that reality because they alone set the economic standards.
They maintain control by creating artificial scarcity of wealth by raising and lowering the value of the dollar at will.