The financial system is basically a giant game of musical chairs, except the Fed is always there to add more chairs when things get shaky. Their latest idea? Instead of just lending against Treasuries, they’ll buy them outright and hedge with futures. Same trick, different name. The Fed keeps stepping in as the “synthetic lender of last resort,” making sure nobody has to actually face the consequences of their bets.

Meanwhile, banks keep getting squeezed by regulations, so the risky stuff just moves to non-bank financial firms. The same banks that aren’t supposed to take on too much risk just end up lending to these shadow institutions instead. Problem solved, right?

The whole system is held together by intervention, leverage, and creative excuses for printing more money. If only there were a way to do money, savings, and assets that didn’t rely on this mess. Oh wait… we have Bitcoin.