That seems to be what our Fed Gov't has been saying for years. Talk about hubris!
It's no wonder that countries in Asia, Africa, Latin America, the Middle East, pockets of Europe, and a few other places are fed-up-to-the-gills with the USA's holier-than-thou arrogance. The majority of our politicians appear to be stuck in the Past, with no clue as to how the world is changing. They cling to the hostile, immature concept of: whoever has the biggest stick gets to make all the rules.
Add to the above the fact that we're overextended financially and militarily, plus we're in massive ecological overshoot, and it becomes clear why the USA Empire is crumbling. In the long run, that's a good thing. The Rat-Race existence which some refer to as "The American Dream" is somewhat like junk food. It looks good and tastes good, but it's not especially good for you.
A few have awakened (some long ago), but most of our politicians are in a dogmatic slumber, and such does not bode well for Main Street or the world. The sleepers are stuck in war, trickle-down economics, patriarchy, neocolonialism, neoliberalism, and "holier-than-thou"-ism. It doesn't have to be this way.
Politicians who are stuck in the Past (McCarthy, Pence, Trump, Biden, Schumer, et al.) don't have a majority of voters supporting them today but are at the top of the game because of the RNC and the DNC. Those two Committees (it seems to me) make sure that forward-looking, comprehensive thinkers don't get nominated to run for President. So with the Dems, people like Warren and Sanders don't have a chance. With the Repubs, someone who has (for example) a non-interventionist foreign policy - such as Rand Paul - has no chance either.
What it all means to me is as follows. The stale, out-of-touch, Establishment factions - which are the majority in the top tiers of each major Party - will almost always be the lapdogs of the Oligarchs and Plutocrats. Overall, that means we'll continue to have wars, interventions, sanctions, eco-overshoot, insane military spending, neocolonialism, etc. That is, unless we...
stop electing those who adhere to failed concepts/policies/actions.
Neoliberalism, neocolonialism, trickle-down economics, constant intervention in the affairs of other nations, spying on literally everyone, trying to be the world's police, financial/economic sanctions (which harm Main Streets more than Leaders), and acting as if we are King of the World are all not only bad ideas/actions, but also dangerous to world stability. If - because of the RNC & DNC - only oligarch lapdogs are on the ticket, then vote for the Green Party (which is better by far for the world than the major Parties) , or the Constitution Party, or the Libertarian Party, or some other Party.
People say, but third parties don't have a chance of getting elected. They certainly don't if everyone keeps saying and believing that. In any case, such could be a loud message to the major Parties, a boycott of sorts...IF enough people participated. Or, simply don't vote. The game is rigged anyway (but not in the manner thought by the Trump Cult).
I've been keenly observing USA elections since 1956 and one thing is clear. About 95% of the time, voters keep electing the same types of politicians to high office: smooth talkers, believers in USA hegemony, people who essentially are ecologically illiterate, those who think infinite economic growth is a good thing, people who have interventionist foreign policies, and those who believe the USA should be the world's police force. All of that must cease if we are to provide our progeny a sustainable future.
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Not only my opinion. Be Well
Actually, it's a horrible concept when it gets down to the Main Street consumer level. If I understand it correctly, you may as well add the Fed to your bank account as a co-account-holder. [Why would anyone do anything similar to that!? Mind boggling:]