When I first put the idea out there it was met with intense skepticism and, for the most part, it still is.

The Fed has long been the punching bag of hard money and alternative finance types because, frankly, it always deserved it. For nearly the past generation, until June of 2021, the Fed acted as the Central Bank of the World.

But we're rapidly reaching the moment where a lot of people are finally beginning to realize maybe the vaunted "Fed Put," the belief that the Fed always comes to the market's rescue isn't going to show up anytime soon, if at all.

Whenever there was a major crisis on the horizon the Fed was always there to provide the world with the dollars needed to keep things from collapsing completely. This was especially true in the aftermath of Lehman Bros. and the 2008 housing crisis which broke the post-Bretton Woods Dollar Reserve Standard ushered in by Paul Volcker's extreme monetary policy of the early 1980's.

2008's crisis led to the aftershocks of the summer of 2011 when the US lost its AAA debt rating and gold spiked to over$1900 per ounce on the fears the unfolding sovereign debt crisis in Europe would take center stage.