The news today is that the 3rd largest holder of US debt is Belgium. Maybe that doesn't sound newsworthy, but we do know that the country of Belgium is far too small to hold $341 billion in US debt.
So the question needs to be answered, who is using Belgium as a front? If in fact it is the Federal Reserve that is doing this, we literally have our currency being used to build a house of cards. If the Fed is printing US money and buying US debt through a 3rd party, they succeed only in temporarily propping up the currency.
A harsh breeze, generated perhaps by a major terrorist attack or even a shooting war between Russia and the Ukraine, could take this house of cards down.