The United States Fed don't know what they're doing? I think this is all by design! It's a controlled demolition of their economy, in order to hide the source and pave the way for a new, controllable monetary system (cashless, of course). The next war will just transfer the final dregs of wealth from the masses to TPTB in order to make the people powerless and utterly dependant on tyrannical government(s) world wide.
Perhaps I'm one of the brainwashed minions then but I simply don't see what an empire in decline (the former U.S. Empire) stands to gain by devaluing its own currency to the point of Hyper-Inflation!!!
If the history of both "Colonial/Empirical Powers *and* Economics has taught me anything it is that those in the drivers seat usually can't see the forrest because all the darn trees are in the way "at the time" and that only the benefit of hindsight grants tem the abiity to actually analyze the pro's and con's of their actions..... thus the term "History will be the ultimate judge".
All te Fed is doing with its current policies is making it increasingly more attractive for countries such as China, Russia, Iran, North Korea etc to carry out "Unilateral Trade Deals" that cut out the use of the so called "Global Reserve Currency", the USD (de facto reserve currency in fact) altogether in favor of direct exchange of tangible assets &/or unique/valuable (for whatever reason) services. This bypassing of USD will only serve to accelerate the over accumulation of USD by "cash stashers", furthering the stagnation of and highlighting the vast excess of fiat dollars, a cycly of *Deflation* which most economists agree usually precedes Hyper-Inflation which then occurs as savers who have been stashing their cash rush to buy luxury goods and land with the artifically inflated value their $$ temporarilly have, in turn this floods the markets with yet more cash which ultimately snowballs creating the ideal foundation for runaway inflation as the excessive supply of cash in the form of USD perpetually becomes worth less and less as more and more people dump their USD in favor of something more durable.....bullion for example!