A short answer is yes and no... while the FED can keep printing money(and decreasing the value) there has to be a buyer of that debt, or devaluation. so in essence the FED is simply, at any point creating debt that someone else is buying. This isn't a problem until someone stops buying that debt. As we continue to weave the global economies together the ability to create more debt becomes increasingly difficult because doing so eventually hurts the global economy. eventually we will have another global economic crash in which we suffer a devastating repeat of the "great depression" in which everyone loses. when that happens the global community will do as before and will simply write off the debt and start over from scratch again...what should scare you the most is that global depressions are cyclical and normally happen about every 80 to 100 years. the problem is we are overdue a global depression by about a decade or so based on an 80 year cycle or will have one in about 10 years if you base it on a 100 year cycle. The global central banks, including the FED, have manipulated the global economies, and managed to stave off the global economic colapse that would have likely have happened in 2007, which means that having manipulated it, and the slow rate in which the central banks are returning to "normal" interest rates mean that it will almost be impossible for them to stave off the next trigger that sets off a global economic collapse....when you begin to see global economies begin to falter be prepared to buy precious metals before the trigger events begin. because when it happens it will happen quickly, and even crypto-currencies will collapse and owning precious metals will once again be the way to weather the collapse...