A number of people are wondering if the dollar is going to collapse. History is replete with instances of states printing money out of thin air and subsequently dooming the monetary unit to worthlessness. Is it possible that the United States is heading on the same path?

One has to only look back to 1913 when the quasi public/private Federal Reserve was instituted to see how the value of the dollar has fallen. It is said that a dollar in 1913 would only be worth four cents today. This is an extraordinary rate of inflation. It appears that in the time proceeding the institution of the Federal Reserve and its Fiat monetary policy that the dollar was relatively stable. Is it time for the US to go back to the gold standard, to shut down the Federal Reserve, and to end the unconstitutional income tax?

I am not an expert economist but it does not take an advanced degree to see that printing more money causes the value of that money to decrease. The lowering of interest rates only causes more inflation in greater consumer indebtedness in the long run. Can the US stop spending itself into oblivion? The answer remains to be seen. One thing is for certain, that once people lose faith in the dollar that an economic crisis looms on the horizon. My solution would be to have the money backed by the US gold reserve. It is important to regain faith in the dollar and this should be a priority of the government and the people.

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