Our economy has been on the track to a collapse ever since the Federal Reserve left the gold standard. You see the gold standard meant that for every dollar that went into print had an equivalent amount of gold in Fort Knox, this meant that each dollar was not just a piece of worthless paper but a certificate that you had a small amount of gold in Fort Knox. This was a good system until we decided to switch to a Fiat standard which system that says that by having this paper you have a pledge from the government that you will be paid backed “by future claims to wealth of American taxpayers and other income sources of the Treasury.” Wikipedia 08’
This means that the government can produce more bills than it has money to back up. This is what is happening today. The government pays its bailouts like this, with money it does not have. This may solve the problem on the surface but it actually increases dept and makes the bill worthless. This gets us through the day but will eminently destroy us tomorrow.
We need a reform now before it is to late, our economy is collapsing and we are only making it worse.