It's amazing how gullible some individuals are. How is it an individual can believe that inflation (money printing) can confer benefits, or is even good for individuals in an economy? Would someone let another individual rob their home or savings account of 5 or 10% per year? What if the robber forewarned the individual of the theft that would take place. Would that make it easier to accept the thievery that will take place?
The monetary system is a disaster. The only reason it survives is because it is forced upon individuals. Legal tender laws force an individual to accept a media of exchange against their will. For if they do not comply, force will be used against them. If only we had different individuals running the fed, or different politicians, or more stimulus would things be better........That is the normal reaction from individuals. Yet things don't change, they get worse as freedom and liberty are stripped away. Repeating the same things over and over again and expecting the same result is insanity. The conclusion one can draw from government is insanity. Many individuals whom founded the nation believed that freedom should be expanded. Thomas Jefferson even said "I have no fear, but that the result of our experiment will be, that men may be trusted to govern themselves without a master" For that is the logical conclusion of freedom and liberty, if one truly believes in them. It can be no other way, as that would be antithetical to what freedom and liberty is.
For 6,000 years, gold was a preferred media of exchange. It was a commodity, and was tested on the market by individuals. It was considered valuable through it's properties, and therefore became an accepted media. The same goes for silver, but silver historically had less purchasing power than gold. It was normally used for smaller transactions. The only way fiat money which has no real value such as the dollar, and other "paper" money remain in existence is through legal tender laws and the force of government. In 1933 the government (through Executive order by FDR) robbed individuals of gold, which was required to be deposited into the federal reserve bank. Individuals were threatened with fines and imprisonment if they didn't comply. From then on, gold was not redeemable for dollars. The only time this happened was under the Bretton Woods agreement, which was a failure in it's inception (just as the FED RES is, as it mismatches assets and liabilities through fractional reserve banking). Individuals themselves could not redeem gold for dollars, but other countries could. When the politicians and the FED RES was caught pyramiding dollars on top of gold, instead of being robbed, the other countries demanded their gold back and were abandoning the inflated dollar. That was why Nixon closed the gold window, as there was an outflow of gold.
So, here is a thought experiment. What if an individual came to one's home and offered to buy it with monopoly money? Do you think someone would accept it? They would probably say no, and ask that individual to get off their land. So how is it someone can accept a worthless note made of wood pulp cotton, linen, and silk? Because a bunch of bankers and politicians say so? That has to be the most preposterous line one has ever heard of, and a horrid scam to boot. This would equate to someone accepting the monopoly money as a means of exchange for their home. For if the bankers and politicians would proclaim the new currency is monopoly money, many would rush to grab their board games and raid the bank. So there is a central bank which is "constrained" by politicians, as the central banks goal is to eliminate unemployment and market fluctuations, and also help the situation by controlling the rate of interest. Sadly, through force and threats of imprisonment and violence, others whom are not gullible are forced to comply with this nonsense, and are robbed of their freedom, liberty and media of exchange through currency debauchery.
The debt is growing, purchasing power has been continually reduced, savers are punished, and the market is manipulated continually. The results are disastrous, yet individuals keep believing the scam that is the dollar and the monetary system along with the bankers and politicians themselves.