Every other country in the world that has a government of more than a tin pot dictator is following pretty much the same economic policy. They have no realistic alternative to using the US Dollar as their Reserve Currency. Well they do... The Euro... which is in worse shape.
You need to draw a distinction between the government printing money and a private entity borrowing money. The governemnt will never pay off it's debt. The purpose or intent was never there to pay it off. That's not to say it doesn't need to be managed... and I'm not saying it isn't well out of hand today compared to where it should be... but at that level paying it off is not really the point. If the money supply was limited to the amount of gold in the world you would have no realistic way to manage the money supply... and not managing the money supply is a big part of what has caused past panics and the unwinding of previous currencies. Would you really want to rely on a currency today where most known unmined reserves exist in Africa and South America? We've taken most of our gold from the ground already... I'm not sure why you see the Fed as being run by criminals. That kind of stuff is the spin that is place don facts by people with an agenda to sell that generally has nothing to do with the fed. Or they see some grand conspiracy in the normal workings of an organization simply because they don't understand exactly what it is the organization does.
We're sitting here argueing about macro economic theory... a subject that's hardly agreed upon by leading economists of the past century let alone anyone else... but this much I do know... none of them advocated a return to the gold standard.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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