It has collapsed.
They have been propping up the corpse like that Burny movie.
Maybe think about it along these lines. They have already spent all of the profits from our labor and that is why it is no longer profitable to work or hire employees.
The problem may not be so much the Federal Reserve itself but the unrestrained borrowing that is being done through it.
Basically what this chart attempts to show is the buying power of the dollar. It is based on the Consumer Price Index.
See the little bump near the Revolutionary War? That is when the government printed up fiat money to help pay for the war. It was received so badly that, that is how the term, “Worthless as a Continental” came about.
You can see the other attempts at printing fiat money to finance wars on down through the years.
Now we get to recent history most of us can remember. Many of us will remember different things concerning the spending by the government; money it didn't have.
For me I remember my youth and the governments plan for, “Zero Population Growth” when they came into the schools and claimed the country was getting to crowded because we were running out of water, room on the roads, and things. They must have spent a lot on that and even more on subverting the nations immigration laws and flooding the county with illegal labor for the criminals in business.
Then there was the Vietnam War, and on, and on, and on with one need after the other for printing up fiat money it didn't have to manipulate the citizens of The United States and the, “We the People” of the world.
See the little line on the chart rise and rise and rise showing the value of our money being sucked dry by the vampires in the government.
Right now they are spending money to convince us that we need them to come to the rescue of our health care system. Like we've seen many times before they get the money they've just printed up out of thin air to their front organizations to get their dirty work done. You may say it isn't much, but look at the line on the chart. It all adds up and...What is it going to cost us in the future?
Not only are we responsible for the debt we are encoring but we are the only ones that seem to be held to the rules and all of the new laws they think up. Since California's Proposition 187 we know they are not only going to abide by ours but theirs as well.
When you realize that every time they spend money they don't have here, everyone anywhere in the world that holds a Federal Reserve Note is stiffed with the devaluation of the money they hold and are in fact paying the bill here, whether they realize it or not.
Maybe that is what they are thinking when they spend, and spend, and spend the way they do?????
Personally I think we need to come clean and regain control of our spending and our currency.
The CPI chart was reprinted with permission.
http://oregonstate.edu/cla/polisci/faculty/sahr-robert