Why The US Must Change The Fiat System

The US monetary system has been a subject of intense debate in recent years, with many experts questioning the effectiveness of the current fiat system. The video you’re about to watch argues for its reinstatement. Under the current fiat system, governments have the power to print money out of thin air, leading to an increase in the money supply, and ultimately, inflation. The lack of a solid anchor, such as gold, makes the value of fiat currency dependent on the trust placed in the government and the banking system, which can lead to a loss of confidence in the currency and trigger economic crises, such as the one we’re currently facing. By returning to the gold standard, the value of the US dollar would be tied to a finite resource, providing stability, predictability, and a safeguard against reckless government spending, artificially-induced booms and busts, and “accidental” financial catastrophes which the Fed, as you know, has a poor track record in predicting and fixing.