One of the most important responsibilities given to Congress was to regulate the value of our money. For most of our nation's inflation was not a major problem. The cost of an ounce of gold remained virtually constant for over 100 years.
Things changed significantly in 1913 when Congress illegally transferred to the Federal Reserve the authority to issue our nation's money. Since that time the purchasing power of a dollar in 1913 has dropped to less than 5 cents.
Inflation is caused when the supply of money in circulation increases without an equivalent increase in the nation's goods and services. The laws which allow banks to loan money they don't have is the reason why prices continue to rise and the value of the dollar continues to plummet.
We must end fractional reserve banking and Congress must assume their Constitutional duty to regulare the value of our money. The Constitution did not authorize Congress to delegate their responsibility to regulate the value of our money to a privately owned corporation owned by rich and powerful international bankers.
When Congress issue money based on wealth the people prosper, but when money is created as a debt instrument the people mourn and the bankers rejoice.
If we were to return to the Gold Standard and we allowed the Federal Reserve to continue regulating the value of our money we would still experience inflation and the devaluation of our dollars.
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