Cultural Marxism in America: US DOLLAR, 1792 - Present (Segment 2)

In this segment of "America Under Fire — The Old Guy Speaks," we explore the history of the U.S. dollar, from its gold-backed origins in 1792 to its current status as a fiat currency. Once exchangeable for gold, the dollar's value was stable for much of its history. However, significant changes began with the establishment of the Federal Reserve in 1913, particularly after Nixon ended the gold standard in 1971. This shift to fiat currency, not backed by any physical commodity, has enabled uncontrolled deficit spending, leading to a 99% loss in the dollar's value since the Fed's inception.

Today, the consequences of these fiscal policies are evident in the rising national debt and inflation that outpaces official measures. Everyday goods, like the Ford F-150 and Big Macs, have seen dramatic price increases, far beyond what government inflation statistics suggest. This segment highlights how the dollar's decline is tied to deeper issues of deficit spending and economic mismanagement, reflecting broader ethical and moral challenges in America's financial policies.

00:00 Introduction to America Under Fire
00:25 History of the US Dollar
01:02 The Role of the Federal Reserve
02:10 Milestones in US Dollar History
06:56 Deficit Spending and Its Consequences
08:32 Understanding the National Debt
18:23 Inflation and Its Real Impact
22:27 Conclusion and Future Outlook