The Federal Reserve was established in 1913 which, ironically, was the same year that the Federal Income Tax was enacted. The creation of both guaranteed the eventual bankruptcy of our great Republic. Congress effectively granted the Federal Reserve (a private bank) a monopoly on the issuance of our currency. When President Richard Nixon officially eliminated the dollar's peg to gold, the US Dollar officially became a fiat currency; an instrument of debt that can be used to levy a stealth tax (inflation) on the American people, while concurrently allowing the US government to run massive deficits (knowing full well that the Fed would indirectly monetize these deficits).
We the People do not need a debt-backed fiat currency and do not need private baking oligarchs to control our nation.