Since the US has stopped backing the dollar by gold we are now seeing the effects. You need to be fully aware the debt of the US has been caused by this one simple decision. Without the backing of gold the US has since created their own money system where they can uncontrollable produce money at will. If you have nothing to control that production i.e gold, then you can essentially make as much of something as you'd like. As we all know if you have a lot or too much of something going around then it loses its value. The US dollar is now in this situation, we have uncontrollably produced so much money that it is losing its value each year resulting in inflation.
"End of Road : How Money Became Worthless"
Please watch it explains in more detail what i'm trying to explain



