Is the Federal Reserve acting in our best interest?

As I have been doing more research into the Fed (Federal Reserve System) I am growing in the belief that it is time to make drastic changes in the Fed, if not do away with it altogether. The Fed was created as a result of the Federal Reserve Act of 1913 as the brainchild of the most powerful private bankers of the day. In short, it was created to ensure good fortune for said bankers.

The main problems with the Fed, and reasons why it needs changes, have recently been written about by one of the writers I follow closely, Jim Jubak. Please click on this link to see 5 reasons why Jim Jubak has big problems with the Fed as well. http://articles.moneycentral.msn.com/Investing/JubaksJournal/5-reasons-the-fed-is-obsolete.aspx

I'm no expert on banking and the financial system, but I do posses common sense. My common sense tells me that when you print enormous sums of paper money, you dilute the value of all the money. Since the creation of the Fed, the US Dollar has lost over 90% of it's value. That is astounding....and absurd. My common sense tells me it is time take action to increase the value of the US Dollar. Perhaps, and this is a shocker, moving BACK to the method of backing every US Dollar with something real and valuable, like, say, GOLD!

We are a pivotal point in our history. If we continue down the path that all of these haughty "one worlders" want to take us on, we will see a continuing devaluation of the dollar, meteoric rises in inflation, and a US economy not the envy of the world, but a laughing stock. Remember, there are many countries around the world who wish us ill will and would love to see a collapse of the USA.

Or, we can come together, and say enough is enough. We can restore our financial integrity and strength in the world. But instead of relying purely on people who spend their lives studying what other studiers write, perhaps we ought to give good old common sense a try......