Where Is America Fiscally?

If you are following the recent financial and political events in the United States, you well might ask, just where is America today fiscally? I'm not sure anyone can answer that question, but it needs to be asked, loud and clear, by everyone everywhere who cares whether America survives.
Fiscally, we are in the hands of a Federal Reserve chairman who seems to be determined to drive the US Dollar down into perdition. I don't know how much longer the world's financial community, that is, those who buy American debt and support the Dollar, will continue to trust our judgment - read that, Ben Bernanke's judgment. He appears to be much like President Obama - apply textbook logic and hope it will work out in real life. The problem is that everyone except Bernanke knows it's not working and they are frightened.
To put it into terms we can all appreciate : let's say you had invested 100% of your savings in US Dollars ten years ago. But, the Fed chairman was continually reducing the value of the Dollar by printing ever more of them, so that today your 100% was worth 60% of the value you had when you invested it. Would you continue to hang on, trusting that some day Bernanke will make it right and your savings will not only recover their original value but some interest as well? Or would you say, whoa, I've got to get out of here before I lose everything. That is the question facing many governmental and private investors right now. We like to beat up on China for its foreign exchange policy, but we forget to add that its enormous investment in US Dollars has lost a considerable part of its value since Obama and Bernanke started down the path of spend-and- print-forever policy.
And everyone who pays in Dollars - Americans and everyone who buys petroleum or copper or wheat or any commodity - will see prices rise for the commodity itself or for the things made from it. If a Dollar is worth 60% of its former value, isn't it logical to expect that everything valued and priced in Dollars will become more expensive to make up for the less valuable Dollar? That's inflation at work.
If those Dollars were 1936 Bugatti's, of which the world believed only five existed, and you had bought one for several millions of Dollars, only to find out later that there was a basement full of them in Rome just waiting to be sold for much less, wouldn't you try to sell your Bugatti now and salvage a little of your investment before the value of 1936 Bugatti's fell drastically on the entry of a lot more of them into the market. That's what will happen one day with US Dollars unless we get hold of our national finances.
It's the dilemma of every investor in US Dollars today, whether their investment is in Treasury Notes and Bonds, or in Dollars accumulated in bank accounts and investments such as houses.
Ron Paul, a Texas maverick of a congressman who has already served for a quarter century in Washington, all the while scolding and warning about the consequences of the "easy Dollar" policy that the Federal Reserve often follows and being ignored or called a fool for his efforts, is about to take over the chairmanship of the congressional committee that oversees the Federal Reserve. He promises close scrutiny and timely reporting by the Fed, something that until now has never occurred. This will perhaps make the Fed more responsible and more responsive to America.
We all ought to be cheering Ron Paul on. Democrats. Republicans. Americans. Countries around the globe. Everyone in the world.
Because if Ron Paul fails and the Federal Reserve goes on, unchecked, with its current policy of printing Dollars, we will all pay. In Dollars worth about 50% of their current debased value. Think about it.