The paper dollar experiment of the last 40 years has reached an unsolvable impasse. Since 1971, when Nixon closed the gold window, there has been zero restraint on the Fed’s ability to finance the US government’s boondoggle spending programs both foreign and domestic.
The government doesn’t even have to rely on tax receipts any more. It simply issues bonds to borrow the money. The Fed ensures those bonds are always bought, buying them itself if necessary, as with QE1 and QE2.
There is no solution to the crisis, merely a choice of which of road to choose: a deflationary debt collapse, or a hyperinflationary dollar collapse. Pick your poison, courtesy of the Fed.