The US is up past its eyeballs in debt. Even if the fed taxed us all 100% of our incomes from now till forever, the fed wouldn't even be able to make the interest payments.
Almost all oil purchased in the world is purchased using American dollars. The only countries that refused to do this was Iraq, Iran, and Venezuela.
Since America left the gold standard to back the dollar in the 1970's the value of the dollar has been on the decline and debt has increased. The only way that the American financial system can stay afloat is to keep a choke hold on the global oil market.
But other countries like Saudi, UAE, China, and a bunch more are slowly dumping investments in the US dollar and going for the euro. Which is why the dollar is falling and the euro is rising.
The US dollar is going to take a serious dump pretty soon. If ya'll r smart you'll open a European savings account and invest in gold. Its the only way to protect your money from the coming hyper inflation.