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https://www.youtube.com/watch?v=pNIE7qUePq8&t=2086s

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[–] 0 pt (edited )

Economic expansion has and will continue to outstrip any increase in the amount of physical gold our country has.

First, let me state history tells us gold and silver has always had good stable value. In Roman times, an once of gold was said to buy a very good suit of clothes. Today, the same is true. Contrary to this, paper denominations always end up being worthless. I have a lot of pre-1984 Mexican currency, which is absolutely worthless today. If you want a very good history of currency watch "The Money Masters" by Bill Still. I watched it back in the 1990s when it first came out. It's an incredible documentary.

Also, the fractional reserve banking system and its exorbitant inflation tends to outstrip, as you say, any increase in the amount of physical gold our country has. This is always the case of a Ponzi scheme as it accelerates and begins to spiral out of control. Let's look at one aspect of the fractional reserve banking system that reveals it for what it actually is:

I'll use a calculation from the year 2021 I did.

Imagine if just one penny had been borrowed at 6 percent compound interest in the year Jesus of Nazareth was born and no payments were made, how much would be owed today in year 2021?

The formula for annual compound interest is: FV = PV(1 + i)n where PV is the present value $0.01, i is the interest of 6% and n is the number of years- 2021. FV is the future value of the debt owed in the year 2021.

We substitute the amounts in the equation thus:

(.01) x (1.06)2021 = 1.39 x 1049 dollars (1.39 followed by 49 zeroes)

Let's determine how much money this is, shall we?

If we think of it in terms of gold, divide the amount by the current price of gold ($1857.82/oz) we get:

7.48 x 1045 troy ounces of gold

How much gold is that?

There are 14.6 troy ounces in a pound and 1,205.6 pounds in a cubic foot of gold, we get:

4.25 x 1041 cubic feet of gold

To imagine that much gold, we need to think in terms of astronomy. The sun has a diameter of 865,000 miles. Its volume is therefore 4.99 x 1028 cubic feet. Dividing into the above figure gives us:

1.21 x 1022 solid gold suns

If we assume that an average galaxy like the Milky Way contains one billion stars like the sun, we get:

1.21 x 1013 galaxies of a billion solid gold suns!!!

All this from a single penny borrowed in the time of Christ!

Now you know why compound interest as the most remarkable thing in the universe. Can you now see how the world's debt has become a "mere" 250 trillion dollars?

Now define usury after trying to wrap your mind around this. (.01) x (1.06)2021 = $(1.39 x 1049 ) = 1.21 x 1013 galaxies of a billion solid gold suns