Two important factors have been left out of your analysis. The ability of cheap oil to support the economic growth necessary to support a debt-based monetary system AND the burden/privilege the USA bears by having their currency be the world reserve currency. If the House of Saud and the People’s Republic of China wasn’t dependent upon or unable to resist US military might, then they could require all trade deficits be settled in gold and put a fairly quick end to much of the madness of which you write.

SGI Buddhist, Loves Irish and Latin American Literature, History buff, knows a great deal about Medicare

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