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Politics : View from the Center and Left

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To: Jamie153 who wrote (474687)	6/9/2021 6:32:28 PM
From: cosmicforce	Read Replies (1) of 542139

What will bankrupt us is not going to the gold standard but generating the kind of inflation that our current economic policies are going to eventually create for your generation... The loss of the US dollar as the world currency would bring a harsh reckoning for everyone on this thrill ride - Using my previous references - there is roughly $400 TRILLION in worldwide wealth. That is after subtracting $281 TRILLION in worldwide debt (2021 numbers). Most humans are literally incapable of visualizing these numbers. In a flat stack of $100 US bills that is =6.8e14 * 0.0043 / 12 / 5280 / 100 =461,489 miles of $100 notes. Lying flat - not end to end. The distance to the moon is only 238,900 mi (a little over half that). It took the astronauts 3 days to travel that distance - averaging 4 miles per second. A laser would take about 1.5 seconds to transit the pile.

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