pascoe-meter update, page-66

Skol:
"The USA had a bigger debt/gdp ratio in the late 1940's.

How do you explain that?"

In the 1940s, the US made stuff and supplied the world and accumulated over 22000 tons of gold.

Today, the world makes stuff and supplies the US, and would have drained of all its gold if the gold standard had stayed.

The US conned the world with their papers and the world is waking up to this ponzi scheme.