I believe i understand ....

As the story goes the dollar was 100% backed by gold way back when. I think it was sometime around the Roosevelt administration that they gradually began to de-couple the value of the dollar from gold. They completed the process sometime during the Nixon administration.

This part makes sense. In order to expand the size of your economy you have to expand the money supply. If the monetary unit is tied to physical gold it's limited to the amount of gold you have on hand to back it up.

Once we were unchained from gold we could expand the money supply as much as needed.

In a weird way this applies to the debt clock too ! See ... as we expand the money supply it devalues the dollar AND devalues the debt. We could run the debt up to 100 trillion dollars and it wouldn't be a problem as long as we devalued the dollar accordingly. Neat trick huh ?

The government of Zimbabwe inflated their currency by one million percent a number of years back thus cancelling their national debt.

There was a huge cost in human terms.



Something similar is happening here. Our standard of living has been declining. The moderately wealthy have been driven down into the middle class. The middle class has been driven down into the working class. The working class folks have been driven into the dust. It's brutal ....

I think that if people understood there might be a chance to turn things around. There ain't no such thing as a free lunch.Every time they increase the debt -or- inflate the money supply to compensate it comes out of your hide. Doesn't matter if you're rich or poor cause we're all affected by it.