Should an IOU backed by faith and creditremain relatively stableas long as faith and credit exist?

If more is worth less

could less be worth more?

 

One of the really interesting things about supernovae

 is that, when the explosion takes place

 the elements that had been formed inside the star

 …calcium or iron or other elements

 that are made in the ordinary course of the star's burning

 plus, new elements that are synthesized in the explosion itself

 those elements get blasted out into the gas between the stars

 

And they become the raw material for the next generation of stars

and for planets and for people

 

The calcium that's in your bones and the iron that's in your blood

 or if you're wearing gold jewelry

 those atoms…were manufactured in supernova explosions

 that took place early in the history of our galaxy

 before the sun formed and before the Earth formed

 

So you are really star material

 

Dr Robert Kirshner

Supernova Expert

Harvard-Smithsonian Center for Astrophysics

 

If the totality of gold ever mined

equals about a third of the Washington Monument

and annual global gold production is about 2,500 tons

and all the governments of the world

are printing ever larger supplies of paper money

could a finite, relatively scarce inanimate metal

considered a means of monetary exchange

since the dawn of civilization

offset governmental profligate hubris?

 

Nations are not ruined by one act of violence

but quite often, gradually, and almost imperceptibly

by the depreciation of their currency through excessive quantity

 

Nicolas Copernicus

Discovered Earth was not the center of the Universe