These were the steps enumerated: (Swinging from quantity and quality)
1. The country has a solid monetary system in gold and silver
2. The country takes on more expenditure
3. The country funds a massive military
4. The military is used and expenditures expands (Not true for US it sells armaments to the word)
5. The country debases the currency with deficit spending
6. The population senses the worthlessness of the currency
7 People shift to gold and silver; a great transfer of wealth from those hoding on to fiat currency to those holding gold
Our country is in 5, beginning with Duterte. However, it is hoped that we are not printing more money.. But borrowing more
But in 2022, our base currency increasing from mere P1.8 trillion to P2.0 trillion
https://tradingeconomics.com/philippines/money-supply-m0 P200 billion increase
Philippine Gold Reserves - down to 157.00 tonnes from 197.00 Do we have enough gold
Its $64.7 million x 157.00 tonnes = $ 10,157.9 billion x 54 = P548,526.66 billion gold reserves went down by 40 tons x $64.7 = $2,588 billion x 54 = P139,752 billion
Roughly 547,526 /2,000,000 = 27% of total base currency. This does not include loans to bank which is P9.3 trillion
So total currency is $11 trillion (P9.3 + 2) Gold reserve vs total currency is 2.5% how thin. When the currency system collapses....
