Topic: Denarius

In 27 U.S. states, welfare payments now exceed the income from a minimum-wage job, with Hawaii offering over $60,000 in annual benefits. This lack of incentive to work mirrors the late Roman Empire's reliance on state handouts. Furthermore, the U.S. dollar has lost 98% of its purchasing power since 1913, paralleling the debasement of the Roman silver denarius.

Since 1913, the U.S. dollar has lost 98% of its purchasing power, a debasement similar to the Roman denarius. Dr. Elliott explains the concept of "beneficial ownership," where bank depositors technically relinquish ownership of their assets to the bank, allowing for "bail-ins" during financial crises. This legal framework, established after the 2009 crisis, means that money in a bank account is legally considered a debt instrument owned by the institution, not the individual.