earlier i spoke with michael maloney founder of gold silver dot com he recently created a video series the hidden secrets of money and he did this to explain monetary history well cycles and the financial crisis well the debt ceiling might have been temporarily raised but it's an issue that's guaranteed to be revisited in just a few short months so i first asked him about the very relevance of the debt ceiling and here's what he said. well it isn't relevant because we live in a world that is a debt based monetary system and when you when your currency supply is all owed back plus interest and the currency to pay the interest does not exist yet it means that you always have to go deeper in debt the debt ceiling is an absurd notion in a monetary system that's debt based and could you explain on the relevance of this we actually have a clip from your video and this is the latest installment that came out and it has to do with and it gives a great visual representation of the debt and currency side by side here it is. we don't go deeper into debt every year look what happens the whole thin