1. Bob talks about how the gold standard, or really the US leaving the gold standard, brought a whole new meaning to the value of money. Establishing a government backed dollar, the US placed a new contender in the running of valued currency. This led to many seeking to obtain the value now instilled by US government. It was not others who influenced America’s trade deficits; rather, it was the self-invented value system that America brought that eroded funds from within.
2. The biblical aspect that Bob includes is from Deuteronomy. He explains how God had an understanding of economics and instructed that the Israelites not go into debt. Smart move, and very applicable today still. I know I would much rather be owed money than millions in the hole with no way of getting out financially.