I was about to be bar mitzvahed and one day my father came to me with a bag that contained two wooden boxes with straps around them. He told me that once you finish your haftorah experience in the synagogue, you will put these two things on your arm and head every day except for Shabbat and holidays. When my father told me to do something, I did it, and to this day I put on my tephillin without any hesitation and along with thinking about why I do it as it relates to my brethren that were taken out of bondage, I remember my father and it gives me pleasure. The mind works in many ways.
In fact, the commentators also place their attention on the word to “borrow.” They then explain that the gold, silver, and clothing were reparations as you suggest, though the statute of limitations argument is interesting. See my message to the congregation for today, in which I discuss reparations for African Americans. Where do you stand on that issue?
As to reparations for African Americans, I have no opinion. I am a native born American citizen that had nothing to do with what happened to African Americans up to the Civil War. I know that my parents had to fight like Hell to get what they received with very little help from the American government, not that the USA had any obligation to give any help. I do know that during WWII, the Americans did not go out of their way to stop the carnage despite repeated requests by various Jewish groups to bomb the tracks that led to the concentration camps. If you know anything about the "Voyage of the Damned", the MS St. Louis that contained Jewish citizens of Germany that had booked passage to Cuba so they could wait out their time and gain entry into the USA when their "quota number" was reached, the Cuban government was pressured into not allowing the ship to dock and let the passengers off. It had to sail back toward Germany with the fate of those on board assured of no mercy when they returned. Some on board cabled Roosevelt to allow the ship to dock in Miami but it was refused. The ship could literally see the Port of Miami as the ship went passed it, but no one on board was allowed to leave. Whether this has anything to do with your question, I do not know, but I personally have no opinion as to whether reparations are in order.