It seems like a new banking system backed by something tangible again like how it was in the 1800's and prior would be a good move but would those of us in debt still be in debt to the banks? If not, how would our debts magically be absolved?
Example, say you owe money on your car and you have a ton of outstanding debt to a bank or credit lender. How exactly does implementing a new system of banking nullify this? Can't the bank still say "Since the USD is defunct, now you owe us the "New US Treasury Certificate" equivalent of that amount"?
I just can't quite put 2 and 2 together how the new currency would be debt free without older debts being absolved first.
Option A, covered by whom? As in, the new US Gov't would essentially pay off all outstanding debts or you're saying we'd still be endentured to the legit creditors until the debt is paid off?
Covered by the government at pennies on the dollar. The banks would take it or leave it. Basically this is all GESARA / NESARA.
Can you explain GESARA / NESARA like I'm 5?
Could be fantasy land, may not be though.
How about a picture? It is much easier than I can explain it lol.
https://i.pinimg.com/736x/92/d2/a3/92d2a3390991250504fdab1eeebd6184.jpg
its one of those "crazy conspiracy theories", and heres the thing...
whenever you mention GESARA / NESARA
people lose their minds!
peoples over-reaction to the subject ought to tell you something...
https://en.wikipedia.org/wiki/Talk:National_Economic_Stabilization_And_Recovery_Act