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.
I’m not sure this is entirely true as every US citizen with a birth certificate has been and is currently being bought and sold daily on the markets. This is the elusive strawman accounts they found when they found the Panama papers… so in essence you yourself could be worth millions or billions depending on your “worth” to traders. For understanding everyone has to become familiar with actual legal terms set forth by our founders, and how the entire fiasco of usury debt facilitated against us is in actual terms fraud and makes the contracts null and void, in fact they are illegal… https://youtu.be/e4KNxgWY5yg?si=RF8WMCPhcUc6mg7T