of course you can cancel debt, it's not even a new idea. Debt is not real money it's an artificial construct. A bank does NOT need to have any "money" to "loan" to you. Your signature on a contract called a Credit Agreement authorises the bank to create credit in your name, When you spend it it becomes "money". If you "borrow" 200K to buy a house, for example, the bank will credit your account at the time of signature and you have "money" to purchase the house. You buy the house with those funds and take possession of the house. The seller of the house is now paid in full. You have a house and a 200K debt with interest added. Now, if all debts are cancelled, who loses ? Those with a strong knee-jerk reaction might say that the banks will lose 200k, but as I described above, The banks did not loan you their own cash, they simply handled the paperwork and typed in the numbers into a computer. However, because the banks are utterly fraudulent by design, they have been allowed to use your credit as their assets and have gambled with this fictitious credit. It won't matter the old system is designated for replacement, with all debt being cancelled and Treasury money based on Nationally owned assets will replace the current system.

Fiat vs Real.

of course you can cancel debt, it's not even a new idea.

Debt is not real money it's an artificial construct.

A bank does NOT need to have any "money" to "loan" to you.

Your signature on a contract called a Credit Agreement authorises the bank to create credit in your name,

When you spend it it becomes "money".

If you "borrow" 200K to buy a house, for example, the bank will credit your account at the time of signature and you have "money" to purchase the house.

You buy the house with those funds and take possession of the house.

The seller of the house is now paid in full. You have a house and a 200K debt with interest added.

Now, if all debts are cancelled, who loses ?

Those with a strong knee-jerk reaction might say that the banks will lose 200k, but as I described above, The banks did not loan you their own cash, they simply handled the paperwork and typed in the numbers into a computer.

However, because the banks are utterly fraudulent by design, they have been allowed to use your credit as their assets and have gambled with this fictitious credit.

It won't matter the old system is designated for replacement, with all debt being cancelled and Treasury money based on Nationally owned assets will replace the current system.

of course you can cancel debt, it's not even a new idea.

Debt is not real money it's an artificial construct.

A bank does NOT need to have any "money" to "loan" to you.

Your signature on a contract called a Credit Agreement authorises the bank to create credit in your name,

When you spend it it becomes "money".

If you "borrow" 200K to buy a house, for example, the bank will credit your account at the time of signature and you have "money" to purchase the house.

You buy the house with those funds and take possession of the house.

The seller of the house is now paid in full. You have a house and a 200K debt with interest added.

Now, if all debts are cancelled, who loses ?

Those with a strong knee-jerk reaction might say that the banks will lose 200k, but as I described above, The banks did not loan you their own cash, they simply handled the paperwork and typed in the numbers into a computer.

However, because the banks are utterly fraudulent by design, they have been allowed to use your credit as their assets and have gambled with this fictitious credit.

It won't matter the old system is designated for replacement, with all debt being cancelled and Treasury money based on Nationally owned assets will replace the current system.