I’m no expert, but I am aware of the concept of debt free currency. I think it is do-able, and has been done, as you indicate. But I think it’s one of those “taboo” topics that people aren’t supposed to talk about because if people caught on that the massive worldwide debt is all a deliberate ploy to keep us enslaved, then there would be a Great Awakening.
You are correct. In the old days the people could figure out that the bankers were creating money out of thin air, then charging us interest on that money that we “borrowed”. The FED, or the many names used in history, is a scam that has brought down every major power in world history.
Heck, Jesus flipped over tables due to the very same thing. The half sheckel (I think that was the name) was the only coin you could pay your “once a year during pilgrimage” tidings in (the only coin that did not bear a pagan emperor). The “bankers” of this time, bought up all the half shekels during the off season, then when the time came, ran the price up to whatever the market would bear. This is why Jesus was flipping over tables.
Money changers have been with us forever. Fractional reserve banking as been with us since the first goldsmith finally stumbled on the fact that not every person would come and demand their gold back all at the same time.
BTW, I am no expert either, but I did stay at a holiday inn last night.
By the way, the following link is to a long documentary on what we are discussing. May have to watch it in multiple sittings, but it is undoubtedly worth the time.
https://m.youtube.com/watch?v=mB-pdPaQNKA