100% correct! Couldn’t agree more. Current system is dead. Trump will either help create a new globalist system with controls beyond the ability of “We the People” to own (unlikely), or replace the dead system with an America first, US centric monetary and banking system with accountability retained within our Constitutional form of self-government.
I think it’s officially considered a “crackpot theory” but there are some people who describe Central Banking along these lines – You request $100 from the Central Bank. They have a magic wand and they wave $100 into existence and give it to you with the stipulation that you eventually give them $105.
Where does the extra $5 really come from? From the Central Bank’s magic wand, which they will wave again at a future date. This is a system which just builds up debt since the interest is necessarily paid by money which must be created in the future.
The “crackpot theory” is that the full faith and credit of a country may be sufficient as a backing vehicle. You don’t need a Gold Standard. You don’t need interest repaid to the lender. You just need the US to lend money to borrowers with the expectation that they will pay back $100 if they borrow $100. As with any lending system, money can be lost – the business goes bankrupt and the loan is not repaid. That happens under any system. But the Lending authority (US government itself) isn’t trying to make a profit and won’t try to squeeze $105 out of a $100 loan. This inherently limits debt and allows the government to create money it needs without having to sell bonds to foreigners.
Theoretically the world “doesn’t work that way”. But I think the people who say that tend to be Bankers and other people who expect to profit from a world fueled by debt.