“If all ‘debt’ disappeared then ‘money’ would be a claim on ‘nothing’.”
BS. Money is a storage of wealth. It is not a storage of debt.
I'll see your BS and raise you one.
'Money' is nothing but a promise on 'debt'.
Read this paper by the Bank of England and get back to me...
So...'money' is backed by a 'claim on the promise of future labor'.
Those understanding this will then know how 'power' is derived.
'power' is a control over the future actions and/or labor of others.
'money' is 'power' - especially if the claim to the promise of future labor is direct (owning a US Treasury or owning a direct promissory note).
That's why the banksters are the most powerful.
Lesser 'power' (2nd order) would be things like 'currency' - which is backed by US Treasuries - which are backed by claims on the promise of future labor.
Always stay as close to being the 1st order owner of debt as possible.