you are still peeling layers off the onion here...
So, where did the banks get the “money” to loan out, so that they would be these debt holders?
The answer is the debt is created from whole cloth. From thin air. Money as we know it ******IS****** debt itself. The FED (and other fiat-based central banks) creates new M2 money **at interest**, while governments “pay” the interest on that new money.
This is where BRICS shines - moving towards a PM-backed zero-inflation non-fractional-reserve financial system.
As the US Dollar is taken down right before our very eyes, a new system will rise, PM-backed.
You’re right. it’s artificial debt.
They’ve made enough interest to have made a profit on this made up debt.
And when, or maybe before, the take down is complete, things will get ugly worldwide.
“As the US Dollar is taken down right before our very eyes, a new system will rise, PM-backed.”
You make it sound so easy and painless.
Normally it takes major wars and upheavals to make that kind of major change.
It may happen—but it will be bloody and brutal—and the new currency could be sea-shells by the time it is done.