All money in the current monetary system is debt money. It was created out of nothing by Banksters in the form of loans that introduced it to circulation. Loans that created public debt (government debt) or private debt. If all of the loans that initially created it were to be paid back today then there would be no money. Paying back a loan extinguishes money originated as debt. It goes back into the nothing from where it came. Money ceases to exist along with the debt. The debt has been paid. New loans are made as old loans are paid off. That is the Bankster's business that perpetuates the existence of money.
Banksters designed the debt money system to their advantage. It works well for them, not for us but that was their design intention.
In my proposed money system the concept of debt is moved from what money is to what money does. What a thing is determines what it does, how it operates. It is most important to establish by design what a thing is in accordance with what it is intended to do. Banksters did that. Absolutely. To hide the advantages they designed into their creation of money as debt they confuse what money is with what money does. They put the cart before the horse. It is easy to confuse people by focusing on what a thing does because a thing like money can do so many different things. What it is, on the other hand is only one thing.
Turning the Table.
The essential concept of the monetary system design that I propose is that once money is created it never goes out of existence. Money remains in existence as a uniquely identifiable entity forever, or as long as the conceptual value of the idea of money is needed, whichever comes first. Once created, it may be sidelined by withdrawing it from circulation but it continues to exist as a uniquely identified entity. More money existing as a unique entity forever can be created and added to existing money as required.
This fundamental concept of money I propose is different from the Bankster system where money exists as a uniquely identifiable entity only during the lifetime of a loan. Money is the function of a balance sheet equation with credit on one side, debit on the other. Furthermore the conceptual entity called "Money" in the Bankster system is associated with the conceptual entity called "Loan" as an object oriented child of the parent class called "Loan". That is a key relationship that I would reverse.
In the system that I propose, the entity "Loan" or "Debt" would be a child of the Parent Class or Super Class called "Money". The fundamental relationship of Money to Debt is reversed. Debt becomes one of the things money does, not what money is. The Banksters have slyly established that debt is what money is.
It is a simple matter of determining what entity in the relationship of debt and money is the Parent Class and which is the Child Class. Which one inherits all the characteristics of the Parent Class.
Bankster system: Debt is Money. Money equals Debt. Money does not exist without Debt. They are one in the same. Money only exists as long as debt exists.
My system: Money is not Debt. Debt is a subclass entity of Money with conditional existence. Money exists independent of debt existence. Debt is not what money is. Debt represents something money does.
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