How the Central Bank decides the fate of a government:
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Typical MMT gatekeeping, to preclude radical (and wiser) options such as:
'The proposal, therefore, is that the Government should issue the necessary money to the banks in exchange for the borrowers' collateral, so that henceforth these borrowers owe, not the banks, but the nation which, not the banks, has supplied the goods. They can then repay their debts without destroying the nation's currency and making it impossible for them to find the money to pay. For as the loans fall due and are repaid, the Government should put the money back into circulation (or into the pound-for-pound deposits of cheque users) by buying with it National Debt securities and destroying them. Thus an equivalent of interest-bearing National Debt would be destroyed for the non-interest bearing National Debt that is money.'
Frederick Soddy, The Role of Money.
Frederick Soddy provided an elegant solution nearly a century ago:
'The proposal, therefore, is that the Government should issue the necessary money to the banks in exchange for the borrowers' collateral, so that henceforth these borrowers owe, not the banks, but the nation which, not the banks, has supplied the goods. They can then repay their debts without destroying the nation's currency and making it impossible for them to find the money to pay. For as the loans fall due and are repaid, the Government should put the money back into circulation (or into the pound-for-pound deposits of cheque users) by buying with it National Debt securities and destroying them. Thus an equivalent of interest-bearing National Debt would be destroyed for the non-interest bearing National Debt that is money.'
Internet ArchiveSODDY (Frederick) - The Role of Money (1934) : SODDY, Frederick : Free Download, Borrow, and Streaming : Internet ArchiveWhat It Should Be, Contrasted With What It Has Become.The Role of Money - Front Cover............... 1Title Page.................................... ...
This video should be compulsory viewing whenever the subject of National Debt comes up:
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"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
― Lord Acton
Good to know which side the Republicans are on.
Mankind Drowning Deeper in Debt. 
Global public debt soars to record-high of $92 trillion, UN report reveals
'A recently-published United Nations report reveals that global public debt has reached an unprecedented milestone of $92 trillion....
Additionally, the report highlights a concerning trend of domestic and external debt growing more than fivefold in the past two decades, outpacing economic growth. In contrast, global GDP has only tripled since 2002.'
With debt rising significantly faster than GDP, repayment increasingly becomes impossible. Of course, if the plan is to ensnare humanity in permanent debt-slavery....
WIONGlobal public debt soars to record-high of $92 trillion, UN report reveals
CBDC Resources:
I) Introductory
1) CBDC - Everything You Need to Know (Money GPS)
2) Johnny’s Cash and the Smart Money Nightmare (Richard Hall)
3) CBDC (Cato Institute)
https://www.cato.org/briefing-paper/central-bank-digital-currency#recommendations-congress
II) Intermediate
4) Breakdown of Different CBDC Models (CATO Institute)
https://www.cato.org/blog/breakdown-different-cbdc-models
5) How They’ll Implement a CBDC Without You knowing. (George Gammon)
III) Advanced
6) Richard Werner on CBDCs
@AspenProposal This problem was identified over a century ago and the following solution proposed:
The National Dividend and Leisure
The Revolution Has Been Cancelled
A summary of Douglas Social Credit:
Conspiracy
#greatreset #monetaryreform #conspiracy #centralbanks #smartmoney #righttocash
The Dark Future of Finance.
@joules1971 There's a term that describes the government's power, right - and indeed responsibility to create money: #CoinageSovereignty.
#Feder #MonetaryReform #SocialCredit #MajorDouglas #FrederickSoddy
However, once you have extremely powerful vested interests benefiting from the private issuance of money as debt...
#debt #economics #uk #banks #bankofengland #monetaryreform #positivemoney
Why is there so much debt?
#debt #economics #uk #banks #bankofengland #monetaryreform #positivemoney
Power of Banks vs Democracy
Controversial
#righttocash #monetaryreform #greatreset #smartmoney
"Johnny's Cash and The Smart Money Nightmare (Mirror)"