There’s another way of thinking about this. If all the goods and services in the economy were backed or shadowed by an equivalent amount of currency we would have a situation were there would be debt but it would be owed to no one in particular. The cash would be a direct substitute for goods and services. Benjamin Franklin wrote about the currency in Pennsylvania that worked like this but based on land. It worked very well and provided prosperity for the whole community. Of course when the Bank of England found out about it the King made them stop causing the whole community to crash into a downward spiral. Possibly being one of the reasons for the revolution.

http://www.philadelphiafed.org/publications/economic-education/ben-franklin-and-paper-money-economy.pdf

Since the debt is compounding it can’t be sustained. They’ve already got this figured out. They’re going to Special Drawing Rights SDR’s. There will be a big financial crisis and SDR’s will come in to save the day. It will of course be the same rip off but on a bigger scale. See below. They explain it all.

http://philosophyofmetrics.com/

http://redefininggod.com/

We should go to a money system that’s based on total goods and services. It could be inflationary but not necessarily any more than what we have now. All debt these days (bonds) are essentially monetized or currency anyways. You just borrow money on the value of the bonds. So doing away with bonds would not necessarily cause a cash inflation spiral as the bonds are likely monetized (cash) as it is.

Likewise, there are few multiracial societies of the past that have avoided descending into destructive ethnic chauvinism and tribalism once assimilation and integration were replaced by salad-bowl identity politics.

This is the battlefield of today. Martial combat doesn’t settle anything anymore; it’s all about domestic politics.

http://www.isegoria.net/2014/07/civil-dissensions/
http://www.isegoria.net/2014/07/frivolity/
http://www.isegoria.net/2014/07/the-influx-of-foreigners/