OK, I'll play, what is the new system you suggest. No one likes the present debt system, but no one wants to pay off the old loans (legacy loans) or do we forgive all debt. There lies the problem. If it was so easy, we would have ditched the present system long ago. No one talks about the dollars outside of US (Euro Dollars), how do we deal with that debt. It is not US debt, but debts made by other banks in other nations. Its easy to talk, but hard to do. Just realize how you could frunction without using loans or credits. Your standard of living must be reduced significantly. Everyone has eaten the same cookie.