Bravo. A debt backed currency. I 100% agree. Now are you trying to make this sounds like a good thing? Because in reality it's a clusterfuck in a hurricane. Nothing will ever survive by having more and more debt as time goes on. You can only print so much money until your currency and debt is completely worthless and you get liquidated. Maybe you should switch over before that happens. Either way idc, I'm in. If you don't understand it then we'll just see you in 10 years when you have to understand it to survive.
Correct, countries function under the same rules as regular people even if they do not want to believe it, if a person spends more money than he has then that person will eventually lose everything he has and will have to declare bankruptcy, governments are the same except the scale is bigger but the same principle applies so a debt based currency is doom to fail, it does not matter if it happens tomorrow or in a hundred years it will happen eventually.