Very cool analysis at the sharp end of the debt driven nightmare, thanks for posting. I think nature may be finally ending it though. The system of debt has dependencies and implications also on energy, specifically that the energy only comes from finite sources involving extraction, like fossil fuels.

Every promise to pay propagates through the system to end in ultimately promises to extract. For it all to be enforcible, the system has to be closed, no possibilities of energy from donated non-finite sources involving no extraction can be allowed to "leak in".

But, driven by nature, we are in process of scaling up solar energy, which is exclusively pushed to us for free from the sun.

Not formally acknowledging it by issue of free money results in currency devaluing, as currency becomes decreasingly representative of actual valuable energy product, hence we see inflation.

Formally acknowledging it requires free money to be issued, truly representing the free energy coming into the system.

Free money discharges pretty much all debt.

Exciting times!