You’ve summarized the well-worn myth, yes. Now it’s time to learn about fractional reserve banking…

Deposits will remain untouched, the bonds will still be in place, and the stocks will be bought out.

You also don’t (yet) understand how global wealth taxes and global corporate taxes work.

Credit has existed for millennia without interest. You can read more about interest-free credit here. And you misread me by saying I’m against credit. I’m against usury.

Be careful not to shame the masses for “not understanding.” Compounding usury makes everyone a fool.