Hmmm, okay so lets consider the following example.
Someone borrows 200,000$, and has to pay 60,000$ each year, in 5 years. That's 300,000$. 100,000$ that did not exist in the first place.
So, instead of having to pay 300,000$ to the bankers, I pay off the debt early, avoiding paying any accrued interest. The person that owed 300,000$ to the bank now just owes me 200,000$+ one day of interest. That 100,000$ never existed.
.... yeah, this should work in eradicating debt. Now to tie a bunch of them longnose usurymongers up and explain this to use the steam from their heads to power a turbine for free electricity.
Hmmm, okay so lets consider the following example.
Someone borrows 200,000$, and has to pay 60,000$ each year, in 5 years. That's 300,000$. 100,000$ that did not exist in the first place.
So, instead of having to pay 300,000$ to the bankers, I pay off the debt early, avoiding paying any accrued interest. The person that owed 300,000$ to the bank now just owes me 200,000$+ one day of interest. That 100,000$ never existed.
.... yeah, this should work in eradicating debt. Now to tie a bunch of them longnose usurymongers up and explain this to use the steam from their heads to power a turbine for free electricity.