Comment by matheusmoreira

> Not a single atom on the planet has to be moved to extinguish all debts.

You should elaborate more on this bold claim.

> Then who has it?

Plenty of people. Treasury bonds holders. Pension funds. Insurance companies. Other countries. The government owes all of those people and regularly pays them interest.

> You seem to be basing your argument on some seriously outdated and thoroughly refuted models of money.

Fractional reserve banking is outdated and refuted?