https://alternativeaction.wordpress.com/2017/07/12/how-can-we-pay-a-debt-with-a-debt/
DISCLAIMER NOTICE: This article and all other posts on this blog is intended for educational purposes only. None of these posts constitute legal advice in any way. If you want legal advice, and a wordy, rambling rebuttal of this article, and a dent in your wallet, go see a lawyer.
This is my understanding and it could very well be totally wrong or wrong in places. It is for my readers to decide.
How can we pay an alleged debt? when all we have to pay with is pieces of paper that in itself is a promise to pay.
Each note we have in circulation is a promise to pay! it states that plainly on the face of the note. So we have an alleged debt and
we pay it with more debt, how does that work? to me all we are doing is making a bigger debt, we are digging a bigger hole for ourselves
and our progeny.
Read the full post at the link above.