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Everyone is missing the point that it is the Central Banks that created debt by issuing the loan to the LOCAL Banks when the Local Banks Customers borrow, as a renovations often, in which the bank issues a loan which bank must have one twelfth of the loan in deposits (Your money and mine mostly)total long in their account (in the US) but since 1968 under the Bretton Woods Agreement, ( thanks to the Bank of England forcing the United States to either go off the gold standard or repay its debt to them, which would have bankrupted our country) the Federal Reserve does Not have any assets of THEIR ASSETS backing up this loan, and therefore it is you and I are repaying these loans without assets that the bank has to backup this debt and issuance of currency, that increases the net worth of the central banks like the Federal Reserve to ultimately of the money paid back to them, thus ensuring THEIR balance sheets that will ever increase and while the bank that loan see the money for sale your house is the title holder, ultimately it is the central bank that owns all of the assets of all of the banks, are assets of the Federal Reserve comment because if the default locally the feds take over the bank and its assets, and then sell it off to another bank to keep the illusion that they dont really own those assets.
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