I don't understand why all countries in the world simply don't issue their currencies interest free? It is the best solution. The US before the American Revolution issued Colonial Script and during during the Civil War they issued the interest free Greenback. A country can finance its infrastructure and other needs without borrowing from the IMF, World Bank or even China. The colonial US, Lincoln's America and Nazi Germany are good examples of this.
To see the effect of debt-free currency, We can use examples in history to illustrate the point.
1. * The Saracen Empire forbade interest on money 1,000 years ago, and its wealth outshone Saxon Europe.
2. * Mandarin China issued its own money, interest and debt-free. Historians and collectors of art today consider those centuries to China's greatest time of wealth, culture and peace.
3. * The American Colonies issued Colonial Script, and Ben Franklin explained to the English that this was the key to the prosperity Colonies.
4. * Abraham Lincoln did it in 1863 to finance and win the Civil War.
5. * Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a World power in 5 years.
Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took nearly the whole Capitalist and Communist world to destroy the German power
over Europe.
Was this the real cause of World War II?
Did the International Bankers have to destroy the
Government of Germany because it issued debt and interest free money just like Lincoln did?
https://wiki.p2pfoundation.net/Colonial_Script
https://www.ukcolumn.org/article/case-greenback-pound
https://theamericanchronicle.blogspot.com/2013/09/the-real-cause-for-american-revolution.html
https://mordant-truth.weebly.com/hilter-monetary-system-real-cause-of-ww2.html