The term 'white hats' is nebulous but I use it to refer to the good guys. Unfortunately, the good guys one day are the bad guys the next day. I understand what you are suggesting but one thing I don't see addressed is the interest on the debt instruments.
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The interest on the Debt will be very easy to pay in full... The Battle you need to be watching (as you're enjoying the Show) is the Battle between "Our Money" and the Central Bank "Owners Money"... I have over 600 Posts on this topic, looking at it from every possible angle...
Thanks for the enlightening discussion. I will be checking out your posts.