Poemander

Make no mistake, the ultimate collateral on all debts is freedom. As long as one perpetuates the account keeping, there is no debt jubilee, no breaking of bondage. The collateral can be masked by another kind of superstructure, but make no mistake: debts do not get forgiven as long as they are not forgotten. Account keeping is a mechanism to prevent just that. Ancient Sumerians kept their accounts, nothing changed since. Throughout the history we worked hard to making the debts seem less personal, but don't be delusioned: debts as well as money is always a personal matter. The decree of clean slate was and is only symbolical because nobody has the power to erase debts, not even the kings. Kings are bonded not less than their slaves by the same account keeping. The symbolism of a clean slate is in substituting the forgiveness for forgetting.

Only nature, call it god, superpowers if you wish, have the ability to wipe off the debts. This is done by a total collapse and eradication.

When it comes to the governments, they don't have the powers to cancel the debts, instead, they will replace one type of superstructure with the other; one type of slavery with another, seemingly even less personal. This is why they made a Bitcoin, that is why we have dlt as a triple entry accounting record.

Remember, the one who is free is the one who doesn't keep the accounts.