1) Everything revolves around basic assets.

2) The basic assets are (a) human labor, (b) human ingenuity, (c) land and (d) everything that grows on land and (e) exists under land.

3) Assets exist at all times in all places -- they make debt and the creation of money possible.

4) Money does not grow on trees. It is, perhaps, the greatest invention of humans.

5) Money is basically created by loans backed by assets -- that is simply the way the system works. Others use the word "debt" instead of "loan" -- but "debt" and "loan" are essentially both sides of the same coin. It is impossible to make a coin with only one side. It is impossible to make debt without a loan. It is impossible for a nation to make a loan without creating money -- because a wise sovereign nation always has all of its money being used.

6) It would be foolish to have extra money sitting around doing nothing (as a "reserve") when money can be created instantly for worthwhile projects which will create more wealth than the value of the loan/debt.

7) Loans of created money are the engine for all economies. All nations have the sovereign right to create as much money as they need to keep the economy humming like a well oiled machine. Without loans/debt, there is no money and commerce is very difficult.

8) A basic problem with our system is that we keep track of (a) national spending (b) income and (c) debts -- but we do not keep close track of (d) our national assets. This means we never really know if our debts or expenditures are excessive. We need a transparent, conventional double-entry system of bookkeeping, that keeps track of assets and liabilities as well as income and expense.

That is it -- it is no more complicated than that.