You are correct in your analysis in every way…except you do not acknowledge that:

1) the deeper problem is the current monopolistic paradigm for the creation and distribution of new money AKA Debt Only and

2) that the solution to that problem is strategically integrating the new paradigm of Direct and Reciprocal Monetary Gifting into the economy via the same double entry bookkeeping device that the banks currently utilize to create new money ONLY AS DEBT.

Lets get beyond correct and excellent yet mere theorizing, and ACT to implement the new monetary paradigm.