You still owe the "principal".
The amount of money one borrows is principal. "Unless the loan is interest-free" , one always pays more than the principal amount to the lender.The interest is calculated over the principal amount still outstanding adding to the total debt.
$100 (principal) +10% (flat non-accrued interest rate)= $110 debt
With no interest rate you own only the principal.
Research the big fruit companies etc., central America and the Pineapple cartels.
Capital = time/effort ( a means of/ to ) = production.
Money is a substitute for Time/effort as a means of/to production.
Free markets set values on effort/product.
Harder(more) you work = more money
Better product = more money
Valued product = more money
Capital investment = work effort (or money which is surplus effort/work in the form of savings )
They do its call the Federal Reserve. The Govt. had a contract to barrow from it which is now expired.
"We will barrow the money and guarantee your payment via the enforcement of the IRS through taxation ratified by congress etc even if the debt out stretches the population's GDP of the country for a millennia .OR until We can break it into a socialistic state ?"
I think you know more than your letting on to Fren………
It's quite common info that December of 2013, the Federal Reserve Charter came to an end. However; there is some debate as to whether or not by borrowing additional funding a legal contract was created extending the current charter by default.