Introduction
From the moment a child is born today, she inherits a share of public liabilities that her parents and grand‑parents accumulated to finance wars, welfare, and financial bail‑outs. The figures are staggering: global sovereign debt has raced beyond USD 95 trillion, corporate liabilities hover near USD 88 trillion, and consumer credit tops USD 15 trillion. Interest payments alone drain trillions from productive investment each year. “Breaking free from debt” is therefore not rhetorical flourish; it is a civilizational requirement if we wish to hand future generations anything better than an IOU.
The Credit‑to‑Credit (C2C) Monetary System provides a clear escape route. By replacing money‑creation‑through‑borrowing with money‑creation‑through‑verified‑value, C2C erases the structural need for perpetual indebtedness. This publication explains how adopting C2C—anchored by instruments such as Central Ura (URU) and Central Cru, and governed under the Proposed Treaty of Nairobi—can unlock a new era of global prosperity.
1 · The Debt Trap—How We Got Here
1971 – The Nixon Shock. Once currencies floated free of gold, governments discovered they could fund deficits by issuing bonds that central banks gladly bought.
1980s–1990s – Financial Deregulation. Fractional‑reserve banking, securitization, and shadow finance multiplied private leverage.
2008 – Global Financial Crisis. Public balance‑sheets absorbed private losses, catapulting sovereign debt to historic highs.
2020–2023 – Pandemic Stimulus & Inflation. Trillions in emergency money printing met supply‑chain bottlenecks, reviving inflation and prompting sharper rate hikes—thereby pushing debt‑service costs even higher.
Result: a vicious loop in which new money requires new debt, new debt requires more interest, and more interest demands new money.
2 · The Credit‑to‑Credit Revolution—Breaking the Loop
C2C rewires the monetary engine:
- Asset‑Backed Issuance – Currency units emerge only when equal reserves—gold, URU, or audited receivables—enter a public ledger.
- Full‑Reserve Discipline – Deposits remain 100 percent liquid; banks lend investor capital, not sight deposits.
- Production‑Indexed Growth – Money supply expands strictly with verified output, anchoring prices and eliminating stealth inflation.
- Making Whole – Existing debt converts, at face value, into asset‑backed obligations, fully compensating creditors but terminating interest chains.
Once debt stops being the raw material for money, public liabilities stabilize and begin to decline, freeing resources for innovation, social services, and climate resilience.
3 · Macro‑Economic Transitions and Wealth Creation
Globalgood modelling (using IMF, OECD, and BIS data) projects that a full C2C transition across G‑20 economies would:
- Reduce average sovereign debt‑to‑GDP ratios from 104 percent to below 40 percent within two decades.
- Lower long‑term real interest rates by 200–300 basis points as inflation risk vanishes.
- Raise median household purchasing power by 25 percent over ten years via stable prices and cheaper credit.
- Boost cross‑border trade volumes 15–20 percent by removing currency‑hedge premiums.
4 · Stakeholder‑Centric Benefits
| Group | Immediate Gain | Long‑Term Upside |
| Governments | Debt conversion eliminates compounding interest | Fiscal space for health, education, green infrastructure |
| Businesses & SMEs | Stable discount rates; lower hedging costs | Expanded markets as consumer purchasing power rises |
| Financial Institutions | New role as custodians, verifiers, and asset managers | Steady fee income, lower balance‑sheet risk |
| Investors & Savers | Inflation‑protected returns | Safer pensions; predictable capital‑market valuations |
| Universities & Students | New research & career paths in real‑asset finance | A job market aligned with sustainable economics |
| Faith & Ethics Leaders | Tangible progress against systemic usury | Stronger community resilience and charitable reach |
| Citizens | Stable wages, affordable mortgages | Inter‑generational wealth security |
5 · C2C Instruments—URU and CRU in Practice
Central Ura (URU) operates as the system’s reserve backbone. One URU is fully backed by audited primary assets and maintains a real‑value floor (currently 1.69 g gold ≈ 136 USD). URU is the settlement medium for international transactions, central‑bank swaps, and “Making Whole” debt conversions.
Central Cru (CRU) tokenizes verified trade receivables, turning invoices into spendable, reserve‑quality currency. CRU issuance rises with exports and extinguishes when invoices are paid, ensuring that money supply never races ahead of real commerce.
6 · From Debtors to Creditors of Last Resort
Under C2C, governments cease borrowing to cover deficits. Instead, during liquidity crunches they purchase domestic CRU or other receivables—becoming creditors of last resort who inject asset‑backed currency into the economy without raising public debt. When the cycle turns and receivables pay out, the state’s temporary balance‑sheet exposure vanishes, leaving net debt unchanged.
7 · Implementation Roadmap—From Decision to Prosperity
Phase I – Commitment & Education
Leaders sign the Treaty of Nairobi; nationwide campaigns explain C2C mechanics.
Phase II – Legal & Institutional Setup
Parliament enacts full‑reserve statutes; central bank re‑charters as a Reserve & Issuance Authority.
Phase III – Asset Audits & URU Integration
Gold, commodity stocks, and receivables are independently audited; equal value of URU is minted.
Phase IV – Making Whole Conversion
All outstanding sovereign bonds swap for asset‑backed instruments, interest obligations end.
Phase V – Dual Circulation
Fiat and new currency circulate side‑by‑side while markets adapt.
Phase VI – Full C2C Adoption
Legacy fiat retires; prices, wages, pensions, and contracts reference asset‑backed units exclusively.
8 · Governance and Transparency
The Global Ura Authority (GUA)—chartered once three founding nations ratify the Treaty—publishes monthly reserve audits on an immutable ledger, enforces AML/KYC protocols, and caps any Founding‑Holder URU doubling at two‑times initial fiat contributions. Annual stress tests and rotating auditors guarantee that no country can quietly inflate.
Conclusion—A Debt‑Free Horizon
Debt once energized economies; today it suffocates them. The Credit‑to‑Credit Revolution replaces the brittle scaffolding of borrowed money with a sturdy architecture of real‑value finance. Debt No More is not wishful thinking; it is a technically detailed, legally grounded, morally compelling roadmap to prosperity that grows from actual productivity, not from the arithmetic of compound interest.
Globalgood Corporation invites nations, corporations, universities, philanthropies, and citizens to participate in pilot programs, treaty workshops, and public‑education forums. Together we can consign systemic debt to history and build a monetary future where growth is sustainable, equity is attainable, and prosperity is truly global.
Download annexes, model legislation, and transition tool‑kits at globalgoodcorp.org/publications-and-reports or email info@globalgoodcorp.org.