>allow billionaires to privately own and run out entire economy for their own profit
Central banks already do this. Global economy is controlled and planned by central banks that issue all of the world's debt note fiat currency, we citizens are their debt slaves
Sovereign treasuries of all nations that issue the worlds' currency denominations do this on loan from central banks
That is what the debt (bond) market is, every note of debt note fiat currency "printed" into existence requires an equal *bond* be issued and sold by that nation's treasury.
Bonds have to be sold
Debt must be bought
(That is also why the mythical "printing" of money is not 'free' : Debt must be purchased in order for global confidence in the Debt-Based Economic Model to be maintained worldwide. It implodes instantly otherwise)
https://archive.4plebs.org/pol/thread/500310690
We are all in debt to central banks (their Primary Dealers / suppliers, the global investment banks)