This is true for currently popular monies, but is not inherently true. Is a gold coin a debt instrument?
> Is a gold coin a debt instrument?
It is if you lend or borrow it or use it as collateral.
So no, not all gold coins are debt.
Or yes, some gold coins are debt.
Forbid the "yes", keep the "no".
That's nonsense; it is obsolete government propaganda. Just the type of money that you are shamelessly used to is debt based. Money rooted in precious metals, also some cryptocurrencies, is in no way debt based. And yes I can spend them.