Blockchain

Raghu-nomics estimates that 20%% to 80%% of all US debt does not actually exist (depending upon the industry). We refer to this as Phantom Debt. We give the example of parents co-signing a student loan of $50k for their college-bound boy. This same $50k would be reflected in both parent's credit scores. This would now give the impression of $150k worth of total debt to an outsider auditor - 'Expert.' We refer to the parent's loan as Mirror Debt. A payment on that student loan would also be reflected to the parent's credit referred to as a Double Paydown and Leverage Debt Reduction. Our case is simple. Wall Street has created a series of products that are little more than duplicate Mirror Debts. Surprisingly there is no tracking system to cross index all these Mirror Debts or follow payments made to one and credit to all the others. A blockchain system is a rather simple remedy that would have sidestepped much of the 2008 market meltdown. Today it would function like an insurance program.