[enentique]

Now, when you pay off the note, you extinguish the money supply borrowed (principal) leaving only the interest as the new and immortal money. The growth of interest amounts make up the longterm and permanent growth of the money supply. All else is temporary.

The interest is not 'new, immortal' money. The interest can only be paid by robbing Peter to pay Paul. The interest paid back to the bankster comes out of the pool of money that has been loaned into existence. Therefore in this crazy game of musical chairs, if all the loans were paid back there would not be a dollar in existence and no money to pay the interest. There is no primordial money but gold and silver coinage.